St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-31
A RrIcLEs OF INCORPORATION OF


A RTICLES OF INCORPORATION OF
IA 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 body corporate and do hereby adopt the
following Articles of Incorporation:
ARTICLE j.
The name of this corporation is hereby de-
clared TO be the st. Paul German Insurance
Company. The general nature of its business
shall be to insure property against loss OF
damage by Fire. Lightning, Tornado, Wind
or Hail: and also against the perls of trans
portati0h 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
carry out the purposes intended by the Or
ganization 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 Mime
sofa.
ARTICLE II.
The Time of the commencement of this
corporation is hereby fixed on the second
day of April, i'll the year 1889. ana the pc
riod of its continuance thirty 900 years.
ARTICLE III.
The amount of capital stock of this cor
poration shall be Three Hundred Thousand
$780, 001 Dollars, but the corporation
may commence doing business as soon as
the sum of one hundred thousand ($100,-
00O) dollars is paid up in cash.
ARTICLE ".
The highest amount of Indebtedness or lia-
bility to which this corporation shall at any
time be subject is the sum of one hundred
thousand 100000 dollars Except such
contingent Liabilities as may be chargeable
under the insurance laws. on risks under
which no losses have cccnrred); 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 Y.
The names of the persons who unite TO
form this corporation and their place of resi-
dence are as follows. viz: Albert Scheffer
William c. Bredenhagen, J. Quincy Haas,
William G. Hendrickson. j. Fred Wit. Bern
hard kuhl. Charles II. L;enan, William
Hamm. Oscar IT. Roberts, Henry Rothschild,
John II. Schumacher and james IL. Drake
Pnehler, of Sibley county, Minnesota, and
William G. Ward, of WaSeca county, Mime
sofa.
ARTICLE VI.
The government of this corporation and
the management OF its affairs are hereby
vested i'll a board of eleven QI) directors
who shall be elected by the stockholders of
this corporation at their annual meeting; on
the first Thursday i'll April of each year, and
the first board of directors are as follows,
viz: Albert ScheTer, William c. Breden-
hagen. j. Quincy Haas. Henry Poehlsr,
q MiliaW Wa7a C. heP F1fd nit, william Rdpn
hard Kuhl, James II. Drake. Charles II.
Lienau and William Hamm. The board of
directors above named shall hold their office
until the first annual election in the year
1890. aud 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 by majority vote OF its stockhold-
ers. and at all elections thereof each stock
holder shall bc entitled to one vote, either in
person or by DroXy. for each share of the
him al the time of such election. In case of
vacancy occurring i'll the board of directors
or III any other Office hereby established, the
same shall be filed 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 he elected by said board from
among their number a President, Vice Presi-,
dent and Set retary, who shall respectively
perform such duties as usually deyolYe upon
such officers i'll 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 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. rs 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 $4,000, and the amount of each
share one hundred (S100) dollars.
In testimony whereof we have hereunto set
our hands and seals this Doth day of March,
in the year 1889.
ALBERT SCHEFFER. 1Seal.1
WILLIAM c. BREDENHAGEN. [Seal1
j. QUINCY HAAS, ISeal.1
HENRI POEHLER, lSeaL1
WILLIAM C. HENDRICKSON, [Seal1
WILLIAM G.. WARD, ISeal.1
OSCAR T. ROBERTS, fSeaLi
j. FRED WITT, fSeal.1
BERNHARD KUHL, fSeal.f
JAMES Ii. DRAKE. [Sealf
CHARLES ii. LIENAU, Seal.1
WILLIAM HAMM fSeal1
HENRY ROTHSCHILD, JSeal.i
JOHN II. SCEU RMEIER, [Seai.1
In the presence Of
MORRIS N. WACHESHEIMER
julius MARKERr,
EDWARD j. SCRURMEIER.
STATE OF MINNESOTA, !
County of Hennepin. Be.
On the 10Th day Of March, A. d. 1889, be-
fore me appeared personally Albert Seheffer,
William c. Bredenhagen, a. Quincy Haas.
Henry Poehler. William G. Hendrickson.