St. Paul daily globe., 1890-06-05

A RTICLES OF INCORPORATION-TH
IA undersigned hereby associate them
selves and agree to become corporation
| under and by virtue of the laws of the state
| of Minnesota, in such cases made and pro-
| yided, and to that end have adopted, agreed
| to and signed the following articles OF incor-
pOratiOnt
The name of this corporation shall be
''The Homes for the Homeless Building So
ciety."
ARTICLE 2.
The object of said society shall be to make
| 1t possible for and to encourage industrious
| persons of limited means to build and own
| their own homes; and the general nature of
| its business shall be the accumulation of
| funds, by the contributions of its men,
| bers. to be loaned to such members as desire
| the same, upon such terms and in such man.
| ner as the bylaws may hereafter provide;
also the purchase holding and sale of real
estate, and any other business naturally per-
tanning to its principal object as aforesaid.
The principal place of business of said So
ciety shall be the city of Saint Paul. county
OF Ramsey and state of Minnesota.
ARTICLE 3.
This society shall commence on the tenth
day of June A. D. 1890, and continue for the
period OF thirty years.
ARTICLE a.
The amount Of capital stock of this society
shall be five hundred thousand dollars
OF fifty dollars (S50.O0) each. to be paid in
monthly instaIlments of twenty-five cents
per share, at such times and under such reg
ulat1ons as the bylaws may direct; but said
society may go into operation and transact
business whenever twenty thousand dollars
(S2O,OO0) of said stock shall have beeu SUBJ
scribed
Stock may be forfeited for neglect or re-
fusal on the part of the holder thereof TO pay
any lnstallments, assessments dues or fines
for which he shall become liable. in such
manner as prescribed by the bylaws.
The members of this society shall consist
OF persons of the age of twenty-one years and
upwards, Any person, copartnership, COM
pany or corporation. capable by law OF con-
tracing. except building societies or associ-
ations of like nature to this may hold
stock In this society, but none save persons
upwards OF twenty-one years Of age shall be
allowed TO vote.
ARTICLE 5.
The highest amount of Indebtedness or
liability which said society shall at any time
incur is ten thousand dollars (S10.O00). but
for the purpose of redeeming its capital
stock it may be increased to fifty thousand
dollars (S50,0O0).
ARTICLE
The names and places of residence OF the
lows. viz. John j. Biebighauser. st. Paul,
Mimi; Andrew Schoch, st. Paul, Minn.;
Bernard Simon. st. Paul, Mimi; Levi Herr,
st. Paul. Mimi; Edward o. Peterson, st.
Idui, MILL GGOTSS y. LduDeTt, null
Mimi; Gilbert Oleson, st. Paul, Mimi. John
l.. Hullsiek, st. Paul, Mimi; AlOnzo j. Burn
ingham, st. Paul, Mimi. Henry Wilhelmi st.
Paul, Mimi. Oscar 7. Roberts. st. Paul, Mimi.
Aaron Herr. st. Paul. Mimi; Andrew 5. Lar
son, st. Paul, Mimi: Franz Huber st. Paul.
Minn. Oscar G. Lonegren. st. Paul, Mimi.
ARTICLE7.
The government of this society and the
management of its affairs shall be vested III
board of fifteen directors and the follow
officers a nrpSi0pnt
secretary, treasurer and attorney, who shall
be chosen by the board Of directors from
among themselves.
ARTICLES.
The board of directors of this society shall
be divided into three classes-hrst, second
and thrd-and each class shall be composed
of five directors. The offices of the first
board of directors shall expire as follows:
shall expire at the, date Of the regu-
lar annual election Of this society
held in the year 1891; the term of
office of the second class shall expire at the
the year 1892: the term of office of the third
class shall expire at the date of the annual
election in 1893.
AT each annual election of the society,"
commencing with the election of 1891,
number of directors, equal to the number
whose term of Office shall then expire, shall
be elected by the members of this society by
ballot for the term of three years; provided,
that II no election be had at the time OF hold
ing the annual election, the old directors
shall hold their office until their successors
are elected and enter upon their duties. I n
til their successors are elected and qualify
as hereinbefore provided, ana as may be pro-
vided by the bylaws of this society, the fol
lowing named persons shall act as the first
board of directors:
First Class-John j. Biebighauser, An
drew Schoch, Bernard Simon, Levi Herr,
Edward D. Peterson.
II Inrf hnrt
Oleson, John L. Hulsiek, Alonzo j. Burning
ham. Henry Wilhelmi
Third Class-Oscar Il. Roberts, Aaron Her,
Andrew S. Larson, Franz Huber Oscar G..
Lonegren.
Vacancies in the board of directors or in
any of the Offices of the society shall be filled
by said board at any regular or special meet
ing.
ARTICLE 9.
The officers of this society shall be elected
annually by the board of directors from
among themselves at the first meeting of
said board after the annual election, as may
prescribed by the bylaws; and until said
election, and until their successors are
elected ana qualify the following named
persons shall be officers of this society:
President, John j. Biebighauser.
Vice President, Andrew Schoch.
Secretary. Gilbert Oleson.
Treasurer, Oscar 7. Roberts.
Attorney, George q. Lambert
ARTICLE 10.
An annual meeting of the stockholders
shall be held on the first Friday after the
mencing in the year 1891, to elect directors
and to transact such other corporate business
as may be brought before it.
The first monthly meeting of this society
shall be held at Room II, Andrew Sehoch
building, corner Broadway and East Seventh
street, in the city of Saint Paul. Ramsey
county, Minnesota, on Tuesday evening,
June 10th, 1890, at eight o'clock.
All other meetings. Whether regular or
special. shall be fixed by the bylaws OF said
corporation, provided that no special meet
ings of The corporation, or society, shall be
called. unless demanded in writing by at
least ten members thereof, and notice thereof
given in a newspaper printed in the English
language in the city of St. Paul, which no.
tice shall distinctly state the object OF said
meeting. At any such meeting the said
stockholders shall have power to pass by
laws regulating the duties of the officers OF
the corporation, or society; for the imposing
of reasonable fines, assessments and dues
upon the members, and for the collecting
thereof, regulating the subscription, the is
suance, transfer and retiring OF stock, the
management and investment of the funds of
the society. and loans thereof, ana generally
to adopt all measures necessary to carry out
the objects of the society.
In witness whereof we have hereunto set
our hands and seals this 31st day of May,
1890.
JOHN j. .BIEBIGHAUSER, [SeaL]
ANDREW SCHOCH. ISeal.1
BERNARD SIMON. lSeal.]
LEVI HERR. Seal.
EDWARD o. PETERSON. (Seall
GEORGE G. LAMBERT. lSeal.l
GILBERT OLESON. lSeal.l
JOHN L. HULLSIEK. lSeal1
ALONZO BIRMINGHAM. lSeal.1
HENRY WILHELML slSeal.]
OSCAR T. ROBERTS. lSeaLl
AARON HERR. lSeal]
ANDREW S. LARSON. lSeal.1
FRANZ HUBER. lSeal]
OSCAR C. LONEGREN. 1Seal