Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-15
THE TRUST COMPANY.
4 Special Meeting Yesterday-The Objects
of the Association-A zeal AdOpted-List
of the Subscribers.

A Special Meeting Yesterday-The Objects
of the Association-A zeal AdOpted-List
of the Subscribers.
A special meeting of the officers and
directors of the St. Paul Trust company
was held at the Merchants National bank
yesterday afternoon. Gen. j. W. Bishop,
the president, presided and there were
present the following named citizens: G.
D. Gilfillan, Greenleaf Clark, VIM. Daw-
son, W. R. Merriman, f. B. Clark, Peter
Berkey, James J. Hill, d. G. Shepard, P,
H. Kelly, A. H. Wilder, G. II. Bigelow, FL.
P. Upham and Harvey Officer.
The nature and aims of the association
may be ascertained by Ie'erence to the
annexed clauses from the arIloies of as
sociation:
We, the undersigned, citizens of the state of
Minnesota, do hereby associate ourselves for
the purpose Of becoming incorporated for
transacting business as an annuity, safe deposit
and trust company, in accordance with the pro-
visions of 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.
1883.
First-The name of said corporation shall bs
The st. Paul Trust company. The general ma
ture of its business shall be to conduct 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
corporation shall be the first day of May, A. D.
1883, and it shall have perpetual succession.
Third-The amount of the capital stock of
said corporation shall be two hundred and fifty
thousand (S250, 0e0) dollars; of which fifty (5e)
per cent. shall be paid in at the time of sub
scription, and the balance thereof upon call of
the directors. The said capital stock may be
increased at any time, by resolution of two
thirds of the directors, to any amount not ex-
ceeding two million ($2, 00e, 00e) dollars.
In addition to the above the character of
the association is further enlarged upon in
a printed circular, which say that the
business of the company shall at all times
be subjected to the public examiner; that
no part of the capital stock shall be in
vested in real estate, except for place of
business, or in any banking, mercantile or
manufacturing business.
It is also explained that the theory of
the organization is to constitute per-
fectly safe and permanent organization
for the transaction of loan, trust and safe
deposit annuity business and with per-
petual succession.
The first meeting of the company was
held on the I'd of May, at which time the
officers were elected.
AS above seen the capital stock Was
fixed at S25O,OO0, at least 100000 of
which must be paid up, invested in good
securities and deposited with the state
auditor, before the company can engage
in business, the latter to give certificate
to the effect that the corporation was
fully qualified to engage in business.
Of the $250,000 capital stock allowed
the sum of 1922, 900 has already been sub.
| scribed, it being the intention to place
| the balance in small amounts among bust
ness men.
The object of yesterdays meeting was
to elect a director to all the vacancy
caused by the resignation of Mr.. Chas. 81.
Bigelow.
The vacancy was filed by the unanimous
election of Mr.. Conrad Gotzian. The
meeting then proceeded to elect score
tary resulting in the choice of Mr.. Samuel
B. Mcconnell, and Mr.. Harvey Officer was
| elected as corporation attorney. A
general discussion took place
| which resulted in the
| issuing of call for so per cent.ef the sub
scribed stock to represent guarantee or
deposit fund, and arrangements will be
made at once to secure suitable building
| and put it in proper condition for bust
| ness.
The matter of selecting seal was talked
over, and one was adopted. The consider
| alton of the bylaws was referred to the
| executive committee, and the meeting adj
| journed subject to the call of the presi-
dent.
LIST OF SUBSCRIBERS.
The names or the subscribers and their
| places of residence are as follows:
ST. PAUL.
Jas Hill, wv Bishop,
| A 81 Wilder, John l. Merriam,
p II Kelly, EFF Drake,
N W Kittson, CIV Griggs,
D Shepard, G D Gilfllan,
II P Upham, Greenleaf Clark,
! Alexander Ramsey, H 81 Sibley,
G Foster, Peter Berkly,
A B StickDey. VIM Daw=on,
T Clark, Edward Rice,
C Thurston, Edward Rice Jr,
| Fred Driscoll, IA Wheelock,
| Job B Sanborn, Harvey Officer,
| M Auerbach, Skidmore,
81 Greve, CD Streney,
WR Merriam, CIV Sherwood,
r w johnson, Q Palmer,
Fl E Thompson.
ELSEWHERE.
&c Easton, Chatfeld, MINI.
| John Meagher, Mankato.
PJ Kniss, LuVerne.
| II r Wells, Preston.
| G N Nelson, Saltwater.
| Cd Brown, Sioux City.