Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1919-07-11

ARTICLES OF II INCORPORATION
THE VAN RHEE LOAN AND
INVESTMENT COMPANY
of Minneapolis, Hennepin County
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 snail 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 t~ransactine
said business shall be at Minneapolis
Minnesota.
ARTICLE II
The time of the commencement OF
business by this corporation, shall be
the First (1st) day Of July, A. D., 191:
and the period of the continuance OF
this corporation shall be thirty (3O)
years.
The names and places of residence
of the persons forming this associa'
ton for incorporation are J.. Var
Rhee, residing at Milaca, Minnesota
liver C. Nelson, residing in Minneapo.
lis, Minnesota, and George j. Var
ARTICLE w
The Government of this corporation
and the management of it's affair:
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 ane
Treasurer. which said last mentioned
office of Secretary and Treasurer may
be held by the same person.
The directors shall be elected at al
annual meeting to be held on the Isl
day of July in each year, and if fo1
any reason, such meeting cannot bt
held, it may be held thereafter, al
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 officer:
above named. j. Van Rhee of Milaca
Minnesota, liver C. Nelson, of Mime
polls, Mimi, and George j. Van Rhet
Of Milaca, Minnesota, shall constitute
the first Board of Directors, and shall
hold office until their successors ar<
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 o.
this corporation shall be the sum o.
Fifty Thousand Dollars ($5O,0O0.0O
which shall be paid in at such time:
and in such manner as the Board Of
Directors require, and may be paid il
services, property, or other commodi
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 One-hundree
$4,000 Dollars each.
ARTICLE vi
The highest amount of Indebtedness
or liability to which this corporation
shall at any time be subject shall bt
the sum of observation-disclosures
IN WITNESS WHEREOF, W.
hereunto set our hands and seals this
5th day of June, A. D., 1919. -
j. VAN MIDI \oCd1J
IVER C. NELSON (Seal)
GEORGE ]. VAN RHEE(Seal)
In Presence of:
C. E. Purdy
Elsie johnson.
State of Minnesota, County of Hen
On this 9Th day of June, A. D.
1919. before me, a Notary Public
within and for said County, personal
lv appeared ]. Van Rhee, liver C. Mel.
son, and George j. Van Rhee, to ms
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
NV commission expires, Jan. %, 1924
(Seal)
State of Minnesota, Department of
State.
/ hereby certify that the within
instrument was filed for record in this
office on the 10th day Of July, A. u.
1919, at 200 o'clock P. NJ. and was
duly recorded in book-of 1ncorpo'
julius A. SCHMAHL,
Secretary of State
Office of Register of Deeds, County of
Hennepin, State Of Minnesota.
I hereby certify that the within
instrument was filed in my office for