Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1892-02-26

KNOW ALL MEN DIX THESE PRESENTS: That
the undersigned do hereby associate themselves
as corporation under Title OF Chapter 81 OF
and acts amendatory thereto.
=, e: st'> FIRST. Fl
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 heri-
dttaments. real. mixed and personal estate and
property. and to improve the same by erecting
and constructing thereon dwelling houses ana
other buildings ereetions and structures. and
the same to, every extent and purpose as may be-
come necessary or as this corporation may deem
proper or advantageous. and to sell. convey,
snch tn ms as the board Of Directors may deter
mine or establish by its by-lays. And this cor
poration may loan money and funds and secure
may buy and sell mortgages. bonds and stocks
and exercise all necessary rights. franchises mu-
niments, estates. powers and privileges necessary
to cary out the object OF its Organization. The
principal place OF citing the business OF the
Corporation shall be in the City OF Little Falls, in
Morrison County, Minnesota.
,-f.. SECOND,
The time of the commencement OF said corpora
lions hall be the 25th day OF March. A. D: 1892.
(ss) years.
The amount of the capital stock OF this corpo-
ration shall be Fifty Thousand Dollars 1850, O09).
and shall be paid in as called for by the board OF
directers. and the said corporation may COM
mence business whenever Twenty-Five Thousand
Dollars $25 0O0 OF the capital stock is subscribed
for.
FOURTH.
The highest amount OF indebtedness or liability
to which said corporation shall at any time be
subject is the sum Of Fifty Thousand Dollars
($5o,00o).
The names and places of residence OF the per-
sons forming said corporation are A. Z. David
son Drew MusseT Clarence I J. MeSar NJ NJ WI
haeuser. J. II. Rhodes, G. I-indbergh. all OF
Little Falls. Morrison County. Minnesota, and
Jno. A. Berkey and Egbert G. Handy, both OF ST.
Paul. Ramsey County. Minnesota.
SIXTH.
The names Of the first board OF directors OF
this corporation shall be A. K. Davidson, +. o.
Williams, Jno. A. Berkey. NJ: NJ. Williams: Drew
Musser, @. A. Weyerhaeuser and W. NJ. Fuller.
management Of its affairs shall be vested in a
board OF directors OF seven stockholders Of said
corporation, who shall elect d president. vice
president secretary and treasurer after the an.
nual election hereinafter provided for. end who
shall possess the power and authority provided
for In the bylaws OF said corporation; the first
board OF directors shall hold office till the second
the first annual meeting OF this corporation shall
be held; the annual meeting OF the stockholders
shall be held at 10 o'clock a. H., on the second
Tuesday in October In each year, and the board
OF directors are to be elected thereat. and imme-
diately after the Stockholders nnnuaI meeting
the board OF directors elected thsreat shall hold
their annual election and shall elect from their
number president, vice-president, secretary and
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 elect
ed or appointed. The first officers of said corpo-
ration shall be John A. Berkey for president, NJ
NJ. Williams for vice-president. for secretary, Z
o. 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 stock Of said corporate shall be
divided into Five Hundred 1901 shares OF One
Hundred Dollars sl0O) each, and each share shall
be entitled to one vote.
EIGHTH
The first meeting OF stockholders of this corpo
ration shall be on the 25th day OF March, 1882 ia
be held at 10 O'Clock o. M, OF that day at the d.
rector's room OF the First National Bank, in the
City Of Little Falls, Morrison County. Minnesota
and at the same place ON the same day, immed
ately after the stockh olders meetipg the directors
will meet
In witness whereof the undersigned have here
INTO set their hands and aft xed their seals this
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