St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-23
ARTICLES OF INCORPORATION
OF THE
GERVAIS LAKE SYNDICATE.

WE, THE UNDERSIGNED, do hereby
w associate ourselves together for the pur-
pose of becoming corporation under the pro-
visions of title two 2) of chapter thirty-four (3)
or the General Statutes of the State of Minnesota
and the several acts of the legislature of said
state amendatory thereof, and for that purpose
do hereby adopt and sign these articles Of incor-
poraton, as follows, to-wit:
ARTICLE 1.
The name of this corporation shall be the Ger
vais Lake Syndicate.
The general nature OF the business of this cor
poration shall be the buying, owning, leasing,
plating. improving, selling, mortgagng and deal
ing in lands. tenements and Embellishments, and
real. personal and mixed estate in the state of
Minnesota.
The principal place for the transaction of the
business of this corporation shall be the city of
st. Paul, Ramsey county, in said state OF Mime
sofa.
The time of the commencement of the corpora
tion hereby organized shall be the twenty-fourth
(24th) day of May, 1886, and the period of its con-
tnuance shall be thirty 500 years from said date
of commencement.
ARTICLE III.
The amount of the capital stock of this corpora
ton shall be twenty-five thousand two hundred
dollars ($25 2O0 and shall be paid in called for
by the board of directors.
Said corporation may purchase and buy its own
stock, and the stock purchased and bought it
may retire and extinguish, or it may hold the
same without merger or extinguishmnent, and re-
issue it in the same manner and on the same
terms as other stock, as the board of directors
may determine and elect.
ARTICLE ".
The highest amount of Indebtedness or liability
to which said corporation shall at any time be
subject other than on stock account shall not ex-
coed the of twenty-five thousand dollars
(S25,000).
ARTICLE v.
The names and places of residence OF the per-
sons forming this corporation follows, viz:
Andrew Schoch, Aaron Herr John n. Schumacher
Adam Boyer, Rudolph Martini, Frederick Anthem
Emanuel Good, Jacob V. Wilson, Ferdinand
Knauft, William f. Fifeld, Jacob f. Jaeger, Henry
F. Vessel, all residing in the city of ST Paul,
Ramsey county, Minnesota.
ARTICLE VI.
The government of this corporation and the
management of its affairs are hereby vested in a
board of seven directors, who shall be sharehold-
ers in the corporation, and who shall be elected at
the annual meeting of the stockholders. which
shall be held on the third (3d) Tuesday of May in
each year, and who shall hold Office until their
successors are elected and qualified.
The executive officers of the corporation shall
be a president, vice president, secretary,
the board of directors from their own num-
Der at its first meeting and at the first
meeting of the board after the annual meeting of
the stockholders in each year, and who shall hold
oficesuntil their successors are elected and quail
fed.
The president and secretary shall sign all deeds
and all other instruments which may be necessary
for the business of the corporation for and in the
name of the corporation, and shall exercise such
other powers and duties as the bylaws shall pre-
scribe.
Vacancies in the board of directors or in the
said officers of the corporation shall be filled by
the board of directors at any regular or special
meeting held in pursuance of the bylaws
The names OF the persons forming the first board
of directors are, Ferdinand Knauft, Emanuel
Good, William F. Fifield, Andrew Schoch, John
H. Schumacher, Jacob V.Wilson and Frederick Al
then, who shall hold Office until the first annual
meeting and until their successors are elected
and qualified.
ARTICLE VII. 80 stssat
The number and amount of shares OF the capital
stock of said corporation shall be two hundred and
fftytwo C252) shares OF one hundred dollars ($10O
each,