Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-04
INCORPORATION.
ARTICLES OF Incorporation
OF THE
Minneapolis, St. Paul and Sea-
Coast Railway Company.
INCORPORATION.

For the purpc Sc of organizing corporation under
and by virtue Of the provisions Of title OF chapter
81 Of the general statutes Of the state OF M1nnes IA
and the lava amendstory thereof, we, the UNDER
signed, hereby associate ourselves to become tncor-
porated for the purpose Of building improving and
operating railways, telegraphs and telephones, as
more fully set forth 10 the following articles Of in
corporation, which We hereby adopt and sign:
ARTICLE /.
The name Of this corporation shall be the "Minne-
apolis, st Paul and Sea-Coast Railway company"
and 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
Ia, to some point the south boundary line OF said
state Of Minnesota In the county OF Fillmore, Mower
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 ~ million dollars, to be paid III
to the treasurer OF said company in instaments OF
not to exceed ten per centum Of the par value Of
rectors; no two installments shall be called for in
any one period of thirty days.
ARTICLE ".
The highest amount of indebtedness or liability
which this corporation shall at any time be SUBJ
ect shall not exceed three (S) million dollars
ARTICLE
The names and places of residence of the persons
forming this association for incorporation are !:
Henry Il. Sibley and Alexander Ramsey, Of st.
Paul. Minnesota; and Richard Chute, Judson N.
Gross andA Nettleton, OF Minneapolis, Minne-
sofa.
The government Of this corporation and the man
agement OF its affairs shall be vested In board of
nine ( directors who shall be elected by ballot, by
the stockholders, at their annual meeting, which
shall be held on the frst 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 shall entitle the holder
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 h. Sibley, Alexander Ramsey, Norman W.
Kit son, Edward H. Thayer, Richard Chute, Judson
N. Cross A. Nettleton, Ralph Plumb and Charles
ii. Toll. who shall each hold the Office of director
until the time of the annual meeting Of the stock
holders in A. D. 1888, and until their successors are
elet 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
year. after the annual meeting OF the stockholders
and shall be president. vice president, general
manager, treasurer, secretary and general solicitor,
VINO snail oaCn nOlO ulB OIuCe IOr Ouo year, duu u-
til his successor is elected and enters upon his duties,
and said Offices shall be filled until their successors
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-wt:
Observation-Disclosures Ramsey
Vice President-Edwa ard h. Thayer.
General Manager-Edward H. Thayer.
Treasurer-Henry Sb ey.
Secretary-Judson n. Cross.
General Solicitor-Judson Cross.
And said boafd Of directors may appoint such
other agents to hold their positions during the pleas
ure of said board, rs it may deem best
ARTICLE VIII.
The number of shares of the capital stock OF this
corporation shall be thirty thousand $4,000 and the
amount Of each share be one hundred dollars.
In witness whereof, we have hereunto set our
hands and seals this s0th day of May, A. D. 1882
HENRY II. SIBLEY, [Seal
ALEX. RAMSEY, (Seall
RICHARD CHUTE, lSeal.]
JUDSON N GROSS, (Seal.]
Abb NETTLETON, lSeaLl
In presence Of
II A. HOLMES,
FRED. WOODBOURNE.