St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-07

N hIlCLEO Ut
II 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 incor-
pOration:
ARTICLE l.
The name of this corporation shall be
'sThe Homes for the Homeless Building SO
ciety.
The object of said society shall be to mako
II 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 or
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 s.
This society shall commence on the tenth
day of June. A. ID. 1890, and continue for the
period of thirty wears.
The amount of capital stock of this society
shall be five hundred thousand dollars
(S50O,000), divided into ten thousand shares
of fifty dollars (S50.OO) each, to be paid in
monthly installments 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
(S2O,0O0 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 1nstallments assessments, dues or fines
for which he shall become liable. in such
manneras 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 assocl.
ations 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
allowed 10 vote.
ARTICLE 5.
The highest amount of Indebtedness or
liability which said society shall at any time
incur is ten thousand dollars 900. but
for the purpose of redeeming its capital
stock ii may be increased to fifty thousand
dollars (S5O,OO0).
ARTICLE 6.
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, MINI; Edward O. Peterson, st.
Paul, Mimi; George C. Lambert, st. Paul,
mltlL. GllDerU OIeSOD, 81. raul, JUN
L. Hullsiek, St Paul, Mimi. Alonzo j. Burn
ingham, st. Paul. Mimi. Henry Wilhelm st.
Paul, Mimi. Oscar T. 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
board of fifteen directors and the follow.
ing officers, viz: A president, vice president,
frQa and of WI M
be chosen by the board of directors from
among themselves.
The board of directors of this society shall
be divided into three clasSes-hrst, second
and third-and each class shall be composed
of five directors. The offices of the first
board of directors shall expire as follows:
The term of Office of the first class
shall expire at the date of the regu-
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. In
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 o. Peterson.
Second Class-George C. Lambert Gilbert
Oleson, John L. Hulsiek, Alonzo j. Burning.
ham. Henry Wilhelr;i.
Third Glass Oscar T. Roberts, Aaron Herr,
Andrew s. Larson, Franz Huber, Oscar @.
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
Vice President, Andrew Schoch.
Secretary. Gilbert 0leson.
Treasurer, Oscar Il. Roberts.
Attorney, George e. Lambert
ARTICLE 10.
All dunudl neSIiuS VI tuc SiOCbuoidSt1
shall be held OH the first Friday after the
second Tuesday of June IN each year, COM
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 IL, Andrew Schech
building. corner Broadway and East Seventh
street, in the city of Saint Paul. Ramsey
county, Minnesota, on Tuesday evening,
June 10th, 1899, 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 ba
called. unless demanded in writing by al
least ten members thereof and notice thereof
given in d 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, aud 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