Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-20
INCORPORATION,
ARTICLES OF
CATION
Article l.

The undersigned have this day associated
themselves together for the purpose of form
ing corporation for the location, building
and construction of single or double track
railway, and telegraph line, from Red River
of the North, at some point between the south
line of township Que hundred and forty seven
and the north line of township one hundred
and fifty, In range fOrty-nine, west OF the 9Th
principal meridian, by way of township one
hundred and fifty of range forty.six, up either
side of Red Lake River to or in the vicinity of
the mouth of Thief River, in Polk county;
thence in northerly direction through Polk,
Marshall, Kittson and Beltrami counties to
some feasible point on the Lake of the Woods,
in Beltrami county, in this State, and all such
side tracks, turn outs, depot grounds, depots,
warehouses, elevators, machine shops and car
manufactures and other appendages as it may
deem suitable and convenient for the use and
operation of said railway, and the operation
freight, and in the transportation of freight
and passengers over said railway.
Article II.
The name of such corporation shall be the
Red River and Lake of the Woods Railway,
Article III.
| The time of the commencement of said cor
poration shall be the 14th day of March, 1882,
and the period for the continuance of the same
shall be fifty years,
| Article w.
The principal place of transacting the bust.
ness of said corporation shall be the city of
Crookston, in the county of Polk, in said
State, or such other place as the board of d.
rectors, or majority thereof, may select, in
| said State.
| Article V.
| The amount of capital stock of said corpo.
ration shall be two millions, five hundred
thousand dollars, which shall be paid in such
installments as the board of directors shall
| from time to time determine, no installment
| to exceed ten per centum. nor shall assess
ments therefor be made oftener than once in
| thirty days, and the highest amount of indebt-
ednefs or liability to which said corporation
shall at any time be subject is one million, five
hundred thousand dollars.
Article vi.
The names and places of residence of the
persons forming such association are as fol-
lows G. F. Copeland, Frank Ives, Arthur
Yvernault and j. B. Copeland, of Crookston,
Polk county, Minnesota, and W. j. Ives of
Mcleod county, MINI.
The government of said corporation and the
management of its affairs shall be vested in
its board of directors, to consist of not less
than five nor more than seven in number, who
shall be elected by ballot by the stockholders
annually, on the first Tuesday in May in each
year, and president, vice president, secretary
and treasurer shall be elected annually by the
board of directors, provided that for the
purposes of the first organization of such
board, said officers shall be elected by the first
board of directors, whose names and place of
residence are as follows, viz: G. F. Copeland,
Frank Ives, Arthur Yvernault, j. B. Copeland,
of Polk county, Mimi. and w. j. Ives of
Mcleod county, Mimi, and such first election
shall be held on the 25th day of March, 1852.
Article VII.
The number and amount of the shares in
the capital stock of said corporation shall be
fifty thousand shares of fifty dollars each.
In testimony whereof we have hereunto set
our hands and seals this 18th day of March,
1882: IF. COPELAND [Seal.]
w. IVES, [Seal.]
FRANK IVES, [Seal.l
ARTHUR YVERNAULT, [Seal.l
J.B. COPELAND, [seal.]
In presence Of
HENRY SHEPARD,
j. C. DAVIS.