St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-28
4 RrIcLEs OF INCORPORATION OF

n RTICLES OF INCORPORATION OF
II 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 /. The name of this corporation
shall be ''St. Paul Permanent Loan Com
pany." The general nature of its business
shall be the ioaning 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 in the City of st. Paul,
Ramsey County. Minnesota.
Art. 2. The time of commencement of
this corporation shall be on The tenth QOthl
day of December, A. D., 1883 and the period
of its continuance shall be thirty 800 years.
Art. 3. The amount of stock of the cor
poratlon shall be one million dollars (Sl ,O0g-
OO0,) divided into twenty thousand 2O,0D0)
shares OF nifty 600 dollars each, and shall
be paid for in such manner and in such in
stallments 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
seven hundred and fifty thousand CS75O.-
OOO) dollars.
Art. 5. The names and places of resi-
denee OF the persons forming this corpora
Iion Lar are as follows; William Dawson. Jr, of
Paul, Mimi; Edmund Rice, Jr.. of st. Paul.
Mimi: Henry H. Fuller, of st. Paul, Mimi;
Conrad A. kerst, of st. Paul, Mimi
Art. T.. 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
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 filled
py vote OF majority of the remaining men,
bers.
The ANIMAL meeting of the stockholders
board OF directors and the transaction Of
sucn DINER 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. d. 1889, and special meetings of
INC stoS huolueTS SHail De nelQ 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 stakeholder shall
pc entitled to- one vote for each share Of
stock held by him, and the holders of a ma
Jorlty OF the stock shall constitute quorum.
The names of the first board of directors
shall be-Wiliiam 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,,
snail be vice president, William A. Somers
shai! be secretary, and William Dawson, Dr.,
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 witness whereof we have hereunto set
our hands and seal this twentieth day of No
yember, A. d. 1888.
WILLIAM DAWSON, JR. GSeal.l
WILLIAM A. SOMERS. ISealj
EDMUND RICE. JR. lSeal.j
HENRY II. FULLER lSeai.i
CONRAD A. KERST fSeai.i
In presence Of
G. G. SHARP.
c. K. ROBBINS.