Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1879-01-30
The New Railroad Company.

zhe ARTICLES Of Incorporation Of The
Little Falls and Dakota Railroad
Company.
We the undersigned do hereby as
sociate ourselves together for the pur>
pose Of incorporation under the pro-
visions of title one (Dof Chapter thir-
ty>four (34) Of the General Stat
utes of the State of Minnesota and the
amendments thereto, and to that end
do hereby adopt the following
ARTICLES OF INCORPORATION.
Article I.
The name of this corporation shall
be The Little Falls and Dakota Rail-
road Company: and its object and the
general nature Of it's business is the
surveying, locating, building and con-
struction of a single or double track
railroad from the town of Little Falls,
in the County of Morrison and State
of Minnesota by the way Of the village
of Sauk Centre in the County of
Stearns, the village Of Glenwood and
along the north shore of Lake Wh1p-
pie to or near the outlet of said lake
in the County of Pope, and the village
of Morris in the County of Stevens, to
the west line of the State, and all such
side~tracks, turnouts, depot grounds,
depots, warehouses, elevators, machine
shops, car manufactures and ether ap>
pendages as it may deem suitable or
convenient for the use and operation
of said railroad, and the operation
thereof in receiving, storing and ship
ping freight, and in the transportation
of passengers and freight over said
railroad.
The principal place of transacting
the business of said corporation is the
village Of Sauk Centre in the County
Of Stearns and State of Minnesota.
Article II.
The time of commencement of said
corporation shall be the Tenth day of
February, A. D. 1879, and the period
for the continuance Of said corporation
is fifty years,
Artieze III.
The amount of capital stock of said
corporation shall be two million dollars,
which shall be paid in such installments
as the Board of Directors shall from
time to time determine, no installment
to exceed ten per centum, nor shall as
sessments therefor be made oftener
than once in thirty days,
Article ".
The highest amount of Indebtedness
or liability to which the said corpora>
tion shall at any time be subject is one
million and five hundred thousand
dollars.
Article Y.
The names and places of residence
OF the persons forming such association
for incorporation are n. S. Lovett, H.
W. Stone, A. B. Stedman, Geo. A. J.
Overton, Of Morris, Stevens County,
Minnesota J. G.. Whittemore, E. f.
West, K. J. Kinney, of Glenwood,
Pope County, Minnesota; N. B.
Wollan, Of White Bear Centre.
Pope County, Minnesota; P. Hoffman,
of W estport, Pope County, Minnesota;
A. Barto, A. Moore, E. P. Barnum,
Joseph Carser, N. H. Miner, of Sauk
Centre, Stearns County, Minnesota );
o. A. Churchill, N. Richardson, VIM.
Brown, VIM. Butler, j. Simmons, of
Little Falls, Morrison County, Minne>
sofa.
article VI.
The names Of the first Board of Di-
rectors of said corporation are J..
Simmons, N. Richardson, of Lit>
Falls, Morrison County, Minnesota :;
A. Barto, E. P. Barnum, of Sauk
Centre, Stearns County, Minnesota ;
j. G.. Whittemore, K. J. Kinney,
of Glenwood, Pope County, Minne>
sofa; H. W. Stone, A. B. Sted-
man, of Morris, Stevens County, MINI
nesota.
The government of this corporation
and the management of it's affairs shall
be vested in the Board of Directors to
consist of not less than seven CD nor
more than fifteen (15) directors, and
who shall be elected by ballot, by the
stockholders, annually, on the Second
Tuesday of June in each year, and in
a President, vice. President, Secretary
aud Treasurer, to be elected annually
by the Board Of Directors at the first
meeting thereof after the annual elec~
tion Of directors provided, that for
the purpose of the first organization of
such board said officers shall be elected
by the present Board of Directors.
article vi.
The number and amount of the
shares in the capital stock of said cor
roration shall be forty thousand shares
of fifty dollars each.
In witness whereof we hereunto set
our hands and seals, this Twenty
fourth day of January, A. D. 1879, i
(Here follow the names signed.