Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-04
INCORPORATION.
ARTICLES OF INCORPORATION
OF THE
Central Minnesota and Dakota
RAILWAY COMPANY.
FIRST.

The name of this corporation shall be the
Central Minnesota and Dakota Railway Com
pany, and it's objects and general nature OF Its
business, the surveying, locating, constructing
and operating of a single or double track rail
way, from point to be hereafter selected and
designated in either township, numbered one
hundred thirty-four Q34,) or one hundred
thirty-five 1857 range thirty -four ga, thirty
five 49, or thirty-six (S6,l west OF the fifth
in westerly direction between the north lines
of townships numbered one hundred thirty
one Q31) and one hundred thirty-six Q36,) to
the west line of the State of Minnesota and the
east line of the territory of Dakota; thence in
westerly course between parallels numbered
forty-fve (45) and forty-seven en- to the James
river; thence in q westerly course between
parallels numbered forty-four G44) and forty,
seven az to the west line of the territory OF
Dakota, together with all such branches, turn
outs, side tracks, depot ground, depots, ware
houses, elevators, machine and car shops, and
other manufactures appurtenances, canals,
locks, docks, bridges, piers, boats. barges,
bridges, telegraph and telephone lines, and
other appendages as may be deemed requisite,
necessary and suitable for the full prosecution
of the business and operating of said railway
and the conducting and maintenance thereof,
the receiving, storing, shipping and transport
ing of freight, merchandise and passengers
over said railway, its branches, boats, barges,
or other forms of navigation, and the trans
action of business over its telegraph or tele
phone lines.
The time of commencement of said corpora
ton shall be the first day of December, A. D.
eighteen hundred and eighty QSS0,) and shall
continue for the term of fifty (5O) years.
THIRD.
The principal place of business of said cor
poration shall be at Saint Paul, State of Min
nesOta.
FOURTH.
The amount of capital stock of said cor
poration shall be four million eight hundred
thousand (s4,SOO,OOO) dollars, divided into
ninety-siX thousand (96,000) shares, of fifty
(S5O) dollars each, and shall be paid for and in
| to the treasury of said corporation in such
manner and in such installments as the board
of directors may from time to time determine.
| FIFTH.
| The highest amount of indebtedness or liza
bility Exclusive of stock to which said cor
| poration shall at any one time be subject, is
four million dollars ($4,0 OO,0OO)
| SIKH.
The names aad present residences of the per.
| sons forming this association for incorporation
are, Lawson S. Warner, Lucian B. Martin
George w. p Bowman, Morris B. Derrick
Russell j. Waters, Henry Whipple and Treat T
Prosser, of the city of Chicago, county OF
Cook, and State of Illinois.
SEVENTH.
The names of the first board of directors
are Lawson S. Warner, ,Lucian B. Martin
George w. p Bowman, Morris B. Derrick
Russell J. Waters, Henry Whipple and Treat
| T. PrOsser.
EIGHTH.
The government of this corporation and the
management of it's affairs shall be vested in
its board of directors, to consist of not less
than seven (7) nor more than eleven QD in
number; who shall be elected by ballot by the
stockholders on the second Tuesday in July OF
each year, q President, Vice President, Secre-
taIy and Treasurer shall be elected annually by
| the board of directors, and such other mana
| gers or officers as may be provided for by the
Bylaws of this association; provided, that
for the purpose of the first organization of
said board, said officers shall be elected by the
first board of directors as soon as practicable.
| In witness whereof we have hereunto set our
hands and seals this first day of December, A.
d. one thousand eight hundred and eighty
| QSS0).
| LAWSON S. WARNER, [Seal.l
LUCIAN B. MARTIN, [Seal]
| GEORGE w. P. BOWMAN, [Seal.]
MORRIS B. DERRICK, [Seal]
| RUSSELL J. WATERS, [Seal
HENRY WHIPPLE, [Seal]
| TREAT T. Pre- SSER, [Seal