Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-01
INCORPORATION.
ARTICLES OF INCORPORATION
OF THE
Minneapolis, 81. Paul and Sea-
Coast Railway Company.

Coast Railway Company.
For the purpose Of organizing corporation, under
and by virtue Of the provisions Of title Of chapter
81 of the general statutes of the state Of MINES ia
and the laws amendatory thereof, we, the UNDER
signed, hereby associate ourselves to become 1ncor.
porated for the purpose Of building, improving and
operating railways, telegraphs and telephones, as
more fully set forth in the following articles OF IL
corporation, which We hereby adopt and sign:
ARTICLEI.
The name Of this corporation shall be the "Minne-
apolis, st Paul aud Sea-Cosst Railway company,
and the general nature of Its business shall be the
building i'm rowing and operating line OF railway,
telegraph and telephone from the city OF Mnneapo-
lis via the city of st Paul. in the state OF Mnneso-
ia, to point on the south boundary line OF said
or Freedom, 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 dsy Of June. D. 1882, and
the period Of Its continuance ehau 20 TWO hundred
years.
ARTICLE III.
The amount of the capital stock Of this corpora
ton shall be three (3) million dollars, to be paid IN
10 the treasurer of said Company in instaments OF
not to exceed ten per centum OF the par value OF
each share at any Hme as called for by the oil.
rectors; no two 1nstalments shall be called for in
al y one period of thirty days.
ARTICLE ".
The highest amount of indebtedness or liability
to which this corporation shall ct any time be sub.
jsct, shall not exceed three (3) million dollars.
ARTICLE
The names and places of residence of the persons
forming this association for incorporation are :
Henry a. Sibley and Alexander Ramsey, OF st.
Paul, Minnesota; and Richard Chute, Judson N.
opdA Mott orr nfN
sota
The government of this corporation and the man
agement of its affairs shall be vested In board OF
nine @ ors, who shall be elected by ballot, by
the stockholders, st their annual meeting, which
shall be held the fret Tuesday 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 sha ente the holder to
vote in person or by written lroxy, 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 Fl. Sibley, Alexander Ramsey, Norman W.
Kittson, Edward 81. rhayer, Richard Chute, Judson
N. Cross A. b Nettleton, Ralph Plumb and Charles
H. 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
eIe. ted and enter upon their duties.
ARTICLE VII.
The OthceTS OF this cOrpOrauOn snail Do eecteQ Dy
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,
who shall each hold his Office for one year. and un-
til his successor is elected and enters upon his duties,
and said Offices shall be filed until their successor
are elected after the annual meeting Of the stock
holders in A. D. 1883, and enter upon their duties,
by the following named persons, to-wit:
Observation-Disclosures Ramsey.
Vice President-EdWar a. 1hayer.
General Manager-Edward II. Thsyer.
Treasurer-Henry 81. Sibiey.
Secretary-Judson N. Cross.
General Holicitor-Judson N. Gross.
And said board OF directors may appoint such
other agents to hold their positions during the pleas
ure Of said board, ss 1t may deem best.
ARTICLE VIII.
The number of shares of the capital stock Of this
corporation shall be thirty thousand 3)000 and the
amount Of each share be one hundred dollars
In witness whereof, we have hereunto set our
hands and seals this 30th day Of May, A. d. 1882
HENRY H. SHELLEY, Seal
ALEX. RAMSEY, CSeal.]
RICHARD CHUTE, [Sesl.]
JUDSON N CROSS, lSeal.]
A. 3. NETTLE TON, lSeal.]
In presence Of
II A. HOLMES,
FRED. WoODBoURNE