St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-13
A RTICLES OF INCORPORATION OF
n The United States Investment and En-

A RTICLES OF INCORPORATION OF
II The United States Investment and En-
oowment Company.
For the purpose Of forming a corporation
under the General Laws Of the State OF MINI
nesota, we, the undersigned, hereby adopt
the following articles of Incorporation: =.
First-The name of this corporation shall
be 1.-THE United States Investment and En-
of transacting business shall be the city Of
st. Paul in the state OF Minnesota. =
Second-The general nature Of its business
shall be the issuing Of its bonds and certif.
Gates for the accumulation of money, to be
paid for III 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, real, personal or mixed, including
bonds, stocks, notes, mortgages and all kinds
of marketable security; buying, owning, i'm
proving, building upon, selling and dealing
in lands, tenements and Entertainments, real,
personal and mixed estate. and property,
including lease-hold estate; to sell, barteta
exchange, convey, let, mortgage and other
wise dispose of, charge or cucumber any
such lands tenements or Entertainments
real, personal and mixed estate and prop
erty, or any of the same, or any right titla
or estate therein, and for that purpose TO-
make execute, acknowledge and deliver, and
in like manner 10 take, hold and receive any
and every necessary and proper deeds, con-
veyances, mortgages, contracts, bonds, notes
and other writings obligatory; to borrow
money upon pledge or mortgage OF or on
any Of its property and holdings, real, per-
sonal and mixed, and generally to do and
perform any act or thing necessary to BE-
done and performed for the successful prose-
cution and management OF the business ana
affairs of said corporation.
Third-The time for commencement OF
this corporation shall be the ninth day OK
July, A. D. 1890, and the period Of its CON.
tinuance shall be the term of thirty years.
and such further period Of renewal as may
be determined upon.
Fourth-The capital stock Of this corpora.
ton shall be two hundred thousand dollars.
and 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 i'll 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. o.
Sixth-The names and places Of residences
of the persons forming this corporation ara
as follows s. Lee Davis, st. Paul, Mimi: Z.
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. Blsseil,
Chicago Ill.
Seyenth-The government of the said cor
poration and the management of its affairs
| shall be vested ia board of seven directors
| q majority of whom shall reside in the state
| of Minnesota The term of Office OF said d.
! rectors shall be four years; provided, how
| ever, that the board of directors shall be di.
yided into four classes, and each Of the first
three classes shall be composed Of two d.
rectors and the fourth shall contain one d.
rector. Two directors shall be elected an
nually for three successive years and one d.
rector on the fourth year, 1t being under
stood that the term of Office OF one class
shall expire each year. Members having bus
| one year to serve shall belong to the first
| class, members having two years to serve TO
| wears to serve to the third class, and members
| having four years to serve to the fourth
| class The election shall be held at the an
nual meeting of the company on the fourth
| Tuesday in July in each year. At the an
nual 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, Z. A. Hen
| Erickson, W. w. Thomas and W. S. Dwinnell.
| of st. Paul, Mimi; G. E. Leslie and w. CT
| Bissell of Chicago, Ill, and III. ID. Price. OF
| Black River Falls, Wis, who shall hold theif
| Office until the first annual meeting III July,
| A. d. 1920.
| Tenth-The board of directors may make
| and ADOPT such bylaws not inconsistent WIN
| these articles as they may deem necessary,
| and NAV alter or amend the same by major
| ity vote of those present at any regular meet
| ing, or at any special meeting called Tor thai
| purpose. -
4 In witness whereof, the said parties have
| hereunto set their hands and seals this luz