The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1919-10-23
(First Pub. Oct. 2S-2t)
CERTIFICATE OF INCORPORATION
Of .jj - f, NJ
ISLE REALTY COMPANY.

We, the undersigned do hereby associate
ourselves body corporate under the laws
of Minnesota. and do hereby adopt the follow
ing certificate Of Incorporation:
The name of this corporation shall be Isle
Realty Company"
Article III.
The general nature Of the business of the
corporation shall be to purchase, acquire, hold,
SELL convey assign, release, mortgage, encum-
Der. lease. hire and deal in real and personal
property of every name and nature. .!ncludng
stocks and securities of other corporations, and
to loan moneys and take securities for the
payment of all sums due the corporation. and
to sell, assign and release such securities
Article III.
The principal place of transacting business
Of the corporation shall be Isle, Minnesota.
The time for the commencement OF this cor
poration shall be the first day OF November,
A. D. 1919. and the period of its duration
shall be thirty years.
Article v.
The names and places of residence OF the
incorporators hereof are as follows:
JOHN CARLSON,
FL ELMER Fl >, G; BoECK.
| all Of Isle, Minnesota.
Article vi.
| Sec. l. The annual meeting of the stock
| holders shall be held on the second Monday
in January of each year at the principal place
| of business.
Sec 2. The management of the corporation
shall be vested in board of directors of three
may increase the number of directors to moi
over seven by the adoption of bylaw to
that effect.
Sec. 3. The members of the board of direc.
shall be elected by the stockholders at their
annual meeting, and they shall hold office fol
one year and until their successors are elected
and qualified, unless sooner, removed. The
! stockholders may remove any director or Of
fcer whenever they consider that such director
or officer fails to discharge his duties.
! Sec. 4. The incorporators hereof shall con.
stitute the first board Of directors and shall
hold office until the first annual meeting OF
the stockholders, and until their successors are
elected and qualified.
and of the board of directors shall be held a,
Isle, Minnesota the 5th day of November
| A. D. 1919. at eight and nine o'clock p. m
! respectively.
| -.&r. Article VII.
| The general officers of the corporation shall
be president, vice president, secretary and
| treasurer. There may be such minor officers
as shall be provided in the bylaws. Any two
of said general offices may be held by the
same persian, except, that the same person may
not be both president and vice president.
Sec. 2. The following persons shall be thu
general officers until their successors are elect
ed and qualified, namely:
John Carlson. president and treasurer,
| Swan Nyquist, vice president, and
| Elmer C. Boeck, secretary.
| Article VIII.
| Sec. 1. The capital stock of the corporation
shall be fifty thousand $3.50, OOO.0O) dollars an,
shall be divided into five hundred (5O0) shares
of one hundred (s1oo.oo) dollars each.
Sec 2. The capital stock shall be issued an,
paid in at such times and in such name
as the board of directors may from time t,
| time determine. 49, 5
| Article TX.
| The highest amount of Indebtedness or liza
/ bility to which the corporation shall at an,
| time be subject is hundred thousan,
! ($100,0 .O0) dollars.
! ...' Article K.
| Conveyances and other instruments relating
to the corporate real and personal propert
may be authorized by the stockholders or b
the board of directors, and when so authorized
may be executed in the corporate name by an
two of the general officers.
In testimony whereof, we have hereunto sub
scribed our names and acknowledged this eel
tifcate this 18th day of October. A. D. 1919.
JOHN CARLSON.
ELMER C. BOECK,
SWAN NYQUIST.