The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1893-07-27


Attorney for BETsEY PEET.
Ait Assignee.
Articles of Incorporation of the
State Bank of Morgan.
We, the undersigned. Halbert M. Ball, Fred
Hans Mo. otto w. Hagen and George w. SOM
eiville, do by these presents pursuant TO and
in accordance with the provisions of Chapter
the Mate Of Minnesota, for the year ISIS, and
the SEVERAL acts a'nendatory thereof and sup
Elementary thereto, associate ouiseleves to-
adopt the following articles Of incorporation,
and hereby certify rs follows:
ARTICLE ONE The corporate name of this
corporation shall be the State Bank of Nor
ARTICLE TwO-Tbe principal place of bus
mess. and the place where the business of .
discount and deposit for said CORPORA
ton shall be carried On sha be in the
village OF Morgan, in the county of redwood
ARTICLE THREE-The capital stock OF
($lO, OOD, which shall be divided into one hun.
al e l 600 shares # one hundred dollars 500
each. and shall all be paid in cash before said
vidtd the an count of ca pital stock may be in
c eased from time to time by the vote in fay
or of said Increase, OF the holders of at least
a majority of ,h shares of stock previously is
sucd; but the total amount Of capital stock
40 Increased shall NOT exceed The sum Of fifty
thousand dolla s ($:N.0,U.)
ARTICLE FOUR-The names and places Of
residence Of the stockholders IF said corpora
tiOn are as follows: Halbelt NJ. Ball, Fred w.
Fixsen. Frank Ellington. and Horace g Eat
on. Ct Morgan. Minnesota. and Hans Nc, otto
Sleepy Bye. Minnesota; and Of Said shares the
said Halbert N Ball holds thirty-ive (3o),
Fred W. Fixsen holds five ~. Frank Billing
ton holds five (5). Horace g Eaton holds five,
(5). hans Mo b ids twenty (aO) Otto w. Hagen
holds ten OOl, anu George w. Somerville
holds twenty co.,
commence on the first day of August, 93,and
shall continue in existence for the period of
ARTICLE SIX-The stock. property at
fairs and husint 50 OF said corp,,rat on shall
be unuer the care. government and manage
ment Of a board OF three directors. Said
board of directors shall he stOt kholders and
shall be elected annually at the annual meet
ing If said cOrpOratiCn, to be held on the first
Tues .ay of August each ~ ear, provided that
the first meeting Of said corporation shall be
held on the first day or August, lo.3, at which
time the first hoard IF directors shall be
elected; and eat b OF said officers shall hold
his Office for one year. aud until others shall
be chosen and qualified in his stead, provided
that the first board OF directors, who shall
hold their offices until the first election by
! the Stockholders, shall consist of the follow.
! ing persons. tO-wil: Halbert M Ball. Hans
Mo and Fred w. Fixsen; said first bard OF
directors. at its Il st meeting, and thereafter
in manner provided by the bylaws OF said
corporation shall elect from its members a
| r esdent. VicePresident and Cashier ;and pr o.
vided further that Halbert M. Ball shall be
| Cashier, and Hans Mo President, and Ge,rge
| W. Somerville Vice-President. hu shall Told
their respective Offices until the first MT eting
| in August, 1888 as hereinbefOre prOviaed, and
until their successors are elpctt d ana qualified.
We hereby agree to and adopt the f.le- Ding
A ticles of Inc operation and Association Of
| the said State Bank of Mo gan, for the pur-
pose of CO, shutting body polite and corpo.
rate under said rame.
FRED W. FlXShN (SeaI
FRANK ELLINGTON (Seal)
HORACE q. kAToN (seaD
| OTTO w. HAGEN (SeaD.
GEO. w SOMEKvlLLE lSea5
1---As tn Hans MO. Otto w. Hagen and George
W. somerville, signed sealed and delivered
in the presence of
JOHN HAUCK, g. H MuRFIN
As to Halbert NJ Ball. Fred W. Fiasen.
Frank Ellington and Horace g. Eaton, signed,
sealed and delivered in t. g presenc of
A. EMMERlCH, X. GERpEs.
! GTATE OF MINNESOTA, COUNTY OF
~ Brown, ss. Personally appeared before
me- this I'd day of June. SO, Hans Mo, Otto
| ". Hagen and George ". SOmervilie. three
| to be the persons VIII signed the foregoing
instrument aad each for himself acknowl-
edged that he executed the same for the Oh
| 5ect and purpose therein expressed end IF his
| free act and deed. ISAAC GALLAGHER,
Notary Public. Brown Co, MINI
(Notarial Seal
! GTATE OF MINNESOTA. COUNTY OF
~ Ke0wOOd,ss. Personally appea red before
me this 3D. day Of June. 1898. Ha bert NJ. Ball,
Fred w tixsen, Frank BILLING on "a nd HoraceC.
Eaton. four o the above named PERSONS to me
we'll known to be the persons " no s.gned the
foregoing instrument, and each for himself
the object and purpose therein exp resseo and
OF his free aci aud uerd. RICHARD GLRDEs,
Notary Public, Redwood Co., Mum
(NOtarial Seal.)
(No. lO,549)
OFFICE OF REGISTER Of DEEDS. RED.
~ wood Co., MINI. IS. l hereby certify
that the within ms rument was filed in this
office Tor record or the Otn day OF Juue. A d.
1889. at O'Clock q, m - and Was duly recorded
IN BOOK of Miscellany. on pages 2S3 and 2S4.
STATE OF MINNESOTA, PUBLIC EXAM
~ iners Offce-Received and filed in this
office this sth day of June: 1873 rnvor
Public Examiner and Supt OF Banks.
STATE OF MINNESOTA. OFFICE OF
~ Superintendent of Banks-The under
Of Minnesota, hereby certifies that the state
Bank OF Morgan, located in the Village of
Morgan, County of Redwood and state of
the provisions of chapter thirty-three (ss9. Of
General Statutes 1873. and the acts amenda-
tory thereof. has complied with the provis-
ions required to be complied with before
commencing the business OF banking, and
that such association is hereby authorized TO
commence such business as provided for by
section eleven I'D, OF said chapter thirty
three C38(, as amended by chapter seventy
seven CO of the General Laws Of 1881
In Testimony where {, witness my hand and
ofi1cial seal this 10th day OF June. 1883.
Public Examiners N. d, KENYON,
Seal Superintendent or Banks.
State Of Minnesota, 44I7t
9nUorfurAndenf 0f Ra nka 5t