St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-23
ARTICLE FIRST.

lor IudL purpose nave adopted anu signed, ana 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, 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 1000, 0000O
dollars and said capital stock shall be divided in
to twenty thousand shares of fifty (S5000) 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 or 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 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 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 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
bity to which said corporation shall at any time
be liable shall be the sum of Five hundred thou
sand (S500,00 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 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-
and 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 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 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 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 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
President, Vice President, Secretary and Treas
urer, on Thursday, the first day of May, A. d.
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 ad-
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 one year
next ensuing after the election, and until their
successors are elected and qualified.
No person shall be Director or 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 or general meet
ing of the Board of Directors.
The President, or in his absence or inability to
act the Vice-President, shall sign on the part of
the corporation, all deeds 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 1t 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 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 SUBJ
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, [seall
ROBERT A. SMITH, fSeal1
HERMAN GREVE, Seal
n