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

For the purpose Of organizing corporation, under
and by virtue Of the provisions Of title of chapter
a. of the general statutes OF the state OF MINES a
and the laws amendatory thereof we, the under
signed hereby associate ourselves to become incor-
pQrated for the purpose Of building, improving and
operating railways, telegraphs and telephones. as
more fully set forth IN the following articles OF In
corporation, which we hereby sdopt and sign:
ARTICLEI.
The name CT this corporation shall be the "Minne-
apolis st. Paul and Sea- Coast Railway company"
aud the general nature of Its business shall be the
building, improving and operating line Of railway,
telegraph and telephone from the city Of Minneapo-
lis via the city of ST. Paul. In the state of Minneso-
ta to some point the south boundary line Of said
state of Minnesota, in the county of Fillmore Mower
or Freeborn, and 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, A. D. 1882, and
the period of its continuance shall be two hundred
years.
The amount of the capital stock of this corpora
ton shall be three @ million dollars to be paid in
to the treasurer of said company In nstallments OF
not to exceed ten per centum OF the par value OF
each share at any time, as called for by the dl.
rectors; no two nstallments shall be called for in
any one period of thirty days.
ARTICLE w.
The highest amount of Indebtedness or liability
ect, shall not exceed three (S) million dollars.
ARTICLEV.
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 Nettleton, of Minneapolis, Minnie
sota.
ARTICLE vi.
The government of this corporation and the man.
sgement OF Its affairs shall be vested in board Of
uta1I hu hvy
the stockholders, at their annual meeting, which
shall be held on the first Tuesdsy in June in each
year. after the year 1882 at such place as the board
of directors may designate by bylaw, at which
share Of the capital stock shall entte the holder to
vote In person or by written proxy, and in case
said directors are not elected at the time above
named, they may be elected at any meeting Of the
stockholders called for that purpose.
The names of the first board of directors are:
Henry n. Sibley, Alexander Ramsey, Norman W.
Kittson. Edward 3: Thayer Richard Chute Sndson
II. Toll, who shall each hold the office OF director
until the time Of the annual meeting Of the stock
holders In A. D. 1885, and until their successors are
elected 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
year. after the annual meeting of the stockholders
and shall be president, vice president, general
manager, treasurer secretary and general solicitor
til his successor is elected and enters upon hs dutes
and said Offices shall be filed until their successors
are elected after the annual meeting of the stock
holders in A. D. 1885, and enter upon their duties.
by the following named persons, to-wit:
Observation-Disclosures Ramsey
Vice President-Edward II. 1hayer. =
General Manager-Edward Fl. Thsyer!
Treasurer-Henry II. Sib,ey.
Secretary-Judson n. Cross.
General Standardization N. Gross.
And said board OF directors may appoint such
other agents to hold their positions during the pleas
ure of said board as 1t may deem best.
ARTICLE VIII.
The number of shares of the capital stock of this
corporation shall be thirty thousand 100000 and the
amount of each share be one hundred dollars.
In witness whereof, We have herounto get our
hands and seals this s0th day of May, A. d. 1882
HENRY II. SHELLEY, fSeal ]
ALEX. RAMSEY, lSeal1
RICHARD CHUTE, [Seal]
JUDSON N. GROSS, (Seal.1
A. B. NETTLETON, ISeaL1
In presence Of
Fl. A. HOLMES,