St. Paul daily globe., 1889-04-01
A RTIcLEs OF INCORPORATION OF

A RTICLES OF INCORPORATION OF
n ST. Paul German Insurance Company
For the purpose of organizing corporation
according to and by virtue of the laws of the
state of Minnesota under the name and for
the purposes hereinafter set forth we, the
undersigned. do hereby associate ourselves
as a body corporate, and do hereby adopt the
following Articles of Interpretations:
ARTICLE /.
The name Of this corporation is hereby de-
clared 10 be the st. Paul German Insurance
Company. The general nature of its business
shall be to insure property against loss or
damage by Fire, Lightning, Tornado, Wind,
or Halls and also against the perils of trans.
portation. inland and ocean navigation; and
TO perform, transact and carry on the bus.
mess usually done by Fire, Lightning, Tor
nado, Wind, Hail, Inland or Marine Insur.
ance Companies; and also all such acts and
things as may be necessary or convenient TO
ganlzation of this corporation and not in
consistent with law. And the principal
place OF transacting its business shall be at
the City of st. Paul, in the State of Minne-
sofa.
ARTICLE II.
The time OF the commencement of this
corporation is hereby fixed on the second
day of April, in the year 1889 ana the PEE
riod of its continuance thirty (30) years.
ARTICLE III.
The amount of capital stock of this cor
poration shall be Three Hundred Thousand
(S3O0,0Oo) Dollars, but the corporation
Iidy COuiulcuCc QOlIS DuSlIGSS Us soon a8
the sum of one hundred thousand $780,
000) dollars is paid up in cash.
ARTICLE ".
The highest amount of Indebtedness or LA
b1llty to which this corporation shall at any
time be subject is the sum of one hundred
thousand (S100,0 000) dollars Except such
contingent liabilities as may be chargeable
under the insurance laws. on risks under
which no losses have occnrred) but in no
event shall this corporation insure any actual
liability or Indebtedness to an amount which
would impair its capital under the limitation
fixed by the insurance laws of this state.
ARTICLE V.
The names of the persons who unite to
form this corporation and their place of resi-.
dence are as follows. viz: Albert Scheffer,
William G. Bredenhagen, J. Quincy Haas,
hard Kuhl, Charles H. Lienau, william
Hamm, Oscar T. Roberts, henry Rothschild,
John III. Schumacher and James Fl. Drake,
all OF Ramsey county, Minnesota Henry
William G. Ward, of Waseca county, Mime.
sofa.
ARTICLE VI.
The government of this corporation and
the management of its affairs are hereby
vested III board of eleven Cd directors,
who shall be elected by the stockholders Of
this corporation at their annual meeting; on
the first Thursday in April of each year, and
the first board of directors are as follows,
viz: Albert Scheffer William G.. Bredens
hagen. J. Quincy Haas, Henry Poehler,
William &. Hendrickson, William
hard g. Knb W@d sJes j. Fred 6r.a Wit th.rds BerR-
Lienau and William Hamm. The board Of
directors above named shall hold their Office
until the first annual election in the year
1890, and thereafter the board of directors
of this corporation shall hold their Office for
the term of one year and until their SUCCESSORS
have been duly elected and entered upon the
discharge of their duties
The directors OF this corporation shall be
elected nv n majority Dt itS StOoEhOld-
ers and at all elections thereof each stock
holder shall be entitled to one vote, either in
person or by proxy. for each share of the
capital stock of this corporation owned by
him at the time of such election. In case Of
a vacancy occurring in the board of directors
or in any other office hereby established, the
same shall be filled by the board of directors
until the next annual meeting.
AT the first regular meeting of each board
of directors after the annual election there
of, there shall be elected by said board from
among their number President, Vice Presi.
dent and Secretary, who shall respectively
perform such duties as usually devolve upon
such officers in similar organizations and
also such as may be designated by the by
laws that may be adopted by this corpora
ton They may also elect or appoint such
other agents or assistants as the business Of
this corporation may require.
The board Of directors shall adopt a cor
porate seal. and shall from time to time make
such rules and regulations and adopt such
bylaws not inconsistent with these articles
or with the constitution and laws of the state
VI Minnesota. as they may deem necessary
for the government of their officers and the
conduct of the affairs of the corporation.
ARTICLE VII
The number of shares of the capital stock
of this corporation is hereby fixed at three
thousand (3,000). and the amount of each
share one hundred (S100) dollars
In testimony whereof we have hereunto set
our hands and seals this 29th day of March,
in the year 1899
ALBERT SCHEFFER, TSeal1
WILLIAM c. BREDENHAGEN. fSeaI.1
j. QUINCY HAAS, Seal1