St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-21
The Itascn Investment Company
Articles of IncOrpOratiOn.

Inc persons whose names are hereto
subscribed do hereby associate them
selves together for the purpose of be-
C nising a corporation under the pro-
Ihlrty-four (3D, 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, ana Tor that purpose do hereby
adopt and sign the following Articles
or interpretations:
FIRST: The name of this corpora
ton 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, for 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
tlhcates and other evidences of debt
and debt securities; and also to find,
5 5uy; own, hold, pledge. transfer, sell,
zeal IN, collect and act as agent for
the collection of all kinds of claims.
DEBTS and 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
be in the City of St. Paul, and in the
County of Ramsey and State of Min
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
corporation shall be Ten Thousand Dol
lars (Sl000O), 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 Tor at such time, and from time
amounts as the Board of Directors
shall by bylaw, or resolution. from
time to time determine. Said capital
stock shall be full paid and non-as-
seSsable
FIFTH. The highest amount of in
debtedness or liability to which said
corporation shall at any time be sub
Ject shall be Two Thousand Five Hun
dred Dollars (S2, 5000.
S!NIH. 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.
Oscar A. Turner, of the same place.
SEVENTH. The government of the
said corporation and the management
of its affairs shall be vested in a
Board OF Directors, consisting of
Three 90 persons, ma ority 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
cessor is elected and qualified. In
case there is vacancy in the Board
cause, such vacancy may be filed by
the said Board of Directors, and the
person so elected 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
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
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 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 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. 1895.
GEORGE w. WOMACK, (SeaD
GEORGE GRIGGS. (SeaD
OSCAR a. TURNER. (SeaD
Signed, sealed and executed in the
presence of FRANK H. GRIGGS,
E. T. SLAYTON