Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-27
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 (3 of the gener
al statutes of the state of Minnesota, and OF the sew
eral legislative acts amendatory thereof do hereDy
agree and associate themselves. and become tncor-
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 .ture of its business ia the construction pur
chase of steamboat and boats, barges, or other
watercrafts, 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 pace 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 (3O years from
said date of commencement.
ARTICLE THIRD.
The amount of capital stock of this corporation is
ten thousand ($10,GOO) dollars, to be paid to the
treasurer of the company from 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 one time be subject 1s the sum
of five thousand dollars, (S5,000), which indebted
may be incurred in contracts for the building
purchase of steamboat, barges, or ether craft,
and except for said purpose greater
shall ever be created; and, Indebtedness for any
other purpose shall be created for any amount ex-
ceeding thousand dollars, Isl, 00O; and no in
debtedness for any purpose shall be incurred by said
corporation exceeding one thousand dollars Isl ,00,
unless the shall be authorized by resolution
voted Tor 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,
Mimi; 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, 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,
MINI.
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 a. Dam
forth, Henry Snyder aud Jas. Smith, Jr., who shau
hold their Office such until the second Tuesday in
February, A. D. 1881. The government and man
sgement Of its affairs shall be vested in board Of
O directors, to be elected by the stockholders,
election of directors to be held at the office
Of 6e 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
rst election to be held at the first meeting of the
board after the adoption of these articles said OH
GERS, when elected, to hold their Offices as such
until the said Tuesday in February, A. D. 1881, and
until their successors elected such election to be
held annually.
The treasurer shall give bond with good sureties
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 the
president subject to the approval of the board of -
rectors.
ARTICLE SEVENTH,
The number and amount of the shares of the
capita stock of this company is four hundred (400
of twenty-five dollars, (S25 COY, 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. q PERKINS,, Seal
W. n. GRANT, [Seal.l
MARTIN STRONG, Seal.]
HENRY SNYDER, [Seall
J. F. STONE, [Seal.]
H. G.. ROBINSON, Seal
In presence Of
]. 8 FERsoN,
E. VEENHovEN.
STATE OF MINNESOTA, lss
COUNTY OF PINE.
Before me, notary public, within and for said
county, this day personally came the above named,
to-wit: Hiram Bracket, Alfred G.. Perkins. Henry
Snyder, r. G.. Robinson, Martin Strong, j. F. Stone
and William 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. 1880. E. VEENHovEN,
[Seal.l Notary Public, Pine County. MINI.
$3.50