St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-22

iHSOIPOldIlOn, ana OIL Deln8 created and cOnSt1-
tuted corporation under and by virtue OF the
laws and statutes of the State of Minnesota and
for that purpose have adopted and signed, and do
hereby adopt and sign, the following articles OF
incorporation:
ARTICLE FIRST.
The name of said corporation shall be the
''West Saint Paul Real Estate and improvement
Syndicate" The general nature of the business
of said corporation shall be the buying, owning,
improving, selling and dealing in lands, tene-
ments, hereditaments real, mixed and personal
property and real estate.
The principal place of transacting the business
OF said corporation shall be the city of Saint Paul.
In the county of Ramsey, and State Of Minnesota,
where its principal office shall be kept.
ARTICLE SECOND.
day Of March, A. D. 1884, and continue for thirty
years.
ARTICLE THIRD.
The amount Of the capital stock Of this cor
poration shall be one million Isl, OOO 600 OO)
dollars, and said capital stock shall be divided in
to twenty thousand shares of fifty (S50.OO dollars
each
No stock nor any certificate of stock shall at
any time be issued until the full par value there
of has been actually paid in.
Said corporation may purchase and buy in its
bought in may retire and extinguish, 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 as othe-
stock, as the Board Of Directors may determine
and elect
Two thousand shares Of stock Of said corpora
ton shall be subscribed for and taken, and fully
paid up at its par value, at the commencement OF
the business of the corporation, and the balance
of said stock may be issued from time to time,
under such rules and regulations as may be pre-
scribed by the Board Of Directors consistent with
these articles
The stock may be paid for in money or in
property, at valuation to be fixed and deter
mined by the Board of Directors, at any special
or general meeting by resolution or order 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 shall be
taken, and no stock certificate of stock shall
be issued therefor until such order or resolution
has been so made and recorded.
ARTICLE FOURTH.
The highest amount of Indebtedness or liza
bility to which said corporation shall at any time
be liable shall be the sum of Five hundred thou
sand (S500,000) dollars. And the total indebted
ness and liability of the corporation shall not at
any time exceed the amount of its full paid up
capital stock.
ARTICLE FIFTH.
The names and places of residence OF the per-
sons forming said corporation follows:
Edward Langevin, William Dawson Robert A.
Smith, Ansel Oppenheim, Herman Greye and
Arnold Kalman, each of whom resides at Saint
Paul in the State of Minnesota,
ARTICLE SIXTH.
The government of said corporation and the
management of its affairs shall DO vested in
President, Vice President, Secretary, a Treasur-
and I'll Of Cix incl Z, ru.fI
officers, who in addition to the rights powers
and duties of their several and respective offices,
shall have and exercise all the rights, powers and
duties of Directors.
The names of the persona who shall constitute
the first Board of Directors of said corporation
are the aforesaid Edward Langevin, William
Dawson, Robert A. Smith, Ansel Oppenheim,
Herman Greye and Arnold Kalman,
The Directors, after the first herein named,
shall be elected annually by the stockholders on
the 18th day of March in each year, at the office
| of the corporation in said city of Saint Paul ut
the annual meeting of the stockholders,
which shall be held in each year, from and after
the first annual meeting of stockholders herein
after provided, on that day and commencing at
ten Q0) O'Clock in the forenoon.
The first annual meeting of stockholders for
the election of Directors shall take place on the
18th of March, a. ID. 1885, TO which time and until
| their successors are elected and qualified the
| Directors hereinbefore named shall hold their
offices aud constitute the Board OF Directors OF
| said corporation.
The Directors herein named and provided shall
hold a meeting of Directors for the election Of
officers of the corporation, who shall consist of
President, Vice President Secretary and Treas
urer, on Thursday, the first day of May, A. ID.
1884, at ten O'Clock in the forenoon of that day,
at the Office Of said corporation, and shall then
and at the meeting so held elect from their own
number the said officers of the corporation for
the ensuing year. The said Directors shall
thereafter and on the 18th of March of each year,
and practically convenient after the adj
journment Of said stockholders meeting on that
day, or in case of adjournment on the adjourned
day meet for the election of said officers of the
incorporation, and at such meeting shall elect
from their own number and from the Directors
elect said officers of the corporation for the year
next ensuing.
The Directors after the first herein named and
provided, and the officers of said corporation
shall hold their respective offices for year
next ensuing after the election, and until their
successors are elected and qualified.
No person shall be a Director or officer of said
corporation who is not a stakeholder therein.
Such general and special meetings of the stock
holders and also of the Directors may be called
and held as the interests and exigencies Of the
business of the corporation may require, and as
the same may be authorized and prescribed by
the bylaws of the corporation.
The Directors shall have power to fill any va
cancy in any of the offices of the corporation
herein provided also to fill any vacancy in the
Board of Directors at any special or general meet
ing of the Board of Directors.
The President, or in his absence or inability to
act, the Vice-Presdent, shall sign on the part OF
the corporation, all deeds other indentures
writings whatsoever conveying, leasing, charging,
| encumbering in any way affecting the lands,
tenements, Entertainments and real and mixed
property or any interest therein, or the rents
70 bplOUOinO n
which it has any interest, and all such deeds, in
dentures and writings when SO signed by the
| President or Vice-President shall be counter
| signed by the Secretary, or in his absence in
ability to act, the Treasurer acting Secretary,
| and the seal of the corporation shall
| be thereto affixed by such attesting officer,
| and no other officer, director or member of said
| corporation shall in any case sign or execute on
| the part of the corporation any such deed, in
| denture or writing.
No power of attorney shall in any case be
| made or given the part Of the corporation
except by order of the board of directors, naming
the grantee in the power and specifically stating
! the object Of the power and the authority con-
| ferred first duly made and entered Of record in
| the record of the proceedings of said board
| In witness whereof we, the persons herein be-
| fore named as incorporators, have hereunto sub
scribed our names and affixed our seals, each for
himself, this 18th day of March, A. d. 1884.
| In presence Of
w. DAWSON, Jr.
| S. E. DAWSON.
WILLIAM DAWSON, T8eal.l
chr fcr-.