Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-24
ARTICLES OF INCORPORATION,
Articles Of Incorporation Of the Snake
River Transportation Company.

The undersigned in conformity to the provisions of
title two ( of chapter thrtyfour (34 of the gener-
statutes of the state of Minnesota and of the sew
eral legislative acts amendatory thereof, do hereby
agree and associate themselves and become 1ncor-
porated 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 ia the construction or pur-
chase of a steamboat and boats, barges or other
watercrafts their apparel and furniture to De sed
in the business of said company in the transporta-
ton of persons and property and general towing
business upon the Snake River and ts tributaries,
within the State OF Minnesota with all other proper
necessary and convenient for the transaction OF
said rsnsportlon business and to charge and receive
reasonable fares and freghs therefor, said business
to be conducted by said corporation, its servants,
agents, or lessees.
The D 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. 1880, and the
period of its continuance is thirty 3O) years from
said date of commencement.
ARTICLE THIRD.
The amount of capital stock of this corporation is
ten thousand (S10,G00) dollars, to be paid to the
treasurer of the company rom time to time, upon
calls or assessments made thereon by reso ution of
the board of directors.
ARTICLE FOURTH.
The highest amount of Indebtedness that said cor
poration shall at any time be subject is the sum
Of five thousand dollars, $4,000, which indebted
ness may be incurred in contracts for the building
or purchase of steamboat, barges, or other craft
and except for said purpose no greater
shall ever be created; and, no Indebtedness for any
other purpose shall be created for any amount ex-
ceeding thousand dollars, Isl ,G00); and no in
debtedness for any purpose shall be incurred by said
corporation exceed Dg one thousand dollars, (SlOO y
unless the shall be authorized by resolution
voted for by each and all of the directors of the
company.
ARTICLE FIFTH.
The names and places of residence of the persons
forming the association for incorporation are:
Hiram Brackett residing at Pine City, Pine county,
county, Mimi; Henry Snyder, residing at Pine City,
Pine county, Mimi; 4. G.. Robinson, residing at
Pine City, Pine county, MIMI; Martin Strong. resid-
ing at Pine City Pine county MINI D. w siGne,
II. Grant, residing at st. Paul, Ramsey county,
MINI.
ARTICLE SIXTH.
The names of the first board of directors of the
William 81. Grant, Martin Strong Stephen II, Dan
forth, Henry Snyder aud Jas. Smith, Jr., who shall
hold their Office such until the second Tuesday i'll
February, A. D 1881. The government and man.
agement of it's affairs shall be vested in board CT
az 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 comnany are president secre-
tary and treasurer to be ee ted by the directors the
brst election to be held at the first meeting of the
board after the adoption of these articles, said o-
GERS, when SO elected, to hold their Offices such
until the said Tuesday in February, A. D. 1881, and
until their successors are elected such election to be
held annually.
The treasurer shall give bond with good suret es
to he acceptance and approval of the board of drec
tors.
The other officers, agents and employees of the
company shall be appointed and selected by the
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, 40O
of twenty-five dollars, (S25 COY, each
In testimony of all which we have hereunto set our
hands and seals this 12lh day of February, A. D.
1889:
HIRAM BRACKETT, [seal.]
A. g PERKINS, Seal
W. n. GRANT, Seal
MARTIN STRONG, Seal.
HENRY SNYDER, [Seal.
j. F. STONE, Seal
X. G. ROBINSON, [seal.l
In presence Of
J. s. FERsoN,
E. VEENHOvEN.
STATE Go6 OF Ml IN p5so Iss.
Before me, notary public, within and for said
county, this day personally came the above named,
Snyder, R. G. Robinson, Martin Strong, j. F. Stone
and Wi liam Il. Grant who severally acknowledged
the signing and sealing of the foregoing instrument
and that the same is their voluntary act.
Witness my hand and official SEAL this 18th day of
February, A. d. $780, E. VEENHovEN,
(Seal Notary Public, Pine County. Mimi.