The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-05
ARTICLES oE Incorporation
AND NORTiIW ESTERN LAM


AND NORTHwESTERN LAND
COMPANY.
We, the undersigned, hereby associate QUIZ
selves together and hereby form body corporate
under and pursuant to the provisions of title
two ca of chapter thirty four laf) OF the gem
anenda tory thereof, and to that end do hereby
adopt and sign the following articles of incor-
poratlon. to-Wit:
The name of the said corporation shall be and
is the MINNEAPOLIS and Northwestern Land
transaction of its business shall be the city of
Minneapolis, Henncpin county, Minnesota.
ARTICLE IL.
The purpose for which this corporal ion is CTe-
ated and established and the general nature OF
the business OF said corporation shall he the
manufacture Of timber into lumber and the
cGltiyating and improving of farm lands. and
the raising and improving of live stock. and the
doing of all things incident and necessary there
to. and the. functions of this corporation
limited TO the transaction OF the business afcre-
said and to the business essential thereto, in-
ing the produce of said business.
ARTICLE III.
The time of the commencement of this cor.
poratiOn shall he the 9th day of February,
1905. and the period of continuance thereof shall
be thirty 600 years
ARTICLE ".
The amount of the capital stock of said cor-
poration shall be the sum of million i've
hundred thousand dollars Isl .5UU.000J, which
shall be divided into ten thousand 1o,Uoo}
shares of common stock of hundred dollars
tSlUOl each, and five thousand (J,o00J shares
of preferred stock of one hundred dollars (S100)
each, all of which stock shall he paid in at sucn
times and in such manner the board of di-
rectOrs shall direct said preferred stock to
ceive dividends of six per cent per annum. and
the said preferred stock be called in by said
board Of directors paid off par and Cancelled
at any time, and so long as said preferred stock
shall be outstanding and unpaid dividend
The said preferred stock shall have no voting
power at the meetings OF elections held by the
ARTICLE V
The highest amount of Indebtedness or liability
to which said corporation shall at any time hs
| (S:'jU. UOu.l
| ARTICLE VI.
The names of the persons forming such asso-
| citation for corporation purposes and the places
| of their residences follows:
H. H. Coleman, Minneapolis Minnesota.
III. T. Benton. Minneapolis Minnesota.
! W. c. Hamilton, Minneapolis. Minnesota.
| Fred Il. l'rice, Sauit Ste. Marie, Michigan.
| ARTICLE VII.
! The names of tie persons forming the first
board of directors Of said corporation as
II. II. Coleman. H. NJ Funson. ". c. Ham-
ton. H. p. Benton, Fred Il. Price. and the said
until the annual meeting of the stockholders aud
until their successors are elected and qualified
ARTICLE VIII.
| The government of this corpora ton and the
mana geluent of its affairs shall be vested in =
board Of five 90 directors, who shall be stock
holders of said corporation, and shall be elected
the annual meeting, of said stockholders and
the first annual meeting and election of officers
and directors snail occur the second Nednes-
day iii February. 1903. and annually thereafter.
! and the said board of directors may at any tims
b" increased from i've te} to nine CD directors.
ARTICLE TX.
The officers of said corporation shall he 4
| president. vice president secretary and treas
urer but the offices of secretary and treasurer
may be held by one pcrsun These said officer,
shall be elected annually by the board of direc
tors and until their successors shall be elected
fled - following
OF said corporation:
H. H. Coleman. President.
H. NJ. Funson. Vice President.
a H. p. Beuton, Secretary n3 ;, aud Treasurer
.rv vacancy o,.s|rr ioei in spr of said Office
may I've flled by said Board of Directors at an,
general special meeting.
The by laws of said corporation shall be pre-
Pared and adopted by the Board of Directors q
The first melting of said Board. at which meei
as shall legally come before it, which said brs
| meeting OF said Board of Directors shall be th
9TH day of February, 1908.
In Witness Whereof: We have hereunto SO
our hands and affixed our seals, this 3ist day u
H i: i1ssssos>' 'sss!3
E II Il F 2 B b ", };Tn, , ,sssl3 }
: FRED R. PRICE. tseal.J
In the presence of
). LOUIS A. REED.
CHARLES w. GIVEN
STATE OF MINNESOTA, COUNTY OF Hen
On this slst day of January. 1908. before m'
Notary Public. in and for said Hennepin coui
: ty, personally appeared II. FL. Coleman. H. y
Funson. II. 2. Benton. W. G. Hamilton an
II. X. Price to ,ne well known to be the be
sons described in and who executed the for
$ going articles of Incorporation. and seyeral
20 acknowledged that they executed the same
81 their free act and deed
d LOUIS A. REED.
j. Notary Public for Hennepin County
?. STATE OF MINNESOTA. DEPARTMENT 9
,r STATE.
! / hereby certify that the within nstrume
Was filed for record in this office on the 4
day of February. A. ID. 1903. at 1920 O'Clock
. M. and was duly recorded in Book D3 of i
p F. HANSON.
Secretary of State.
OFFICE OF REGISTER OF DEEDS, STATE !
Minnesota, Comfy of Hennepin.
I hereby certify that the within instrume
was filed for record This office on the 4th d
of February. a. -. 1868. at II o'clock a. n
and was duly recorded in Book OF
BY A. W. SKOG, Register of Deeds.
Deputy Register of DeedA