The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1912-10-10
Articles of INCORPORATION.

ArtlcIeS OF incorporation. Il
Know all men by these presents:
That the persons whose names are
hereunto subscribed, have, for the
purpose Of becoming corporation
under and pursuant to the laws Of
the state of Minnesota, become as
ISOLATED and hereby adopt and sign
the following articles Of incorpora-
tion:
ARTICLE FIRST.
The name of this corporation shall
be '"The National (Incorporated). >"
The general nature of it's business
shall be the buying and owning, i'm
proving, selling and dealing in lands,
tenements and hereditaments, real.
personal and mixed estates. Buying
and owning, selling and dealing in
bonds. stocks, mortgages and other
chattel securities and loaning money
on the same. The principal place for
the transaction of the business of
this corporation shall be the village
of Princeton, County of Mile Laos
and state of Minnesota.
ARTICLE SECOND.
Inc time OF the commencement of
this cooperation shall be the first
(1st) day of October, 1912, and the
period of it's continuance shall be
thirty (3o) years.
ARTICLE THIRD.
The amount Of the capital stock of
this corporation shall be twenty-five
thousand dollars 1925, 900. OO) and shall
be paid in as called for by the board
of directors.
ARTICLE FOURTH.
The indebtedness of this CORPORA
tion shall not at any time exceed the
sum syn Of fifty Thousand dollars $780,
000.00).
ARTICLE FIFTH.
The names and place of residence
OF said lncorporators are as follows:
E. L. Mcmillan, Aulger Rines and
CHARLES Keith, residents of the vii
lage OF Princeton, county of Mile
Laos and state of Minnesota.
ARTICLE SIXTH.
The names of the first board of
directors of said corporation are E.
L: Mcmillan, Aulger Rines and
Charles Keith, and the government
of said corporation and the manage
ment of it's affairs shall be vested in
a board of three (3) directors, from
whom shall annually be chosen the
following officers: A PRESIDENT, vice
president, secretary and treasurer,
and the office of secretary and treas
urer may be holden by one person.
Said officers shall be elected annually
hereafter on the second Monday of
January of each and every year. and
until the second Monday in January,
1913, the persons above named as the
first board of directors shall act in
that capacity, and the said E. L.
Mcmillan shall be president, the said
Aullger Rines vice president, and the
said Charles Keith secretar; and
treasurer of said corporation, and on
the second Monday in January, 1913,
and annually thereafter, a new board
of directors shall be elected by the
stockholders of said corporation and
from their number said board of d.
rectors shall elect the officers of said
corporation to act for the ensuing
year.
Said election of directors shall take
place as soon thereafter as may be
practicable at time and place to be
then and there designated by the
board OF directors so elected.
ARTICLE SEVENTH.
The number of shares of the CAP
ital stock of said corporation shall be
two hundred and fifty (250) and the
amount of each share shall be one
hundred dollars ($1OO.)
Witness our hands and seal this
3Oth day of September, 1912.
E. L. MCMILLAN (SeaD
AULGER RINES (SeaD
CHARLES KEITH (Seal)
In presence Of
JNO. F. PETERSON,
FRED G.. KEITH
STATE OF MINNESOTA, l