The labor world. [volume] (Duluth, Minn.) 1896-current, 1920-11-13
CERTIFICATE OF INCORPORATION

Torrey Building.
l.. w. Nov. IS, 20. ~, 1920.
CERTIFICATE OF INCORPORATION
Of
Marian IAvSdtment Company.
OF forming a corporation. do hereby as
soclate ourselves as body corporate
and adopt the following certificate of
incorporation:
The name of this corporation shall
be Marian Investment Company.
II.
shall be:
l.. To purchase or otherwise own and
deal in stocks. bonds, mortgages, de-
bentures, securities and obligations Of
every nature, and to acquire, own,
hold. lease, manage. dispose of and
deal in real and personal property Of
every kind and nature. both within
and without the State of Minnesota; to
receive. collect and dispose of interest,
dividends and income upon, of and from
any Of the stocks. bonds. mortgages.
debentures. securities, obligations and
other property held or owned by it, and
to exercise in respect to all such stocks,
bonds, mortgages, debentures, securi-
ties and obligations and other property
any and all rights. powers and. privi-
leges OF individual owners thereof; to
do any and all acts and things tending
to increase the value of the property at
any time held by the corporations: to
furnish capital, material. ETC.. in the or
ganization and development of corpora
tions and business enterprises: to bor-
row money for use in it's corporate
business. and to secure the same by OBJ
legations, pledges mortgages or other
wise: to issue bonds and debentures
and to secure the same by pledges or
deeds of trust or mortgages of or upon
h hal
held by the corporation, and to sell or
pledge such bonds and debentures for
corporate purposes as and when the
Board of Directors shall determine.
2. To build upon or otherwise inn
prove and develop real estate owned or
held by the corporation. and to exam
inc and guarantee the title to lands.
3. To act as the agent for leasing.
managing, mortgaging. buying. selling
and improving real estate: and to act
as agent in buying and selling stocks,
bonds mortgages, debentures ,securi-
ties and obligations of every nature.
and to collect interest or dividends
thereon: to act as agent in the man.
agement and investment Of estates or
funds OF any nature, with full powers
under appointment made by power Of
attorney or otherwise in any matter,
transaction Or thing whatsoever: to
guarantee the payment of principal
and interest of mortgages and other
securities. and in general to make any
tors may deem advisable.
III.
The principal place of. transacting the
business Of this corpora ton shall he
the City Of Duluth, st. Louis County,
The time for the commencement Of
this corporation shall be Novembe LIST.
1920. and it shall endure for thirty
years.
The names and places of residence Of
the persons forming this corpora ton
are Regina Erspamer. of Duluth. Min
nesota; James w. Osborne. of Duluth.
Minnesota: and Charles v. Mccoy. Of
The management of this corpora ton
shall be vested in Board of Direc-
tors. composed Of three members. The
names and addresses of the first Board
1uth, Minnesota: James W. Osborne,
Duluth Minnesota. and Charles " Nc
Coy. Duluth. Minnesota. The first Of
Ulcers Of this corporation shall be
lanes: "a ,esc w: Osborne. President, Charles
Erspamer Secretary and Treasurer.
All OF the above named officers and
directors shall hold their respective Of
tlces aforesaid, until the next annual
M TN Of the cooperation. to be held
which time, and annually thereafter 4
Board of Directors shall be elected
from and by the stockholders of this
corporation.
=. The annual meeting of this corpora
ton shall be held at it's principal place
Of business on the first Monday in
November Of each year. hmm ediately
after the election of directors. the
d dent shall meet and elect pre:;
treasurer from their number. Any two
OFFICES. except that of president and
vice pdesident, may be held by one
All directors and officers Of the cor.
poration shall hold office until their
successors haze been duly elected and
entered upon the discharge of their du-
ties: The first meeting of the stock
holders and of the Board of Directors
s snail be held at Duluth, Minnesota, on
and eleven o'clock respectively.
VIII.
The amount of the capital stock Of
this corporation shall be Fifty Thou
sand Dollars ($5o:ooo.oo), which shall
pc paid in in such form and at such
times and in such. amounts as the
Board Of Directors shall order. The
capital stock shall be divided into one
thousand tRVOV) shares OF the par value
of Fifty Dollars (s5o.00) each.
TX.
The highest amount 'of indebtedness
or liability to which this corporation
shall at any time be subject. shall be
the sum Of Twenty-Five Thousand DOL
lars ($25.000.00).
In testimony whereof. we have here
unto set our hands, this 2sth day Of
October, 1920.
JAMES W. OSBORNE.
REGINA ERSPAMER,
CHAS. Y. MCCOY,
In Presence Of:
HULDA' CLAUS,
RILLA PERRY GOFF.
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