Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-28
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 thrtyfour (34 OF the gener-
al statutes of the state of Minnesota, and of the sew
era legislative acts amendatory thereof do hereby
agree and associate Themselves and become incor-
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.
eral tre of its business is the construction or pur
chase of steamboat and boats, barges, or other
watercrafs, their apparel and furniture to be used
in the business of said company, in the transporta-
ton of persons and property and general towing
business upon the 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 10Th day of February A. D. $780, and the
period of its continuance is thirty (3O from
said date of commencement.
ARTICLE THIRD.
The amount of capital stock of this corporation is
ten thousand (S1O,OOO) dollars, to be paid to the
treasurer of the company from time to time, upon
calls or assessments made thereon by reso ut1on 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, (S5,O00, which indebted
may be incurred in contracts for the building
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 one thousand d9llars, $1,000; and no in
debtedness for any purpose shall be incurred by said
corporation exceeding one thousand dollars Isl ,0O),
unless the same shall be authorized by resolution
company.
ARTICLE FIFTH.
The names and places of residence of the persons
forming the association for incorporation are:
Hiram Bracket residing at Pine City, Pine county,
Mimi; A. G. Perkins, residing at Pine City, Pine
county, MIMI; Henry Snyder, residing at Pine City,
Pine county, MIMI; Il. g. Robinson residing at
Pine City, Pine county, Mimi; Martin Strong, resid-
ing at Pine City, Pine county, MINI j. F. Stone,
residing at Pine City, Pine county, Mimi; William
II. Grant, residing at st. Paul, Ramsey county,
Mimi.
ARTICLE SIXTH.
The names of the first board of directors of the
company are: Hiram Bracket, Alfred G. Perkins,
William 81. Grant, Martin Strong, Stephen II. Dan
forth, Henry Snyder and Jas. Smith, Dr., who shall
hold their office such until the second Tuesday in
February, A. D 1881. The government and man
agement OF its 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, on the second Tuesday
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
beard after the adoption of these articles said off,
GERS, when elected, to hold their Offices as 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 sureties
to the acceptance and approval of the board of direc
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 (00
of twenty-five dollars, (S25 00) each.
In testimony of all which we have hereunto set our
hands and seals this 10Th day of February, A. D..
1880:
HIRAM BRACKETT, [seall
A. g PERKINS, [Seal.l
W. II. GRANT. [Seal.l
MARTIN STRONG, Seal
HENRY SNYDER, Seal
j. f. STONE, TSeal1
H. G. ROBINSON, [Seal.1
In presence Of
j. s FERsoN,
Z. VEENHovEN.
STATE Go9 OF N1 IN PESO, ISIS.
Before me, notary public, within and for said
county, this day pers onaly came the above named,
to-wit: Hiram Bracket Alfred g. 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 same is their voluntary act.
Witness my hand and official SEAL this 18th day Of
February A. D. 1880. E. VEENHovEN,
[Seal.l Notary Public Pine County. MINI.