The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1905-02-02
Articles of Incorporation
OF THE
Security State Bank
OF Princeton.

Know all men by these presents. that we have
agreed to, and do hereby, associate ourselves
LOGGING, 1ogesner as banking corporation under and
OF the State OF Minnesota governing banks Of
discount and deposit; and to that end we do
th soy certify under our hands and seals to
VIC Aoi1o"lns artlcles OF incorporation, to-wit:
FIRST.
me name OF this corporation shall be the
SECOND.
49, me place where the business of this corpora
ton is to be carried on is the Village of Prince
Ton, Mile Laos County Minnesota.
THIRD.
The amount OF the capital stock shall be fif
teen thousand dollars, divided inlo $50 shares
OF one hundred dollars each. Said capital
stock may be increased from time to time nv a
majority vote of the stockholders. but NOT to
exceed Inc sum OF thirty thousand dollars.
FOURTH.
The names and places OF residence of the
shareholders and the number OF shares held
oy each OF them are as follows:
Residence and No.
George A. Eaton Princeton. MINNESOTA 5S
John w. Goulding. do do <
Ruben F. Mcclellan do do 50
Said corporation shall commence on the first
Gay of January, A. D. 1905 and shall continue
1or PERIOD OF thirty GO years.
SIXTH.
The government of this corporation and the
management of its affairs shall be vested in a
1oard OF not less than three nor more than Six
directors The first board of directors shall
Eaton Ruben F. Mcclellan and John W. G0nid-
ing, who shall hold their office until the first
annual annual meeting and until their successors are
In witness whereof. We have hereunto set our
nanas ana seals, this eighth day of December
D; 1874
AuLGER R1NEs JOHN W. GoULD1NG. (seai.)
RUBEN F. MCCLELLAN (seal)
STATE OF MINNESOTA,
County of Mile Lacs }ss
IN tnis eighth day of December, A. D. 1904,
before me, notary public in and for said
John W. Goulding and Ruben F. McCielian to-
me known to be the persons described in and
VINO executed the foregoing Instrument, md
same as their free act ana deed. 'N''u'eo VIC
lsealJ Notary Public, MINI.
OFFICE OF PUBLIC EXAMINER
STATE OF MINNESOTA.
St: Paul, Mimi, Dec. e3rd. 1904.
mis- is to certify that the name Security
going articles OF incorporation. has been an
proved by me.
(seal.] ST. JOHNSON,
fuohc examiner and Supt OF Banks.
..
COUNTY OF MILE Laos, MINI.
hereby certify that the within instrument
was Tiled In this Office for record on the s9th
day OF December, A. d. 1904, at II O'Clock A. NJ.
ana ana was duly recorded in book Of incorpora-
ELMER M. CHAPMAN
Register of Deeds.
STATE OF MINNESOTA.
OFFICE OF PUBLIC EXAMINER 53S
The undersigned public examiner, ex-oftlcio
superintendent OF banks for the State of Min
nesota, hereby certifies that the Security State
Bank OF Princeton, located in Princeton. county
OF Mile Laos and State OF Minnesota a bank
Incorporated under the provisions of Chapter
one hundred and forty-five (145) of the Laws of
Minnesota for 1895. as amended. has complied
with all the provisions required to be complied
with before commencing the business of bank
ing, and that such bank is hereby authorized to
commence such business as provided for by
Section four ~ OF said chapter one hundred
IN testimony whereof, witness my hand and
omclal seal this third day OF January 1906
lOHc1al SEAL S. T. JOHNSON
Banks. -