The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-21
CERTIFICATE or incorporation
GoRHAM-BRADEN COMPANY.

z T..
Know all men by these presents that the
undersigned, citizens of the state of Minnesota
do hereby associate themselves together as ~
the Revised Laws. 1905, Of the state Of Min.
pesota and do hereby make subscribe and
ARTICLE. I.
Sec. |. The nam eof said corporation shall
be GOrham- Braden Company.
Sec. q The general nature Of the business
OF said corporation shall be, either In its own
behalf or as agent for other persons, associa-
and the carrying On Of the Kinds Of business ss
hereinafter set forth, namely: The soliciting.
securing, writing and placing Of insurance Of
on policies Of insurance, and the carrying on
o Of general insurance agency business; the
IN paper ana dea
tax certificates, claims, warrants, certificates
Of indebtedness, negotiable securities, Its own
other obligations Of other corporations, and in
respect to such capital stock Of other corpora
the Rayng ana and saeress Of all
person might have or exercise; the loaning Of
money on real estate, personal Of collateral
Ing for. managing, operating, selling, leasing
mortgaging and otherwise disposing Of and deal
a n all k a Of a tshT real and
tates and liens in and upon property. real,
personal and mixed; the collecting settling, adj.
ing Of accounts, chooses IN action and all
FORMS OF Indebtedness and the inspecting of
all kinds of insurance risks and the estimafins
appraising,. adjusting, settling and paying Of
losses or damages to persons or property aris-
Ing from fire, accident or other causes, and the
be incidental to the several kinds Of business
hereinbefore specified.
Sec. 9. The principal place Of transactins
city of Minneapolis county Of Hennepin and
state OF Minnesota:
Z ARTICLE II.
me period OF the duration OF said corporation
shall be the term of thirty years from the
completion Of its organization.
ARTICLE III.
The names and places Of residence Of the in.
corporators Of said corporation are: George =,
G e3s Rodney W Ghadbourn, Charles NJ
lefson. all Of Minneapolis, Minnesota.
= .. ARTICLE ~.
Sec. J.: The management of said corpora
tion shall be vested in board Of not less than
otherwise fixed by the stockholders, the board
Of saa sa o. ys
the stockholders of said corporation at the an.S
nual meeting. thereof, which shall be held at
apolis, Minnesota, on the second Monday OF
January in each year; Members Of said board
Sec. 2 The names and addresses of Of those
composing the board until the first ELECTION are
chadbourn, Charles 3. Braden. Charles n. chad,
bourn ant, otto o. Tolefson, ali Of Minneapolis
The amount Of capital stock Of said corpora.
ton shall be One Hundred Thousand Dollars
q the par value Of One Hundred Dollars Dollars
Gs1o9'oo) each, and shall be paid In as the
sand Dollars Of SAID stock shall y
preferred and Sixty Thousand Dollars $780,
0Oo;0O) thereof shall be common stock. The
preferential dividends at the rate Of per cent
per annum. payable out Of the net earnings Of
III n npa5
such dividends on the preferred stock. After:
shall be entitled to such dividends from the
net earnings Of the corporation as the board
or IN esse Of sh al ~ the s.a
poraton or other final distribution Of its assets
or property at any time said preferred stock
value and then the remaining assets property.
of said corporation shall be paid to or divided
proportion of their respective holdings thereof.
Each share Of the common stock Of the said
corporation shall be entitled to one vote at any
ferred stock shall not be entitled to any vote
rights whatever and shall not participate Ii
The said corporation may acquire and retire
said preferred stock, or any part thereof, at not
less than par, within such times and in such
manner majority Of the common stockhold-9
ers may, by resolution. prescribe, and after be-
ing SO acquired and retired said preferred stock.
VI any part Luereol, uldy aSdin ue relsSueQ anu
sold at not less than par, whenever majority.
Of the common stockholders by resolution shall
SO prescribe.
- ~. ARTICLE VI
The highest amount of Indebtedness or liabilityf
to which said corporation shall at any time be
subject shall be one hundred thousand dollars
- =. = =, ARTICLE VII. iE
Sec. 1. The officers Of said corporation!
shall be president, vice president, secretary,
treasurer and such other officers the bylaws
may provide. The president and vice president
officer need be director and any two Offices
except those of. president and vice president,
may be held by one person
Sec. 2 The annual meeting Of the board OF,
directors shall be held at the office of said
corporation Immediately after the adjournment
such meeting the officers Of said corporation
shall be elected and shall hold their respective
offices for one year or until their successors are
elected and qualify.
Sec. g. George T. Gorham shall be the drst
President Of said Corporation, Rodney W. Chad
g. Braden shall be It's first Secretary and Otto
o. Tollefson shall be its first Treasurer. Said
officers shall serve until their successors are
elected and qualify.
Sec 4. The first meeting Of said Corporations
shall be held at the Office Of Northwestern Ffrs
Minneapolis, Minnesota. on the 18th day of
November, 1906, at 10 o'clock am. g1sf
In witness whereof. the persons hereinbefore
named 1ncorporators have hereunto set theirs
hands and seals this Goth day Of Noyenber,
1905. s.
Ill., soD DNSY ". oH HApsouRN, i |sssi. s.;
CHARLES N. CHADBOURN, isesly
+- CHARLES q. BRADEN, (Seal. So
OTTO o. T0LLEFSON. fSeal. -