Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1919-07-18
A SUIvRE
ARTICLES OF II INCORPORATION
THE VAN RHEE LOAN AND
INVESTMENT COMPANY
of MINNEAPOLIS. Hennepin County

VI M~11llVdpO11S I1C1llICp1n SOu1lCy
Minnesota.
We the undersigned, for the purpose
Of organizing a corporation under and
pursuant to the Provisions of Chapter
Fifty-Eight (58) Of the Revised Laws
Of Minnesota for the year 1905, and
all acts amendatory thereof, and sup
Elemental thereto, do hereby associate
ourselves together, and adopt the fol-
lowing Articles of interpretations
ARTICLE l
The name of this Corporation shall
be The Van Rhee Loan & Investment
Company, and the general nature
of it's business shall be the
buying, owning, improving, selling
and dealing in lands, tena-
ments, and Entertainments, real, mixed
and personal estate and property, and
the purchase and selling Of money
obligations secured upon real Or per-
sonal property, and the loaning Of
money, either for itself or as agents
for others, upon mortgages or other
securities, with power to execute all
contracts, encumbrances, transfers,
leases, and other documents necessary
or convenient to the transaction of
such business, and shall have power
and authority to do anything and
everything necessary or proper to ef-
fectually carry out the purposes afore-
said, and to engage in such other law
full business or undertakings as may
be necessary or essential to the pur-
poses Of said Corporation.
The principal place Of transacting
said business shall be at Minneapolis,
Minnesota.
ARTICLE II
The time of the commencement Of
business by this corporation, shall be
the First lst) day of July, A. D., 1919
and the period of the continuance of
this corporation shall be thirty (3O)
years.
ARTICLE III
The names and places of residence
of the persons forming this associa-
ton for incorporation are j. Van
Rhee, residing at Milaca, Minnesota;
liver C.. Nelson, residing in Minneapo-
lis, Minnesota, and George j. Van
Rhee, residing at Milaca, Minnesota.
ARTICLE "
The Government Of this corporation,
and the management Of it's affairs
shall be vested in a Board of Direc-
tors, consisting of three 90 persons,
from whom shall be elected a Presi-
dent, Vice-President, Secretary and
Treasurer. which said last mentioned
office of Secretary and Treasurer may
be held by the same person.
The directors shall be elected at all
annual meeting to be held on the LIST
day of July in each year, and if for
any reason, such meeting cannot be
held, it may be held thereafter, at
such time as the bylaws may design
ate, and Immediately after such cleo
ton, the Board of Directors shall Sc
lect from their number, the officers
above named. J. Van Rhee Of Milaca,
Minnesota, liver C. Nelson, Of Mime
polls, Mimi, and George J. Van Rhee
of Milaca, Minnesota, shall constitute
the first Board of Directors, and shall
hold office until their successors are
( elected. j. Van Rhee, shall be presi-
dent, liver C. Nelson, Vice-President,
and George j. Van Rhee, Secretary
and Treasurer until their successors
are elected, and have accepted the du-
ties of their respective Offices.
ARTICLE V
The amount of the Capital Stock of
this corporation shall be the sum of
Fifty Thousand Dollars $5O,O00.OO)
which shall be paid in at such times
and in such manner as the Board of
Directors require, and may be paid in
services, property, or other commodl-
ties of value, acceptable to and ap-
proved by the Board of Directors.
Said stock shall be divided into 500
shares of the par value of O~ne-hundred
| (S1OO.OO) Dollars each.
ARTICLE vi
The highest amount of indebtedness
i or liability to which this corporation
! shall at n time be subject shall be
the sum of Thousand
($1OO, OO0.0 0) Dollars.
IN WITNESS WHEREOF. We
hereunto set our hands and seals this
5th day of June, A. D., 1919.
J. VAN RHEE (seal)
IVER C. NELSON (Seal)
GEORGE j. VAN RHEE(Seal)
In Presence of:
C. E. Purdy
State of Minnesota, County Of Hen
On this 5th day of June, A. D.,
within and for said County, personal
ly appeared j. Van Rhee, liver C. Nell
son, and George J. Van Rhee, to me
known to be the persons described in
and who executed the foregoing in
strument, and each for himself ac-
knowledged that he executed the same
as his free act and deed.
C. E. PURDY,
Notary Public, Hennepin County,
MINI.
NV commission expires, Jan. %, 1924.
(Seal)