The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1919-10-30
First Pub Oct 1920
CERTIFICATE OF INCORPORATION
ISLE REALTY COMPANY.

We. the undersigned, do hereby associate
ourselves as body corporate under the laws
Of Minnesota. and do hereby adopt the follow
ing certificate Of Incorporation:
Article 1.
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. including
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
'"corporator' he1 T1HM are c e fs!lSTs:
SWAN NYoU1sT.
all of Isle. Minnesota.
Article W.
Sec. I. The annual meeting of the stock
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
stockholders; provided that the stockholders
may increase the number of directors to not
over seven by the adoption of bylaw to
that effect
Sec g. The members of the board of direc-
tors and the general officers of the corporation
shall be elected by the stockholders at their
annual meeting, and they shall hold office for
one year and until their successors are elected
and qualified. unless sooner removed. The
stockholders may remove any director or Of
ficer whenever they consider that such director
or officer fails to discharge his duties.
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.
Sec. 5. The first meeting of the stockholders
and of the board of directors shall be held at
Isle, Minnesota, on the 9Th day of November.
A. d. 1919, at eight and nine o'clock p. m.
respectively.
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 persan, except that the same person may
not be both president and vice president.
Sec. 2. The following persons shall be the
general officers until their successors are elect
ed and qualified, namely
John Carlson. president and treasurer.
Swan Nyquist, vice president, and
Article VIII.
Sec: l. The capital stock of the corporation
shall be fifty thousand ($5000O.00) dollars and
shall be divided into five hundred 5000 shares
of one hundred (s100.00) dollars EACH
Sec. 2. The capital stock shall be issued and
paid in at such times and in such manner
as the board of directors may from time to
time determine.
Article TX.
The highest amount of Indebtedness or La
bility to which the corporation shall at any
time be subject is one hundred thousand
($100. 100000 dollars.
Article x.
Conveyances and other instruments relating
to the corporate real and personal property
may be authorized by the stockholders or by
the board of directors, and when so authorized,
may be executed in the corporate name by any
two of the general officers
In testimony whereof, we have hereunto sub
scribed our names and acknowledged this GER
tihcate this 18th day of October. A. D. 1919.
JOHN CARLSON,
ELMER C. BOECK,
SWAN NYQUIST.
In presence Of E'7t-t7 a.iI