The Bemidji daily pioneer., 1922-12-04

elevator, accident, fidelity,
debt, burglary, physteian,s :, defense; nssa
ali other kinds OF insurance on proper
agency and brokerage business. includ-
ing the managementfof estates; to- act
as agent; broker or attorney in fact for
any persons or corporations In buying
selling. and dealing in real property and
any and every estate and interest,"
therein and chooses in action secured
thereby judgements resulting there
from, and other personal property col
lateral thereto, in making or obtaining
loans upon such property, in supervis-
ing, managing and protecting such
property and loans and all interest in
and claims affecting the same, IN er-
lfecfing insurance. against fire 4and all
other risks thereon, and in managing
and conducting any legal actions; pro-
ceeGings and business relating TO any
of Sthe purposes herein mentioned or
RETIRED to; ito. Investigate and report
upon the credit and financial solvency
and sufficie1dys OF borrowers and sur
tetteS upon such securities; to- purchase
and hold real propertyf and any ana
every estate and interest therein, ana
chooses insactfon secured thereby. 1udg-
mehts resulting .therefrom, and other
PERSONAL property Collateral thereto; to
i'm prove, manage, operate, sell mort-
gage, lease tand otherwise dispose OF
any property. SO acQuired;s to loan upon
such property, and to take mortgages
and assignments of mortgages of the
same; and to transact all or any other
business which may be necessary or
incidental or proper to the exercise OF
any or all Of the aforesaid purposes of
the e*corporation:. -, x <,
The principal place Of transacting
the: business Of this corporation shall
be the City of Benlidji County of Bel
trami and State of: Minnesota. e.:
F: - : .s'' ARTICLE ~
: The time for the commencement OF
this corpora tion shah be the first day
of December, A. sD:ts1 922,saand the per
iod Of it's duration shall be thirty (30)
years from said date.eis
EARTIGLE%V vs.. =
The names and places of residences
alton. are as follows: ]. 2. Lahr, Hal,
Ian huffman, and ca. Huffman, all
residing in BemidY.. Minnesota.
ARTICLE VI =.
The management Of. this corporation
shall be vested ina Board of Directors
composed Of not less than Three t33
nor more than Five. 60 members The
names and addresses Of the first Board
of, Directors are: as follows: -
&; j. P. Lahr., Bemidji Minnesota.
y HaAan Huffman. Bemidji MINI.
|. = C. A. Huffman, 1Bemidji, Minnesota
3 The first officers Of this corporation
shall be, J. P. 'Lafr, President Hallan
Huffman,. Vice-President,S c. a. Huff
man. Secretary and Treasurer. -
ALI of the above officers and direct
orss shall hold their, respective offices
aforesaid until the next annual meeting
Of: the-s: corporation to be- held on the
third Tuesday of January. 1929, at
the hour of 10 A. NJ at which time and
annually thereafter aboard Of Direct
ors shall be elected from and by the
u To-, Yof
~ The annual meeting Of this corpora
tion shall be held at the: office of the
corporation in the City of Bemidji. Bell
-trami County, Minnesota, on the third
Tuesday of January, at the hour OF
1000 A. NJ. of each year hereafter. -.
Immediately after. the election or
Directors. or as soon. thereafter as prac-
teal. the Directors shall meet and elect
from their. Eu naber,. "a President, a Vice
President and a. Treasurer. and from
their number or from the stockholders,
a Secretary. Any office except that Of
President and: Vice PRESIDENT: may be
held by one person.: -.
> The Directors and Officers OF this
corporation shalt hold their respective
offices until their SUCCESSORS have been
duly elected and entered upon the dis
charge of their, duties 5;z
= The first. meeting OF the stockholders
and Board of Directors shall+he, held at
the office of said corporation in the
City Of Bemidji. Beltramfs County, Min
nesota; on the 1st day o. December, A.
q. 1922 at the hour Of 1900 a. NJ. and
1900 A. M regpsefiyelyi sT4Gt y yi1 ,>' :-= ,.
3 The amount of the capital stock of
this corporation shall be Fifty Thous-
and ($5Q, 900.00) dollars, divided into
Five Hundred (500) shares of the par
value Of One Hundred (s1ec.00) dollars
per share. which stock shall be, paid in
q