The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1884-06-19

We, the undersigned do hereby associate our
selves together for the purpose of Incorporation
under the provisions of Title Two (2) of Chapter
State of Minnesota Of 1878 and the amendments
thereto, and to that end do hereby adopt the
following Articles of Incorporation:
ARTICLE I.-NAME.
The name of this Incorporation shall be the
minnesota Loan and Investment Company"
ARTICLE II.-PURrOsE OF ORGANIZATION
The object and the general nature of the business
Of said corporation shall be the negotiating of
loans on Real Estate security on which loans the
SAD corporation may or may not give its guar
antee Of collection; the investment OF money in
Real Estate Or other securities, for itself or any
person or persons: company or corporation; to
own, purchase aud sell such real and personal
property us shall be necessary for its own ,se Or
benefit, or necessary for the collection or Sc
culiy OF any debt or debts, or claim or claims.
owing to, or in which said corporation may have
an interest; to issue Dcbentl,rcs and do other
business lawful for such corporation
ARTICLE III-PLACE OF BUSINESS.
The principal place of tranSacting the bust
ness Of said corporation shall be WOrthingtun
Mobiles Co.. Mimi
ARTICLE " DURATION
The commencement Of this corporation shall
be june 1Gth 1854, and it shall continue thirty
years.
ARTICLE V.--CApITAL STOCK.
r Tnr Sa he of oN 81 :1 Hi 6" a s?g2
DoILAES: Cs1oo,ooo) fifty per cent. of which
shall be paid in 1T the time OF substitution. and
the remainder thereof upon the call of the Beard
from time to time oONE MILLION DOLLARS
by the Board Of Directors when authorized so to
do by Il vote OF threc-fOurtllS of the stock.
ARTICLE NI.-INDEHTEDNESS
The highest amount of indebtedness or !ia',il-
ity To which this corporation >lll at any time he
subject shall he two-!Eit!> Ct the capital stock
ARTICLE NH.-iN 'oEron.rnEs.
The na'i!e> and places CT re. ,idcnce of tie per-
tiun are IL, follows:
f !. z 70! & R iHGy. ""'''"; +" 'i""
tAN!i-i! Nf ELi-, co
ii Mons + TX Gn; "a DO DO
GEO. .. MOORE, do
{. ". SMITH. Go
ARTICLE ViII.--DrsE<Tcrs.
The names Of the FIST Board CT directors CT
this corporation are
{. II. Smith. Mons GlinaScr. Geo W. Wilson.
and Geo. O. Moore who shall hold their Offices
Until the annual n1cc:in. liz Jane 1881.
ARTICLE IN.-GoTERSMEST.
The government OF said corporation and the
management Of its affairs, shall lie vested in i,
Board OF Directors tOcOnSiSt of seven III number.
who Shall be elected by ballot by. the Stock
holders annually OF the first Tuesday after the
first Monday in June of each year and hold their
Offices until their successors arc duly elected.
4 majority shall constitute, a quorum. The
earring i'll the same until the following annual
meeting
ARTICLE X.-OrrIcERs
The officers Of said corporation shall be Il
President, a Vice President, Il Secretary and
such other officers and clerks as shall from time
to time be appointed by the Board of Directors
all Of whom except the President and Vice Pres
Of the Board Of Directors. The President ana
Vice President shall be elected annually by the
Board Of Directors from their own number.
ARTICLE NI.-SHAREs.
The number and amount of the shares in the
capital stock OF said association shall be One
Thousald shares OF One Hundred Dollars each.
In witness whereof we have hercunto sub
scribed our names and affixed our scalstl, 10th
day Of June. A: d. 1851.
J. p. MOULTON, SEAL
DANIEL SHELL, sEAL.1
G. II. SMITH, fsEAL.1
MONS GRINAGER, TsEAL.1
GEO. w. WILSON, SEAL
G. w. SMITH, SEAL
GEO. .. MOORE, sEAL.1
In the presence of L.. NJ. Lange and l. p.
Durfcc.
STATE co, @E , 5f SS5iss' IS.
BE it remembered. that on this 10th day of
June, A. d. 1884, personally appeared before the
undersigned. a Notary Public in and for said
county, the above named Geo. ID. Dayton, j. p.
MOulton Daniel She'll G. H. Smith Mons Grin
ager. Geo. W. Wilson, Geo. q. Moore and G. w.
Smith. the persons named us incorporatOrs in
the foregoing Articles of Incorporation and to
| me well known to be the identical persons
named therein and who executed the same and
they sevcral'y ac acknowledged that they executed
the same as their free act and deed, and for the
[SEAL.l L. NJ, LANCE, Notary Public.