Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1904-02-18
Articles of incorporation
OF ~ .s.
Pioneer Loan and Land
COMPANY. s4. :"

For the purpose OF organizing corporation
ments and provisions of Title Two 81. of Chap
Ter Ihlrly-four 90, OF the General STATUTES OF
TO, we, the undersigned, do hereby associate
ourselves together and do adopt and sign the
following articles of incorporation.
ARTICLEI
The name of this corporation shall be Pioneer
Loan and Land Company.
Fhe general nature OF the business of said
corporation shall be the buying. owning. i'm
proving. selling and dealing in land, tenaments,
and Entertainments, real, mixed and personal
estate and property; and for that purpose may
have. 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 Gull
hvate the same by every extent. or as such
ana may sell, convey, lease, hold. mortgage or
otherwise dispose of, charge or incurnber such
lands. tenaments. Entertainments. real mixed
them, Or any right or interest therein, at pleas
IRE, and in such manner and on such terms as !
such corporation may determine by it's board
that purpose may make and deliver and in like
manner accept and receive, all necessary and
proper deeds. e9nveyanees, MORTGAGES, leases,
a and 9 osner on ana writings Obligatory
se1yss' Or 40 agent for others, and receive.
~" Rage. pledge or other security for the
repayment OF the same, and in connection
hypotnecate. assign transfer. and convey any
obligations of this corporation or OF any other
person or corporation which are secured by
B close: Compound, compromise. lease. satisfy
and discharge the same OF record; and this cor
rights, franchises, muniments. estate. powers
and PRIVILEGES necessary for any OF the pur-
poses aforesaid.
K The principal place of transacting the bust
ness of this corporation shall be the City of
Warren. in Marshall County, Minnesota.
,.-. ARTICLE H.
The time of commencement of this corpora
and the period of continuance thereof shall be
Thirty 500 years thereafter.
ARTICLE III
The amount of the capital stock of this cor
poration shall be Twenty Five Thousand $685.
= OO) Dollars. the same to be paid in at such
times and places and in such manner and
amounts as may be called for by the board OF
directors OF this corporation.
ARTICLE "
p The highest amount of indebtedness or labili-
ty to which this corporation shall at any time
be subject. shall be the of Twenty Five
Thousand 1925 0000 0) Dollars.
ARTICLE " ~.
Fee. names ;sslt, llAeesS ORE, G.aace ~ The
persons forming this association Tor inco rpor;.-
ton are as follows: Lafayette I-anberson of
Warren. Minnesota. W Ills A. Knapp of War
rem Minnesota. and VIM. j. Brown Of Warren.
ARTICLE VI
The government Of this corporation and the
management OF it's affairs shall be vested in a
board of Three CD directors. each of whom
,hD1f hr ,r1yI o1I r>f ;,
Said board of directors of this corporation,
after the one herein named. shall be elected
from: and by the stockholders OF this corpora
ton at 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 .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 lobe held January 10th. 1905, at ten O'Clock
said board of directors. after said annual stock
holders meeting or at any adjourned meeting
OF the said board of directors: or at any special
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, a Vice-President q Secretary, and
said officers and directors. so elected as afore-
said, shall hold their respective,ottices for the
term of One % year and until their successors
are elected and have qualified. The same per.
son may hold the Office, at the same time, OF
and re OF vnG
The board OF directors of this corporation
shall have power and authority to enact by
laws regulating the manner of calling and con-
dncting meetings and elections providing for
the filling of vacancies in the said board of
directors. or any of the Offices OF this corpora
ton. adopting a corporate seal for the said
corporation or changing the same fixing the
powers. duties. and emOlulnents Of the officers
and agents Of the corporation, and regulating
all other matters deemed necessary for the
good government and management of the az
fairs of this corporation.
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 Vice
President. a Secretary and a Treasurer Of this
corporation and the said directors and the said
officers. so elected: si' III hold thar nertive
offices. aforesaid. until 5he Sc end Tues1 y il
January 1907 --..
g.. ARTICLE VII.
The number of shares in the capital stock of