The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1915-11-20
Articles of Incorporation or Bankers
Investment COmnnny

Articles of Incorporation or Bankers
Investment Company.
KNOW ALL MEN ny THESE PRES
ENTs, That we, the Undersigned. whose
names are herennto subscribed, have
agreed to, and do hereby associate our
selves as a corporation under and by
virtue of the General Laws! of the State
adopt the following articles OF. incof-
poration. s16A@ 90 t sg1sssst s 1lsa ID sss41 n
Sec, l. The name Of this corporations
shall be Bank ems Inv estment Company
,z.ss s.sssssg. ARTICLE TIE, III ii ss.trA ID
ss See. +. The general nature OF, the
business or, this.lRorpo ratio II shall I'D
e loan nonfS slthsr fer Itself
otherwise and tof5e&eelt tie 'ala contracts.
incuiIl FRANCES, tnanSfers releases and
other docnnle nts necess arg or conven4
ness; to discount bills and notes and
other evidences Of debt; to ACQUIRE by
purchase or otherWises -andt,tos SELL as
sign, transfer or otherwise dispose of,
mortgages, bills and notes, pledges,
bonds and all other money obligationss
to act as. agent, broker. or attorney in
fact for any pefson',.S firm, association
or corporationSl to racta as trustee id
deeds Of trust on real property or per-
sonal property or any, eVidenGe of value
to secure. them; to aeapipet ny purchase
dispose OF, mortgage lease, operate,
maintain, improve and invest in, lands,
tenements and heredftalnents and per-
sona1 property of everye Glass and de-
scription; to acquire Ythe goodwill
rights and property. and to Undertake
the whole Or any part of the. assets
and liabilities of. any. person. firm, as
ISOLATION or corporation, and to pay for
the same in icash; stock or bonds, oil.
otherwise, and to carry on,sany hush
ness, concern or undertaking SO ac-
qnired. and to DO. any ard54aH things
necessary and INCIDENTAL to a general
investment business ana the purposes
hereinbefore enumerated. f1
Sec. 2. The principal place of busf-a
ness of tf1isgcor on sha III rlle. in the
City of St Paul. County f. Ramsey and
State of Minnesota. A4i
etf3 ARTIcLE III.
. Sec, i. The time of the commence
ment of this corporation shall be the
1st day of November, A. d. 1915, and it
shall continue for.a period of thirty
years. .n,o,+sr-
SEQ L., The capital stock of this cor
poration shall be five hundred thousand
dollars ($50000G00), divided into TWEEN
ty Thousand (20,000) shares of the par.
EACH of which eight thousand $4,000
shares shall be preferred stock and
twelve, thousand G2,O00l, shares shall
be common stock, and shall be paid in
at such times and in'such amounts and
in such manner as may be required by
the Board of Directors.
Sec. lathe sholdefsBof athe common
stock shall be entitled to- onea.vote for
each share Of such Common stock, but
no stockhofdef Jshal l. have, anB3 vote by
virtue of any share of preferred stock.
Sec. 3. The preferred stock shall be
divided into two classes, to- be known
a s Glass A Preferred Stock and Glass b
Preferred Stock - s55ls&3s
The Glass "A Preferred Stock shall be
entitled ana 1imfted to cumulative dfvi-
dends out of net ;eaTnings@of the COR
poration, before dividends are paid
| upon any other shares to the~extent of
lax
thereof, and in any. distribution of the
assets of the corporation upon dissoln-
| ton or sale thereof said Class al Pre-
| ferred4 Stock shall mp, to- the par value
| paid dividends eumula ted at said rate,
| be entitled; to a, preference over all
other shares Of Stock of this corpora
| tion.- 49, "a 81 $3.50. :
| The Class B Preferred Stock shall be
! entitled to 1eumufatiVe dividends
| out of the net earnings, of this corpora
| other shares. e96ept 4fhe Class 4 Pre-
| ferred Stock, to the extent of4sixs ner
centum upon the par value thereof lin
any one year and no more, and in any
/ poratfon upon dissolution or sale there
of said Class r Preferred Stock shall,
| up to the par value thereof be entitled
stock of this corporatiofb xeept Glass
/ A Preferred Stock. E1tas
The preferred stock both classes,
L
| ity vote of this corporation at any time
after five years from the date OF the
commencement of this corporation J
Sa ARTICLE " &.
Sec / The hgReist 3mo RbicS Of tb IG
corporation shall1 atsany1 time be sub
Jet shall not eYYceed eight hundred
ARTTCLE.iVf.
/ Sec, l. The names and places of res
| idence of the persons forming this cor
i poratfon4 are: j. B. Sullivan, st. Paul
Minnesota; John A. Hartigan, st. Paul
Minnesota; Harry Cannon, St Paul
49,. - $500 :. ARTICLE VII
Sec. 4. The government Of this cor
p9ratiofa and the ma9agemen5 oa OF a e
i Directors composed OF not less than
j three, mop more than fifteen, all OF
whom shall; be elected by. and from the
4 corporationa at the regular annual
i meeting thereof, which shall be held al
the office Of the corporatio1s in the City
i State Of MiIlneso tai. on the second
1 Tuesday In January or each year, coaa-
a menoingl WI tai II ues day, the I1th day OF
i January, A. ID. 1916. and shall hold Of
flee for the term of one year and until
4 their successors are elected and quail
.ts1 sec.ea. rJntif the first annual meet.
ing of the stock ot5er s. an d allltlt thell
q following named persons slfal { cof1sti-
4 tute the Board of pirect9F sIsBe Sui
,Ilivan, John A. Hartigan, Harry Cannon
E.'5 ARTrCTaE VIfT. S, ~ es
ls2sSee. HI The BeaEd ofsDifec t8rs shall
il each wear Immediately after their elee.
/ ton elect a president, Vice president
i secretary. and treaaar err WHO shah bs
] the officers Of this corporation an(
i shall hold office until the next annua
Injecting of the stockholders Of. said cor
poratien, and until their successors
Il shall be elected and qualified. The OF.
lffees of secretary and treasurer may be
held by the. same person. The Board OF
i Directors may appoint such other Off
Ecers and gents as in their judggnen.
shall be for the. best interests of said
s = e-l.s ARTICLE TX. II 80 81 :
Sec. L. Until the first annual meet
ingsof the Board of Directors and until
Il their successors are elected and Quail.
fed. II, a. Sullivan shall be president
i John "A. Hartigan shall be vice presf-
Il dent, and Harry Cannon shall be Sec
4 rotary and treasurer
4 In WITNESS WHEREOF, we have
Ehereunto set our hands and seals this
Il 2Ist day of OctoberssA. D.. 19I5.rat-.z
II r. b. SULLIVAN. (Seal.)
HARRY CANNON. (Seal.3
JOHN. A. HARTIGAN. (Sea1:)
In. preSe neez0f sE-s : "a
Arthur ChFistonerson.
i y Earl b JaeksoFsgE ~ -ses.ss s.ssti s
| STATE OF MISNEsoTA. COUNTY OF
on this and day, of November, A. D
1875. before me- a notary public within
and for said county, personally ap-
Feared j. b SulfiFan, John Al. Harti gar