St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-16
ARTICLES OF INCORPORATION
The American Live Stock Insurance
Company.

The undersigned do hereby associate them.
selves together Tor the purpose of incorporation,
under and pursuant to Title of Chapter "a of thu
General Statutes OF the State of Minnesota, and
the several acts amendatory thereof, and hereby
form body polite and corporate, and adopt the
following articles of incorporation:
The of this corpssetion shall be and I.
1.-The American We Stock Insurance Company"
The general nature of its business shall be the
insuring of live stock against death by accident
or disease, and against theft The issuing of poll
cies for such insurance. The collecting of pre-
mums for such insurance and receipting there
fer. The investing of the money and funds
of the corporation On mortgage or other Sc
curity, and the receiving, collecting, receipting
for. demanding and enforcing payment of such
loans and interest thereon The purchasing,
owning controlling. selling mortgaging, convey
ing improving. managing, assigning pledging or
otherwise disposng of so much real and personal
property may be required or is deemed advis
able for the and best interests OF said corpora
ton and its business.
The principal place of business of this corpora
tIon shall be at the City of st. Paul, County of
Ramsey, Minnesota. which place shall be located
the general of1ceof this company.
The time of commencement of this corporation
shall be the fourteenth day of October A. D.
1886. and the period of its continuance shall be
fifty (50) years therefrom.
III
The amount of capital stock of this corporation
shall be hundred thousand dollars ($l00 000),
twenty per cent. (20) of which shall be paid in
cash the balance in such amounts and manner as
shall be determined by the Board of Directors.
The highest amount of Indebtedness or liabfrvS
to which this corporation shall be at any time SUBJ
nection with its policies of insurance. shall be the
sum of ten thousand dollars (sl0,060).
The names and places of residence of the per
sons forming this association corporation are
as follows: H c. Mead, Minneapolis, Mimi,
Isaac Staples. saltwater. Mimi, George W. Cory.
Chicago Ills Newton McKusick. saltwater.
Mimi, George w Sherwood, st. Paul, Minn D.
w. Woodmansee. st. Paul. Mimi. S. S. Eaton. St.
Paul. Mimi, e. G. Long st. Paul, Mimi, Edwin
A. Jaggard. St Paul. Mimi, A. DeGraff, ST. Paul.
Mimi, A. G. Wilcox, Minneapolis, Mimi.
VI
The government of this corporation and the
management of its affairs shall be vested in
Board or Directors composed of eleven CD mem
bers and to be chosen by the stock holders annu-
ally, from among their members at the an
nual meeting of this corporation. each and every
year. commencing with the annual NEE ting in the
year 1887.
The officers of this corporation shall consist of a
president first and second vice presidents, secre-
tary treasurer who shall be stockholders and
shall be chosen by the Board of Directors at their
first meeting Immediately succeeding the annual
meeting of the stockholders. All officers and
directors shall hold their Office until their success
sors elected and qualified.
The annual meeting of the stockholders of this
corporation shall be held on the second Tuesday
in January of each year. If for any reason there
should be failure to elect officers at the times
| specified above, such election be had at any
special meeting of the stockholders, or at any
meeting of the Board of Directors respectively,
called for that purpose.
The following persons shall constitute the Board
of Directors of this corporation until the annual
stockholders meeting in 1887: Isaac Staples,
George w. Sherwood Newton McKusick S. s.
Eaton, E. c. Long. E. A. Jaggard, Charles A De
Graft. A. G.. Wilcox. d. w. Woodmansee, II. C.
Mead, George w Cory.
The first officers of this corporation shall be
chosen at the first meeting of said Board Of
Directors.
The number and amount of shares of capital
stock of this corporation shall be one thousand
$1,000 shares at one hundred dollars (S10O) each.
In witness whereof we have hereunto placed our
hands and seals this 9Th day of october, a. D
1856.