St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-19
The Itasca Investment ComDuny-
Articles of incorporation.


me persons whose names are hereto
subscribed do hereby associate them
selves together for the purpose of be-
coming corporation under the pro-
WIS visions of Title Two (9, of Chapter
Thirty-four ca of the General Stat
utes OF the State of Minnesota. and
OF the Laws of the said State amenda.
tory thereof and supplementary there
10, and for that purpose do hereby
a99pt ana sign the following Articles
or Incorporation:
FIRST. The name of this corpora
Lon shall be THE Itasca Investment
Company"
SECOND. The general nature of it's
business shall be to loan and borrow
money on mortgage security. or other.
wise, Tor such periods of time and
upon such terms, not contrary to Law,
as may be deemed advisable; and also
10 acquire, buy, own. hold. pledge.
transfer, and sell stocks, bonds notes,
mortgages, tax and assessment GER
uncates and other evidences of debt
ana debt securities; and also to find,
puy, own, mold. pledge, transfer, sell.
deal 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. Entertainments, real, mixed,
ana personal estate and property, and
develop the same in such manner as
may be deemed advisable in the in
tereSt of the Company.
me principal place of transacting
the business of this corporation shall
De In the City of st. Paul, and i'm 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 it's continuance shall be
after.
FOURTH. The Capital Stock, of this
IN r.aff low. Oh, nj
lars (s1O.OOO). and the same Shall be
diVided into Two Hundred GOO 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
TO time, and in such manner and
amounts as the Board of Directors
snail by bylaw. or resolutions, from
time to time determine. Said capital
STOCK shall be full paid and non-as-
FIFTH. The highest amount of in
debtedness or liability to which said
corporation ol shall at any time: be sub
9ect snail De Two Thousand Five Hun
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.
EVENTH. The government of the
OF Its affairs shall be vested In a
Board of Directors, consisting of
Three CD persons, a majority of whom
shall reside in the State of Minnesota.
The said Directors shall be sharehold-
ers and be elected annually at the an
nual meetings of the shareholders of
the corporation, and the said annual
meetings shall be held at the principal
or head 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 sue
eessor is elected and qualified In
case there is a vacancy In the Board
or Directors at any time, from any
cause, such vacancy may be filed by
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 be
elected or appointed from among the
Directors, and a Treasurer and an At.
torn9y. and such other officers as the
Directors may deem necessary, who
may or may not be Directors Any two
of said Offices, except that of President
Vice 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
ELEVENTH. The first Board OF
Directors of the corporation shall be
George w. Womack George Griggs
and Oscar A. Turner, all of st. Paul.
Minnesota; and the executive offlceri
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 un.
til 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. 1896
GEORGE w. WOMACK, (SeaD
GEORGE GRIGGS (SeaD
OSCAR A. TURNER. (SeaD
Signed, sealed and executed in the
presence of FRANK Fl. GRIGGS.
D. T. YTON