Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-14
ARTICLES OF INCORPORATION
ARTICLES OF INCORPORATION
The Saint Paul Real Estate and Iapr0Ye-
mGnt Company.


mGnt Company.
Know all men by these Presents: Tint Hp whose
names are hereunto subscribed, have agresd ia as
ociate and do hereby associate ourselves together
or the purposes of incorporation and at being
reated and constituted corporation szder ana
" virtue OF the laws and statutes of the state of
Minnesota, and TO that end and for that pnrposs
AVE, and do hereby adopt and Eign the fefEewins
Articles OF Interpretations:
ARTICLE FIRST.
The name of said corporation shall be TzxsAnST
PAUL REAL ESTATE AID IMPROVEMENT COMPANY.
The general nature of the business of said cor
poration shall be the buying, owning, improving,
selling, and dealing i; lands teHements, hered1ta
ments, real, mixed and personal estate and prop
erty.
The principal place of transacting the business
of said corporation shall be the City of Saint Paul.
In the county OF Ramsey, the state OF MINNESOTA;
Whefe Its principal office shall be kept.
ARTICLE SECOND.
The corporation shall commence on 'the Nine
teenth (19th) day of December, A. D. 1883, and
tinue for thirty years.
ARTICLE THREE.
The amount of the capital stock OF said corpora
ton shall be one million OF dollars.
No stock, any certificate of stock shall at any
time be issued until the full par value thereof has
been actually paid in
Said corporation may purchase and buy in its
own stock, and the stock purchased aud bought
in may retire and extinguish, or may hold without
merger extinguishment, the stock so purchased
and bought in, and reissue the same in the same
manner and on the same terms as other stock as
the directors may determine and elect.
One hundred thousand dollars, two thousand
shares of stock Of said corporation shall be sub
scribed for and taken and fully paid up at its par
value at the commencement OF he business of the
corporation; an< the balance of said stock may be
issued from time to time under such rules ana
regulations may be prescribed by the directors,
consistent with these articles.
The stock may be paid for in money or in proper
ty at valuation to be fixed and determined by the
directors at any special general meeting, by
resolution or order OF the board OF directors duly
entered of record in the record of the proceedings
of the board of directors particularly describing
the property and the price or value fixed thereon,
as to each item or parcel, and no property SHAH be
TAKEN and no stock nor certificate OF stock sban be
issued therefor until such order or Tessltten has
been SO made and duly recorded.
ARTICLE FOURTH.
The highest amount OF Indebtedness liability
to which said corporation shall at any time be liable
shall be the sun of five hundred thousand dollars.
And the total indebtedness and liability OF the cor
poration shall not at any time exceed the amount
of its full paid capital stock.
ARTICLE FIVE.
The names ana places OF residence C3 L.6 per-
sons forming this association for incorporation
as follow:
Herman Greve. residing at Saint Paul. Minnesota.
William Dap son, residing at Saint Paul, minnesota.
Arnold Kalman, residing at Saint Paul, Minnesota.
Ansel Oppenheim, residing at Saint Paul, Mime
sofa.
Robert A. Smith. residing at Saint Paul, Minnesota.
Emil NannheiIaer, residing at Saint Paul, Mime
sofa.
Robert Nannhcimer, residing at Saint Paul, Min
nesota.
ARTICLE SIX
The names of the persons who shall constitute
The first board OF directors OF said corporation are
the aforesaid Herr an Gr2Ye, William Dawson, Ar
mold Kaimon, Ansel OppcnheiIn, Robert A. Smith,
Emil MANNHEIM er and Robert Mannheimer. The
Off ers of said corporation shall be and consist of
apTsSideD vice president secretary and treasurer
The government of said corporation and the
management of its affairs shall be vested III lis Of
fcers and boald Of directors, to ne composed and
consist of seven directors including said office
who in addition 10 the rights powers aI'H -t,aE ~
thei, sever al and respective Oftic~ snail ha s,7
exercise all I'M rights, pc ers aud duties of direc-
tors.
The directors af,9r the first herein named shall
De ,cte5 annually by the stakeholder on the
, rntrd Thursday of December, in each year, az The
Office of the corporation in the said city OF SAINT
Paul, at the annual meeting of the stockh0lders,
which shall be held in each year, from and after
the first annual Getting of stockholders herelnat-
| ter provided, on that day ard commencing at tes
| (l0) O'Clock in the forenoon.
And the first annual meeting OF stockholders TOR
the election of directors shall be at ten 10 O'Clock
| in the forenoon of the third Thursday of DeceIn
her, A. D. 1854; to which time and until their sue
| cessors are elected and qualified the directors
| hereinbefore named shall hold their Offices and
constitute the board Of directors of said corpora
tion. The directors herein named and provided
shall hold meeting of directors for the election
of said officers of the corporation on Thursday, the
twentieth (20th day of December, A ID. 1885, at ter
10) O'Clock in the forenoon OF that day. at said of
flee of the corporation and shall then and at this
| meeting so held, elect from their own number the
said officers of the corporation for the ensuing
year, and the said directors shall thereafter ano
| on the third Thursday OF December OF each year
and as soon practically convenient after this
adjou nment of said stockholders meeting on thai
day, in case of dlournment, or ON the adjourned
day meet for the election of said officers of th'
corporation, and at such meeting shall elect from
their number and from the directors elect
said officers OF lh3 poratlCn for the year mex
ensuing.
The directors after the first herein named anG
provided. and the officers of said corporal ion shall
hold their respective Offices for year mex
| ensuing after their election, ard until their sue
| cessors are elected and qualified
| No person shall be director, or officer OF sale
corporation, who is not stakeholder therein.
Such general and special meetings of the stock
| holders, and also of the directors may be callec
md held as the interests and exigencies Of thC
business of the corporation may require. and q,
the same may he authorized and prescribed by th'
| bylaws of the corporation l.
The directors shall have power to fill any vacanc!
in any of the Offices of the corporation herein pro
vded, also to fill any vacancy in offices of direct
ors, at any epecial or general meeting Of tbs
directors.
The president, or in his absence, inability t.
act the vice president shall sign on the part o
the corporation all deeds other indentures o.
writings whatsoever, conveying, leasing charging
encumbering in any way affecting the lands
| tenenents hereditdmeuts. and zeal aid nike
estate and property any interest thor Elm, tn
rents or profits thereof belonging to the corpora
ton or in which it has any inter est, and eli suc
deeds, indentures and writings when signed b
| the president. or vice president shall be counter
signed by the secretary, or in his absence, or il
ability to act, the treasurer acting secretary
and the seal OF the corporation shall be theret
| affixed by such attesting officer.
| And other officer, director, or member OF sal
corporation, shall in sny case sign OF execute o
| the part of the corporation any such deet
| indenture writing.
| And no power of attorney shall in any case
made or given on the part of the corporation e1
cept by order of the board of directors naming tn
| grantee in the power, and specifically stating tn
| object of the power, and the authority conferred
| first duly made and entered of record III the re-
ord of the proceedings of said board.
ARTICLE SEVEN.
The capital stock of said corporation shall b
divided into twenty thousand shares OF fifty dcilai
each.
) In witness whereof we, the per SONS hereinbefoI
named es the incorporstors, have hereunto sui
, scribed our names and affixed our seals, each &c
J himself, this fourth day of December, a. d. 1873
4 | at the city CT Saint Fanl, Minnesota.
! HERMAN GREVE, Seal. J
= WILLIAM DAWSON, ESeal.
IEpHl.