Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-04
INCORPORATION.
ARTICLES OF Incorporation
The ST. Pall Real Estate In.
Vestmelt Company

We, the undersigned following named persons,
Elias f. Drake, Conrad Gotzisn, William Dawson,
Ferdinand Willius, John g. Prince, William Lndeke,
Herman Greve, Charles A. Moore, Frank B. Farweil
and William G.. Robertson, have by these articles Of
agreement and incorporation, associated and do
hereby associate ourselves together for the purpose
Of becoming corporation, under and according to
the provisions Of title two 2 Of chapter thirtyf
(3l), Of the general statutes Of the State Of Min
nesota. n
1.-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 tenaments parts thereof and
of improving real estate. and Of buying, owning,
selling and dealing in such real estate. and OF leasing.
renting otherwise disposing Of same, or any other
ands tenements and hereditawents or real estate IN
the city of Saint Paul, in the county Of Ramsey and
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 on
the tenth day of June, A. D. 1882 and continue for
the period of thirty (sO) years
Third-The amonnt Of capital stock of said corpo-
ration shall be two millions Of dollars ($20C0, OOO),
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 to time
by the bylaws, and to be paid In in such install
ments 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 tn, bylaws;
but 1t shall not be necessary for all of said stock to
be subscrbed to enable said Corporation to transact
business or go into operation.
Fourth-The Indebtedness Of said corporation
shall never exceed the sum Of fifty thousand dol
lars, (S50,000) nor shall any indebtedness be in
CURED exceeding the means Of said corporation on
band. or bona fide uncolected subscriptions to the
capital stock subject to call: and no mortgage shah
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.
C0fziau roaidir0 at 9ajnt pQul Muuoanta
William Dawson, residing at Saint Paul, Minnesota.
Ferdinand Willius, residing at Saint Paul. Mime
sofa.
John. Prince. residing at Saint Paul, Minnesota.
William Lndeke, residing at Saint Paul. Mime
sofa.
Herman Greve, residing at Saint Paul, Minnesota
Charles A. Moore, residing at Saint Paul, Mime.
Frank B. Farwen, residing at Saint Paul. Mime
sofa.
william G. Robertson, residing at Fort Smelling.
Minnesota.
Hixth-The names of the first board Of directors
of said corporation are As follows: Elias Drake,
Patrick 81. Kelly, Conrad Gotziau, William Dawson.
Ferdinand Willius, John 8. Prince and William Linz
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, shall be vested In board
of seven () directors, who shall be elected annually
by the stockholders, on the day hxed by the bylaws.
There shall also be elected by the board Of directors
annually: president, vice president secretary,
termine upon. Each director hereafter elected
shall be stakeholder Of said corporal on, and hold
Office for year, and until his successor is elected
and accepts office. And the said directors may fu
any vacancy for the une1pred term Of any director
or officer Of said corporation.
Seventh-The maximum number and amount Of
the shares in the capital stock of said corporation
shall be forty thousand $4,000 shares of fifty dol
lars ESQ., each.
In witness whereof, we, the said incorporators,
have hereunto affixed our hands and seals this
twenty-seventh day Of May, A. D. 1882:
ELIAS f. DRAKE, [Seal1
+. WILLIUS, Seal.
WILLIAM DAWSON, (Seal.1
CONRRAD GOTHAM, (Seal.1
JOHN 8. PRINCE, lSeal.l
VIM LINDEKE, (Seall
HERMAN GREVE, fSeal.1
CHAS. A MOORE, (Seal.1
FRANK B. FAREWELL, [SeM
WILLIAM G.. ROBERTSON, [Seal.1
Executed in presence Of
H.V. RUTHERFORD,
NJ. ROBERTSON.