St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-15
The Itnsca Investment Compnny-
Articles of IncOrDoratiop

The persons whose names are hereto
subscribed do hereby associate them
selves together for the purpose of be-
coming a corporation under the pro-
visions of Title Two ~, of ChapteI
Thirty-four (34, of the General Stat
utes of the State of Minnesota, and
of the Laws of the said State amenda,
tory thereof and supplementary theree
to, and for that purpose do hereby
adopt and sign the following Article3
of IncOrpora ton:
FIRST. The name of this corpora,
ton shall be 1.-The Itasca Investment
Company"
SECOND. The general ma ture of its
business shall be to loan and borrow
money on mortgage security or Othert
wise, for such periods of time and
upon such terms, not.contrary to Law
as may be deemed advisable; and alSd
TO acquire, buy, own, hold, pledge,
transfer, and sell stocks, bonds, notes.
mortgages, tax and assessment cer-
tlncates and other evidences of debt
and debt securities: and also to find.
buy, own, hold, pledge, transfer. sell.
zeal IN, collect and act as agent for
the collection of all kinds of claims,
ueDts ana accounts; and also to buy,
own, improve, sell and deal in lands,
tenements, hereditaments. real, mixed,
and personal estate and property. and
develop the same in such manner as
may be deemed advisable in the in
tereSt of the Company
~ me prlnelpa! place Of transacting
the business of this corporation shall
6e IN the City of st. Paul, and in the
neSota
THIRD. The time of the commence
ment of this corporation shall be the
thirteenth day of, April, A d. 1895, and
the period of its continuance shall be-
after.
FOURTH. The Capital Stock of this
y he Fan !,
lars &10,00O), and the same shall be
divided into Two Hundred (20O shares
OF Fifty Dollars $4,000 each; which
SAID Capital Stock may be sold and
disposed of by this corporation and
paid for at such time, and from time
10 time, and in such manner and
amounts as the Board of Directors
snail by bylaw, or resolution, from
tline 10 time determine. Said capital
stock shall be full paid and non-as-
SeSSa BILE.
FIFTH. The highest amount of in
debtedness or liability to which said
corporal ton shall at any time be sub
ject shall be Two Thousand Five Hun
dred Dollars ($2 5000.
SIXTH. The names and places of
residence of the persons forming this
association for Incorporation are:
George W. Womack. of the city of
st. Paul, in the County of RAMSEY.
State of Minnesota.
George Griggs, of the same place.
Oscar A. Turner, of the same place.
SEN ENTH. The government of the
sald corporation and the management
of its affairs shall be vested in a
Beard OF Directors, consisting of
Ihree 90 persons, a majority of whom
shall reside in the State of Minnesota.
Inc SAID Directors shall be sharehold-
efS and be elected annually at the an
hual meetings of the shareholders of
the corporation, and the said annual
meetings shall be held at the principal
or mead office of the said corporation
in st. Paul, Minnesota, On the Third
Tuesday in April in each and every
year.
EIGHTH. Each Director of this cor.
poration shall be stakeholder therein
and shall hold his Office until his suc-
cessor is elected and qualified. In
case there is a vacancy in the Board
or Directors at any time. from anv
cause, Such vacancy may be filled bV
the said Board of Directors, and the
person so elected a Director by the
said Board shall hold his Office until
his successor is elected by the stock
holders at some succeeding annual
meeting. The Board of Directors may
at any time increase the number OF
directors to any number not exceeding
five.
NINTH. The executive officers of
the said corporation shall consist of
a PRESIDENT, Vice President and
Secretary, each of whom shall he
elected or appointed from among the
directors, and a Treasurer and an At
torney, and such other officers as the
Directors may deem necessary. who
may or may not be Directors. Any two
or said offices, except that of President.
wee President and Secretary, may be
held by the same person.
TENTH. The executive officers shall
be appointed by the Directors. and
each executive officer shall hold his
office for such period and perform
such duties as may be fixed by the by
laws.
ELEV ENTH. The first Board of
Directors of the corporation shall ba
George w. Womack, George Griggs
and Oscar A. Turner, all of st. Paul.
Minnesota; and the executive officers
of said corporation shall be as fol-
lows: Said George w. Womack, Presi.
dent; said George Griggs, Vice Presi-
dent and Treasurer; said Oscar A.
Turner, Secretary and Attorney: said
Directors and officers shall hold their
offices until the first annual meeting
in April, A. d. 1896, and thereafter UNI
III their successors are elected and
qualified.
In Witness whereof we have each
hereunto set our hands and seals, this
thirteenth day of April, A D. 1895.
GEORGE w. WOMACK, (SeaD
GEORGE GRIGGS (SeaD
OSCAR A. TURNER. (SeaD
Signed. sealed and aSacI1+aJ