Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1912-05-23
Articles Of Incorporation Of the
Scandal FARM HOME
ASSOCIATION
(of the Red River vaIIey.)

ASSOCIATION
(of the Red River valIey.)
We, the undersigned, for the pur-
pose of forming a corporation under
and pursuant to the provisions Of
Chapter fifty-eight (5s) Revised Laws
for Minnesota for 1905, and any
amendments thereof, do hereby asso-
clate ourselves as body corporate,
and do hereby adopt the following
Articles Of Incorporation:
Article 4.
Sec. l. The name of this corpora-
ton shall be Scandal FARM HOME
ASSOCIATION.
Sec. 2. The general nature of its
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
and loan money on real estate securi-
ty; 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
poration shall be in the city of War
rem, County of Marshall, State of
Minnesota.
Article II.
The time for the commence ent Of
this corporation shall be the Second
(2nd) day of May, Nineteen Hundred
and Twelve (1912), 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.
M. 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-
lund, NJ. J. Berget, John Lindberg,
Hans Metgard, Axel J. Nordstrom, of
Warren, Mimi; Israel Sjoberg and o.
B. Ekman, of Roseau, MINI.
Article ".
Sec. l.. The management of this
corporation shall be vested in Board
of Directors, composed of fifteen (15l
members.
Sec. 2. The names and addresses
of the first Board of Directors are: j.
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 Ri 2. Thief
River Falls, Mimi; G. Wahlund, L.
NJ. Olson, John Lindberg and Aug.
Lundgren, of Warren, Mimi; Frank
E. Dahlgren and John Dagoberg, of
Alvarado, Mimi.
Sec. 8. The first officers of this
corporation shall be: G. Wahlund,
president; Israel Sjoberg, vice presi.
dent; O. A. Naplin, secretary; L. M
Olson, treasurer.
Sec. 4. All of the above named Of
fcers and directors shall hold their
]
next annual meeting of the corpora
ton to be held on March 9Th, 1913, al
which time and annually thereafter, g
Board of Directors shall be elected
from and by the stockholders of this
corporation.
Sec. 5. Any vacancy in the BOARD
of Directors, or of the officers named
shall be filled by the remaining direc
tors or a majority of them, and such
person or persons appointed shall
! hold office until their successors ar:
duly elected and qualified.
Sec g. The annual meeting Of this
corporation shall be held at it's prin
cipal place of business on the frs
Wednesday in March in each year
Immediately after the election of di
Irectors, or as soon thereafter as prac
lticable, the directors shall meet ant
elect from their number presiden
and vice president, and from theil
number or from the stockholders {
Isecretary and treasurer. Any Office
Except that of president and vice
president may be held by any on
lperson.
| Sec. Z. The directors and officer!
Of this corporation shall hold thel
Irrespective Offices until their success
sors have been duly elected and en-
tered upon the discharge of their du
tiles.
Article v.
The amount of the capital stock o
this corporation shall be. Fifty Thou
sand (s50.00000) Dollars, which shall
he paid in,, in money or property o,
both, in such manner, at such times
land in such amounts as the Board o
Directors shall order The capita
stock shall be divided into two thou
sand $4,000 shares at the par valu
of Twenty-Five (s25.00) Dollars each
Article vi.
The highest amount of indebtedness
or liability to which this corporation
shall at any time be subject shall b.
the sum of Fifty Thousand ($50
IO00.00) Dollars.