St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-11-14

T|NOW ALL MEN BY THESE PRESENTS.
II that we, the undersigned j. w. McClung,
F. D. Hager. j. Royal McMurran. Manly B. Curry
and A. G. Postlethwaite have agreed to and do
hereby associate ourselves together for the pur-
pose OF becoming Incorporated under and pur-
suant to the laws of the state of Minnesota, and
to that end we do hereby adopt and sign the fol-
lowing articles Of incorporation:
First-The name OF this corporation shall be the
sgt. Anthony Park North Real Estate Improve
ment company" and the general nature OF its
business shall be and is to buy own, hold, pos
sess. deal in, sell and dispose of lands and real
estate of every description, to plat, sub-dividc
and lay out lands into town sites additions, sub
divisions, lots and blocks; to build upon. cultivate
and improve lands, and generally to do every
thing incident to buying, owning, selling. mprov-
ing and dealing in lands, tenemenrs and heredIta-
ments, and to the successful prosecution OF gen.
eral real estate business. and to that end to ac-
qure. hold possess and dispose of such properly,
real. personal and mixed, as may be desirable
necessary convenient for that purpose.
The principal place for transactng he business
OF this corporation shall be St. Paul in the state
of Minnesota.
Second-The time of commencement of this
corporation shall be the Goth day of Novem-
Der, A. d. 1885, and the period of its continuance
shall be the term of twenty years.
Third The amount of the capital stock Of this
corporation shall be two hundred and seventy-hve
thousand dollars (S275,000) and it shall be divided
into twenty seven hundred and fifty (2750) shares
of the par value of one hundred (Sl00) dollars
each and one hundree (l00) per cent thereof
shall be paid in at the time the shares OF stock
are subscribed for and taken.
Fourth-The highest amountof Indebtedness or
liability to which said corporation shall at any
time be subject shall be twenty-five thousand dol
ars ($25, 000).
Fifth-The names and places of residence of
the persons forming this association for the pur-
pose of Incorporation are j. w. McClung resi-
dence st. Paul. Mimi. f. ID. Hager, residence st.
Paul, Mimi; j. Royal McMurran, residence st.
Paul, Mimi; Manly B. Curry, residence ST. Paul,
MIMI; and A. q. Postlethwalte, residence st.
Paul, MINI.
Sixth-The names of the first board of directors
of said corporation are j. w. McClung, +. ID.
Hager, j. Royal McMurran, Manly B. Curry and
A. G. Postlethwalte. OF whom J. w. McClung shall
De president, Manly B. Curry shall be secretary
and treasurer and f. D. Hager shall be vice
president Of said corporation and shall hold their
offices unit the first annual meeting of the stock
holders of said corporation hereinafter provided
for, unless sooner removed, and until their sue
cessors are elected and qualified.
The government OF said corporation and the
management of Its affairs shall be vested in a
board of FIVE directors all Of whom shall be
elected by and from the stockholders OF said cor
poration, at the annual meeting thereof, to be
held as herein provided, and the said directors
shall, Immediately after their election. organize
and elect from their number president. vice
president, secretary and treasurer, who shall be
the officers of said corporation, and who shall
hold their offices and perform such duties ard
have such powers as by the bylaws of said cor
poration may be prescribed, and two of such
Offices except that of president and vice presi-
dent, may be held by the same person.
The annual stockholders meeting of said cor
poration for the election of the board of directors
and the transaction OF such other business as may
properly before it shall be held on the third
Monday of November of each year. The first
annual stockholders meeting shall be held on the
first Monday of December, A d. 1886.
At any stockholders meeting each stakeholder
shall be entitled to one vote for each share of
stock held by him. and the holders of a majority
of the stock shall constitute quorum at such
meetings tor the transaction of business. Special
stockholders meetings shall be held at such times
and under such rules and regulations as to notice
or otherwise as may be prescribed by the bylaws.
In witness whereof the above-named incor-
porators have hereunto set their hands and seals
this third day of November, A. D. 1856.
J. w. McCLUNG. Seal
F. d. HAGER. [Seall
ROYAII MnMIIRR AN ISpal l