Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-27

stock shall have been subscribed. But the
amount OF said capital stock may be increased,
within tho limits, and in the manner prescribed
BY law.
FOURTH.
The highest amount of Indebtedness or liabil-
ity which said corporation shall at any time in
cur il five thousand dollars.
FIFTH.
Tho names and places Of residence of the per- |
soma forming the said corporation are as fol-
lows:
IF. A. Studdart, residence, st. Paul, Ramsey
Joseph ]. Beaumont, residence st. Paul, Ram
| sey county, Minnesota.
Bertram scheffer, residence st. Paul, Ramsey
county. Minnesota.
William s. Moore residence St. Paul, Ramsey
| county Minnesota.
| Louis p. Hauser, residence st. Paul. Ramsey
| county, Minnesota
Frederick W. Dohm, residence st. Paul. Ram-
/ sey county. Minnesota.
George W. Robertson, residence ST. Paul
Ramsey county, Minnesota.
Charles B. Stanley, residence st. Paul, Ram
| sey county. Minnesota.
Henry Meyerding, residence St. Paul, Ramsey
county, Minnesota.
Henry Jensen, residence ST. Paul, Ramsey
county, Minnesota.
Frederick De Haas. residence st. Paul Ram
sey county. Minnesota.
William Frederick Won Deyn, residence st.
Paul, Ramsey county, Minnesota.
Charles Pusch, residence st. Paul. Ramsey
county, Minnesota.
John Mark, residence st. Paul, Ramsey coun-
ty. Minnesota.
F. A. Cariveau, residence st. Paul, Ramsey
county, Minnesota.
SIXTH.
The officers of said corporation shall be a
; president, vice president, treasurer, secretary
: attorney and ten dii ectors all Of whom shall
be stockholders Fifteen directors shall be
elected by the stockholders by ballot, annually,
on the Friday next preceding the fourth Sat
urday in the month of May in each year after
the year A. D. 1878, and shall each hold his of
flee for one year and until his successor shall be
elected and shall have qualified and accepted
, his Office. The said directors shall choose from
among themselves the president, vice president,
secretary, treasurer, and attorney, and shall
!, form board of directors for the transaction
, and management OF the affairs Of said corpora
ton, and shall have full power to adopt all
! rules and regulations which may be necessary
in the discharge of their duties. and for the
; government of the board, not inconsistent with
the articles of incorporation or the bylaws
Until the said officers shall be elected, the fol
4 lowing named persons shall, act as the board Of
: directors: ]. +. A. Studdart Joseph ]. Beau
mont William S. Moore, Bertram Scheer
Il Louis L. Hauser Frederick ". Duhm, Charles D
:. Stanley, George ". Robertson Henry Meyer
y ding Henry Jensen, Frederick De Haas f. A
, Cariveuu, John Mark, William Frederick Vor
. Deyn, Charles +. Pusch.
= = And until said election the following perso NJ
shall be officers of said corporation, viz:
: I. +. A. Studdart President.
= Joseph [. Beaumont, Vice President.
= Louis Z. Hauser, Secretary.
:, Bertram Scheffer, Treasu
:. William s. Moore Attorney.
- The first regular election of directors shall b.
> on the Friday next preceding the fourth Satur
: day in May a. D. 1879. All vacancies in an,
office shall be filled by the directors at an,
n meeting thereof, regular or special.
SEVENTH.
TT The number and amount Of shares in tn
"a capital stock shall be tHo thousand, at fit,
dollars each. The stockholders Of said corpor
= alton shall consist Of persons of the age .
It twenty-one years and upwards. Minors am
J. others may hold stock by guardians or trustees
I. but shall not be allowed to vote. No pc So
- shall become stakeholder who has not pre-
- viously obligated himself to said association i
~ writing that he will punctually pay the month
40 ly dues, installments, assessments on th
g shares of stock fo- which he may subscribe, an
Id all fines, dues and interest on loans
1T as he may become liable for. Th
le present board Of directors may max
y. such regulations in ressrl to name
= and form of subscribing for stock, and for i:
suing and transferring the same. as they sha
e a deem proper, and such regulations may b
III changed by the bylaws. Said stock may be
re come forfeited for neglect refusal on th
q, part Of the holder thereof to pay any install
q ments, assessments, dues or fines, for which
ne shall become liable; in such manner as the by
ID laws shall prescribe. Every stockholder sha
= be entitled to vote only. irrespective Of tn
o. ., number of shares he may hold, and such vot
I'll cannot be cast by proxy Any member of sal
corporation may he allowed to Withdraw there
FROM upon such time and in such
may be prescribed by the bylaws.
EIGHTH
- The funds accommodated by said societ,
shall be loaned ont to its members in such sum
ed upon such security, upon such time, and
a such manner as may be prescribed by the b.
y laws.
~ NINTH.
ne When, at any time within fifty years, eac
it, and every member of this society who has NJ
"A received loan shall receive for each and ever
share OF stock he may hold. fifty dollars lie.
o. the amount he may then owe said societ,
a under its charter and bylaws, this society sha
It; close its affairs and become dissolved. TT
ur Board of Directors shall then deliver to eac
MT mortyagor who has complied with the COZ
n ditions of his mortgage, a discharge in In
: thereof. and all papers connected Herewith.
-. TENTH.
on An annual meeting of the stockholders sha
=; be held on the Friday next preceding the four.
!, Saturday In May or eacn year, commencing
ne d. 1879, to elect Board of Directors for Il
ITS ensuing year, and to transact any other bus
lily ness Of the society; besides any other state
st. meetings may be holden at such times ar
Id places as the bylaws may prescrib
ito But there shall be no special meetings, unle
~, the same are called by at least five Director
~ and notice thereof be previously given by II
es Secretary in such manner the bylaws N;
! direct.
is AT any and all regular meetings, the sa
ng stockholders shall have the power to pass b,
he laws defining the duties OF the officers of sa
to society, for the imposing of reasonable fine
assessments and dues upon its members. reg
lating the subscription upon the issue az
transfer of stock, and management of the i,
vestment of its funds, loans to the member
the general regulation of said bushes" of tt
| all 10th h