St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-22
!, RT1c1,Es OF INTERPRETATIONS OF

N RIlCLES Ot lNCOhfOhAIION Ut
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 l. The name Of this corporation
shall be "St. Paul Permanent Loan Com
pany. The general nature of its business
snail 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 III the City of st. Paul.
Ramsey County, Minnesota.
Art. 2. The time of commencement of
this corporation shall be on the tenth (1Othl
day of December A. D., 1883 land the period
of its continuance shall be thirty g years.
Art. 8. The amount of stock of the cor
poration shall be one million dollars (S1, O0O.-
0OOo divided into twenty thousand. 20, OnO)
shares OF hfty $50 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-
e ed OF liability to which this corporation
seven hundred and fifty thousand $500
00O) dollars
Art. 5; The names and places of resi-
dence OF the persons forming this corpora
u tt are as follows; William Dawson. Jr:, of
st Paul. Mimi; William A. Somers, of ST.
Paul. Mimi; Edmund Rice, DR.. of st. Paul,
Mimi. Henry II. Fuller, of ST Paul, Mimi;
Conrad A. kerst of st. Paul. Mimi.
Art. q. The government of this corpora
uon 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
ton. organize and elect from their number
president vice president, secretary and
treasurer.
The directors of the corporation shall be
eiec,ed Ior the term of one year, ana shall
hold their office until their successors are
elected and qualified; provided that any va
6eaney in the board of directors may be filled
bers.
The annual meeting of the stockholders
OF said corporation for the election of
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
vided that the first annual meeting
OF stockholders shall be held on
the third Monday of October in
the year A. ID. 1889, and special meetings of
INC otoehiolueTS Siisil De nelQ at Sucn 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 stakeholder shall
be entitled 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 H.
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. ID. 1889, and until their sue
cessors are elected and qualified.
In witnese whereof we have hereunto set
our hands and seal this twentieth day of No.
yember, A. d. 1883.
WILLIAM DAWSON, JR. [Seall
WILLIAM A. SOMERS. ISeall
EDMUND RICE. JR. fSeal1
HENRY III. FULLER. TSeal1
CONRAD A. KERST. Seal1
In presence Of
C. G. SHARP.
G. II. ROBBINS.