Daily globe., 1881-08-15
INCORPORATION.
ARTICLES OF INCORPORATION.

The undersigned, Springer Hasbaugh, Cushman
K Dav is, Jacob H. Stewart and Charles w. McIn-
tyrs, all residents of the city of st Paul. county Of
Ramsey and state of Minnesota, and Robert Fair
weather. William Angiim and Frank Ives all resi-
dents Of Crookstop, in the county Of Polk in said
State, and Michael Graver and Charles Lockhart,
both residents Of the city Of Pittsburgh, county OF
Allegheny, State of Pennsylvania, hereby associate
tion under and In pursuance of the statutes Of the
State of Minnesota, and declare:
FIRST.
That the name of this corporation shall be The
Lake Superior aud Dakota Railway Company, and
its general purpose and the nature Of Its business
shall be to construct In direct line, may
be consistent with engineering difficulties. and OPP
eiate railroad from point at or in the town Of
Duluth, county of st. Louis, State Of Minnesota,
States of Wisconsin and Minnesota, to point OH
the Red River of the Norh in the State Of Minne-
sofa, north Of the eleventh standard parallel; and
alse to erect and operate line lines OF telegraph
between said terminal points, IN connection with
such railroads as 1t may construct.
The principal place of transacting the business of
aid corporation shall be at st Paul, Ramsey county.
State OF Minnesota,
The time of the commencement of said corpora
ton thall be the 9th day of August, A. D. 1881, and
the period of its continuance shall be fifty 60) years
from said date.
THIRD.
The amount of the capital stock of said corpora
ton Is hereby fixed and limited at the sum Of FIVE
II ilion (S6G0o,0U) dollars. The said capital stock
Is to be paid into the treasury Of said corporation
upon call of the board of directors.
FOURTH.
The highest amount of Indebtedness or liability
to which said corporation shall at any time be subject
is hereby fixed and limited at the sum of five
million ($5, COO, ,0OQ) dollars.
The place of residence of the persons forming this
corporation and their names, are as follows: Spring
er Harbaugh, Cushman Z. Davis, Jacob d, Stewart
and Charles W. Mcintyre, who reside at the city of
st. Paul, In the county Of Ramsey, State OF Mime:
sofa; Robert Fairweather, William Anglim and
Frank Ives, who reside at Crookston, In the county
of Polk, In said State, and Michael Graver and
Charles Lockhart who reside at the city of Pitts
burgh, in the county of Allegheny, State OF Penn
sylvapia.
The names of the first board of directors are as
follows. namely: Springer Harbaugh, Cushman K.
Davis Jacob H. Stewart, Charles W Mcintyre,
Robert Fairweathtr, William Anglm, Frank Ives.
Michael Graver, Charles Lockhart, who shall hold
their Office until their successors are elected and
qualified.
The government of the said corporation and the
management of its affairs shall be vested in the fol-
lowing named officers: One president, one vice.
president, one superintendent, one secretary, one
treasurer, general solicitor, and board of di-
rectors consisting of nine (9) persons, including
said officers, each of whom shall be stockholders In
said corporation. The board of directors shall be
elected by said stockholders of said corporation
the first Tuesday of August in each year, and the
officers above named shall be elected by the board
of directors on the second Thursday in August in
each year.
SEVENTH.
The number Of shares in the capital stock of said
corporation is hereby fixed and limited at fifty
Thousand (50,0C0 shares and the amonnt of each of
said shares is hereby fixed and limited at the sum of
one hundred ($lO0 0Q) dollars.
In witness whereof We have hereunto set our
hands and seals this 5th day of July, A. D. 1881:
SPRINGER HARBAUGH, [Seal
OUSHMAN X. DAVIS, [Seal.
JACOB d. STEWART, [Seal.
CHARLES W. MCINTYRE, [Seal
ROBT. FAIRWEATHER, [6eal !
WILLIAM ANGLIM, Seal ]
FRANK IVES, [Seal.
MICHAEL GRAVER, [Seal. |
CHAS. LOCKHART, [Seal |
Signed and sealed in presence Of
De L. HARBAUGH,
W. W. WOOD,
JAS. W. DRAPER, witness as to M. Graver and
Chas. LOckhart.