St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-24
ARTICLE FIRST.

ARTICLE FIRST.
The name of said corporation shall be tbs
''West Saint Paul Real Estate and Improvement
Syndicate" The general nature Of the busines
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 ansacting 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 81, OOO, 900. 00)
dollars and said capital stock shall be divided in
to twenty thousand shares Of fifty $3.50 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
own stock, and the stock so purchased and
bought in may retire and extinguish, or may hold
without merger extnguishment the stock so
purchased and bought in, and reissue the same in
the same manner, and on the same terms Other
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
al
\ Board of Directors, particularly describing the
property and the price or value fixed thereon, Us
| TO each item or parcel, and no property shall 10
taken, and no stock or 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 $4,000 dollars. And the total indebted
ness and liability of the corporation shall not ut
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 q
President, Vice President, Secretary, a Treasur-
| er and u 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 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 at
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 ut
| 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. 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 meeting Of Directors for the election Of
| officers OF the corporation, who shall consist of a
| 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 as 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
| hair bar tha
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 elected and qualified.
No person shall be Director officer of said
| corporation who is not 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 general meet
ing Of the Board of Directors
The President, or in his absence or inability to
act the Vice President, shall sign 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, hereditaments and real and mixed
property or any interest therein, or the rents or
profits thereof belonging to the corporation or in
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 or 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 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 our seals, each for
himself, this 18th day Of March, A. D. 1884.
In presence Of
! W. DAWSON, Jr.
| S. E. DAWSON.
WILLIAM DAWSON, Tseall