St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-16

A RTICLES OF INCORPORATION OF
II The United States Investment and En-
dowment Company.
For the purpose of forming corporation ol
under the General Laws OF the STATE Oh MIN
nesota, we, the undersigned, hereby adopt
the following articles of Incorporation:
First-The name of this corporation shall
be ''The United States Investment and En-,
dowment Company" The principal place
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 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 ana 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
IN lands, tenements and Entertainments, real,
personal and mixed estate and property, III
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
tatherein. and for that purpose 10 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 ana
| other writings obligatory; to borrow money
| uDon pledge or mortgage of or on any of its
property and holdings. real, personal ana
| mixed and generally to do ana perform any
| act or thing necessary to be done ana per,
| formed for the successful prosecution ana
| management OF the business anu affairs OF
| said corporation.
| Third-The time for commencement OF
| this corporation shall be the ninth day of
July. A. D. 1890, and the period OF its con-
| tiniance 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,
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. Mimi. y.
| A Hendrickson. st. Paul. Mimi; w. w.
| Thomas. ST. Paul, Mimi; R. b. Galusha. St.
Paul, Mimi: Lewis Baker, 81, Paul, MINI ~ I; !;
! Milton G. Brown, st. Paul, Mimi; w. s.
Dwinnell, St. Paul, Mimi; w. G. Bissell, Chi
Seyenth-The government of the said cor
| noration and the management of its affairs
| shall be vested in board of seven directors.
! q 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
| yided into four classes, and each OF the first
| three classes shall be composed OF TWO OIL
/ 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, it being under
| stood that the term of office OF one class
| shall expire each year. Members having but
one wear 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 hay-
| ing four wears to serve to the fourth class.
The election shall be held at the annual
| meeting of the company on the fourth ues.
| 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; e. Leslie and w. G.:
| Bissell. of Chicago. ILL.,, and III. Fl. Price, of
1 Black River Falls, Wis, who shall hold their
office until the hfst aiiluai niee'ins IL N.Y.
4 A. D. 1890.
I = Tenth-The board of directors may make
Land adopt such bylaws not inconsistent with
/ these articles as they may deem necessary,
4 and NAV alter or amend the same by major
i jiy vote of those present at any regular meet
Ling. or at any special meeting called for that
4 purpose.
witness whereof the SAID ae. parties ties
4 hereunto set their hanoS anu seals this 1oth
81 mi 1900