St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-03

A RTICLEs OF INCORPORATION-TH
n 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-
vided, and to that end have adopted, agreed
to and signed the following articles of incors
poration:
ARTICLE l.
The name OF this incorporation shall be
1.-THE Homes for the Homeless Building So
ciety."
ARTICLE 2.
The object of said society shall be to make
IL 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 mem
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 T.
The amount of capital stock Of this society
shall be five hundred thousand dollars
of fifty dollars (S50.O0) each, to be paid III
monthly installments of twenty-five cents
per share, at such times and under such reg
ulations as the bylaws may direct; but sald
society may go into operation and transact
business whenever twenty thousand dollars
(S20,0O0) of said stock shall have beeu sub
scrbed
Stock may be forfeited for neglect or re-
fusal on the part of the holder thereof TO pay
any lnstallmentS, assessments, dues or hneS
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 ascot
ations of like nature to this. may bold
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 OF
liability which said society shall at any time
incur is ten thousand dollars (Sl0,OOO). but
for the purpose of redeeming its capital
stock it may be increased to fifty thouSanQ
dollars (S50,UOO).
The names and places of residence or the
persons forming said corporation are as fol-
lows, viz. John j. Biebighauser, St Paul.
Mimi; Andrew Schoch, St. Paul, Mimi;
Bernard Simon, st. Paul. Mimi; Levi Herr,
st. Paul, Mimi; Edward o. Peterson, st.
Paul, Mimi; George C. Lambert, st. Paul,
Mimi; Gilbert Oleson st. Paul, Mimi. John
L. Hullsiek, st. Paul, Mimi; Alonzo j. Burn
ingham st. Paul. Mimi. Henry Wilhelm. 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.
Mimi; Oscar c. Lonegren, st. Paul, Mimi.
ARTICLE7.
The government of this society and the
management of its affairs shall be vested IN
a board of fifteen directors and the follow
ing officers. viz: A president, vice president.
secretary, treasurer and attorney, who shall
be chosen by the board Of directors from
among themselves.
ARTICLE s.
The board of directors of this society shall
be divided into three classes-hrst, second
and third-and each class shall be composed
board of directors shall expire as follows:
The term of Office of the first class
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
date of the annual election of this society in
the year 1892; the term OF office OF the third
class shall expire at the date of the annual
election in 1898.
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 If 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. Y u
| til their successors are elected and quallfy,
as hereinbefore provided ana as may be pro-
| vided by the bylaws of this society, the fol-
! lowing named persons shall act as the firss
| board of directors:
| drew Schoch, Bernard Simon, Levi Herr.
| Edward o. Peterson.
second Class-George C. Lambert Gilbert
| Oleson, John l.. Hulsiek, Alonzo j. Burning
| ham, Henry Wilheln.i.
| Third Class-Oscar r. Roberts, Aaron Herr,
| 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.
| 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.
Wee President, Andrew Schoch.
Secretary Gilbert Oleson.
Treasurer, Oscar T. Roberts.
Attorney, George e. Lambert
ARTICLE 10.
An annual meeting of the stockholders
shall be held ON the first Friday after the
second Tuesday of June Ill each year. COM
mencing in the year 1891, 10 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 IL. Andrew Schoch
building, corner Broadway and East Seventh
street, i'll 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 newspaper printed i'll 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 3lst day OF May,
1890.
JOHN j. BIEBIGHAUSER, [Seall
r<T al