St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-25
ARTICLE FIRST.

i
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, Entertainments, 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.
The corporation shall commence on the 18th
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 ,O0O, 900 .0O)
dollars, and said capital stock shall be divided in
to twenty thousand shares of fifty $4,000 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
| own stock, and the stock so purchased and
| bought in may retire and extinguish, 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 aud 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 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
l Directors Darticulnrlv describing
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 of Five hundred thou
sand $500, 0O0) 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 are as follows:
Edward Langevin, William Dawson, Robert A.
Smith, Ansel Oppenheim, Herman Greve 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 be vested in
| President, Vice President, Secretary, Treasur-
| er and q Board of six Directors, including said
| 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 persons who shall constitute
| the first Board Of Directors of said corporation
are the aforesaid Edward Langevin, William
| Dawson, Robert A. Smith, Ansel 0ppenhem,
Herman Greve 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 (10) 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. D. 1885, to which time and until
their successors 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 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 soon 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
| 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 elected and qualified.
| No person shall be n Director 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
| cancy in any of the offices of the corporation
herein provided, also to ill 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 10
act, the Vice-President shall sign on the part OF
| the corporation, all deeds or other indentures or
writings whatsoever conveying, leasing, charging,
encumbering or in any way affecting the lands,
| tenements, Entertainments and real and mixed
| property or any interest therein, or the rents
profits thereof belonging to the corporation or in
| which it has any interest, and all such deeds in
| dentures and writings when signed by the
| President or Vice-President shall be counter
| signed by the Secretary, 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 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 on 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 seals, each for
himself, this 18th day of March, A. d. 1884.
| In presence Of
W. DAWSON, Jr.
s. e. DAWSON.
WILLIAM DAWSON, Gseal1
| ROBERT A. SMITH. fSealI