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

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"A st. Paul German Insurance Company
For the purpose of organizing a 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 Incorporation:
ARTICLE /.
The name of this corporation is hereby de-
clared 10 be the 81. Paul German Insurance
Company. The general nature of its business
shall re to insure property against loss or
damage by Fire, Lightning, Tornado, Wind,
or Hail and also against the perils of trans
portatoh. 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 bc necessary or convenient TO
carry ont the purposes intended by the Or
ganHation Of this corporation and not in
consistent with law. And the principal
place OF tTansacting its business shall be at
the City Of st. Paul. in the State of Mime
sofa.
ARTICLE H.
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 It's continuance thirty (30O years.
ARTICLE III.
The amount of capital stock of this cor
poration shall be Three Hundred Thousand
$500, 600 Dollars. but the corporation
the sum of one hundred thousand $780,,
000) dollars is paid up in cash.
ARTICLE ".
The highest amount of Indebtedness or liza
biiIty to which this corporation shall at any
time be subject is the sum of one hundred
thousand (S10O. OO0} dollars Except such
contingent liabilities as may be chargeable
under the insurance laws on risks under
which no losses have Cccurred) !; 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 10
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;enau, William
Hamm, Oscar #. Roberts, Henry Rothschild,
John II. Schumacher and James H. Drake,
ali of Ramsey county Minnesota. Henry
Poehlcr, 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 q board of eleven 0D directors
this corporation at their annual meeting; on
The first Thursday in A pril of each year, and
the first board of directors are as follows.
VIZ: Albert SchefIer, William G. Breden-
William &. Hendrickson. William
q. Ward J. Fred Wit. Bern
hard Kuhl, James II. Drake. Charles Ii.
lsieuau and William Hamm. The board eff
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 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 proXy, for each share of the
capital stock of this corporation owned by
him al the time of such election. In case of
q vacancy occurring i'll the board of directors
or in 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 ne elected by said board from
among their number a President. Vice Presi-
den; and Secretary. who shall respectively
perform such duties as usually dcyolye upon
such officers i'll similar organizations and
also such as may bc 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, AMI 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 5000, and tie amount of each
share one hundred (S100) dollars.
In testimony whereof we have hereunto set
our hands ana seals this Goth day of March,
il the year 1889.
ALBERT SCHEFFER. TSeal1
WILLIAM {. BREDENHAGEN.f Seal.1
j. QUINCY HAAS, Seal
HENRI POEHIER, [SeaL1
WILLIAM G. HENDRICKSON, lSeall
WILLIAM G.. WARD, TSeal1
OSCAR T. ROBERTS, ISeaIl
J: FRED WITT. LSeal.1
BERNHARD KUHL, ISeal1
JAMES Ii. DRAKE. TSealf