St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-04

A RTIcLEs OF INCORPORATION
"A 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-
poratlon:
ARTICLE 1.
The name of this corporation shall be
"The Homes for the Homeless Building So
ciety.''
ARTICLE q
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 ye sT7c1
The amount of capital stock of this society
shall be five hundred thousand dollars
(S500, 1000, divided into ten thousand shares
of fifty dollars (S50.UO) each, to be paid in
monthly instaIlments of twenty-five cents
per share, at such times and under such reg
ulatlons as the bylaws may direct; but SAID
society may go into operation and transact
business whenever twenty thousand dollars
(S20,000) 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 installments, assessments, dues or fines
hQ sha lI 1iah1 in
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-
atoms of a like nature to this. may hold
stock in this society, but none save persons
upwards OF twenty-one years Of age shall be
ARTICLES 5.
The highest amount OF indebtedness or
liability which said society shall at any time
incur is ten thousand dollars $4,000, but
for the purpose of Tedeeming its capital
stock 1t may be increased to fifty thousand
dollars (S50,U00).
The names and places of residence OF 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.
Mimi; Gilbert Oleson, st. Paul, Mimi. John
L. Hullsek, st. Paul. Mimi; Alonzo j. Burn
ingham, st. Paul, Mimi. Henry Wilhelm. st.
Paul, Mimi. Oscar I 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.
ARTICLE T.
The government of this society and the
management of its affairs shall be vested in
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 8.
The board of directors of this society shall
be divided into three classes-frst 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. I'm
til their successors are elected and qualify,
as hereinbefore provided, ana as may be pro-
yided by the bylaws of this society, the fol-
lowing named persons shall act as the first
board of directors:
First Class-John J. Biebfghauser, An
drew SchOch, Bernard Simon, Lew Herr.
Edward o. Peterson.
second Class-George c. Lambert. Gilbert
Oleson, John L. Hulsiek, Alonzo j. Burning
ham, Henry WilhelIEl
Third Class-Oscar II. 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 Z. Roberts
Attorney, George q. Lambert
ARTICLE 10.
An annual meeting of the stockholders
shall be held OH the first Friday after the
second Tuesday of June III each year, COM
mencing in the year 1891, TO elect directors
and to transact such other corporate business
| as may be brought before 1t.
The first monthly meeting of this society
shall be held at Room Ii, Andrew Schoch
| 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
Spaoio1 shall ba fixed hy the bV-laWS 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 or
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.1
ANDREW SCHOCH. ISeal.1
BERNARD SIMON. Seal
LEVI HERR. Seal.
EDWARD o. PETERSON. lSeal1
GEORGE c. LAMBERT. lSeall
GILBERT OLESON. lSeal.1
JOHN L. HULLSIEK. Seal.
ALONZO j. BURNINGHAM. Seal.
HENRY WILHELM lSeai
OSCAR r. ROBERTS. Seal
AARON HERR. Seal
ANDREW s. LARSON. Seal
FRANZ HUBER. lSeal.
OSCAR C. LONEGREN. lSeal.
Signed, sealed and delivered in presence Of
G