St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-21
A RTICLES OF INCORPORATION OF
~ The United States Investment and En-

A RTICLES OF INCORPORATION OF
IL The United States Investment and En-
dowment Company.
under the General Laws of the State OF 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 certlfi-
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
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, In
GLIDING lease hold estate; to sell, barter. ex-
change, convey. let mortgage and otherwise
dispose of. charge or cucumber any such
lands, tenements or Entertainments, 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
other writings obligatory; to borrow money
upon pledge or mortgage of or on any OF It's
property and holdings. real, personal and
mixed, and generally to do and perform any
act or thing necessary to be done ana per,
management of the business and 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-
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,
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: 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 or the SAID cor
poratiOn and the management OF Its affairs
| shall be vested in board OF seven directors,
| majority of whom shall reside in the state
| of Minnesota The term OF office of said Oil
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 dl-
| 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 hav-
| ing four years to serve to the fourth class
| The election shall be held at the annual
meeting of the company on the fourth Tues,
| day i'm 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 II. d; 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
| ity 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
| CAV of July 1890.