St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-24
A RTIcLEs OF INcoRpoRAT1oN 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 underline 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 ''St. Paul Permanent Loan Com
Dany." The general nature of its business
shall be the loaning of moneys ;the purchase
holding and sale Of bonds, mortgages, stocks
ana any otner 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 in the City of st. Paul,
Ramsey County, Minnesota
Art. =. The time of commencement of
this corporation shall be on the tenth Q0th)
o oay OIL december, A; D., 1SSs;and the period
OF Its continuance shall be thirty go years.
ART: s. The amount of stock of the cor
pofauon shall be one million dollars 81 OOO.-
OOol divided into twenty thousand GO, OnO
shares OF h1ty 600 dollars each. and shall
DC Paid Tor in such manner and in such in
staIments as may be ordered by the Board
of Directors NV 'iN
Art. 4. The highest amount of indebt
e Sa % or LIABILITY to which this corporation
seven hundred and fifty thousand (S750-
0O0) dollars. ' V0'o0'
Art. 8. The names and places of resi-.
a .!e OF me persons forming this corpora
ton are as follows: William Dawson Jr of
81 Panl: 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. Panl, MINI.
arr. .; me government of this corpora
tloil ana tne 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, 10 be heid as herein provided. The said
directors shall, Immediately after their cleo
tion, organize and elect from their number n
treasurer.
The directors of the corporation shall be
S'ccseu LOT the term OF one year, ana shall
hold their office until their successors are
elected and qualified; provided that any va
cancy III the board of directors NAV be filed
bers. --ie
The annual meeting of the stockholders
OF SAID corporation for the election of q
poard or directors and the transaction of
Such other business as may properly como
before 1t shall be held at the Office of said
e t',Pa IN the city of ST. Paul, on tho
vlded that the first annual meeting
of stockholders shall be held on
me me third Monday of October in
! .he year A. D. 1889, and special meetings of
ana under such rules and regulations as
may be prescribed by the by laws; at air
meetings stockholders may be represented
ana vote by proxy; each stockholder shall
be emitted to one vote for each share of
stock held by him, and the holders of a ma
Jority OF the STOCK shall constitute 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 II.
Fuller shall be president, Edmund Rice. Jr.,
shall be vice president, William A Somers
snail 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. ID. 1880, and until their sue
ceSsors are elected and qualified.
In wltnese whereof we have hereuuto set
our hands and seal this twentieth day of No.
yember A. ID. 1SSS
WILLIAM DAWSON, JR. ISeal.l
WILLIAM A. SOMERS fSeal
EDMUND RICE. 4JR Seal
HENRY III. FULLER. lSeal.1
CONRAD a. KERST. tSeal.
In presence Of
c. c. SHARP.
&. II. ROBBINS.