Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-02
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 ia
and the laws amendatory thereof, we, the UNDER
signed, hereby associate ourselves to become ncor.
porated for the purpose Of building, improving and
operating railways, telegraphs aud 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 DC the
b1ilding, Inn rowing and operating line OF railway
Lib via the city Of st Paul. in the state Of Minneso-
ia, to point the south boundary line Of said
state of Minnesota ia the county Of Fillmore Mover
Freedom. AID the incipal place Of transscting
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 shal be the 18th day of June. A 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 fhall DO three (S million dollars, to be paid IN
to the treasurer Of ead company IN installments OF
not to exceed ten per oentum OF the par value OF
each share at any time, as called for by the d.
rectors no two installments shall be called for in
any one period Of thirty days
ARTICLE ".
The highest amount of indebtedness or liability
to which this corporation shall at any time be sub.
ject, shall not exceed three (3) million dollars
ARTICLE
The names and places of residence of the persons
forming this association for incorporation are !:
Henry 81. Sibley and alexander Ramsey, OF st.
Paul. Minnesota; and Richard Chute, Judson N.
Cross and A. B Nettletor, of Minneapolis, Minne-
sofa.
ARTICLE VI
The government Of this corporation and the man.
sgement Of its affairs shall be vested In board Of
nine 10y direc' ors, who shall be elected by ballot, by
the stockholders, at their annual meeting, which
shall be held on the frat Tuesday In June In each
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 IF the capital stock shall ente the holder to
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 81. Sibley, Alexander Ramsey, Norman W
Kittson, Edward 81. Thayer, Richard Chute, Judson
N. Cross, A. B 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. 1885, and until their successors are
e!sit 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,
who shall each hold his Office for year, and un-
til his SUCCESSOR is elected and enters upon his duties,
and said offices shall be filed until their
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 II. Thayer.
General Manager-Edward 81. Thsyer.
Treasurer-Henry H. Sib,ey.
STANDARDIZATION 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 it may deem best.
ARTICLE VIII.
The number of shares of the capital stock of this
corporation shall be thirty thousand 1000 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 q. SIBLEY, [Seal ]
ALEX. RAMSEY, fSeaL1
RICHARD CHUTE, [Seal.]
JUDSON N. GROSS, lSeal.]
A. B. EETTLETON, fSeal.1
In presence Of
Il A. HOLMES,
FRED. WooDBoURNE.