At 1357 Central time, the airplane was destroyed on impact with terrain following a loss of control during takeoff from Runway 30 at the William John Bell Airport, (M16). The Instrument-rated Commercial pilot and his two passengers were fatally injured. The flight was intended as a ferry flight to have required maintenance performed. Visual conditions prevailed. All aircraft components of the 1964-vintage airplane were original equipment on the aircraft since new and showed a total time according to the logbooks of 5123 hours. Several witnesses reported hearing abnormal engine sounds during the takeoff. At approximately 100 feet agl, they also heard a pop or bang followed by an immediate right wing drop to approximately a 60-degree angle of bank, followed by an immediate nose-down attitude to near-vertical.