The labor world. [volume] (Duluth, Minn.) 1896-current, 1914-04-25
Certificate Of Incorporation of
RUTLAND INVESTMENT
COMPANY

KNOW ALL MEN BY THESE PRES
We the undersigned, have agreed to
and do hereby associate ourselves to-
Eether as a corporation, under Chapter
50 Of the Revised Laws of Minnesota
for 1908. and the acts amendatory there
OF and supplementary thereto, and To
that end we do hereby execute the fol-
lowing Certificate Of Incorporation:
be Rutland Investment Company, and
It's principal place Of business shall be
Duluth. Minnesota.
=. The general nature of it's business
snail be to purchase, own. hold, sell.
option. lease, mortgage, convey. man
age, improve, operate and deal in lands,
tenements and Entertainments, bonds,
notes, mortgages. contracts. and in any
and all kinds of property. real. personal
or mixed. and any rights or interest
therein: to loan money on real. chattel
out collateral of any kind. and to ne
gotiate all such loans as the agent Of
others; to buy, sell, own hold, trans
Ter and otherwise invest and deal in
bonds, debentures, mortgages book &C
counts. and to act agent therein; to
borrow money and to execute, give and
issue all forms of commercial paper
and written evidences of indebtedness;
to act as agent in the purchase or sale
Of real or personal property. and in
the writing Of all forms of insurance,
to construct buildings, houses and
other structures. and to act as agent
for individuals or corporations in the
construction and handling Of buildings
houses and other structures; to enghge
in and carry on wholesale and retail
mercantile business. and to do all other
such acts and to transact all other such
business as may be properl-- incident
to and necessarily connected with the
various lines Of business above speci-
8. Said corporation shall commence
on the 1st day of May, 1914, and continue
for period Of thirty years.
4. The names and residences of the
Palmquist, Duluth, Minnesota; F. A.
Noreen, Duluth, Minnesota, and L: u.
Young. Duluth. Minnesota:
the corporation 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
ten o'clock in the forenoon. at the prin-
cipal office Of said corporation. and no
notice of the annual meeting need ever
be given. The first Board OF Directors
shall consist of the following members !:
Gertrude Palmouist, Duluth Minnesota;
F. A. Noreen. Duluth. Minnesota; L. u.
Young. Duluth, Minnesota. who shall
hold office until the first annual meet
ing and until their successors are elect
ed and qualified.
6. The amount Of the capital stock Of
sand s poilars 5o,oeo:oo}, divided ii i1to
Ten Thousand shares Of Common Stock.
ana FOrty Thousand shares of Pre-
ferred Stock of the par value of One
Dollar ($1.00) each. The Common Stock
shall be paid for in cash. property. or
services: as the Board Of Directors may,
ferred stock shall be sold only. at par
for cash actually laid into the. treasury
and sold at such times and. in such
amounts as the Board of Directors
shall determine. The preferred; stock
shaH nave no vote nor voice in the cleo
tion of directors or in the management
Of the corporation. but shall have a
preferred lien u-on the assets OF the
corporation in case of it's Insolvency,
dissolution or liquidation in, any man,
ner: and shall be entitled to receive
dividends at the rate of 7ea per annum,
and no more. upon the par value there
OF, from the date of the issuance 4 Of
such , preferred ra stock. and said dividends
All or any part of the preferred stock
q this corporation. mar be retired on
May LIST OF any year after May /. 1918