The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1909-11-18
ton shah be the Minnesota Cedar Timber

ton shall be the Minnesota Cedar Timber
Al ARTICLE (a 1.-The principal pl ace Of bust
ARTICLE IlI.-The general nature of the
business TO be transacted BY this corporation
acquire timber lands. tracts and rights, and
and to sell or otherwise dispose OF the same:
to buy. sell. export import; boom. drive. saw
timber. logs lumber and wood OF all kinds:
to build. buy. sell. charter. equip. operate
and own steamboats, and barges and other
and navigation; to bur. lease. erect or other
wise acquire maintain and operate and sell
saw mills and lumber yards. Also manu-
lath. shingles. telegraph telephone. trolley
ties tie; piltng. cord wood and pulp, wood. and
featured from wood. and generally to carry
on business as saw mill properties; timber
and lumber dealers; to engage ia the bust
ness OF selling goods. merchandise. lumber
and lumber products commission mer-
chants and general selling agents: particu-
Iar'y to act as agents or brokers for the sell
above mentioned products: to construct.
erect. equip; repair. buy. sell. and improve
raways brdses teiephone tefe
graph, ELECTRIC light. trolley lines and fences.
ARTICLE IV.-This corporation shall have
to the transaction Of all the lines Of business
for which it has been organized and incor-
porated. or which by amendment to these
articles 1t may be authorized to transact.
including the power to borrow money and
to issue Its negotiable notes or other evidence
OF .uch indebtedness buy and sell real estate.
and pri7eeees gTaeted by Lave or
which may be hereafter granted to corpora
to tiSns orea q lie! for pecuniary profit under
for the e year year 1905 and Amendments thereto:
ARTICLE V:-The amount OF the author
sum Of Twentyc67e Thon a poiiars cs25oo0
diyided into two hundred and fifty shares
ESQ each share Of the par value of One Hun
corporation may be subscribed and paid for
by individuals or corporation. doing a like
business. and shall be subscribed and paid
property. said payments, to be made from
time to time as the Board of Directors mar
direct and no stock shall be issued as paid
up stock at less than its par value, and this
corporation shall be authorized to commence
business when ten per cent of its capital
stock has been subscribed for.
,nanca ito ahis c9r9 Pc sna con- IN
18th of November. A. D. 1909 and shall con-
tinue for the term Of thirty, years thereafter
law unless sooner dissolved By a vote Of no
less than two-thirds Of the stock then out
ARTICLE v11.-The affairs of this cor
poration shall be conducted by a board of not
less than three no more than five directors.
Within said limits. the number Of directors
may be fixed by, the stockholders at any
regular or special meeting; until otherwise
fixed by the stockholders. the board of direct.
SD all consist Of three members. The board OF
| business and affairs Of this corporation. and
all OF the powers of this corporation are
Vested Vested, IN its beard Of directors except as
| OF this corporation. and subject to such
action restricting said powers as may be
taken from time to time BY the stockholders.
q m al Nr 0< oil oil {r1C
| duly called therefore. The directors of this
| corporation may delegate their powers and
may in writing authorize others to act for
| meetings Of its board of directors provided.
however. that the stockholders of this cor
may at any tine limit restrict
directors. and while SO limited Or restricted
said power shall only be delegated pursu ant
prohibited. it shall not be delegated during
! the Continuance of such prohibition.
! ARTICLE VIII.-The officers OF this cor
sha
| appoint cashier and executive committee
and such other officers as the convenient
on @
shall hold office for one year. or until their
successors are chosen and qualified. and any
directors. may be filed by the remaining
person thus chosen to fiji such vacancy is
|
an annual or special meeting. and has duly
ARTICLE Ix.-The board of directors of
| this corporation shall be elected at the annual
meeting Of the stockholders. which shall be
! held on the second Tuesday of January in
each year. commencing with the year A. D.:
| such hour as may be fixed by the directors or
| by the bylaws. The officers of this corpora
ton shall be chosen by, the directors. at the
annual meeting of the directors: which shall
be held each year Immediately after the
| annual meeting Of the stockholders Until
the annual meeting Of the stockholders. in
| the year A. D. 1911. and until their successors
are chosen and qualified W. G. Church. resi-
dence Des Moines, Iowa: F. I: Townsend.
tute the board Of directors of this CORPORA
ton. and its officers shall be W., G: Church
f. L. Townsend. vice President. Richard
| ARTICLE Especial meeting of the stock
Board of Directors by giving five days
notice by registered letters addressed to the
last known address of each stockholder. which
| and no business shall be transacted by such
meeting except such as it mentioned in the
ARTICLE XI.-Each director shall be q
| stakeholder and if any director shall cease to
be a stakeholder. he shall forthwith. By
virtue Of the fact. cease to be a director.
ARTICLE XII.--At all meetings of the
stockholders. each stockholder shall be
| entitled to one vote for each share of stock
| held by him. which votes may be cast eli her
in person or by proxy duly authorized in
| writing.
| ARTICLE XIII-The highest amount of
| Indebtedness to which this corporati-n shall
| at any time subject itself shall be an amount
| not in excess Of two-thirds of the capital stock
| then issued and outstanding.
| ARTICLE XIV.-The private property of
the stock holders Of this corporation shall be
| exempt from corporate debts.
| ARTICLE XV.-These articles may be
! ammended at any annual meeting Of the
stockholders or at any special meeting called
| for that purpose. but no such amendment
| shall be made without the affirmative vote
in it's favor Of a majority of the shares of
| stock then outstanding.
| ARTICLE XVI.-The board of directors
| are authorized to adopt such bylaws as they
| may deem eXpedent for the further govern
| ment of this corporation. not inconsistent
with the provisions hereof.
In witness whereof we have hereunto sub
| scribed our names on this 18th day of October
A. D. 1899
W. A. CHURCH.
| F. L. TOWNSEND,
RICHARD LEFT,