Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-28
ARTICLES OF ASSOCIATION.
ARTICLES OF ASSOCIATION
OF THE
St. Paul Trust Company.
OF ASSOCIATION.

We, the undersigned, citizens of the State Of
Minnesota, do hereby associate ourselves for
the purpose of becoming incorporated for trans
acting business as an annuity, safe deposit and
trust company, in accordance with the provis-
ions of an act of the Legislature of said State,
entitled SAN act to authorize the organization
and incorporation of annuity, safe deposit and
trust companies" approved March 5th, A. D.
1888.
FIRST.
The name of said corporation shall be The
st. Paul Trust Company. The general nature
of its business shall be to condact and carry on
all business authorized and contemplated by the
said act of the Legislature of Minnesota, above
cited, and In the manner, and with the power,
and subject to the terms and conditions of said
act. The principal place of transacting the
said business shall be in the City of st. Paul, in
said State of Minnesota.
SECOND.
The time of commencement of said corpora-
ton shall be the first day of May, A D. 1888,
and it shall have perpetual succession.
THIRD.
The amount of the capital stock of said cor
poratiOn shall be two hundred and fifty thousand
$3.50, 0O0) dollars; of which fifty (50) per cent.
shall be paid in at the time of subscription, and
the balance thereof upon the call of the direct
Ors. The said capital stock may be increased
at any time, by a resolutiOn of two-thirds of the
Directors 60 any amount not exceeding two
million ~. cor, 0O0) dollars.
FOURTH.
The names and places of residence of the per-
sons forming this association for incorporation
are as follows:
Charles D. Gilfllan, residing at st. Paul, Min
nesota.
Norman W. Kittson, residing at st. Paul, Min
nesota.
Henry H. Sibley, residing at st. Paul, Mime
sofa.
James J. Hill, residing at st. Paul, Mime
sofa.
Charles Il. Bigelow, residing at st. Paul, Min
nesota.
Greenleaf Clark, residing at st. Paul, Mime
sofa.
William r. Merriam, residing at st. Paul,
Minnesota.
Judson W. Bishop, residing at st. Paul, Min
nesota.
Henry P. Upham, residing at st. Paul, Min
nesota.
David C. Shepard, residing at st. Paul, Min
nesOta.
Francis B. Clarke, residing at st. Paul, Min
nesota.
A. B. Stickney, residing at st. Paul, Mime
sofa.
Chauncey W. Griggs, residing at st. Paul,
Minnesota.
Patrick H. Kelly, residing at St. Paul, Min
nesota.
Peter Berkey, residing at st. Paul, Mime
sofa.
Alexander Ramsey, residing at st. Paul, Min
nesota.
William Dawson, residing at St. Paul, Mime
sofa.
FIFTH.
The names and places of residence of the first
Board of Directors of said corpora ion are as
follows:
Directors for Three Years-Alexander Ram
sey, residing at st. Paul, Mimi; C. D. Gilfllan,
residing at st. Paul, Mimi; James J. Hill, re-
siding at St. Paul, Mimi; Greenleaf Clark, re-
siding at st. Paul, MINI; Judson W. Bishop,
residing at St. Paul, Mimi; D. G. Shepard, re-
siding at st. Paul, MINI.
Directors for Two Years-A. B. Stickney, resid-
ing at st. Paul, Mimi; P. H. Kelly, residing at
st. Paul, Mimi; William Dawson, residing at
st. Paul, Mimi, A. II. Wilder, residing at st.
Paul, Mimi; II. H. Sibley, residing at st. Paul,
MlnD.; G. II. BigelOw, residing at st. Paul, MINI.
Directors for One Year WIN. r. Merriam, re-
siding at st. Paul, Mimi; H. P. Upham, resid-
ing at st. Paul, Mimi; F. B. Clarke, residing
at st. Paul, Minn.; G.. W. Griggs, residing at
st. Paul, Mimi; Peter Berkey, residing at St.
Paul, MINI. W. Kittson, residing at st. Paul,
MINI.
The government of the said corporation, and
the management of its affairs, shall be vested in
the said board of directors and its successors.
One-thiTd of the board of directors, to serve
for three years, shall be elected at the annual
meetings of the shareholders, which shall be
held on the first Wednesday of May, in each year.
The president and vice president shall be elected
by the directors, on the second day of May,
AID. 1888, and thereafter annually, at the an
nual meetings of the directors, which shall be
held on the day succeeding the annual meetings
of the shareholders in each year. The directors
shall also appoint a secretary and such other
officers and agents as they may find necessary to
the transaction of the business of the company
SEVENTH.
The capital stock of said corporation shall be
divided into two thousand five hundred shares,
of the par value of One Hundred Is 1907 dollars
per share.
Witness our hands and seals, at st. Paul, this
fifth (5th) day of April, A. d. 1888:
(Signed) ALEX. RAMSEY, TSeal.]
G.. D. GILFILLAN, GSeal.