Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-10
INCORPORATION.
ARTICLES OF INCORPORATION
The St. Paul Zeal Estate ID
Vestment Company
INCORPORATION.

We, the undersigned following named persons,
Elias Drake, Conrad Gotzian, William Dawson,
Ferdinand Willius, John 8. Prince, william LindeKe,
Herman Greve, Charles "A. Moore. Frank B. Fsrweii
and William g. Robertson. have by these articles OF
agreement and incorporation, associated and 90
hereby associate ourselves together for the purpose
of becoming corporation, under and according 10
the provisions of title two (2 Of chapter
$50, of the general statutes of the State OF Mil
nesOta.
"The st. Paul Real Estate Investment Company"
and the general nature Of the business of said cor
poration shall be building, constructing ana manu-
featuring houses, stores, warehouses, 1actoEes,
elevators and other tenements parts thereof snd
of improving real estate, and OF buying, owning,
selling and dealing in such real estate, and OF leasing
renting otherwise disposng OF same, or any otner
lands tenements and Embellishments or real estate IN
the City of Saint Paul, in the county OF Ramsey ana
State Of Minnesota. The principal place OF trans.
acting said business shall be the said city OF Saint
Paul.
Second The said corporation shall commence
the tenth day of June, A. d. 1882, and continue TO
the period of thirty (S0) years
Third-The amonnt of capital stock Of said corpo-
ration shall be two millions of dollars $20C0,0O0,
to be issued In certificates of stock IN such form and
upon such terms and conditions and under SUCH
regulations as may be prescribed from time 70 tune
by the bylaws, and to be paid in in such INSTALL
Inents or in such manner as may be ordered from
time to time by the board Of directors under such
regulations as may be prescribed by tins bylaws;
but It shall not be necessary for all OF said STOCK to
be to enable said corporation to transact
business or 60 into operation.
Fourth-The Indebtedness OF said corporation
shall never exceed the sum Of fifty thousand dol
lars, (S5O,OOO) nor shall any Indebtedness be In
Cured exceeding the means Of said corporation on
hand, or bona fde unoollected subscriptions to the
capital stock subject to call: and no mortgage small
ever be made incumbertng the property OF the said
corporation or any part thereof.
Fifth-The names and places Of residence OF the
persons forming this corporation are as follows:
Elias F. Drake, residing at Saint Paul, Minnesota.
Conrad Gotzian, residing at Saint Paul, Minnesota
william Dawson, residing at Saint Paul, Minnesota.
Ferdinand Willius, residing at Saint Paul, Minne-
John. Prince. residing at Saint Paul, Minnesota.
william Lindeke, residing at Saint Paul, Minne-
Herman Greve, residing at Saint Paul, Minnesota.
Charles A. Moore, residing at Saint Paul. Minne-
Frank B. Farwell, residing at Saint Paul. Mime
william @. Robertson, residing at Fort Smelling,
si1th~The names Of the first board Of directors
Of said corporation are as follows: Ellas DRAKE,
ferdinand Willfus, john g. Prince and William Lin
deke. They shall continue In Office until their sue
cessors are elected and accept Office
The government Of the said corporation and the
management of its affairs, eha be vested In board
Of seven C directors who shall be elected annually
by the Stockholders on the day nxed by the by-aws
There shall also be elected by the board OF directors
annually: president, avice president q secretary,
treasurer, and such other officers as they msy de.
termine upon. nalh director hereafter elected
shall be stoclholaer of said corporation and hold
Office for one year. and until his successor is elected
and accepts Office. And the said directors may MI
any vacancy for the unexpired term OF any director
or officer Of said corporation.
6eyenth-The maximum number and amount OF
the shares in the capital stock Of said corporation
shall be forty thousand 10000 shares OF nifty dol
lars $3.50 each.
have hereunto affixed our hands and seals this
tVeuty.seyenth day Of May, A. D. 1882:
ELIAS r. DRAKE, l6eaLl
F. WILLIUS, lSeal.
WILLIAM DAWSON, LSesLJ
CONRAD GOTHAM, lSeal1
JOHN g. PRINCE, lSeaL1
WI LINDEKE, Seal
HERMAN GREVE, lSeal.
OHAS. A. MOORE, SEAL
FRANK B. FARWELC, [Seal.
WILLIAM g. ROBERTSON [Seal.1
Executed In presence Of
II. Y. RUTHERFORD,
n. RoBKnTsoN.