The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1923-08-22

Aug. 1922.
Certificate Of Amend
ment

HIT III
CERTIFICATE OF AMENDMENT
OF CERTIFICATE OF MOOR
PORATION OF PENN FINANCE
CORPORATION.
KNOW ALL MEN BY THESE
PRESENTS, That we, H. D. Irwin,
President and R. J. Grain, Secretary,
of the Penn Finance Corporation, "a
corporation [duly created, organized
and existing under the Laws Of Min
nesota, do hereby certify that at a
special meeting Of the Stockholders of
said Penn Finance Corporation1 duly
held at the office of the Company at
1924 Metropolitan Bank Building,
Minneapolis, Minnesota on August Sd,
1923, at 1000 o'clock A. M. upon
notice duly given as provided in the
Bylaws of the Company, and at
which meeting all of the Stockholders
of said corporation were personally
present or duly represented by proxy,
and at which meeting all of the issued
stock of said corporation was repre-
scented, to wit: 100 shares, and at
which meeting each and all of said
stockholders duly executed a written
assent to the holding of said meeting
and to the actions taken thereat and
to the adoption of the Resolution here
in referred to.
The following Resolution was duly
adopted by a unanimous vote of all
of said Stockholders representing the
entire issued stock of said corpora
ton, and which Resolution was as fol-
lows:
BE 1T RESOLVED: That Ar
ticle l of the Certificate of In
corporation of Penn Finance Cor
poration be amended so as to read
as follows:
ARTICLE
The name of this Corporation shall
be the Penn Finance Corporation.
The general nature of it's business
shall be to loan money upon mort
cages upon real and personal proper
ty and other security; to purchase,
own, acquire, hold, sell, hypothecate,
deal in and otherwise dispose of mort
cages, notes, bonds, commercial paper
and other evidence of Indebtedness
and the stock and bonds of other cor
porations, and in respect to such stock
to have, and exercise all the rights,
privileges and powers which natural
person might have and exercise; to
purchase, acquire, own, hold, lease,
sell, convey and improve, exchange,
mortgage and cucumber and otherwise
dispose of all kinds of property, both
real, personal and mixed, and to bor-
leases, notes, bonds, contracts, releas-
es and other instruments and docu-
ments necessary or convenient to the
transaction of it's business; and to do
a general insurance agency business
and to act as agent for any other
persons or corporations in respect to
any business in which it might engage
for itself; and to do any and all things
necessary or convenient or incident to
the transaction of any or all such
business.
The principal place for the trans
action of its business shall be in the
City of Redwood Falls. County of
Redwood and State of Minnesota.
BE 1T FURTHER Resolved:
That Article vi of said Certifi-
cate of Incorporation be amended
so as to read as follows:
ARTICLE vi
The highest amount of indebtedness
or liability to which this corporation
shall at any time be subject shall be
the sum of $25O,0OO.0O.
Be 1T FURTHER RESOLVED:
That the President and Secretary
of the Company be and they here
by are authorized and instructed
to execute under the corporate
seal Of said corporation certi-
fcate embracing this resolution
and the whole thereof, and that
such officers cause the same to
be filed, recorded and published
as required by Law for the pur-
pose of rendering this resolution
effective as an Amendment to the
original Certificate of Incorpora-
ton of Penn Finance Corporation,
and so as to duly alter and amend
the same and change the place for
the transaction Of it's business
from the City of Minneapolis,
County of Hennepin and State of
Minnesota, to the City Of Red
wood Falls, County of Redwood
and State of Minnesota, and to
increase the highest amount of
Indebtedness or liability to which
this Corporation shall at any time
be subject from the sum of $780,
100000 to the sum of $3.50, 100000,
all as particularly set forth
above.
AND WE FURTHER CERTIFY
That said Resolution was in all
respects duly adopted by said Cor
poration and the Stockholders
thereof.
AND WE FURTHER CERTIFY
That at a meeting of the Board
of Directors of said Corporation
duly held at the office of the Com
pany at 1924 Metropolitan Bank
Building, City of Minneapolis,
Minnesota, upon the Sd day of
August, 1923, at 11:00 o'clock A.
M. at which meeting all the
Directors of said Corporation
were personally present or duly
represented by proxy, by a un-
animeus vote of the entire Board
of Directors, said Resolution so
adopted by the Stockholders was
in all respects ratified and ap-