The labor world. [volume] (Duluth, Minn.) 1896-current, 1910-02-26
Articles Of Incorporation
OF
Peoples Loan & Investment Com.
pany.

I'm; KNOW ALL MEN BY THESE PRES:
ENTS, That we, the undersigned do
hereby associate ourselves together
and agree to be and become a corpora
ton under and by. virtue Of the pro-
visions of Chapter So Of the Revised
amendatory thereof and supplemental
thereto, and to that end and for that
purpose we do hereby adopt and sign
the following. Certificate and Articles
ARTICLE I.
The name of this corporation shall be
Peoples Loan & Investment Company.
The general nature of the business Of
hold. mortgage, sell and convey min,
eral lands and other real estate
whether improved or unimproved.
divide, plat and improve the same; to
lend money upon real estate, personal
Or other security; to indorse, guaran-
tee and discount notes and other COM
mercial paper; to buy, own, hold, col
and deal in bonds, notes. mortgages,
accounts, tax certificates, tax titles and
| other property and securities; to pur-
chase or otherwise acquire, hold for
investment or otherwise, use, own, sell,
| otherwise deal in stocks, bonds, deben-
lures and other obligations created or
| issued by any person, firm or corpora
ton: to acquire, purchase, lease, sub
vey, and deal. trade and traffic in both
| real and personal property Of every
description; to own, buy. sell. hire,
! lease and manage places of Amusement;
ores and minerals, and to work coal
mines and stone quarries, and market
| the product Of the same; to manufac-
ture brick, stone, iron, steel, copper
without the State Of Minnesota.
The principal place of transacting
the business Of this corporation shall
be Duluth, st. Louis County, Mime
| sofa.
The period of duration of this corpo-
ration shall be thirty years from and
after the first day of March. 1870
| ARTICLE III.
| The names and places Of residence
| OF the incorporators of this corporation
are as follows: Louis Johnson, Du-
1' Minnesota Times John L. PEosser, Du-
Duluth, Minnesota. The government Of
this corporation and it's management
shall be vested in a. board Of three
directors who shall be stockholders of
the corporation and in a President
urer. Said board Of directors shall be
elected at the annual meeting of stock.
holders Of this corporation which shall
| De neld on the nrSt IueSQay after the
| first Monday in March in each and
every year at the hour of ten O'Clock
in the forenoon and said President
Vice-President, Secretary and Treas
urer shall be elected by the board Of
| directors at it's annual meeting TO be
| held Immediately after the annual
meeting of stockholders. All officers
and directors shall hold their respec.
tive offices and positions until their
successors are duly elected and quail:
fed. The annual and other meetings
| Of stockholders and of directors may
be held att any place within the, State
Of Minnesota. The names and ad.
dresses Of those composing said board
Of directors until the first .election are
Louis Johnson Duluth, Minnesota;
John L. Prosser, Duluth, Minnesota
Alfred c.. johnson, Duluth, Minnesota
The OFFICERS of the corporation until
the .first election are: President, Louis
Johnson: Vice-President; John L
Prosser; Secretary, Alfred C. Johnson
4 Treasurer, Alfred C. Johnson. :,
i ! ARTICLE Nv. VII. ~
i The amount Of capital stock Of this
4 corporation shall be One Hundred
Thousand (3100!00O.0O) Dollars. to be
paid In cash or property, or both, az
may be- determined by the hoard .o1
Il directors. Said capital stock shall be
ldtytded into 1oo, 900 slatsss Of the pal