St. Paul daily globe., 1895-04-16
The Itasca Investment Company.
Articles of IncOrDOratjon.

names hereto
subscribed do hereby associate them
sSeiyes together for the purpose of be-
coming corporation under the pro-
, VISIONS of Title Two (2), of Chapter
Inlrty-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 there
TO, and for that purpose do hereby
adopt and sign the following Articles
or lncorporat ton:
ton shall be ''The Itasca Inyes sment
Company"
SECOND. The general nature of its
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
tlncateS and other evidences of debt
and debt securities: and also to find.
Duy, own, hold, pledge, transfer, sell,
deal In, collect and act as agent for
Ihe collection of all kinds of claims,
oeDtS and accounts; and also to buy
own, improve, sell and deal in lands,
tehements, hereditaments, 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.
The principal place of transacting
Ihe business of this corpora ton shall
be in the City of st. Paul and in the
county OF Ramsey and State of Min
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
the. term of Thirty (3O years there
after.
FOURTH. The Capital Stock of this
corporation shall he Ten Thousand Dol
lars (Sl0,0O0), and the same shall be
dlvlded into Two Hundred (200) shares
OF Fifty Dollars ($50.0O 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
SHALL by bylaw. or resolution, from
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 $4,000.
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.
SEVENTH. The government of the
of its affairs shall be vested in a
Board of Directors, consisting of
Ihree t3) persons, a majority of whom
snail reside In the State of Minnesota
1he 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 a stockholder therein
and shall hold his office until his sue
cessor is elected and qualified. In
case there Is vacancy In the Board
or Directors at any time, from any
cause, such vacancy may be filled by
the said Board of Directors. and the
person so elected Director by the
said Board shall hold his office until
MS 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
electeu OF appointed from among the
Directors, and 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, Prcsl,
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 unc
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