St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-14
ARTICLES OF INCORPORATION
OF
The American Live Stock Insurance
Company.
OFFICE OF THE CITY TREASURER, !
ST. PAUL, Mimi, Oct. 10. 1886. (

The undersigned do hereby associate them
selves together for the purpose of incorporation,
under and pursuant to Title of Chapter 81 of the
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 name of this corporation shall be and is
"The American Live 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-
miums for such insurance and receipting there
for 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 disposing 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-
tlon shall be at the City of st. Paul, County Of
Ramsey, Minnesota, at which place shall be located
the general oficeof this company.
The time of commencement of this corporation
shall be the fourteenth day of October 4. D.
1885, and the period of its continuance shall be-
fifty (50) years therefrom-
III.
The amount of capital stock of this corporation
shall be one hundred thousand dollars (slOO 000),
cash, the balance in such amounts and manner as
shall be determined by the Board of Directors.
".
The highest amount of indebtedness or liability
to which this corporation shall be at any time SUBJ
ject, exclusive OF its contingent liability in cou-
nection with its policies of insurance. shall be the
sum of ten thousand dollars $4,000.
The names and places Of residence of the per
sons forming this association or corporation are
as follows: H. G. Mead, Minneapolis, Mimi.
Chicago. Ills, Newton McKusick. Saltwater,
Mimi, George W. Sherwood, st. Paul. Mimi, 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. DeGraf, st. Paul.
Mimi. a. G. Wilcox, Minneapolis MINI.
VI
The government of this corporation and the
management of its affairs shall be vested in q
Board OF Directors composed of eleven(I mem
bers and to be chosen by the stockholders annu-
ally, from among their own members at the
nual meeting of this corporation. each and every
year, commencing with the annual meeting in the
year 1887.
The officers of this corporation shall consist of
president, first and second vice presidents, seere-
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 are elected and qualified.
The annual meeting of the stockholders of this
corporation shall be held on the second Tuesday
IN January OIL edcn year. IL LOT any reason tnerS
should be failure to elect officers at the times
specified above, such election may 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
Q,0O0) shares at one hundred dollars $500 each.
In witness whereof we have hereunto placed ouI
hands and seals this sth day Of October, a. D.
1886.
H G. MEAD. TSeaI.1
GEO. W. CORY. LSea1.1
ISAAC STAPLES. Seal
GEO. W. SHERWOOD. Seal
NEWTON MCKUSICK. Seal
EDWIN A. JAGGARD. Seal
s. s. EATON Seal
C. A. DEGRAFF. Seal
A. G. WILCOX. Seal
DIV. WOODMANSEE. Seal
z. G. LONG. Seal
In the presence of W. b. Hart and Fred Wood
bourne for II. C. Mead. VIM. Reed and Fred Wood
bourne for Geo. w. Cory, j. F. Schusler and L. B,
Castle for Isaac Staples. VIM. Knight and Fred
Woodbourne for Geo. W. Sherwood. j. F. Schusle1
and L. B. Castle for Newton McKusick, Fred
Woodbourne and s. G. Sloan for Edwin A. Jag
gard Fred Woodbourne and ". 81. Hart for 5. 5.
Eaton, Fred Woodbourne and J. P. Pond for c.
A. DeGraff, DR.. VIM. P. Young and A B. Hush
for A. G.. Wilcox, Norman Kittson and Fred
Woodbourne to D. W. Woodmansee, Fred Wood
bourne and George Graham for Z. c. Long.