St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-27
\ Rr1cLEs OF INCORPORATION OF

| A RTICLES OF INCORPORATION OF
| n 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 i. The name of this corporation
shall be ''St. Paul Permanent Loan Com
| pany." The general nature of its business
shall be the looming of moneys; the purchase
holding and sale OF bonds mortgages, stocks
and any other personal property; the issu-
anee 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
4 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. z. The time of commencement of
this corporation shall be on the tenth QOth)
| day of December, A. D.. 1883 land the period
| of its continuance shall be thirty go, years.
Art. 3. The amount of stock of the cor
poration shall be one million dollars Isl, OOO.-
OOO,) divided into twenty thousand (2OOJO)
| shares OF fifty $500 dollars each, and shall
| be paid for in such manner and in such in
sta llments 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 s: The names and places of resi-
| ton are as follows: William Dawson, Jr.. of
| st Paul. MIMI: William A Somers. of st.
Paul, Mimi; Edmund Rice, Jr. of st. Paul,
| Minn.: Henry FL. Fuller of ST. Paul, Mimi;
| Conrad A. Kerst, of ST. Paul, Mimi.
| Art. 6. The government of this CORPORA
| ton and 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
| ton, organize and elect from their number a
president, vice president, secretary and
| treasurer.
| The directors of the corporation shall be
| elected for the term of one year, ana shall
| hold their office until their successors are
| elected and qualified; provided that any va
cancy IN the board of directors may be filed
| By vote of a majority of the remaining mem.
bers.
The annual meeting of the stockholders
or said corporation for the election of a
board OF directors and the transaction Of
| such other business as may properly come
| before it shall be held at the office of said
corporation, in the city of st. Paul on the
third Monday in October in each year pro-
yided that the first annual meeting
the third Monday of October in
the year A. D. 1889, and special meetings OF
the stockholders shall be held at such times
ana under such rules and regulations as
may be prescribed by the bylaws; at ali
meetings stockholders may be represented
and vote by proxy; each stockholder shalt
| be entitled to one vote for each share OF
stock held by him. aud the holders of ma
| Jorlty OF the stock shall constitute a quorum.
The 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 Fl.
Fuller shall be president, Edmund Rice, Jr,,
shall be vice president. William A. Somers
Shall be secretary, and William Dawson, Jr.,
shall be treasurer; and shall hold their
offices until the first annual meeting of the
stockholders, to be held on the third Monday
in October. A. d. 1889. and until their sue.
| eessors are elected and qualified
In witnese whereof we have hereuuto SET
our hands and seal this twentieth day of No.
vember, A. ID. 1888.
WILLIAM DAWSON, JR. [Seal.l
WILLIAM A. SOMERS. iSeali
EDMUND RICE. JR ISeali
HENRY II. FULLER fSealI
CONRAD A. KERST. fSeali
In presence Of
G. C. SHARP.
c. r. ROBBINS.