Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-06
INCORPORATION.
INCORPORATION.
ARTICLES o. INCORPORATION
OF
The St. Paul Real Estate In
Vestmelt Company

We, the undersigned following named persons,
Elias F. Drake, Conrad Gotzian, William Dawson,
Ferdinand Wilius, John 8. Prince, William Lindeke.
and william g. Robertson, have by these articles OF
agreement and incorporation, associated and do
hereby associate ourselves together for the purpose
the provisions Of title two M of chapter thrtyfour
(3I, Of the general statutes Of the State OF Min
nesota.
First-The name of the said corporation shall be
"The st. Paul Real Estate Investment Company"
and the general nature of the business Of said cor
poration shall be building, constructing and manu-
featuring houses, stores, warehouses;, factories,
elevators and other tenements or parts thereof and
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 hereditawents 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 o
the tenth day of June, A. D. 1882, and continue TO
the period Of thirty (sO) years
Third-The amount Of capital stock Of said corpo-
ration shall be two millions of dollars ($20O0,OO0)
to be issued In certificates of stock In such form an
upon such terms and conditions and under such
regulations as may be prescribed from .%e 70 nme
ments or in such manner as may be ordered from
time time by the board of directors, under such
regulations as may be prescribed by tina Dy-laws;
but it shall not be necessary for all Of said stock to
be subscribed to enable said corporation TO Iansact
business or go into operation.
Fourth-The Indebtedness Of said corporation
shall never exceed the sum Of fifty thousand dol
lars, ($50,OCO,) nor shall any indebtedness be IN
Cured exceeding the means Of said corporation on
hand, or bona fde uncoLected subscriptions to the
capital stock subject to call: and no mortgage shall
ever be made incumbering 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 Gotzlan, residing at Saint Paul, Minnesota.
william Dawson, residing at Saint Paul, Minnesota
Ferdinand Willius, residing at Saint Paul, M1nne-
sofa.
John. Prince. residing at Saint Paul, Minnesota.
William Lindeke, residing at Saint Pau, Mime
Herman Greve, residing at Saint Paul, Minnesota.
Charles A. Moore, residing at Saint Paul, Minne-
Frank B. Farwen, residing at Saint Paul. Mime
sofa.
william g. Robertson, residing at Fort Smelling.
Minnesota.
sixth-The names of the first board Of directors
of ssid corporation are as follows: khas F. Drake,
Patrick II Kelly, Conrad Gotziap, William Dawson.
Ferdinand willius, John s. 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, hall be vested In DoaLd
of seven CD directors. who shall DO elected annually
by the stockholders, on the day n1ed by the bylaws
There ea also be elected by the board Of directors
annually: president, vice president secretary,
treasurer, and such other officers as they msy De.
termine upon. Each director hereafter elected
shall be stakeholder of said corporal on 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 PRED term OF any director
or officer Of said corporation.
Seyenth-The maximum number and amount Of
the shares in the capital stock Of seid corporation,
shall be forty thousand go 00 shares Of fifty dol
lars ($5O) each.
In witness whereof, we, the said incorporators,
have hereunto affixed our hands and seals this
twerty-seyenth day Of May, A. D. 1882:
ELIAS F. DRAKE, [sealj
f. WILLIUS, Seal
WILLIAM DAWSON, Seal.1
CONRAD GOTHAM, GSeal.1
JOHN 8. PRINCE, lSeal1
WIN LINDEKE, (SeaL}
HERMAN GREVE, [Seal.1
OHAS. A MOORE, [Seal
FRANK FARWELI, [SeN.1
WILLIAM G.. ROBERTSON, [Seal.l
Executed In presence Of
n. v. RUTHERFORD,
M. ROBERTSON.