St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-30
REAL ESTATE Eop SAFE

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THE UNDERSIGNED CITIZENS OF MINNIE.
sofa, Tor the purpose of becoming incorpor
ated and creating corporation under the laws OF
Minnesota, hereby adopt ana sign the followinS
articles of interpretations:
FIRST.
The name OF the corporation shah be the st
raul Investment Company. The general nature
OF lts business shall be the buying, owning, i'm
proving, selling and dealing in lands, tenementa
and Entertainments, real mixed and persona
estate and property, and to loan money either fol
themselves, or as agents for others, upon bonds
promissory notes or other obligations which arr
secured by mortgage upon real estate within thi
state or elsewhere, and in the negotiation for such
loans for themselves or others in connection with
such business for themselves or others TO pur
chase, acquire, hold. SELL hypothecate assign
transfer OF convey any obligation aforesaid and
10 collect foreelose, compound satisfy the same
and the principal place of transacting said bust.
ness shall be in the city OF st. Paul and state Of
Minnesota.
SECOND.
The time OF the commencement of sa id corpora,
ton shall be April Z, 1886, and the period Of ti
continuance shall be for thirty years.
THIRD.
The amount of the capital stock Of
said corporation shall be thirty thousand
dollars, which shall be paid in in INSTALL
ments OF one dollar upon each share. TO be paid
monthly at the regular monthly meetings of the
SAID corporation to be held upon the second Tues.
day of each month, or at such other times and un.
der such regulations as the bylaws shall direct.
FOURTH.
The highest amount of indebtedness or liability
10 which said corporation shall at any time be sub.
ject, shall be twenty thousand dollars.
FIFTH.
The names of the persons forming said corpora
ton are Edward McNamee, James p. McGoldrick
John E. Barry James A. Meade, John Twohy Jr,
George G. Futvoye. Patrick 0Halloran, ]. Joseph
Joyce, John Ruse. all residing in the city of St
Paul and state OF Minnesota.
The persons last above named shall constitute
the first board of directors of said corporation and
they shall hold their Offices until the second
Tuesday of January, 1887, at which time nine
directors, each OF whom shall be a stakeholder in
said corporation, shall be elected by the stock.
holders of said corporation, three of whom shall
hold their Office for one year, three for two YEAR,
and three for three years. and there shall be elected
annually by the stockholders after the second
tuesday IN January, 1887, upon the second Tues.
day in January in each year, three directors whd
shall be stockholders aforesaid to ill the va.
eancies caused by the expiration of the term OF
such OF the directors then occur who shall hold
their office for three years and until their success.
sors are elected and qualified. The government
OF said corporation and the management of its
affairs shall be vested in said board of directors
and the following officers, to-wit: A president
vice president, misunderstanding and general
manager, who shall be elected by the said board
of directors, and from their number, Immediately
after the formation of the corporation; such Off
GERS shall hold their Office until the election of di.
rectors, as aforesaid, upon the second Tuesday of
January, 1887, when their successors shall bs
elected by the new board of directors, and from
their number. and thereafter after each annual
election of directors they shall elect from their
number such officers, who shall hold their offica
until their successors are elected and qualified.
SEVENTH
There shall be six hundred shares of the capital
stock of the amount of fifty dollars share.
In witness whereof we have hereunto set our
hands and seals this 26th day of March, 1856.
EDWARD MeNAMEE, TSeaL I
JAMES P. McGOLDRICK, 1SeaL /
JOHN E. BARRY, fSeal.
JAMES a. MEADE, Seal. |
JNO. TWOHY, JR., fSeal1
GEORGE c. FUTVOYE. TSeal |
PATRICK O'HALLORAN, fSeal |
]. JOSEPH JOYCE, TSeal. |
| JOHN RUSE, Seal |
| In presence of
JOHN ID. OBRIEN,
S. j. DONNELLEY.