Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-04-30
PAGE I

building and loan ASSOCIATIONS.
commence on the second day w. Of Sf' April, A.
D. 1920, and continue thence for a
period of thirty years, and the first
shall take place on the second day of
Article g.. The amount q, capital
600 divided into 5000 shares of the par
value of 500 each to be paid in monthly
inst anG 5de of 81 per shaf at such
be prescribed by the Bylaws but said
CORPORATION may go into operation and
said stock shall have been subscribed.
But the amount of said capital stock
may be increased within the limits and
Article 4. The highest amount of in
debtedness. or liability which said cor
poration shall at any time incur shall
sets Of the association.
AGtiee g. The The names and PLACES Of
corporation are as follows:
1: NJ. Larson, Alberta, MINI.
Christ cE3ystad. Alberta, MINI:
Anton Maanum, Alberta, Mimi.
]: C. Hamilton, Alberta: MINI.
w. j. Braun, Alberta, MINI.
Q. w. Roberts, Alberta, MINI.
F. I. Spaulding, Alberta. MINI.
L. P. Norby, Alberta, MINI.
Val F. Orth, Alberta, MINI.
Theo. Rentz, Alberta, MINI.
L. M. LOTUS, Alberta,
l.. J. Bagstad, Alberta, MINI.
Fred Andert, Alberta, MINI.
Article 6. The business of said cor
poration shall be managed by board of
seven directors, elected annually after
the first election by the stockholders by
ballot, on the first Tuesday of April each
year, and shall hold office for one year
and until their successors are elected
and qualified, and until such first an
n0a eect b9 the he business Of said
Pireefors; /: N: Larson, Christ Eystaq,
I: schulz f1rD4 4 a Maan S95a'' and f +:
Minnesota; The said Board of Directors
officers of said corporation, consisting
of president, vice-president, treasurer,
ard T 6e whose term rid Of ONCE
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
Articles of Incorporatio9 or the By
general laws of the State of. Minnesota.
The said Board of Directors shall have
rectors may fill any vacancies in the
Board of Directors; provided, however,
that not more than one-third of the
members of the Board may be so filled
" Article l. The stockholders of this.
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
holder, however, shall be entitled to hold
over thirty shares at any one time.No per
son shall become stock holder who has
not previously paid his admission fee or
twenty-five cents on each share of stock
held by him, and the payment of SUCH
fee and one months dues shall make him
a member.
such regulations in regard to the man
ner and form of subscribing for stock
and issuing and transferring the same as
such regulations may be altered modi-
fed and changed as the Bylaws here
after may. direct, and said stock may be-
on the part of the holder thereof to pay
any installment, or dues or fines for
w1En ne as ' ths Bv vcH nav prescribe
Each stockhoIder shall be entitled to
one vote, and such vote cannot be cast
by proxy. Any member of said corpora
tfon may be allowed to withdraw. there
from upon such terms and in such man
ner and on such conditions as may be
Article s. The funds accumulated by
said corporation shall be loaned out to
its members in such sun sums, upon i s s,ch
manner as may be prescribed by the By
laws.
Article g. The annual meeting of the
Tuesday of April in each year. com
mencing in 1920, to elect a Board of Di-
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
shall be no special meetings unless the
same are called by at least four of the
directors and notice thereof be previous
~ given by the secretary in such man
ner as the Bylaws may direct. At any
and all regular meetings the said stock
hold I1o11 hoy he M n
laws defining the duties of the officers
of the Association, for the imposing or
upon it's members. regulating the. SUBJ
scription upon the issue and transfer of
stock and arrangement and investment
Of it's 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
Dated this oath day of March, 1920.
L. NJ. Larson, Alberta, MINI.
Chris Eystad, Alberta, Mimi
L. J. Schlattman, Alberta, MINI.
Anton Maanum, Alberta, Mimi
J. c. Hamilton, Alberta, Mimi.
W. J. Braun, Alberta, MINI.
c. w. Roberts, Alberta, MINI.
F. 1. Spaulding;; Alberta. Mimi.
Val F. Orth. Alberta, MINI.
T. A. Maanum. Alberta, MINI.
Theo. Rentz, Alberta, MINI.
Thomas M LOTUS, Alberta, MINI.
L. J. Bagstad, Alberta, MINI.
Fred Andert, Alberta, MINI.
In the presence of =
James B. Ormond.
Edith Ginnow.
STATE OF MINNESOTA,
COUNTY OF STEVENS
Be it known that on the oath day Of
March, A. D. 1920, before me Notary
Public within and for said County, per-
Eystad, L. J. Schlattman. Anton Maa-
mum, J. G. Hamilton. w. J. Braun. c. w.
Roberts, F. L. Spaulding. L. P. Norby,
Val. F. Orth. r. A. Maanum, Thee.
Rentz, T: M. LOTUS, L. J. Bagstad, and
Fred Andert, to me we'll known, to be
fourteen of the persons who executed
the foregoing instrument and they sever
ally acknowledged that they executed
the same freely and voluntarily, for the
uses and purposes therein expressed.
JAMES B. ORMOND,
Notary Public, Stevens County. MINI.
Ny Commission expires April 9Th, 1929.
STATE OF, MINNESOTA,
Department of State.