Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-14
INCORPORATION.
ARTICLES OF INCORPORATION.
ARTICLE 1.

The name of this corporation shall be the Crock
ston Water Power Company, and its object and the
general nature of its business is the surveying, loca-
| ting, building, constructing and maintaining a dam
or dams on Red Lake River, and of a canal or race
from the same, whereon mills and manufactures can
be erected for the purpose of utilizing the power
created by such dam and race, or races, within the
limits of the City of Crookston, in the county Of
POLL, and State of Minnesota, to buy, lease, hold and
! sell real estate and other property, as may be neces-
sary to the successful carrying on of said water; ard
to rent the same, together with such water power or
any portion thereof, and to do any and all such other
business in and about the said business Of creating
and furnishing water power, booming of logs and
the erection of mills within the limits aforesaid, as
shall be for the best interests OF this corporation.
Such dam or dams, race or races, shall be located at
| such place or places within said city as a majority of
the directors of such corporation shall direct.
ARTICLE II.
The time of commencement of such corporation
| shall be the twenty fourth day of December, 1881,
and the period for the continuance Of the same shall
be fifty years..
The principal place of transacting the business of
said corporation shall be the city Of Orookston, in the
county of Polk and State of Minnesota.
ARTICLE Nv.
The amount of capital stock of said corporation
shall be seventy-five thousand dollars, which shall be
| paid in such inssallments as the board of directors
shall from time to time determine; no installment TO
exceed ten per centum, nor shall assessments there
for be made oftener than once in thirty days.
ARTICLE v.
The highest amount of indebtedness or liability to
which said corpora ion shall at any time be subject
is fifty thousand dollars.
ARTICLE VI.
The names and places of residence of the perzons
c1-~,;~ IIs N1;n4 ~ n-o %,
Ives, Morris r. Brown, Samuel W. Richie, 8. B.
Norris, John Friedrich, Nathan P. Stone, 4. {. Cow
ing, VIM. Anglim, Joseph Lawrence and Carl Kretz-
SEMINAR, all of the city of Crookston, Polk county,
Minnesota.
ARTICLE VII.
The names of the first board of directors of such
corporation are Frank ives, Morris R. Brown, Sam
uel ". Richie, s.. R. Norris. John Friedrich. N. P.
Stone, A. @. Cowing, VIM. Anglim, Joseph Law
renee and Carl Kretzschmar.
ARTICLE VIII.
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 seven nor more
than eleven in number, who shall be elected by bal
lot by the stockholders annually on the frat Monday
in June; and a president, vice president, secretary
and treasurer shall be elected annually within thirty
directors. Provided, that for the purposes Of the
first organization of such board, such officers shall
be elected by the present board of directors on the
Oath day Of December, 1880.
ARTICLE TX.
The number of shares and the amount of each of
the capital stock of such corporation shall be seven
hundred and fifty shares of one hundred dollars
each.
In testimony whereof we have hereunto set our
hands and seals this Sd day of December, in the year
1880.
In presence Of
John Mclean,
Robert Houston.
FRANK IVES, TSeal. |
JOHN FRIEDRICH, [Seal.
r NORRI TSeal !
JOS. LAWRENCE, Seal
CARL KRETZSCBMAR, SEAL
NATHAN P. o TSeal /
A. G. COWING [seal1
MORRIS r. BROWN, [Seal
LII ANGLIM TSeal.
s. W. G fSeal.
STATE OF MINNESOTA, lss
COUNTY OF POLK.
Be it known, that on this Sd day of December, 1880,
personally appeared before the undersigned, q no.
tary public within and for said county and State,
Frank Ives. Morris r. Brown, Samuel ". Richie, s.
r. Norris, John Friedrich, N. P Stone, A. @. Cow
ing, VIM. Angim, Joseph Lawrence and Carl Kre'z-
schmar, to me known to be the identical persons who
signed and sealed the foregoing instrument, and each
acknowledged that he executed the same for the pur-
34S-349 Notary Public, Polk Co., Mimi,