The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-07-10
Notice Of Incorporation Of tho Amer
lean Loan and Trust Company, of
Cresco, Iowa.

Notice is hereby given that we,
2. Z: Berg, \. g. MJereid,
have made, signed, acknowledged and recorded
articles OF agreement Incorporating ourselves
and such other pc sons as may bccone our as6O-
der the General incorporation laws 81 the state
The name OF the corporation shall be the
American Loan and Trust Company, with Its
The capital stock Of such corporation shall be
Two Hundred and Fifty Thousand D0llarst$250
Hundred Dollars each lsIOO) ana a least sixty
Thousand Dollars s8D,OOO) OF said Capital shall
be subscribed and paid In before commencing
issued and sold from time to time as the Board
OF Directors may determine. All shares OF stock
issued shall be paid In full ut date OF issue. The
q 70 -
Thousand Dollars t$sOo,ooN without giving FUR
Their notice,
frst day Of July. A. D., 1890, and shall continue
for Twenty tsoi years thereafter, with option of
succession for twenty years longer.
The amount OF indebtedness OF the corpora :
tiOn shall at no time exceed tw0-thirds OF Its
paid up capital stock, except BY the issue Of It's
debenture bonds. based on security for At least
an eqaal amount. placed in the hands Of Trust-
eeS duly appointed by the board OF Directors.
The private property 0f stock holders SHAH pc
liable TOR an additional amount equal 70 the cap
ital stock held or owned by such stockholders.
To make and negotiate loans, upon which II mey
| give It's guarantee OF payment or collection; 20
do . general real estate, abstract. loan and col
lection business, and shall have power 70 pur.
chase, own and hold by deed or lease, real cs-
tate; to build On or otherwise improve the same;
| TO buy and sell real such estate and give deeds
therefOr;t0 owna set OF abstract books and to fur
nish abstracts OF title TO real estate situated In
Howard County, Iowa; TO loan money for itself
| ON real estate mortgages and ON stocks. bonds
/ or other personal security, and to make or ne
g0tiate loans for others; to buy and sell such Sc
/ curt:ieS, to borrow money and to issue It's own
building for its ONCE and TO furnish the same
and to do any and all acts necessary to be done In
or about the premises to carry into effect the
objects OF this corporation as provided In It's
| Articles OF Incorporation and the Bylaw
The officers shall consist OF q President, Vice
President, secretary, Treasurer ana Genera
Agent, and such other assistant oficers or ageut
ssma w.; ne =. appointed oy the Board Of Direction
The Hoard Of Directors shall consist OF five &,
persons. The first President shall be Z. X
Borg, the first Vice. President, VIM. Theophilus
the nrst General Agent, i. 4. Ling. The ms
Board OF Directors shah be G. X. Berg, B. +. Da
Wis, II. c. Hjerleid. William Theophills and 8. A
nolbrook. and shan hold ONCE until the annua
A. D. 1891, and until their successors are electa
and qualified. The election OF Directors ant
OniceTs shall be held on the second Monday Q
July In each year.
all property belonging 70 or owned BY the Com
pany and have charge Of and manage and con
Isl signed ri this tnir day orJune. A. D. 1890.
G. X. beng.
n.C. HJEkLEID.
Nm. THH0PHlLUS
| So 6olnlQQk.