St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-26
A RTIeLEs OF INCORPORATION

A RTICLES OF INCORPORATION OF
IN St. Paul Permanent Loan Company
We, the undersigned, do hereby associate
ourselves together for the purpose of be-
coming corporation under the laws of the
State of Minnesota, and for that purpose do
hereby adopt and sign these Articles of In
corporation.
Article L. The name of this corporation
shall be sSt. Paul Permanent Loan Com
pany" The general nature of its business
shall be the loaning of moneys; the purchase
holding and sale of bonds, mortgages. stocks
and any other personal property; the issu-
ance and negotiation of bonds, mortgages,
debentures and other obligations; the pur-
chase. holding, sale, improving and leasing
OF real estate; and the building, renting and
sale of houses.
The principal place of business of the cor
poration shall be i'll the City of st. Paul,
Ramsey County, Minnesota.
Art. = The time OF commencement OF
day OF December, A: d.. 1SSS;a land the period
of its continuance shall be thirty 800 years
Art. B. The amount of stock of the cor
poration shall be one million dollars (S1 .0OD.-
OOO) divided into twenty thousand (2OOOO
shares of fifty $50 dollars each, and shall
be paid for i'll such manner and in such in
sta ailments as may be ordered by the Board
of Directors.
Art. 4. The highest amount of indebt-
edness or liability TO which this corporation
shall at any time be subject is the sum of
seven hundred and fifty thousand $780,
O0O) dollars.
Art. 5: The names and places of resi-.
aence OF the persons forming this corpora
ton are as follows: William Dawson. Jr, Of
81 raul: MIMI: William A. Somers, of st.
Paul. Mimi; Edmund Rice, Jr., of st. Paul,
Mimi. Henry Il. Fuller, of ST. Paul, Mimi;
Conrad A. Kerst of st. Paul, Mimi.
Art. D. The government of this CORPORA
ton ana the management of its affairs Shall
be vested in board of five directors, all of
whom shall be elected from and by the stock
holders at the regular annual meeting there
OF, to be held as herein provided. The said
directors shall, Immediately after their cleo
tion organize and elect from their number
president, vice president, secretary and
treasurer ID.
The directors of the corporation shall be
elected for the term of one wear ana shall
hold their Office until their successors are
elected and Qualified :proyitied that any va
cancy IN the board of directors may be filled
bers.
The annual meeting of the stockholders
or SAID corporation for the election of q
board OF directors and the transaction of
sueh other business as may properly come
before it shall be held at the office of said
third Monday in October in each year: pro-
vided that the first annual meeting
OF stockholders shall be held on
the third Monday of October in
tne year A. ~. 1883, ana special meetings or
the stockholders.sh be held at such times
and under such rules and regulations as
may be prescribed by the bylaws at air
meetings stockholders may be represented
and vote by proxy; each s,ockholder shall
be entitled to one Vote for each share of
STOCK held by him. aud the holders of ma
1ority of the stock shall constitute quorum.
Ihe names of the first board of directors
shall be-William Dawson. Jr., William A.
Somers, Edmund Rice, Jr, Henry H. Fuller
and Conrad A. kerst of whom Henry III,
Fuller shall be president, Edmund Rice, Jr,,
shall be vice president, William A. Somers
shall be secretary, and William Dawson, :r,
snail be treasiiref~;- and shall hold. their
offices untilthe first animal meeting of the
stockholders, to be held on the third Monday
III October A. d. 1889, and until their sue.
cessors are elected and qualified
In wltnese whereof we have hereunto set
our hands and seal this twentieth day of No
vember, A. ID. 1888
WILLIAM DAWSON, JR. FSeal.1
WILLIAM A. SOMERS fSeali
EDMUND RICE. JR. fSealj
HENRY III. FULLER. fSeal.1
CONRAD A. KERST. fSeali
In presence Of
&C. SHARP
G.. II. ROBBINS