The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1917-07-25
CERTIFICATE OF INCORPORA-
TICN OF
FARMERS AND MERCHANTS
STATE BANK OF DELHI,
INCORPORATED.

that we have agreed to, and do here
by associate ourselves together as
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 I'M
der our hands and seals the follow
ing Certificate of Incorporation, to-
wit:
FIRST.
The name of this corporation shall
be the Farmers and Merchants State
Bank of Delhi, Incorporated. The gen.
eral nature of its business shall be
banking, receiving deposits, buying,
selling and discounting notes, bills
and other evidences of debt, domestic
and foreign, dealing in gold and sill
yer 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
Delhi, in Redwood County, Minnesota.
SECOND.
Said corporation shall commence on
the 10th day of July A. D. 1917. and
shall continue for the period of thir-
ty years.
THIRD.
The names and places of residence
of the incorporators, and the number
of shares held by each of them are
as follows:
+ Albert Reek, Delhi, Minnesota. 8
shares; Fred Starr, Delhi, Minneso-
ia, 3 shares; Axel F. Hultquist, Del
hi, Minnesota, 3 shares; F. H. Brett
kreutz, Delhi, Minnesota, 3 shares;
Harvey T. Daniels, Minnea polls, Mimi.
II shares; Robt " Ochs, Delhi, Min
nesota, 8 shares; John l.. Borg, Del
hi, Minnesota, 3 shares.
FOURTH.
The government of this corporation
and the management of it's affairs
shall be vested in board of 7 Direc-
tors, who shall be elected at the regu
lar annual meeting Of the stockhold-
ers to be held on the first Tuesday
succeeding the first Monday of July
of each year between the hours of 10
A. M. and II NJ of the said day The
first Board of Directors shall consist
of the following members: Albert
| Reek, Fred Starr, Axel F. Hultquist,
F, H. Breitkreutz, Robt V. Ochs, John
L. Borg and Harvey T. Daniels, 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 (S10,000.00)
Dollars fully paid in, in cash, which
shall be divided into one hundred
shares of one hundred dollars each.
SIXTH.
The highest amount of indebted
ness or liability to which the corpo-
ration shall at any time be subject
shall be One Hundred Twenty Thou
sand Dollars.
In Witness Whereof We have here
unto set our hands and seals this 21st
day of July A. D. 1917.
ALBERT REEK
/ FRED STARR
~AXEL F. HULTQUIST
| F. H. BREITKREUTZ
j HARVEY T. DANIELS
ROBT. V. OCHS
JOHN L. BORG
In Presence of
O. A. Ballard
II. J.. I1elSeSOH
| as to all except Har.
| vey T. Daniels.
| C. E. Lagerstrom
Ara Berdan, as tc
Harvey T. Daniels.
State of Minnesota, County of Red
woods.
! On this 21st day of July A. D. 1917
before me, Notary Public in anc
| for said County, personally appeared
Albert Reek, Delhi, Minnesota; FREQ
| Starr, Delhi, Minnesota; Axel F. HUT
quist, Delhi, Minnesota; F. H. Brett.
kreutz, Delhi, Minnesota; Robt. V
Ochs, Delhi, Minnesota; John L. Borg
Delhi, Minnesota. to me known to be
the persons described in and who exc
cuted the foregoing instrument, anc
acknowledged that they each execu
ted the same as their free act anf
deed.
/ H. T. HELGESON,
/ (SEAL) Notary Public.
My commission expires May 18th
1913. Redwood County, Minnesota.