The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1912-01-30
ARTICLES OF INCORPORATION OF
THE NORTHERN MINNESOTA
IRON AND LAND CO.

Know all men by these presents: That
we, the undersigned, have and do asso-
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. F| =
ARTICLE I.
Name.
The name of this corporation shall
be the Northern Minnesota Iron and
|! Land company.
ARTICLE II.
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
board of directors of this corporation
may from time to time establish.
ARTICLE III.
Duration.
The period Of the duration Of this cor
poration shall be thirty 500 years from
and after the first day Of January, 1912.
ARTICLE ~.
Business.
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
err 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
emily connected herewith, and to own,
purchase, manage, mortgage, option,
lease and sell lands, tenements, and
hereditaments, and to plat, sub-divide
and lay out townsites and additions
thereto.
ARTICLE V.
Time of Commencement. ~
The date Of the commencement of this
corporation shall be the first day Of
February, 1912.
ARTICLE vi.
The names and place of residence of
the incorporators are as follows: Lloyd
G. Pendergast, Hanna T. Pendergast,
Jessie NJ. Pendergast, Alice Pendergast,
r. H. Pendergast, P. j. Russell, and
Clare S. Todd, all of Bemidji, Beltrami
county, Minnesota; Phillip S. Fender
Florence Middleton, Pierre, South Da-
kota; and A. H. Delap.> Of Northome,
Minnesota.
ARTICLE VII.
Management
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 time the board Of di-
rectors shall be elected by the stock
holders
The board of directors, so elected by
the stockholders, shall, Immediately af-
ter their election, hold 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. Ess,
The board Of directors and the officers
shall hold their offices for 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.
The names and addresses of the per
sons who shall constitute the first
board of directors are as follows: Lloyd
G. Pendergast, T. H. Pendergast, P. J.
Russell, Glare 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
poration: President, Lloyd G. Fender
CAST; vice-president, A. H. Delap; treas
urer ana .:.....:.:.:; secretary, y J.
offices until the first annual meeting
provided in Article VII.
ARTICLE VIII.
Capital Stock.
The amount Of capital stock Of this
company shall be fifty thousand ESQ.,
0O0) 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
board Of directors, and shall be nom
lassessible.