The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-21

must be good and cheap, for cash. sos
Clark st.
Articles of Incorporation of the
Municipal Investment Company.
KNOW ALL MEN BY THESE PRES
ents: That we, the undersigned, have
associated and do hereby associate our
Ing and forming corporation under and
pursuant to the provisions of Title two
~, chapter thirty-four go. of the Cen
eral Statutes Of the State Of Minnesota
and all acts of said State amendatory
thereof, and to that end. hereby respect
lively adopt and subscribe the following
Articles OF incorporation, to-wtt:
ARTICLE I.
The name sof the corporation hereby
formed and organized shall be Municipal
Investment Company and the principal
place Of transacting the business of said
corporation and the location Of it's prin-
Paul. in the County of Ramsey and
state Of Minnesota.
ARTICLE II.
The business and purpose of this Com
pany shall be the purchasing acquiring,
holding and the selling of stocks, bonds,
debentures. contracts, or other obligations
OF other corporaions. partnerships, per-
sons. associations, undertakings or pub
money to the same, and to that end 1t
shall have power to purchase, sell, ex-
change. assign. transfer and convey any
such obligation or security and to pledge
hypothecate, assign and transfer the
same. and to issue and sell its bonds, de-
bentures or other obligations as we'll
upon the securities 50 pledged and hypo-
thecated as otherwise: it shall also
have the power to deal in. buy, sell and
exchange real estate. plat. subdivide,
lease. mortgage, and improve the same;
to- construct TOWN. SELF lease and rent
buildings, and to purchase and sell any
PERSONAL &prOpeT tsa) oIto shall also have the
poWersto5'tend money! either for Itself or
as agent for Others, 'S4lDOn approved Sc
curity.e W1Tet Their reals orst personal and to
act 'as- "a gent. -9orok eF; cInanager and re-
cetXers landBotherWise sthe performing of
whatever acts may be necessary, conVe-
nient' Undesirable f1{f or<Habout such bust
ness. oS,94S1 ,&h-15d ts-Os
ARTICLE III,
The time of commencement of said cor
poration1 shall be the first day of Deem
Der, 1899; and the period of it's contin-
uance shall be the term of thirty 800
years thereafter.
ARTICLE ".
The amount of the capital stock of said
corporation shall be So. 0eo.0O, divided In
to 500 shares of $4,000 each. and the CAPT
tai stock. of said CORPORA ton shall be
subscribed or issued in such manner and
times and in. such installmenfs as the
Board Of Directors may determine
ARTICLE V.
The highest amount of indebtedness or
liability to which this corporation shall
at any time be subject shall be $40 900 90.
exclusive Of bonded. mortgage or deben-
ture Indebtedness.
esa6ARTICLE- VI
Fheananaess ofsthe persons forming said
corporation are as. follows, to-wit: w. ].
Dickson, an Of STU Paul. Ramsey County,
Minnesota.
~ T -gaARTIGEE VII.
The, government of, said corporation
and the management of its affairs shall
be and is hereby vested in a board OF di-
rectors, which shall consist of not less
than three persons. each and all of
whom shall be stockholders in said cor
poration. and majority of whom shall
constitute quorum for the transaction
or business. Such directors shall he
elected at the regular annual meeting
of the stockholders Of said corporation.
which shall be held on the first Wednes-
day in January in each year: or, in case
OF failure to elect at any such annual
stockho!ders specially called for that pur-
pose. Members Of said board of direc-
tors shall hold office for one year, or
until their successors are elected and
qualified.
The first board of directors of said
corporation shall be composed of the fol-
loving 10 persons, who shall hold office I'M
TIL the first annual meeting of the share
holders of said corporation, and until
their successors are elected and qualified:
". J Dyer. Franklin H. Griggs and w.
The officers Of said corporation shall
be PRESIDENT. Secretary and Treasurer
Such officers shall be elected annually by
the board of directors at the first meet
ing Of said board that shall be held after
any stockholders meeting at which new
board of directors has been elected. and
snail hold office respectively until their
successors are elected and qualified ANY
one person may hold the offices of Sec
rotary and Treasurer at the same time
The Board of Directors shall have DOW
er to establish bylaws: and the duties
Of the officers of this corporation shall
be such as are defined by its bylaws
hereafter to be adopted
Whenever any vacancy shall occur in
said Board of Directors. or in any office
Of this corporation. the same may be
filled by the board of directors af anv
subsequent meeting thereof: the person
or persons so chosen shall hold office.
unless sooner disqualified. until the next
succeeding annual meeting of the stock
holders or directors of this corporation.
or until successor has been elected and
qualified. go ts-
The first officers of said CORPORATION
shall be the following persons. who shall
hold office until the first meeting of the
Board of Directors of said corpora tiOn
and until their successors are elected and
President-w. ]. Dyer.
Secretary and Treasurer-W. H Dick
In witness whereof. we have berenn+o
set our. hands and seals this 18th day of
November. 1899.
w. j. DYER, (Seal
FRANKLIN H. GRIGGS, (Seai3
w. H. DICKSON. (Seal0
Signed. sealed and. delivered in pres
ence off,
Albert johnson.
c. H. Williams -
STATE OF MINNESOTA. COUNTY OF.
RamSey-Ss.
On this 18th day of November. A D
1889, before me personally appeared w
Dyer, Franklin H. Griggs and w IT
Dickson, to me known to be the persons
described in and who executed the fore
going instrument, and they acknowledges
that they executed the same as their free
act and deed
(Notarial Seal) e. N. SMITH
Notary Public.
Ramsey County, Minnesota.
QO-cent revenue stamp, canceled.)
OFFICE OF REGISTER OF DEEDS
County of Ramsey. State of Minnesota.
SIS.
hereby certify that the within Arn-
cles We're filed for record In this Office
on the 18th day of November. A D.
1899. at 1885 o'clock g. M. and was duly
recorded In Book I of interpretations,
page =.
EDW'D G. KRAMER.
Register of Deeds.
STATE OF MINNESOTA. DEPART
ment of State