The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1914-07-30
Certificate Of Incorporation
State Bank Of Pease

OSoIC Do1IA VI ! GdoG
Know all men by these presents,
that we have agreed to, and do here
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 that end we do hereby execute
under our hands and seals the follow
ing certificate of Incorporation, to-
witt:
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 lst day of August, A. D.
1914, and shall continue for the per-
iod of thirty years.
THIRD.
The names and places of residence
OF the incorporators, and the num-
Der of shares held by each of them
are as follows: G.. J. Parent, Par
ent. Minn., As shares; Ludger E.
Fouquette, Foley, MINI, IS shares;
D. }. Fouquette, Foley, MIMI, 10
shares.
The government of this corpora
tion and the management of it's
affairs shall be vested in q 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. NJ, and 4 p. NJ, of the
said day. The first board of di1ec-
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 majority vote
of stockholders, but not to exceed
of \
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, a notary public in
and for said county, personally ap-
peared G. ]. Parent, Ludger E..
Fouquette and D. J. FouQuette, to
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 20,
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 II. S. Quiggle,
(Seal) Deputy Superintendent.
1921
State of Minnesota, Department of
State.
I hereby certify that the within
instrument was filed for record in
this Office on the 18th day of July, A.
D. 1914, at 3 O'Clock p. NJ, and was
duly recorded in book 2. of State
Bank Records, on page l42. ~
Julius A. Schmahl,
Secretary Of State.
Office of Register of Deeds, County
of Mile Laos, MINI.
I 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. M, and
was duly recorded in book "a" Of
Interpretations, page PIG.
a. G.. Osterberg,
Register of Deeds.
By E. E. Engberg, Deputy.