Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-08
INCORPORATION.
ARTICLES OF INCORPORATION.
ARTICLE I.

|
The name of this corporation shall be the Crook
ston Water Power Company, and its object and the
general nature of its business Is the surveying loca
ting, building, constructing and maintaining dam
| or dams Red Lake River, and of canal or race
from the same, whereon mills and manufactures
be erected for the purpose of utilizing the power
created by such dam and race, races, within the
limits of the City of Crookston, in the county OF
Polk and State of Minnesota to buy lease, hold and
sell real estate and other property as may be neces-
sary to the successful carrying of said water and
to rent the same together with such water power
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,
shall be for the best interests of this corporation.
Such dam dams, race races, shen be located at
such place or places within said city as msjorty Of
| the directors of such corporation shall direct.
ARTICLE IL
The time of commencement Of such corporation
shall be the twenty fourth day of December, 1881,
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 Crookson in the
county of Polk and State Of Minnesota.
ARTICLE ".
The amount of capital stock of said corporation
snail De seventy tnOu6anQ which shall
paid in such nstalments as the board of directors
shall from time to time determine; no instaIment to
exceed ten per centum, shall assessments there
for be made oftener than once in thirty days.
ARTICLE "
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 persons
forming this association for incorporation Frank
Ives, Morris R. Brown, Samuel W. Richie, 8. r.
Norris, John Friedrich, Nathan P. Stone, A. @. Cow
ing, VIM. Angim, 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 W. Rtchie 8. R. Norris, John Friedrich. N. P.
Stone, A. G. Oowing, VIM. Anglim, Joseph Law
renee and Carl KretZschmar.
ARTICLE VIII.
The government of this CORPORATION and the man.
agemen of its affairs shall be vested in the board of
directors, to consist of not less than
than eleven in number, who shall be elected by bal
lot by the stockholders annually on the first Monday
IN June; and president. vice president secretary
and treasurer shall be elected annually within thirty
days after the election of directors, by the board of
directors. Provided that for the purposes Of the
first organization of such board such officers shall
be elected by the 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 Dece nber in the year
1885,
In presence Of
John Mclean,
Robert Houston.
FRANK IVES, Seal
JOHN FRIEDRICH, Seal
SHERMAN Il NORRIS, Seal
JOS. LAWRENCE. GSeal
CARL KRETZSO omar, fSeal
NATHAN P. STONE, [Seal
A G. COWING, [seal |
MORRIS r. BROWN, Seal
WILLIAM ANGLIM, [seal
8. W. RITCHIE TSeaI. |
STATE OF MINNESOTA,
COUNTY OF Polk. $50
Be it known that on this Sd day of December, 1880,
personally appeared before the undersigned, no.
tary public within and for said county and State,
Frank Ives. Morris R. Brown, Samuel ". Richie, s.
z. Norris, John Friedrich, N. Stone, A. G. Cow
ing, VIM. Angp, Joseph Lawrence and Carl Kre z
SEMINAR to known to be the identical persons who
signed and sealed the foregoing instrument and each
acknowledged that he executed the for the puI
poses there expressed. JOHN MCLEAN,
345-349 Notary Public, Polk Co.,, MINI.