The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-07-24
Notice Of Incorporation Of the Amer
lean Loan and Trust Company, Of
Cresco, Iowa.
Notice Is hereby given that we,

Notice Is hereby given that we,
. &C. K. berg, 4. c. Hjerleid.
have made, signed, acknowledged and recorded
articles OF agreement Incorporating ourselves
And such other pc 'SOns ~ may become our asSO-
der the General Incorporation laws 81 the state
Of Iowa.
The name OF the corporation shall be the
American Loan and Trust Company, with It's
principal ONCE at Cresco. Iowa.
The capital stock OF such corporation shall be
Two Hundred and Fifty Thousand Dollars 1885,
Hundred Dollars each l$i0O) and a. least sixty
Thousand Dollars tS6O,0O 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. AL shares OF stock
issued shall be paid In full at date OF issue. The
capital stock at any time to Five Hundred
Thousand Dollars t$50,ooN without giving fnr-
the COMPANY shan commence business on the
lirst day OF July. A, D.. 1890, and shall continue
for Twenty coy years thereafter, with option OF
succession for twenty years longer.
ton shall q no time exceed two-thirds Of its
paid up capital stock, except by the issue OF Its
debenture bonds, based on security for at least
ees duly appointed by the Board Of Directors. :.
liable for an additional amount equal TO the cap
ital stock held or owned BY such stockholders.
the purposes OF this corporation are as follows;
TO make and negotiate loans, upOn which II msy
give its guarantee OF payment or collection; g
DO general real estate. abstract. loan and col
chase, own and hold by deed or lease, real eS
tate; TO build On or otherwise improve the same
TO buy and sell real such estate and give deed.
therefOr;to Owna set OF abstract books and 70 ful
nlsh abstracts OF title to real estate situated IN
Howard County, Iowa; to loan money for itsel
on real estate mortgages and On stocks. bond
or other personal security, ana to make or ne
gOtiate loans for others; TO my ana sell such sc
curi;ies, to borrow money and TO issue It's owl
obligation therefor; to execute trusts; 10 erect
building for it's ONCE and to furnish the same
and to do any and oil acts necessary to be done Il
about the premises 70 carry into e.
Articles Of Incorporation and the Bylaw
which It may adopt.
The oficers shall consist OF . President, Vice
. President, secretary. Treasurer and Gener.
! as may be appointed b. the Boardof Director
from time to time,
The Board OF Directors shall consist OF five &
: Berg, the flrst Vice. President, VIM. Theophilu
the ftrSt Secretary and Treasurer, b. =. Davi
the nrSt General Agent, n. Il. Ling. The fir.
Board OF Directors shall be z. X. Berg, b. +. ID
. noibrook, and shall hold ONCE until the annu
election OF officers on the second Monday OF Jul.
A. ID. 1891, and until their successors are electe
and qualined. The election OF Directors al
Oftcers shall be held on the second Monday
The Hoard Of directors shall have charge
all property belonging to or owned by the Con
pany and have charge OF and manage and CO..
signed this thir d day orJune. A. d. 1890.
s. s. (. DAVIS DAVIS
H. HJEaLEID.
Nm. THEOPHlLUS.
S.A. uoLBRook.