The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-09-20
CERTIFICATE Of incorporation
GRAND MARAIS STATE BANK

I'M, Know Al Men by These Presents,
in:ot we nave agreed to, and do hereby
ing Corporation, under and pursuant to
the provisions of the Laws of the State
OF Minnesota governing Banks of Dis
count and Deposit; and to that end
we do hereby execute under our hands
and seals the following Certificate of
Incorporation, to-wit:
FIRST
The name of this corporation shall
general nature of its business shall
be banking, receiving deposits buying,
selhng and discounting notes. bills and
foreign, dealing in gold and silver bull
lion and foreign coins, issuing circulate
ing notes and loaning money on real
place where the business Of this COR
poration is to be carried on is Grand
Marais, Cook County, Minnesota.
SECOND
Said corporation shall commence on
the 2Sth day of August, A. d. 1916. and
shall continue for the period Of thirty
years.
THIRD
The names and places Of residences
Of the incorporltors, and the number
OF shares held by each of them are as
follows:
Residence and No.
Name POStOffce Shares
- A. >''NV Grand n Marais, Mimi. %
Grand Marais, MINI.
A. NJ. Anderson IS
Grand Marais, Mimi.
VIM. Clnch Is
Grand Marais, MINI.
Grand Marais, Mimi.
JAS. G. Scott rs
Grand Marais, Mimi.
FOURTH
The government of this corporation
and the management of it's affairs shall
be vested in board of not less than
who shall be elected at the regular
annual meeting of the stockholders to
be held on the First Tuesday succeed
each year between the hours of two
p. NJ. and four p. NJ. of said day. The
first Board Of Directors shall consist
J. A. Kirkwood, Jr.
A: M. Anderson
L. H. Lien
Jas. G. Scott
who shall + hold office until the first
sors are e1ected and and e aaa1 fne' success
The amount of capital stock shall be
Fifteen Thousand Dollars fully paid in,
hundred and nifty shares of one hum
dred dollars each.
The capital stock may be increased
of the e by yu not fq to sxe SetG
the sum Of Fifty Thousand Dollars.
SIXTH
The highest amount of Indebtedness
or liability to which the corporation
One Hundred FIFTY Thousand Dollars.
In Witness Whereof. We have here
unto set our hands and seals this 2Sth
"''' |'"&"S' J: n \. 4 K1 1s!S 1R.
-. e. AIN
T. 4: NJ Nj Lien ANDEKsoS
WIN. CL1NCH
JAS. G. SCOTT
In Presence Of (Two witnesses to
each signature other than incorporu-
GEO. LENG
V!CTOR J0HNsON
&E ;HIo hEE 81, ~so1
GEO. LENG
VICTOR JOHNSON
GEO. LEN(;
VICTOR JOHNSON
& &E2i fEG G&Hxsox
GE0; HEG GGr1xsox
STATE or M1SSEsorA, COUNTY OF
COOI<-ss.
1S1S, 30, before j., ne IN; a Notary PHG|is in
p ne" 5"5 j. T' rH"" Rs'Sf" y Air. in
\. NJ. Anderson, VIM. Clinch, l.. II. Lien
and JAS. &. Scott, to me known to be
the persons described in and who eN-
ecuted the foregoing instrument. and
acknowledged that they each executed
the same their free act and deed.
\. Y. JOHNSON,
Notary Public, Cook CO., Mimi.
My commission expires Dec. 10. 1921.
(Eotaral Seal, Cook Co., Minn.)
STATE OF MINNESOTA, DEPART
ment of Banking.
This is to certify that the name
Grand Marais State Bank, as given in
the foregoing Certificate of Corpora
ton, has been approved by me.
Dated this LIST day of September, A.
ALBERT H. TURRITTIN
Superintendent of Banks.
BY H. S. Ql'1GGLlI, Deputy.
(Se %;nn Recruitment of Banking State Of
STATE OF MINNESOTA, DEPART
ment of State.
l hereby certify that the within in
strument strument was filed for re-
cord in this office on the list day of |
a. D. 1916, at 10 O'Clock A. |
NJ. and was duly recorded in book . of |
State Bank Records, on page 3O4.
JULIUS A. SCHMAHL, !
Secretary of State. |