Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-03
INCORPORATION,
Articles Of Incorporation.
ARTICLE 1.

ARIlCLE L.
The name of this corporal on shall be The Lake
Superior and Red River Valley Railroad Company,
and its object and the general nature of its business
is the surveying locating building and construction
of single double track railroad, from the State
line between the State of Minnesota and the State Of
Wisconsin, at some feasible point in township No.
148 of range Is, west of the fourth principal merid
ian, i'll general ENTHUSIASTICALLY direction, by the
most feasible route by way of the mouth of the
Cloquet river in ST. Louis county, Lake Winnie
goshsh, Cass lake and Leach lake, IN Cass and
Itasca counties, and Red Lake Falls and Crookston
in Polk county, to Red River of the North in or near
township No. IA of range 49, in said county of Polk,
Minnesota; and all such sidetracks turn-outs, depot
grounds, depots, warehouses, elevators, machine
shops and car manufactures and other appendages
as it may deem suitable and convenient for the use
and operation of said railroad and the operation
thereof in receiving, storing and shipping freight,
and in the transportation of passengers and freight
over said abroad
ARTICLE II.
he time of commencement of said corporation
shall be the th1tIeh day of December, 1879, and the
period for the continuance of the shall be fifty
years.
ARTICLE III.
The principal place of transacting the business Of
said corporation shall be the city of CrookstoD, in
the c-unty of Polk, in the State of Minnesota.
ARTICLE ~.
The amount of capital stock of said corporation
shall be five million dollars, which shall be paid in
such instauents the board of directors shall
from time to time determine, no instalment TO ex-
coed ten per centun nor shall assessments therefor
be made oftener than once in thirty days.
ARTICLE V.
The highest amount of Indebtedness or liability to
which said corporation shall at any time be subject
is three million dollars.
ARTICLE VI
The names and places of residence of the persons
forming such association for incorporation. are
Morris r. Brown, Thomas G. Shspleigh, Frank
Ives, John Frederick Arthur Yoernault, George
Crocker Z. b. Ellsworth and William NJ. Ross, of
Polk county. Minnesota, James Barden and Irwin
W. Gates of the county of Douglass, i'll the State Of
Wisconsin, and Isaiah Gervais of Red Lake Falls,
Polk county, Minnesota.
ARTICLE VII.
The names Of the first board of directors of said
corporation Morris X. Brown, Thomas G. Shap-
leigh. Frank Ives, John Frederick, Arthur Yoer-
naut, George Croker, E. b. Ellsworth, William M.
Ross and Isaiah Gervais of Polk county, Minnesota,
and James Barden and Irwin W. Gates of the
county of Douglass, in the State of Wisconsin.
The government Of this corporation and the man
agement of its affairs shall be vested in the board of
directors, to consist of not less than nine
than eleven i'll nunbo :, and who shall be elected by
ballot by the stockholders annually, on the first
Tuesday in June in each year and a president, vice
president, secretary and treasurer shall be elected
annually by the board 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 OH the Both day OF December 1879
ARTICLE VIII.
The number and amount of the shares in the
capital stock of said corporation shall be hum
bred thousand shares of fifty dollars each.
In witness whereof we have hereunto get our
hands and seals this 9Th day of December 1879.
Signed and sealed in presence of
JOHN MCLEAN,