Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1915-06-16
OF INCORPORATION


LOAN COMPANY
For the purpose of organizing a
corporation under and in accordance
with the requirements and provisions
of Chapter fifty eight of the General
Statutes Of Minnesota for the year
1913, and acts amendatory thereof,
we, the undersigned, do hereby assoc
ciate ourselves together and do adopt
and sign the following Articles of In
corporation.
ARTICLE /.
The name of this corporation shall
be PIONEER LAND AND LOAN
COMPANY.
ARTICLE II.
The general nature of the business
Of the said corporation shall be the
buying, owning, improving, selling
and dealing in land, tenements, and
Entertainments, real, mixed and per-
sonal estate, and property; and for
the purpose may have, own, purchase,
receive, possess and retain to itself
and successors any of the said pro-
perty, and may use and enjoy the
same, and the same improve by erec-
ting and constructing thereon dwell
ing houses and other buildings, cree
tlOns and structures and otherwise to
enhance, build upon or improve or
cultivate the same by any extent, or
as such corporation may deem proper
or advantageous, and may sell, con-
vey, lease, hold, mortgage or other
wise dispose of, charge or incumber
such lands, tenements, hereditaments,
real, mixed and personal property, or
estate, or any Of them, or any right
or interest therein, at pleasure, and
in such manner and on such terms as
such corporation may determine by
its board Of directors or establish by
its bylaws; and for that purpose may
make and deliver, and in like man
ner accept and receive, all necessary
and proper deeds, conveyances, mort.
cages, leases, and other contracts and
writings obligatory, and may loan
money. or funds either for themselves
or as agent for others, and receive,
mortgage, pledge, or otherwise give
or receive security for the repayment
of the same and in connection there
with, may purchase, acquire, hold,
sell, hypothecate, assign, transfer,
and convey any obligation or obliga-
tons Of this corporation or of any
other person or corporation which are
secured or otherwise, and may COL
lect, foreclose, compound, compromise,
release, satisfy and discharge the
same Of record; and also buying and
dealing in grains, cereals, -four, feed
and other agricultural products; buy
ing and selling wood, coal and bind
ing Irvine; and buying and selling all
kinds of merchandise; and this cor
poration shall have and exercise all
necessary rights, franchises, NUM-
ments, estate, powers, and privileges
necessary for any Of the purposes
ATICLE III.
The principal place of transacting
the business of this corporation shall
be the City Of Warren, in Marshall
County, Minnesota.
| ATICLE ".
The time of commencement of this
corporation shall be the first day of
July;fA. D. 1915, and the period of
continuance thereof shall be thirty
years thereafter
ARTICLE V.
The amount of capital stock of this
corporation shall be Fifty Thousand
Dollars, fully paid up, in cash.
ARTICLE vi.
The highest amount Of indebted
ness#or liability to which this corpora
ton shall be at any time subject, shall
not exceed the sum of One Hundred
Thousand Dollars.
ARTICLE VII.
The names and places Of residence
Of the persons forming this associa-
ton for incorporation are as follows:
w. A. Knapp, Of Warren, Minnesota,
c. III. Hopwood, of Warren, Minnesota,
and D. H. Erhard, Joliet, Illinois.
ARTICLE VIII.
The governing Of this corporation
and the management Of its affairs
shall be vested in a board of three
directors, each of whom shall be a
stakeholder of this corporation. Said
board Of directors of this corporation
after the one herein named, shall be
.lelected from and by the stockholders
lof this corporation at the annual
Injecting Of the said stockholders
(which shall be held at the principal