The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1914-07-23
Certificate Of Incorporation
State Bank Of PeaIse

Ol1ao We lave agreed TO, ana GO mere.
by associate ourselves together as a
banking corporation, under and pur-
suant to the provisions Of the laws
OF the state of Minnesota governing
banks of discount and deposit; and
to GChat end we do hereby execute
under our hands and seals the follow
ing certificate of incorporation, to-
wit: e.
FIRST.
The name of this corporation shall
be the State Bank OF Pease. The
general nature of it's business shall
be banking, receiving deposits, buy
ing. selling and discounting notes,
bills and other evidences Of debt,
domestic and foreign, dealing in gold
and silver bullion and foreign coins,
issuing circulating notes and loaning
money on real estate and personal
security: and the place where the
business of this corporation is to be
carried on is Pease, in Mile Laos
county, Minnesota.
SECOND.
Said corporation shall commence
on the 1st day of August, A. D.
1914, and shall continue for the per-
Aou VI Ul11IUy years.
THIRD.
The names and places Of residence
OF the lncorporators, and the num-
Der OF shares held by each of them
are as follows: g. J. Parent, Par
ent, Mimi, As shares: Ludger E.
Fouquette, Foley, Mimi, IS Shares;
D. ). Fouquette, Foley, Mimi, 10
shares
FOURTH.
The government of this corpora
tion and the management Of it's
affairs shall be vested in a board of
three directors, who shall be elected
at the regular annual meeting of the
stockholders to be held on the first
Tuesday succeeding the first Monday
of June of each year between the
hours OF 10 a; M, and 4 p; m:, Of the
said day. The first board of direc-
tors shall consist of the following
members: G. j. Parent, Ludger E.
Fouquette and D. j. Fouquette: who
shall hold office until the first annual
meeting, and until their successors
are elected and qualified.
FIFTH.
The amount of the capital stock
shall be ten Thousand dollars fully
paid in, in cash, which shall be
divided into one hundred shares of
one hundred dollars each.
The capital stock may be increased
from time to time by a majority vote
of stockholders, but not to exceed
the sum of one hundred Thousand
dollars.
SIXTH.
The highest amount of indebted
ness or liability to which the corpor-
alton shall at any time be subject
shall be two hundred and fifty
thousand dollars.
In witness whereof, we have here
unto set our hands and seals this
10th day of June, A. D. 1914.
Ludger E. Fouquette.
In presence Of.
Josephine Parent,
| Helen Parent.
G. J. Parent.
In presence Of
Josephine Parent,
B. j. Fouquette.
In presence Of
! Josephine Parent.
Helen Parent.
State of Minnesota, County OF
Benton. SIS.
| On this 10th day of June, A. D.
1914, before me, notary public in
and for said county, personally ap.
peared G. J. Parent, Ludger E.
FouQuette and D. J. FouQuette, tc
me known to he the persons de-
scribed in and who executed the
foregoing instrument, and acknow].
edged that they each executed the
same as their free act and deed.
| Jno. E. Parent
| Notary Public, Benton County.
MINI.
(Notarial Seal)
My commission expires June 90
1920.
State of Minnesota, Department OF
Banking.
This is to certify that the name
State Bank of Pease, as given in the
foregoing certificate of Incorporation
has been approved by me.
| Dated this 7th day Of July, A. D,
1914.
| Albert H. Turrittin.
| Superintendent of Banks.
By H. S. Quiggle,
Deputy Superintendent.
! (Seal)
4329l
State of Minnesota, Department Of
State.
I hereby certify that the within
instrument was filed for record II
this Office on the 7th day of July, A
D. 1914, at 3 o'clock p. NJ, and wa!
duly recorded in book of State
Bank Records, on page 142.
Julius A. Schmahl,
Secretary of State.
| Office of Register of Deeds, Count!
of Mile Laos, MINI.
l hereby certify that the within
instrument was filed in this Office
for record on the goth day of July
A. D. 1914, at o'clock p: NJ, ant
was duly recorded in book "a" O.