Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1904-02-18

Ine name OF this corporation shall be Pioneer
Loan and Land Company. E@wE. I r..
Fhe general nature OF the business of said
corporation shall be the buying. owning. i'm
proving. selling. and dealngin land tenaments,
and Entertainments real mixed and personal
estate and property: and for that purpose may
nave. own, purchase, receive. possess, and re-
tain to itself and successors any of the said
property. and may use and enjoy the same,
and the same improve by erecting and con-
structing thereon dwelling houses and other
buildings. erections and structures and other
wise to enhance, build upon or improve or cul-
tlvate the same by every extent. or as such
corporation may deem proper or advantageous
ana may sell, convey, lease, hold. mortgage or
otherwise dispose of. charge or incufnber such
lands. tenaments. heriditaments, real. mixed
ahd personal Pre- property or estate. or any Of
them, or any right or Interest therein at pleas
ure, and IN such manner ana on such terms as
sucn corporation may determine by it's board
q directors, or establish by it's bylaws; and for
manner accept and receive, all necessary and
and other Contracts ana wr!tinps GhliaatorS TS
sasnso an6 may loan money or funds, either for them
mora vs. agent for Others and receive.
37 Gage. pledge or other security for the
repayment OF the same, and in connection
Herewith. may purchase, acquire, hold sell,
obRsations Of this CORPORATION % or of % any other hey
person or corporation which are secured by
mortgage or otherwise, and may collect, fore
and discharge the same OF ecord and this cor
poration shall have and exercise all necessary
rights. franchises, munlmentS. estate. powers
and privileges necessary for any Of the pur-
poses aforesaid. 3
4 The principal place of transacting the busi-
ness OF this corporation shall be the City of
Warren. in Marshall County, Minnesota.
.& ARTICLE H. -.
The. time of commencement of this corpora
tion shall be the End day of March A. D. 1904,
and the period Of continuance thereof shall be
Thirty (3O) years thereafter '-.
H. -s ARTICLE III
pOratiOn shall be Twenty Five Thousand $685.
OOO.OO) Dollars. the same to be paid in at such
times and places and in such manner and
directors OF this corporation. -
ARTICLE;Iv. s
The highest amount of Indebtedness or liabili-.
ty TO which this CORPORATION shall at any time
be subject. shall be the sum of Twenty Five
Thousand S25.OO00 0o) Dollars:
ARTICLE W.
,ffse; names ;sntl places os,6res ie.aaee, ~ sbe
persons forming this association Tor incofpora7
tion are as follows: LAFAYETTE I.amberson Of
Warren. Minnesota Willis A. Knapp of War
rem, Minnesota. and VIM. J. Brown of Warren.
Minnesota .r ="
The government Of this corpora ton and the
management of its affairs shall be vested in a
boarh of Three 90 directors each of whom
shall be Stocl1holder of this corporation.
Said board OF directors of this corporations,
after the one herein named. shall be elected
from and by the stockholders Of this corpora
tion st the annual meeting of the said stock
holders which shall be held at the principal
place OF business of this corporation in the
City of w Warren,in Marshall County: Minnesota.
at ten o. clock A. NJ. on the second Tuesday in
January in each year hereafter. the first meet
ing tobe held January 10th. 1905, at ten O'Clock
irSf ms q inp nf fhc,
said board OF directors. after said annual stock
holders meeting or at any adjourned meeting
meeting thereof called for that purpose, said
newly elected board of directors shall organize.
by the election Of and from their number OF a
President. 'Vfce-President q Secretary, and
Treasurer OF this corporation Each of the
said officers and directors, SO elected as afore-
said. shall hold their respective,oftices for the
term OF One Cd year and until their successors
are elected and have qualified. The same per-
son may hold the Office, at the same time, Of
PRESIDENT and Treasurer, OF Vice.President
and Treasurer. or of Secretary and Treasurer
The board OF directors of this corporation
shall have power and authority to enact by
laws regulating the manner OF calling and con-
ducting meetings and elections. providing for
the filling of vacancies in the said board OF
directors or any Of the Offices OF this corpora
corporation changing the same. fixing the
powers duties and emOluments Of the officers
and agents Of the corporation. and regulating
all other matters deemed necessary for the
good government and management of the af-
fairs of this corporation.
E The names Of the first board of directors of
this corporation ana their places of residence
are as follows. viz: Lafayette Lambe, son.
Willis A. Knapp and VIM, j. Brown. all of
Warren, Minnesota. which said board of
directors shall meet at the principal place of
business Of the said corporation in the City OF
Warren in Marshall County, Minnesota, on the
5th day Of March, 1904, at o'clock p. NJ. and
organize by the election Of aPresiden6. a Vice
President a Secretary and a Treasurer Of this
corporation and the said directors and the said
officers. so elected: SD III ho1i theirSn ',ertive
offices, aforesaid, until 5he Sc :Cnd Tuesd y il
January, 1903. w. p r az.,a- ..-.. ,.s.- -E
Fl. ARTICLE VII.
The number of shares in the capital stock of