Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1921-11-30
(F'irSt Pub. Nov. 23-2t)
CERTIFICATE OF INCORPORATION
go OF THE H0ME SAVINGS INVEST
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We, the Undersigned, for the purpose
pursuant, to the provisions Of Chapter
Fifty;eight (5Sl. General Statutes for
1s ana haws thssed 81
corporate. and adopt the following Ger
t'hcate OF lncor nrtitls +
The name Of this corporation shall be
pany."
The general nature Of it's business
shall be to buy, sell; lease; let improve
buy, construct, improve, lease and sell
houses and buildings, and to engage
generally in the real estate. business;
of and deal in stocks. bonds. mortgages,
securities. notes and commercial paper
Of corporations and individuals; to act
and to do any and all other bushes IS
necessarily connected Herewith and in
cidental thereto: :.
The principal place of transacting the
the City Of Willmar, in the County Of
kandiy0hi and A S5ati c ~ minnesota.
The time for the commencement of
this corporation shall be January list,
1922; and the period of it's duration
shall be thirty A so ke1 y.
The names and places Of residence of
the persons forming this corporation
9. 4. Ferring,, Millmar, Minnesota; ,
r. O.. Ferren, Willmar. Minnesota. and
G. NJ. Ferren: Willm,ar, Minnesota.
The management Of this corporation
shall be vested in Board of Directors,
composed of not less than three and
not more than five members. The names
and addresses of the first Board of Di-
o. A. Ferring, willmar, Minnesota;
r. 0. Ferren, Willmar, Minnesota, and
The first officers Of this corporation
President, r. O. Ferren; Vice Presi-
Ferren, and Treasurer, o. A. Ferring
All of the above named officers and
directors shall hold their respective Of
fees until the. first. annual meeting. Of
at which time, and annually thereafter,
Board Of Directors shall be elected
from and by the stockholders of this
corporate Shall be held at it's principal
place of business on the first Tuesday
IN January, in each year. Immediately
soon thereafter as practicable, the di-
rectors shall meet and elect from their
number president and vice president,
and from their number or from the
stockholders, secretary and treasurer
Any Office except that of president and
vlce-president may be held by one per-
son: The directors and % officers of this
offices until their successors have been
duly elected and entered upon the dis
charge of their d .9tje
The first meeting of the stockholders
and of the Board of Directors shall be
held at Willmar, Minnesota, on the 3rd
o gay ok aS2s at ten and eleven
The amount of the capital stock of
Thousand ($1OO, O000O) Dollars, which
or both, in such manner, al; such times,
and in such amounts as the Board of
Directors shall order. The capital stock
shall be divided into 5000 shares of
par value of Ten ($1O.OO) Dollars, and
500 shares of preferred stock of the par
value Of One Hundred ($1oo.Oo) Dollars,
each, and shall be worcestershire.
Each holder of common stock shall
be entitled TO one vote for each and
every share of such stock held by him
the transaction. of any and all Of the
business, including the election of of.
fcers of this corporation.
Article TX.
The highest amount Of Indebtedness
shall at any time be subject shall be
the sum of Thirty Thousand ($30,0O0.00)
IN TESTIMONY WHEREOF. We
have hereunto set our hands and seals
this 5th day of November. A. D. 1921.
e. E: Il Il. f FHRRES. <S SSnA2,
In Presence of:
Charles Johnson,