Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1892-03-11
ARTICLES OF Incorporation
). OF THE
HOME BUILDING COMPANY.

KNOW ALL MEN BY THESE Presents: That
the undersigned do hereby associate themselves
as acorporatton under Title Of Chapter "a OF
the Generai Statutes OF the State OF minnesota
and acts amendatory thereto.
FIRST.
The name Of this corporation shall be the
"HOME BUILDING COMPANY"
The general nature OF the business Of this cor
poration shall be the buying. owning, improving,
selling and dealing In lands. tenements and beri-
dttaments real mixed and personal estate and
property: and tO.improve the same BY erecting
ana constructing thereon dwelling houses and
otherwise to enhance build upon and improve
the same to every ext tent and purpose as may be-
come necessary, or as this corporation may deem
lease. let or otherwise dispose OF its property on
snch tel ms as the board Of Directors may deter
mine or establish by Its by-lays: And this cor
po[ation may loan money ana iunds ana secure
such loan by mortgage or other security. and
may buy and sell mortgages. bonds and stocks.
and exercise all necessary rights. franchises. mu-
namenss. estates powers ana ~. privileges necessary
principal place Of transacting the business OF the
corporation shall be in the City Of Little Falls in
Morrison County. Minnesota.
SECOND.
The time OF the commencement Of said corpora
lions hall be the 25th day OF March: A. ID: 1892
and the period Of its continuance shall be thirty
1897 years.
THIRD.
The amount OF the capital stock OF this corpo-
ration shall be Fifty Thousand Dollars $780, OOe).
and shall BE- paid In as called for by the board OF
directors, and the said corporation may COM
mence business whenever Twenty-Five Thousand
Dollars O00) of the capital stock is subscribed
for.
FOURTH.
The highest amount OF indebt edness or liability
subject Is the sum i Fifty Thousand Dollars
\$OU,UCU). :. EiSS
=, FIFTH.
The names and places Of residence OF the per-
sons forming said corporation are A: R. David
son. Drew Musser. Clarence I. McNair, NJ. NJ. Will
liams. ". NJ. Fuller. E, y. Williams. c. a. Weyer-
haeuser. ]. II. Rhodes, G. Iindbergh. all OF
Little Falls. Morrison County, Minnesota, and
Sno c,; A. Berkey md Egbert g. Handy. both OF St.
SIXTH
The names OF, the first board Of directors OF
this corporation shall be 4. Il. Davidson, f. o.
Williams. Jno. A. Berkey. NJ. NJ. Williams, Drew
Musser. c. A. Weyerhaeuser and W. NJ. Fuller.
management OF it's affairs shall be vested in a
board OF directors Of seven stockholders Of said
corporation. who shall elect q president, vice
president. secretary and treasurer after the an
nual election hereinafter provided for, and who
shall possess the power and authority provided
for In the by laws OF said corporations; the first
board Of directors shall hold office till the second
Tuesday in October, A. D.: 1892. on which day
| the first annual meeting OF this corporation shall
be held; the annual meeting OF the stockhol ders
shall be held at 10 O'Clock q. M, on the second
Tuesday in October ia each year. and the hoard
OF directors are to be elected thereat. and imme
diately after the Stockholders annual meeting
the board OF directors elected th.reat shall hold
their annual election and shall elect from their
number president, vice-president secretary und
treasurer, and the board OF directors may ap-
| point general manager to act under the direc.
ton OF the board Of directors. All directors and
officers shall hold until their successors are elect
ed or appointed. The first officers OF said corpo-
ration shall be John A. Berkey for president. N.
N. Williams tor ce-president. for secretary. E.
q. Williams, and for treasurer, A. R. Davidson
The duties OF secretary and treasurer may at any
time in the discretion OF the board of directors be
vested in the same person.
SEVENTH.
The capital took OF said corpora ton shall be
divided into Five Hundred $500, shares OF One
Hundred Dollars (sI00) each, and each share shall
be entitled to one vote.
EIGHTH.
The first meeting OF stockholders OF this corpo-
ration shall be the 25th day OF March, 1889, ia
be held at 10 o'clock m, OF that day at the d.
rectors room Of the First National Bank, in the
City OF Little Falls, Morrison County, Minnesota
and at the same place on the same day. immedi-
ately after the oders meeting the directors
will meet.
In witness whereof the undersigned have here
unto set their hands and affixed their seals this