St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-20
The Itasca Investment ComDanx-
Articles of instrumentation.


Articles Of Incorporation.
The persons whose names are hereto
subscribed do hereby associate them
serves together for the purpose of be-
coming corporation under the mo
VISIONS of Title Two 90, of CHAPTER
1nlrty-four cd, of the General Stat
utes or 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
of Incorporation:
FIRST; The name of this corpora
Lon snail be The Itasca Investment
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
to acquire, buy. own, hold, pledge,
tIanster. and sell stocks, bonds. notes,
mortgages, tax and assessment GER
tllicates and other evidences of debt
anu debt securities; and also to find,
2Suy; own noid, pledge, transfer, sell.
ueaI IN, collect and act as agent for
the collection of all kinds of claims.
deptS and accounts; and also to buy,
own improve, sell and deal in lands,
lehements. 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.
me principal place of transacting
the business of this corporation shall
ne 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. ID. 1895, and
the period of its continuance shall be
IhlrfU no
after
FOURTH. The CAPITAL Stock of this
corporation shall lie Ten housand Dol
lars Sl0.OoO. and the same shall be
divided into Two Hundred Goo shares
of Fifty Dollars (S500W each; which
said Capital Stock may be sold and
disposed of by this corporation and
paid Tor at such time, and from time
10 time, and in such manner and
amounts as the Board of Directors
shall by bylaw, or resolution. from
Tune 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 (S2,50o).
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 placs.
Oscar A; Turner, of the same place
said corporation and the management
of its affairs shall be vested In a
Board of Directors. consisting of
three 90 persons, 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 mead office of the said corporation
in st. Paul, Minnesota, on the Third
Tuesday ia April in each and every
year.
EIGHTH. Each Director of this cor,
poration shall be a stakeholder therein
and shall hold his office until his sue
cessor Is elected and qualified In
case there is vacancy In the Board
OF Directors at any time from any
cause, such vacancy may be filled by
the said Board of Directors, and TIE
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
President, Vice President and
Secretary, each of whom shall be
elected or 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, ami
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. Prasi.
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. ID. 1886. 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. 1885,.
GEORGE w. WOMACK, (SeaO
GEORGE GRIGGS, (SeaI
OSCAR A. TURNER. (Seaf
Signed, sealed and executed in the
presence of FRANK II. GRIGGS.
p IT STA YTON