St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-18
ARTICLES OF INCORPORATION
OF THE
GERVAIS LAKE SYNDICATE.

WE, THE UNDERSIGNED, do hereby
associate ourselves together for the pur-
pose Oh becoming corporation under the pro-
visions OF title two (2) of chapter thirty-four (3D
OF the General Statutes of the State of Minnesota
ana the several acts of the legislature of said
state amendatory thereof and for that purpose
do hereby adopt and sign these articles of incor-
poration, as follows, to-wit:
ARTICLE 1.
The name of this corporation shall be the Ger
Vals Lake Syndicate.
The general nature OF the business of this cor
poratlon shall be the buying, owning leasing
plating, improving, selling, mortgaging and deal
ing IN lands, tenements and Entertainments, 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 in the city of
st, Paul, Ramsey county, in said state of Minne-
sofa.
ARTICLE II.
The time of the commencement of the corpora
ton hereby organized shall be the twenty-fourth
(24th) day of May 1856, and the period of its con-
tinuance shall be thirty (30) 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 (S25200, and shall be paid in called for
Said corporation may purchase and buy its own
stock, and the stock so purchased and bought it
may retire and extinghish, or it may hold the
same without merger or extinguishment, and re-
issue it in the same manner and on the same
terms as other stock, the board of directors
may determine and elect.
~ s;f:fif
ayr ARTICLE ".
The highest amount of indebtedness or liability
to which said corporation shall at any time be
subject other than stock account shall not ex-
coed the sum of twenty-five thousand dollars
(s25,oOO).
ARTICLE v.
The names and places of residence of the per-
sons forming this corporation follows, viz:
Andrew Schoch, Aaron Herr. John H. Schurmeier,
Adam Boyer, Rudolph Martini, Frederick Anthem,
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
board of seven directors, who shall be sharehod-
ers in the corporation and who shall be elected at
the annual meeting of the stockholders. which
shall be held on the third odd Tuesday of May in
each year, and who shall hold Office until their
successors elected and qualified.
The executive officers of the corporation shall
be president, vice president secretary,
and treasurer, who shall be elected by
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
ONCE until 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 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 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 School, John
H Schumacher, Jacob Y.Wilson and Frederick AL
then, who shall hold Office until the first annual
meeting and until their successors are elected
and qualified.
ARTICLE VII.
The number and amount of shares of the capital,
stock of said corporation shall be two hundred and
ffty-two (252) shares of one hundred dollars (slO0)
each.
In testimony whereof we have bereunto set our