Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1913-06-06
Certificate of Incorporation.

We, the undersigned, Franklin Floete,
G. c. Bender and W. S. Bemis, residing at
Spencer. Iowa, and Chas. Vaughn, resid-
ing at Morris, Minnesota, desiring to or
ganize a corporation under the laws of
the state of Minnesota, do hereby sign
and adopt the following certificate of in
corporation.
ARTICLE /.
Sec. ]. The name of the corporation shall
be the Vaughn Investment Company,
and its principal place of business shall
be at Morris, Stevens County, Minnesota.
Sec 2. The general nature of its business
shall be the buying, selling and otherwise
dealing in real estate and securities in
the states and territories of the United
acts, which may be necessary or desir-
abe in the conduct or f1rtherance of
such general business.
ARTICLE II
Sec. /. The time of commencement of this
corporation shall be the first day of June,
1913, and the period of its duration shall
be thirty years.
ARTICLE III
Sec. /. The authorized capital stock of
this corporation shall be twenty-five
thousand dollars ($25,00W divided into
shares of the. par value of fifty dollars
$3.50 each. OF this capital stock there
shall be paid up two Thousand dollars
$4,000 at the time of commencing bust
ness. The balance of the capital stock
shall be paid in and issued as prescribed
by the board of directors, but no stock
shall be sold for less than it's par value,
ARTICLE Nv.
Sec. 1. The management and control
of this corporation shall be vested in a
board of not less than three nor more than
five directors who shall be elected annual
ly at the annual meeting of the stockhOld-
ers, which annual meeting shall be heId
on the second Tuesday of November of
each year.
Sec.2. The directors each year, immedi-
ately. after their election. shall meet and
organize and elect president, a vice-presi.
dent, secretary, manager and a trea-
surer, who shall be the officers of the cor
poratiOn. Such directors and officers shall
hold office until their successors are cleo
ted and qualified.
Sec. 8. Vacancies in the board of direc-
tors: or in any of the officers, may be filled
by the board of directors at any regular
| or special meeting of the board.
| Sec. 4. Franklin Floete, c. c. Bender and
Chas;. Vaughn shall constitute the first
board of directors and the first officers
| shall be as follows: President, Franklin
Floete, Vice President. w. S, Benis, Sec.
Tetary and Manager, .Chas. Vaughn and
tors and officers shall hold office until the
annual meeting of 1918 or until their sue
cessors are elected and qualified.
ARTICLE v.
| The indebtedness of this corpor alton
| shall at no time exceed the par value of
| the. paid up Capital Stock.
| Witness our hands this 18th day of May,
l19l3
| FRANKLIN FLOETE
c. C. BENDER
1 i o.
CHAS. VAUGHN
/ Witness to signatures of Franklin Floete
w. S. Bemis and c. c. Bender.
| E. Il. BENDER
| FRED BENDER
! Witnesses to signature of Chas. Vaughn.
| IRA E. SMALLEY
KATHRYNN CUSICK
STATE OF MINNESOTA
| COUNTY OF RAMSEY
| On this 18th day of May, 1913, before me,
a notary public within and for said Ram
sey County, personally appeared Frank
| Chas. Vaughn, by me known to be the
| persons described in and who executed
! the foregoing articles and severally &C
/ knowledged that they executed the same
| as their free act and deed for the uses and
| purposes therein expressed.
: Notary Public, Ramsey County, MINI.
| (SEAIO My com mission expires 80 10
State of Minnesota. Department of
| State.
| thereby certify that the within instru-
the 22nd day of May A. d. 1918 at II O'Clock
] "A. NJ, and was duly recorded in. Book X-3
| OF interpretations on page 36.
JULIUS A. SCHMAHL
| Secretary of State.
| Office of Register of Deeds. County of
| Stevens, MINI.
| hereby certify that the within Instru-
ment was filed in this Office for record on
| the oath day of May A. D. 1913, at IL o'clock
| A M and was duly recorded in Book NJ.
| of Miscl. on page 205.
(sEAL JOS. J. GAFFNEY
Register of Deeds.