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

uhuef anO IN accordance With the require
ter Thir y-four (34). of the General Statutes OF
MlnneSOta Tor 1894 and acts amendatOry there
20, r we,:the UNDERSIGNED; do hereby associate
following articles of incorporation.
ARTICLEL
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
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-
STRUGGLING thereon dwelling houses and other
buildings, erectons and structures and other
wise to enhance. build upon or improve or cu-
tlvate the same by every extent. or as such
corporation may deem proper advantageous,
and may sell, convey, lease, hold. mortgage or
lands. tenaments. Entertainments. real mixed
and personal property or estate. or any OF
them or any right Or interest therein, at pleas
ure and in such manner and on such terms as
such corporation may determine by its board
OF directors, or establish by it's bylaws; and for
mat purpose may make and deliver, and in like
properdeeds: eonveyanees, MORTGAGES, leases,
ana other Contracts and writings obligatorv'
s %u ay ioan money or funds either for them
m naTssn! vs. ~ agent for others, and receive.
repayment OF the same, and in connection
herewith. may purchase. acquire, hold. sell.
hypothecate assign. transfer. and convey any
obligations of this corporation or OF any other
person or corporation which are secured by
mortgage or otherwise. and may collect, FORE
close. compound compromise. lease. satisfy
and discharge the same OF record and this cor
pOratiOn shall have and exercise all necessary
rights. franchises, muniments, estate. powers
and privileges necessary for any of the pur-
poses aforesaid.
i 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
ton shall be the End day of March A. d. 1904,
and the period of continuance thereof shall be
Thirty 600 years thereafter
ARTICLE ILL.,
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 ".
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 (S25O0O. 0tO Dollars. ..<.
ARTICLE V. - 49,
'Tne.names .i.ti llAces offGre, ie.eaoe, ~ 5tbe
persons forming this association Tor ncorpor;I-
ton are as follows: LAFAYETTE 1-amberson of
rem Minnesota, and VIM. j. Brown of Warren.
Minnesota.
ARTICLE VI
The government Of this corpora ton and the
management OF it's affairs shall be vested in a
shall be stakeholder of this corporation
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 w arren,in marshall County; Minnesota
at ten o clock A. NJ on the second Tuesday in
January in each year hereafter. the first meet
ing to be held January 10TH 1905, at ten O'Clock
A. M, of that day. At the first meeting of the
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, Vice-President d Secretary, and
q Treasurer Of this corporation Each of the
said officers and directors so elected as afOre-
said shall ho1d their respective offices tor the
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
ducting 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 corporate seal for the said
corporation or changing the same fixing the
powers. duties and emoluments Of the officers
and agents of the corporation. and regulating
all other matters deeme1 necessary for the
good government and management of the af-
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 Lambel 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 Il President. Vice
President. a Secretary and a Treasurer Of this
corporation and the said directors and the said
officers SO elected: So III hoi thar 40 7,ertive
offices, aforesaid. until The Sc end Tues1 il
January, 1903.
ARTICLE VII.
The number of shares in the capital stock Of