Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1912-05-30
Articles of Incorporation OF the
Scandal FARM HOME
ASSOCIATION
(of the Red River vaIley.)

/ tot the Red River vaIley.)
We, the undersigned, for the p,1r
pose OF forming corporation under
and pursuant to the provisions of
Chapter ffty-eight (58J Revised Laws
for Minnesota for 1905. and any
amendments thereof, do hereby asso-
ciate ourselves as a body corporate.
and do hereby adopt the following
Articles of Incorporation.
| Article |.
Sec. l. The name of this CORPORA
ton shall be Scandal FARM HOME
ASSOCIATION.
Sec 2. The general nature of it's
business shall be to advertise the re-
sources of the Red River Valley: to
encourage and promote immigration:
to buy, sell, mortgage. hold, lease.
grant, let, convey, improve and deal
IN lands and tenements: to borrow
ana loan money on real estate securi-
Ity; to acquire, hold, sell, hypothecate.
assign, transfer and carry any securI-
ty Or obligation of itself or of any
other person or persons, firm or cor
poration.
Sec. 3. The principal place of
transacting the business of this cor
poratlon shall be in the city OF War
rem, County Of Marshall, State of
Minnesota
Article II.
The time for the commencement of
this corporation shall be the Second
t2nd) day of May. Nineteen Hundred
and Twelve 191zl, and the period of
its duration shall be thirty 600 years.
Article Ill.
The names and places of residence
of the persons forming this corpora
ton are: J. A. Swenson, n. D. Swan
son and E. A. Johnson, of Hallock,
Mimi; o. A. Naplin and P B. NAL
berg, of Thief River Falls, Mimi; c..
NJ. Carlson. Of Strandquist. Mimi;
Frank E. Dahlgren and John Dago.
berg, of Alvarado, Mimi, P. A. Ris-
berg, of Holt, Mimi; S. w. Wright,
Gust Wickman, Chas W. Anderson.
Aug. Lundgren, L. NJ. Olson, G. Wah-
1und. NJ. ]. Berget, John Lindberg,
Hans Metgard, Axel J. Nordstrom, of
Warren, Mimi; Israel Sjoberg and O..
B. Ekman, of Roseau, MINI.
Article ~.
| Sec. I. The management of this
corporation shall be vested in Board
of Directors, composed Of fifteen (15i
members
Sec. ?. The names and addresses
of the first Board of Directors are: ].
A. Swenson, N. D. Swanson and E. A.
johnson, of Hallock, Mimi; Israel
sjoberg and o. B. Ekman, of Roseau,
Mimi; O. A. Naplin, of Thief River
Falls, Mimi; c. NJ Carlson, of Strand
quist, Mimi: P A. Risberg, of Holt,
Mimi: P B. Malberg, of Rt. 2, Thief
River Falls, MINI; G.. Wahlund. l..
NJ. Olson, John Lindberg and Aug.
ILundgren, OF Warren, Mimi: Frank
E. DahIeren and John Dagoberg. of
EAIvarado, Mimi
Sec. s. The first officers of this
corporation shall be: G. Wahlund,
president; Israel Sioberg. vice presi-
Edent: 0. A. Naplin, secretary; L. NJ
EOlson, treasurer
Sec. 4. All Of the above named Of
fcers and directors shall hold their
respective Offices aforesaid until the
next annual meeting Of the corpora
Ition to be held on March 5th. 1918, at
which time and annually thereafter, a
Board of Directors shall be elected
from and by the stockholders Of this
corporation.
i Sec s. Any vacancy in the Board
LOT Directors, or of the officers, named
|shaH be filed by the remaining direc-
tors or majority of them, and such
tperson OR persons appointed shall
hold Office until their successors ara
duly elected and qualified.
Sec. 6. The annual meeting Of this
! corporation shall be held at it's prin
cipal place of business on the first
Wednesday in March in each year
, Immediately after the election OF oil
Irectors, or as soon thereafter as prac
, lticable, the directors shall meet ane
elect from their number a president
and a vice president, and from theil
. number or from the stockholders 5
secretary and treasurer. Any office
except that of president and vic|
!, president may be held by any ons
!. person.
Sec. {. The directors and officer:
of this corporation shall hold thel
respective Offices until their success
! sors have been duly elected and en-
! tered upon the discharge of their du
ties.
Article v.
The amount of the capital stock o
this corporation shall be Fifty Thou
sand (S50,0000o} Dollars, which shall
be paid in, in money or property O
: both. in such manner, at such times
: and in such amounts as the Board o
! Directors shall order. The capita
3 stock shall be divided into two thou
= sand (2,00o) shares at the par valu
: of Twenty-Five {S25.00) Dollars each
\ Article vi.
? The highest amount of Indebtedness
: Tor liability to which this corporation
: shall at any time be subject shall b
!. 1.-THE sum of Fifty Thousand (s5o
E0o000) Dollars.
: In Testimony Whereof, we hav
!, Ihereunto set our hands, this Twenty
: Fifth (25thl day of April, Ninetee
{ Hundred and Twelve (1912l.
In presence of
F. C. Wittensten.