St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-03

A RTIcLEs OF INCORPORATION OF


A RTICLBs OF incorporation OF
"A st. Paul German Insurance Company
dor the purpose of organizing corporation
according to and by virtue of the laws of the
slate 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 to 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 HAL; and also against the perils of trans
portatlon, 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
carry out the purposes intended by the or
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 Mime
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 pc
Rod of its continuance thirty 900 years.
ARTICLE III.
The amount of capital stock of this cor
pOration shall be Three Hundred Thousand
10000 Dollars, but the corporation
may commence doing business as soon as
the sum of one hundred thousand $780,
O0O) dollars is paid up in cash.
ARTICLE ".
The highest amount of Indebtedness or liza
Dlilty TO which this corporation shall at any
time be subject is the sum of one hundred
thousand $4,000 dollars (eXcept such
contingent liabilities as may be chargeable
under the insurance laws on risks under
which no losses have occurred) but in no
event shall this corporation insure any actual
liability or indebtedness to an amount which
would impair its capital under the limitation
liked 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 c. Bredenhagen, j. Quincy Haas,
wa William G. Hendrickson, j. Fred Wit, Bern
Hamm, Oscar T. Roberts, Henry Rothschild,
John Fl. Schumacher and James H. Drake,
all OF Ramsey county, Minnesota. Henry
P0ehler, 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 board of eleven I'D 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 names OF the first board of directors are
Bredenhagen. J. Quincy Haas, Henry
Poehler, William G. Hendrickson. William
G. Ward, j. Fred Witt, Bernhard Kuhl, James
II. Drake, Charles II. Lienau and William
Hamm. The said Albert Scheffer shall be
the first president, the said William c. Bre-
denhagen shall be the first vice president
and the said j. Quincy Haas shall be the first
secretary OF this corporation. The board of
directors and officers 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
once Tor the term OF one year and until their
successors have been duly elected and en-
tered 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 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
vacancy occurring in 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 be elected by said board from
among their number a 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 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 $1,000, and the amount Of each
share one hundred (S1O0) dollars.
In testimony whereof we have hereunto set
our hands and seals this Goth day of March,
in the year 1889.