St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-20
A RTICLES OF INCORPORATION OF
~ The United States Investment and En-

n The United States Investment and En-
dowment Company.
under the General Laws of the State of Min
nesota we, the undersigned, hereby adopt
Flrst-The name Of this corporation shall
be ''The United States Investment and En-
dowment Company The principal place
st. Paul. in the state OF Minnesota
SecOnd-The general nature of It's business
shall be the issuing of its bonds and certifi-
Gates for the accumulation of money, to be
paid for in monthly, quarterly, semi-annual
and annual payments, or at such other times
and periods as may be prescribed by the by
laws; the loaning of money thus and other
wise accumulated on real estate and other
securities zeal. personal or mixed, including
bonds, stocks, notes, mortgages and all kinds
OF marketable security; buying, owning. i'm
proving, building upon, selling and dealing
i'll lands, tenements and Entertainments, real,
personal and mixed estate and property, in
Guiding lease hold estate; to sell, barter. ex-
change, convey. let mortgage and otherwise
dispose of. charge or cucumber any such
lands, tenements or hereditamentS. real, per-
sonal and mixed estate and property, or any
of the same. or any right, title or estate
therein. and for that purpose TO make. exc
cute, acknowledge and deliver, and in like
manner to take, hold and receive any and
every necessary and proper deeds, convey
ances, mortgages, contracts, bonds, notes and
upon pledge or mortgage of or on any its
property and holdings. real, personal and
mixed, and generally to do and perform any
act or thing necessary to be done and per-
formed for the successful prosecution and
management of the business and affairs Of
said corporation.
ThrdlThe time for commencement of
this corporation shall be the ninth day of
July, A. d. 1890. and the period Of its con-
tinuance shall be the term of thirty years.
nprIO6 n 6
be determined upon.
Fourth-The capital stock of this corpora
ton shall be two hundred thousand dollars,
ana the same shall be divided into two
thousand shares of one hundred dollars
each, which shall be paid in in such manner
and at such times and in such amounts as
the board of directors shall determine.
Fifth-The highest amount OF indebted
ness or liability to which this corporation
shall at any time be subject shall be two
hundred thousand dollars, exclusive of
such indebtedness as may be secured by
mortgage or deed Of trust.
Sixth-The names and places of residence
of the persons forming this corporation are
as follows: S. Lee Davis, st. Paul. Mlnn.: E.
A. Hendrickson. st. Paul. Mimi; w. w.
Thomas. St. Paul. Mimi; r. B. Galusha st.
Paul, Mimi: Lewis Baker. st. Paul, Mimi;
Milton G. Brown, st. Paul, Mimi; W. s.
Dwinnell, ST. Paul. Mimi; w. G. Bissell, Chi
cago, Ill.
Seventh-The government of the said cor
poration and the management of its affairs
shall be vested in q board of seven directors,
majority of whom shall reside in the state
of Minnesota The term OF office of said dl-
rectors shall be four years; provided. how
ever that the board of directors shall be di-
vided into four classes, and each of the first
three classes shall be composed of two di-
rectors, and the fourth shall contain one di-
rector. Two directors shall be elected an
nually for three successive years and one di-
rector ON the fourth year. it being under
stood that the term of office of one class
shall expire each year. Members having but
one year to serve shall belong to the first
class, members having two years to serve to
the second class members having three years
to serve to the third class, and members hav
ing four years to serve to the fourth class.
meeting of the company on the fourth Tues
day in July in each year. AT the annual
meeting in 1890 there shall be elected two
directors of the first class. two directors of
the second class, two directors of the third
class, and one director of the fourth class.
Ninth-The first board of directors OF this
corporation shall be S. Lee Davis, E. A. Hen
erickson, w. W. Thomas and w. s. Dwinnell
of ST. Paul, Mimi: G E. Leslie and w. G.
Bissell. of Chicago ILL.,, and H. Il. Price, of
Black River Falls. Wis, who shall hold their
office until the first annual meeting in July,
A. d. 1890
Tenth-The board of directors may make
and adopt such bylaws not inconsistent with
these articles as they may deem necessary,
and may alter or amend the same by major
lily vote of those present at any regular meet
ing, or at any special meeting called for that
purpose.
In witness whereof, the said parties have
hereunto set their hands and seals this 10th