Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-05-07

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in the manner prescribed by law
Article 4. The highest amount of in
debtedness or liability which said cor
not exceed eighty per cent of the as
sets of the association.
oL Article s.. The names and places of
| residence of the persons forming said
corporation are as follows:
1; M. Larson, Alberta MINI.
|: j: schiattman, Alberta AN MINI.
| Enton Maanum, Alberta, MINI.
J., c; Hamilton; Alberta, MINI.
G: W. Roberts, Alberta, MINI.
F 1. Spaplding, Alberta MINI.
| L. P. Norby, Alberta, Mimi
Val; F: Ortiz, Alberta, Mimi
Theo. Rentz, Alberta, MINI.
l. J: Bagstad, Alberta, Mimi
Fred Andert, Alberta, Mimi
Article s. The business of said cor
| poratiOn shall be managed by a board of
seven directors, elected annually after
the first election by the stock holders by
year. and shall hold office for one year
and until their successors are elected
and qualified, and until such first an
poration shall be managed by the fol-
7 6!T named persons as Board of
Pre f Norb b. NJ Larson chrift Eystaq
4: schulz 'O4 4 4 Maa SHn5attm and +
M 4: spauldi ing. all of Alberta,
officers of said corporation, CONSISTING
OF president, vice-president, treasurer,
shall be one year. The said Board Of
Directors shall have full power to adopt
all rules and regulations which may
duties, and for the government of the
Board, not inconsistent with these
laws to be hereafter adopted, or the
| general laws of the State of Minnesota
The said Board of Directors shall have
l n oil
staff of officers. and the remaining di-
rectors may fill any vacancies in the
tSst of Directors; provided, however,
| members of the Board may be so filled
in any one year:
| Article 7. The stockholders of this
/ corporation shall be residents of the
United States of the age of twenty-one
years, and upwards, minors and others
| but shall not be entitled to vote except
by such guardian or trustee. No stock
over thirty shares at any one time.No per-
/ son shall become stock holder who has
not previously paid his admission fee Of
twenty-five cents on each share of stock
held by him, and the payment of such
fee and one months dues shall make him
The Board of Directors may make
such regulations in regard to the man
| ner and form of subscribing for stock
and issuing and transferring the same as
to them shall seem most proper, but
such regulations may be altered, modi-
| fed and changed as the Bylaws here
after may direct and said stock may be-
| come forfeited for neglect or refusal
on the part of the holder thereof to pay
any installment, or dues or fines for
which he may become liable, in such
| manner as the Bylaws may prescribe
| Each stakeholder shall be entitled to
Sne n n0Fe' ana sqch vote eann9t be cast
| ton may be allowed to withdraw there
from upon such terms and in such man
ner and on such conditions as may be
prescribed bV the BYLAWS
| Article 8. The funds accumulated by
said corporation shall be loaned out to
| security, upon such time and in such
manner as may be prescribed by the By
| laws
| Article 9. The annual meeting of the
stockholders shall be held on the first
Tuesday o! of , April AJ6 in each year; com
rectorS for the ensuing year, and to
[ transact any other business of the AS
ISOLATION. besides other stated meetings
may be held at such times and places as
| the Bylaws may prescribe. But there
shall be no special meetings unless the
are 9d by At Least If four Of the
ly given by the secretary in such man
ner as the Bylaws may direct. At any
and all regular meetings the said stock
holders shall have the power to pass BY
laws defining the duties of the officers
of the Association, for the imposing of
reasonable fines, assessments and dues
upon its members, regulating the SUBJ
scription upon the issue and transfer Of
investment
of its funds loans to members and the
general regulations of said business Of
said corporation, as well as to pass all
other Bylaws necessary to carry out the
object of this corporation.
L. M. Larson, Alberta Mimi
Chris Eystad, Alberta, MINI.
L. J. schlattman, Alberta, MINI.
Anton Maanum Alberta, MINI.
J. c. Hamilton, Alberta, MINI.
w. J. Braun. Alberta, Mimi.
c. W. Roberts, Alberta, MINI.
F. L. spaulding. Alberta, MINI.
L. P. Norby Alberta, MINI.
Val. F. Orth, Alberta, MINI.
z; A. Maanum: Alberta: MINI.
Theo. Rentz. Alberta. MINI.
Thomas M. LOTUS, Alberta, MINI.
=. J. Bagstad, Alberta, MINI.
Fred Andert, Alberta, MINI.
In the presence of
James B. Ormond.
STATE OF MINNESOTA,
COUNTY OF STEVENS.
Be it known that on the oath day Of
Public within and for said County. per
Eystad, L. J. schlattman, Anton Maa-
mum, J. c. Hamilton. W. J. Braun, G. W.
Ea F. Grth E Nahum n N &he9
Fred Andert, to. me well known, to be
the foregoing instrument and they sever
ally acknowledged that they executed
the same freely and voluntarily, for the
JAMES B. ORMOND.
Notary Public Stevens County, MINI.
My Commission expires April 9Th, 1922.
STATE OF MINNESOTA,
Department Of State.
hereby certify that the within in
strunent was filed for record in this
Office on the 10Th day Of March, A. D.
1920, at II O'Clock A. M, and was duly
recorded in Book IA of Interpretations,
on page 568. ...
JULIUS A. SCHMAHL,
Secretary of State.
Department Of Banking.
hereby certify that the foregoing
Certificate of Incorporation and the
name. ALBERTA BUILDING AND
LOAN ASSOCIATION, as given therein
have this day been approved by me-.
Dated this 10Th day of March, A. ID.
F. g. PEARSON
(SeaD Superintendent Of Banks.