The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1912-01-29


I Know all men by these presents: That
we, the undersigned, have and do assoc
ciate ourselves together for the pur-
pose Of forming corporation under the
laws Of the State Of Minnesota, and to
that end. do hereby adopt these Articles
Of Incorporation &,
Name
The name of this corporation shall
be, the Northern Minnesota Iron and
Land company
ARTICLE III.
| Place Of Business.
The principal place of transacting the
business of this corporation shall be in
the City Of Bemidji. Beltrami county,
Minnesota, with SUCH other branch Off
ces, within or without the state, as the
may from time to time establish.
ARTICLE III.
Duration
The period Of the duration of this cor
poration shall be thirty l30) years from
and after the first day Of January, 1912
ARTICLE IN. q
! say @ezEf a., Business. l
The general nature Of the business of
this corporation shall be to own, buy
mortgage manage, option, lease, sell,
improve and operate iron, coal and 9TH
| Ell mineral lands in the counties Of Itas.
ca and .Koochiching, in the State Of
| Minnesota, and such other business as
may be incidental thereto or convent
jently connected herewith, and to own,
! purchase manage, mortgage. option,
lease and sell lands, tenements, and
and lay out tOwnsites and additions
thereto. ae -
s -.sE ~ ARTICLE v.
~ Time of Commencement.
The date of the commencement of this
corporation shall be the first day Of
February, 1912, - -. -s.. =.
The names and place Of residence of
| the incorporators are as follows: Lloyd
G. Pendergast Hanna T. Pendergast,
Jessie NJ. PendergastsAs5 Alce Pendergast,
r.. H., Pendergast, P.f j.. Russell, and
Glare S. Todd, all of Bemidji, Beltrami
county, Minnesota; Phillip S. Fender
CAST of International Falls, Minnesota;
! Florence Middleton, Pierre, South Da-
kota; and A. H.. Delap. of Northome,
Minnesota. I. - {
: ~.s.-,e. :. - ARTICLE VII.
Mana cement. = 1911
The management Of this company
shall be vested In a board of directors,
consisting of seven members who shall
be stockholders in the corporation.
The date of the annual meeting Of
the stockholders shall be. the first Tues
day after the first Monday of January
of each year. commencing with the year
1912, at which timeZssthe board Of ); di-
rectors shall be elected by the stock
holders. - --s~ 80
The board of directors, so elected by
the stockholders, shall, Immediately af-
ter their election, holH an annual meet
ing, at which time The said board of
directors shall elect the other officers
of the corporation, consisting of a
president, vice-president, secretary and
treasurer. -. ,..-. ..,&s-. ;. ..= IS 3
The board Of directors and the officers
shall hold their offices for a period of
one year, or until their successors are
elected; and in case the board Of di-
rectors and officers are not elected as
herein provided, special meeting of
tie stockholders, or the board of di-
rectors, as the case may be, may be
called for that purpose. j..
The names and addresses of the per
sons who shall constitute the first
board of directors are as follows: Lloyd
c.. Pendergast, T. H. Pendergast, P. j.
! Russell, Clare S. Todd; and Hannah T..
Pendergast, all of Bemidji, Minnesota;
Phillip S. Pendergast, of International
| Falls, Minnesota; and A H. Delap, of
| Northome, Minnesota; and the follow
| ing shall be the first officers of said cor
pora tion:. President, Lloyd. G.. Fender
CAST; vice-president, a. II. Delap; treas
urer and ...........t.; secretary, P. J.
Russell; who shall hold their respective
offices until the first annual meeting
provided in Article VII. . Il :
ARTICLE WIZ. { -
Capital Stock. Il
The amount Of capital stock of this
company shall be fifty thousand &C.,
000) dollars, divided into five thousand
shares of the par value of ten ($1O.0O)
dollars each,. which said stock shall be
issued and sold at sucn times and in
such manner as may be directed by the