Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-03
INCORPORATION.
INCORPORATION.
ARTICLES OF INCORPORATION
OF THE
Minneapolis, St. Paul and Sea.
Coast Railway Company.

For the purpose uf organizing corporation, under
ard by virtue Of the provisions Of title of chapter
a. of the general statutes of the state c! MINES ia
and the laws ameDdafory thereof, we, the under
signed, hereby associate ourselves to become ncor-
porsted for the purpose of building, improving aud
operating railways, telegraphs and Telephones, as
more fully set forth IL the following articles of In
corporation, which we hereby adopt and sign:
ARTICLE I.
The name CT this corporation shall be the "Minne-
apolis, st Paul aud Sea-Oosst Railway company
aud the general nature of tts business shall be the
bailding, i'm rowing and operating line Of railway,
telegraph and telephone from the city of Mtnneapo-
lis via the city Of st Paul. in the state of Minneso-
ia, to point the south boundary limo of said
state of Minnesota, in the county Of Fillmore, Mower
or Freeborn aud the principal place Of transacting
the same shall be the city of St. Paul, In Ramsey
county, state of Minnesota.
ARTICLE II.
The time of the commencement of this corpora
ton shall be the 18th day of June. D. 1882, and
the period of its continuance shall be two hundred
years.
ARTICLE III.
The amount of the capital stock of this corpora
ton shall be three (3) million dollars to be paid III
to the treasurer Of said company In pstalments Of
not to exceed ten per centum OF the par value ct
each share at any time, as called for by the d.
rectors; no two nstalments shall be called for in
any one period Of thirty days.
ARTICLE w.
The highest amount Of Indebtedness or liability
which this corporation shall at any time be SUBJ
ect, shall not exceed three (3) million dollars.
ARTICLE v.
The names and places of residence OF the persons
forming this association for incorporation are
Henry II. Sibley and Alexander Ramsey, OF st.
Paul, Minnesota; and Richard Chute, Judson N.
Gross and A. B Netleton, of Minneapolis, Mime.
sofa
ARTICLE vi.
The government of this corporation and the man
agement of its affairs shall be vested in board Of
nine O directors, who shall be elected by ballot, by
the stockholders, at their annual meeting, which
year, after the year 1882 at such place as the board
Of directors may designate by bylaw, at which
meeting and all meetings of the stockholders, each
share of the capital stock shall enle the holder to
one vote In person by written rroxy, and In case
said directors are not elected at the time above
Named they may be elected at any needing of the
stockholders called for that purpose.
The names of the first board Of directors are
Henry Fl. Sibley, Alexander Ramsey, Norman W
Kit,son, Edward b. rhsyer. Richard Chute, Judson
N. Gross, A. B Nettleton, Ralch Plumb and Charles
until the time Of the annual meeting Of the stock
holders In A. D. 1883, and unt their successors
eie, ted and enter upon their duties.
ARTICLE VII.
The officers Of this corporation shall be elected by
the board of directors at their first meeting each
and shall be q president. vice president, general
manager treasurer, secretary and general solicitor,
who shall each hold his ONCE Tor one year, and I'M
til his is elected and enters upon his duties,
and said Offices shall be filed until their successorH
are elected after the annual meeting Of the stock
holders In A. 1883, and enter upon their duties,
by the following named persons, to-wt:
President-Alexand der Ramsey
Vice President-Ed~ ard Il. 1hayer.
General Manager-Edward 81. ThSyer.
Treasurer-Henry A. Sibey.
Secretary-Judson N. Cross.
General solicitor-Jndson N Cross.
And said board OF directors may appoins such
other agents to hold their positions during the pleas
ure of ssid board, ss It may deem best
ARTICLE VIII.
The number of shares Of the capital stock Of this
corporation shall be thirty thousand $1,000 and the
amount of each share be one hundred dollars.
In witness whereof, we have hereunto Sc. our
hands aud seals this seth day Of May, A. D. 1882
HENRY a. sIBLEY, (Sesl ]
ALEX. RAMSEY, fSeal.]
RICHARD CHUTE, [5eal.]
JUDSON N. GROSS, [Seal]
A. B. NETTLETON, ISeal]
In presence Of
II A. HOLMES,
FRED. WooDBoURNE.