Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-25
ARTICLES OF INCORPORATION.
Articles Of Incorporation Of the Snake
River Transportation Company.

The undersigned in conformity to the provisions of
title two 2) of chapter thirty 34, Of the gener
eral legislative acts amendstory thereof, do hereby
agree and associate themselves. and become incor-
poraed by the adoption of the following articles of
incorporation, to-wit:
ARTICLE FIRST.
The corporate name Of this corporation is, 'The
Snake River Transportation Company" The gen.
era ture of its business is the construction or pur-
chase of q steamboat, and boats barges, or other
watercrafs, their apparel and furniture to be used
in the business Of said company, in the Transports
ton OF persons and property and general towing
business upon tho Snake River and its tributaries,
within the State OF Minnesota, with all other proper
ty necessary and convenient for the transaction of
said transpOron business, and to charge and receive
reasonable fares and freghts therefor said business
to be conducted by said corporation, Its servants,
agents, or lessees.
The p ace of the principal Office Of said company
is Pine City, in the county of Pine, in said State.
ARTICLE SECOND.
The time Of the commencement Of this corpora
ton is the 18th day Of February, A. D. $780, and the
period of its continuance is thirty 1907 years from
eaid date of commencement.
ARTICLE THIRD.
The amount of capital stock of this corporation is
ten thousand $4,000 dollars, to be paid to the
calls assessments made thereon by reso rtion CT
the board of directors.
ARTICLE FOURTH.
The highest amount of Indebtedness that said cor
poration shall at any one time be subject is the
of five thousand dollars, 5000, which indebted
ness may be incurred in contracts for the building
purchase of steamboat, barges, or other craft,
and except for said purpose no greater Indebtedness
shall ever be created; and, Indebtedness for any
other purpose shall be created for any amount eI-
ceeding one thousand dollars, ($1 0O0); and no in
debtedness for any purpose shall be incurred by said
corporation exceeding thousand dollars 81 OO0).
unless the sane shall be authorized by a resolution
voted for by each and all Of the directors of the
company.
ARTICLE FIFTH.
The names and places of residence Of the persons
Hiram Brackett residing at Pine City, Pine county,
Minn.; A. g. Perkins, residing at Pine City, Pine
county, MIMI; Henry Snyder, residing at Pine City,
Pine county, Mimi; r. G. Robinson, residing at
Pine City, Pine county, MINI Martin Strong Iesid-
ing at Pine City, Pine county, Minn J. F. Stone,
residing at Pine City, Pine county, MIMI; William
II. Grant, residing at st. Paul, Ramsey county,
Minn.
ARTICLE SIXTH.
The names of the first board of directors of the
company are: Hiram Bracket, Alfred G. Perkins,
William Il. Grant, Martin Strong, Stephen H. Dam
forth, Henry Snyder aud Jas. Smith, Jr., who shall
hold their office as such until the second Tuesday in
February, A. D. 1881. The government and man
agement of its affairs shall be vested in board Of
~ directors, to be elected by the stockholders
the first election of directors to be held at the Office
of the company, in Pine City, the second Tuesday
of February, A. d. 1881, and annually thereafter.
Other officers of this company president, secre
tary and treasurer to be elected by the directors the
first election to be held at the first meeting Of the
board after the adoption of these articles, said OIL
GERS, when SO elected to hold their Offices as such
until the said Tuesday in February A. D. 1881, ind
until their elected such election to be
held annually.
The treasurer shall give bond with good suret es
to The acceptance and approval Of the board of drec
tors.
The other officers, agents and employees of the
company shall be appointed and selected by tho
president subject to the approval of the board of d.
rectors.
ARTICLE SEVENTH.
The number and amount of the shares of the
capital stock of this company is four hundred G0O)
of twenty-five dollars, 1925 OO), each.
In testimony of all which we have hereunto set our
hands and seals this 18th day of February, A. D.
1880:
HIRAM BRACKETT, [Seal
A. u. PERKINS, lSeal.l
w. II. GRANT, seal.l
MARTIN STRONG, seal.1
HENRY SNYDER, SeaL1
]. F. STONE, Seal
X. G.. ROBINSON, (Sesl.1
In presence Of
]. s. FERsoN,
Z. VEENHovEN
STATE co on Md On pfso, SIS.
Before me, a notary public within and for eaid
county, this day personally came the above named,
to-wit: Hiram Bracket, Alfred q. Perkins Henry
Snyder, r. g. Robinson, Martin Strong, j F. Stone
and William II. Grant. who severally acknowledged
the signing and sealing of the foregoing instrument
and that the came is their voluntary act.
Witness my hand and official seal, this 18th day of
February, A. D. 1880. Z. VEENHovEN,
[seall Notary Public, Pine County, MINI.
64-60