The northwestern bulletin., 1923-06-02
ARTICLES OF INCORPORATION
cAnMAN HoLpTNG GT COMPANY


We, the undersigned. do hereby asso-
ciate ourselves together for the purpose
of forming corporation under and pur-
suant to the provisions of Chapter So OF
the General Statutes of Minnesota for
the year 1918, and all acts supple
mentary thereto and amendatory there
of; and for that purpose do hereby
adopt and sign the following Articles
of Incorporation.
Article L.
The name of the corporation hereby
formed and organized is Carman
Holding Company.
Article III.
The general nature of the business of
this corporation shall be to buy, hold
the title to and sell real estate: to buy
hold the title to and sell personal pro-
perty of all kinds. including stocks.
bonds, notes. mortgages and securities
of all kinds and to deal in the same; to
accept or give mortgages on real or
personal property; to improve real
estate and construct buildings thereon; :.
to engage in mercantile or other lines
of business and to do any and all acts
in connection herewith or incident
thereto which may be necessary or
proper to conduct and carry on sucn
transactions, dealings and business
with advantage and profit.
Article HI.
The principal place of business of
this corporation shall be in the City of
st. Paul, in the County of Ramsey and
State of Minnesota.
Article Nv.
The time of commencement of this
corporation shall be June 18th, 1928, and
the period of its existence shall con-
tinue for thirty years from said date.
Article v.
The amount of capital stock of this
corporation shall be Fifty Thousand
Dollars, which shall be divided into five
hundred shares of One Hundred Dol
lars each. which shall be paid in and
the stock issued as the Board of Direc-
tors shall order.
Article vi.
The highest amount of Indebtedness
or liability to which this corporation
may at any time be subject, shall be
the sum of One Hundred Thousand
Dollars.
The names and places of residence of
the persons forming this corporation
are as follows: Charles L. Carman, re-
siding at St. Paul, Minnesota. Paul /.
Carman. residing at St. Paul, Minne-
sofa. Florence H. Carman. residing at
ST. Paul. Minnesota.
Article VIII
The government of this corporation
and the management of it's affairs shall
be vested in a board of three directors
who shall be stock holders and who
shall be elected at the annual meeting
of the stockholders of this corpora
ton; which annual meeting shall be
held on the First Tuesday after the
first Monday in January, 1924, and an
nually thereafter. or at such other time
as may be by the Bylaws prescribed.
Such directors shall hold office for one
year. and until their successors are
elected and qualified. In ease the stock
holders shall fail to elect directors at
such annual meeting they may be elect
ed at an adjourned or special meeting.
Such annual meeting of the stock
holders shall be held at St Paul, in
the County of Ramsey and State of
Minnesota. The first Board of Direc-
tors, who shall hold their Office until
their successors are elected and quail
fed, shall be, Charles l.. Carman, Paul
/. Carman and Florence II. Carman, all
residing in ST. Paul. Minnesota. Vacan-
cies in the Board of Directors may at
any time be filled by the remaining
member or members of such Board for
the unexpired term.
The officers of this corporation shall
be president, vice-president, secretary
and treasurer. Any two of such Offices
excepting President and Vice-President
may be held by one and the same per-
son. Such officers shall be elected by
the Board of Directors for the ensuing
year at each annual meeting Of the
stockholders, or at an adjourned or
special meeting thereof. and hold their
offices respectively for one year and
until their successors are elected and
qualified.
The following persons shall be Of
ficers of said corporation and shall
hold such office until their successors
are elected by the Board of Directors:
Charles l. Carman. President and
Treasurer Paul 1. Carman. vice-Presi-
dent and Florence H. Carman, Secre-
tary.
The Board of Directors shall have full
power to establish, add to, change or
repeal any and all bylaws necessary
or advisable for the government of said
corporation or Board of Directors: and
shall have power to fill any vacancy
that may occur in any of the offices
of said corporation for the unexpired
term.
In Witness Whereof, we have here
unto set our hands and seals this the
25th day of May.
Charles l.. Carman (seaD
Florence H. Carman (seaD
Paul l. Carman (seaD
Executed in the presence of:
Nav NJ. Leeds