St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-29

| 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 1. The ma of this corporation
| shall be 'St. 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
ana any other personal properly; 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
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 doth
day OF December, A: d.. 1888 land the period
OF Its continuance shall be thirty 900 years.
Art 3. The amount of stock of the cor
poration shall be one million dollars (SI, OOO.-
OOo,) divided into twenty thousand go, OOO)
shares of fifty $50 dollars each, and shalt
be paid for in such manner and in such in
staIlments as may be ordered by the Board
of Directors
Art. A. The highest amount of indebt-
edness or liability to which this corporation
Shall at any time be subject is the sum of
000) dollars. w.
Art. 8: The names and places of resi-
dence OF the persons forming this corpora
ton u are as follows; William Dawson. Jr., of
81. raul: MINI; William A. Somers. of st.
Paul, Mimi; Edmund Rice, DR., of St Paul
Mimi: Henry Fl. Fuller, of st. Paul. Mimi:
Conrad A. kerst of st. Paul, Mimi.
ART. o. The government of this CORPORA
tlon ana the management of its affairs shall
be vested in a 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 elec-
ion, organize and elect from their number
president, vice president, secretary and
treasurer.
The directors of the corporation shall be
eleeIed for the term of one year ana shall
nold their office, until their successors are
erected ana qualified; provided that any va
cancy IN the board of directors NAV be filled
bers. iAS-
The annual meeting of the stockholders
board of directors and the Transaction Of
sueh 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
vd ss G that The n October Gs in each year
Of stockholders shall be held on
the third Monday of October in
the year A. d. 1889, and special meetings of
tue stocknoluers Shall be held at such times
ana under such rules and regulations as
may be prescribed by the bylaws; at air
meetings. stockholders may be represented
ana vote by proxy; each stockholder shall
pc emitted to one vote for each share Of
STOCK held by him, and the holders of a ma
]orlty OF the STOCK shall constitute a Quorum.
me names of the first board of directors
snail De-W1lliam Dawson, Jr., William A.
somers Edmund Rice, Dr.. Henry II. Fuller
ana conrad A. Kerst. of whom Henry II:
ruler shall be president, Edmund Rice, Jr,,
shaIi De vice president, William A. Somers
shaiI be secretary, and William Dawson, DR..
snaIi be treasurer; and shall hold their
olhces until the first annual 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
Yember, A. ID. 1883.
WILLIAM DAWSON, JR. lSeal.1
WILLIAM A. SOMERS fSealf
EDMUND RICE. JR fSeal.f
HENRY II. FULLER. fSeaI.1
CONRAD A. KERST. tSeal.i +.
In presence Of
c. G. SHARP
c. r. ROBBINS