Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-15

fhe Saint Paul Real Estate and Improve
nGnl Company.
Know all men by these Presents. That wa whose
names are hereunto subscribed, have agreed te as
sociate and do hereby associate ourselves together
for the purposes of Incorporation ard of hefps
created and constituted a Corporation 1ydar III
by virtue of the laws and statutes of the stata At
Minnesota, and to that end and for thar Durn,se
have, and do hereby adopt and sign the feWass,;sS
Articles OF Interpretations:
ARTICLE FIRST.
The name of said corporation shall be TEE SAINT
PAUL REAL ESTATE AND IMPROVEMENT CoapAxy
The general nature of the business of said cor
poration shall be the buying owning, Improving
selling and dealing il. lands, tenements, heredfta-
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 Paa
In the county of Ramsey, in the state Of Minnsesta
where It's principal Office shall be kept.
ARTICLE SECOND.
The corporation shall commence on 'the Nine
teenth (1eth) day OF December, A. D. 1885, and CEN
dnue for thirty years.
AhI1CLE IdhEE.
The amount of the capitol stock OF said corpora
ton shall be one million OF dollars.
No STOCK, nor any certificate of stock shall at aRy
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 so purchased and bousht
In may retire and extlnguish, or may hold without
merger or extinguishment the stock so purchased
and bought in, and reissue the same in the same
manner and on the same terms other stock: as
the directors may determine and elect.
One hundred thousand dollars, OR two thousand
shares of stock of said corporation shall ZEE sub
scribed for and taken and fully paid up at it's par
value at the commencement of he business of the
corporations; an the balance of said stock may be
issued from time to time under such rules and
regulations as 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 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 value fixed thereon,
as to each item or parcel and property shah be
taken and no stock, certificate of stock shah be
Issued therefor until such order or resolution has
been so made and duly recorded
ARTICLE FOURTH.
The highest amount of indebtedness or liability
to which said CORPORATION shall at any time be liable
shall be the OF five hundred Thousand dollars
And the total Indebtedness and liability of the cor
poration shall not at any time exceed the aI4oEnt
Of its full paid capital stock.
ARTICLE FIVE.
The names and places OF residence of the per-
sons forming this association for incorporation
as follow:
Herman Greve, residing at Saint Paul, Mfnnesota.
William Daw 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
mil ha Mt go inf limo
sofa.
Robert Mannheimer, residing at Saint Paul, Min
nesota.
ARTICLE SIX.
The names of the persons who shall constitute
the first board of dir ectOrs of said corporation
the aforesaid Herr en- Greye, William Dawson, Ar
mold Kaiman Ansel Oppenheim, Robert A. Smith,
Emil Mannhen er and Robert Mannheimer. The
Off of said corporation shall be and consist of
president vice president secretary and treasurer.
The government of said corporation, and the
management OF its affairs shall be vested in its of
hcers and board OF directors, to be composed and
consist of directors including said officers,
who in addition to the rights, powers and duties of
their sever al and respective offices snail have and
exercise ell the rights, powers and duties of direc
tors.
The directors after the first herein named, shall
be elected annually by the stockho ders on the
third Thursday of December, in each year. at the
Office of the corporation III the said city of Saint
Paul, at the annual meeting OF the stockholders,
which shall be held in each year. from and after
the first annual Getting of stockholders heIeinaf-
ter provided. on that day and commencing at ten
(1e) O'Clock in the forenoon.
And the first annual meeting of stockholders for
the election of directors shall be at ten 1O) O'Clock
in the forenoon of the third Thursday of Decen-
Der, A. d. 1884; to which time and until their
cessors are elected and qualified the directors
hereinbefore named shall hold their offices and
constitute the board of directors of said corpora
t1or. The directors herein named and provided,
shall hold a meeting of directors for the election
of said officers OF the corporation Thursday the
twentieth !2othl day of December A. D. 1888, at ten
10 O'Clock in the forenoon of that day, at said Of
fee of the corporation and shall then and at this
meeting 80 held, elect from their own number the
said officers of the corporation for the ensuing
year. and the said directors shall thereafter and
on the third Thursday of December of each year
| and soon practically convenient after the
adjou nment of said stockholders meeting on that
day, or In case of adjournment the adjourned
day meet for the eiecti of said officers of the
corporation, and al such meeting shall elect FROM
their own number and rom the directors elect,
said officers of he corporation for the year next
ensuing.
Tho directors after the first herein named and
provided and the officers OF said CORPORATION shall
hold their respective Offices for one year next
ensuing after their election, ard until their sue
cessors are elected and qualified
no person shall be director" officer of said
corporation, who j. not & stakeholder therein.
Such general and special meetings of the stock
holders, and also of the directors may be called
and held the interests and exigefcies of the
business Of the corporation may require and az
The me may he authorized and prescribed by the
by-iaws OF the corporation.
in any Of the fce~ % tAe corporation herein pro
vded, also 10 fill any vacancy r. offices OF direct
ors at any special or general meeting OF the
directors.
The president. or Jr Lis ab-erce. or inability 10
set, tue vice resident shell sign ca the part Of
tie corporation all deeds or other iuGcEtures or
writing whatsoever, convey ur, Leasing. charging,
encumberjne, or IN auy way affecting the lands,
tenement. heredit mclte. ard real a. mixed
estate and pre- perry any interest the cn or the
rents or pr his thereof belonging to the corpora
tfUn Or il which it has any i1te est and sIl such
deeds, indenUre=, and writings wi eu so sisned by
the president, or vice president, shall be counter
signed by The secretary, or in lis absence, or in
ability to act, tine treasurer as acting secretary
and the seal Of the corporation shall be therefs
affixed by such attesting officer.
And TO other officer director or member of aid
corporation, shall IL sny sign or execute on
the part OF the corporation any such deed,
indenture writing.
And no power of attorney shall in any case be
made or given on the part of the corporation ex-
cept by order of he board of directors naming the
grantee in the power. and specifically stating the
object of the power, and the authority conferred
first duly made and entered of record in the rec
ord of the proceedings of said board
ARTICLE SEVEN
The capital stock of said corporation shall be
divided into twenty thousand shares of fifty dollars
each.
In witness whereof we, the persons hereinbefore
named the iucorporafoyS To nh.