Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-07
1NooRporAr1or.
ARTICLES OF INCORPORATION
OF THE
Minneapolis, ST. Paal and Sea-
Coast Railway Company.

For the purpose u organizing corporation, under
and by virtue of the provisions Of title OF chapter
a. of tho general statutes Of the state OF Minnes ia
and the laws aEsendatory thereof, we, the UNDER
signed hereby associate ourselves to become incor
porated for the purpose Of building, improving and
operating railways, telegraphs and telephones, as
more fully set forth n the following articles 1;sn OF III
ARTIOLEI.
The name of this corporation shall be the "Minne-
spolis st Paul and 6ea-Coast Railway company"
and the general nature of its business shall be tha
ouilding, fmprovng 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.
ts to some point on the south boundary line OF said
state Of Mnnesota Ia TIE county Of Fillmore, MoT ~
the same shall be the city OF st. Paul, In ramsey
county, state Of Minnesota.
ARTICLE II.
The tmo Of the commencement OF this corpora
Hon shall be the 18th dsy 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
tion Ehal be three () million dollars, to be PAID ID
to the treasurer Of said company In instalnents OF
not to exceed ten per centum OF the par value OF
each share at any one time, az called for by the d.
recors; no two installments shall be called for In
any one period Of thirty days.
ARTICLE ".
The highest amount Of Indebtedness or ilab1ny
to which this corporation shall at any time be SUBJ
ieet shall not exceed three C) million dollars.
ARTICLEv.
The nar,es and places of residence Of the persons
forming this association for incorporation are !:
Henry Fl. Sibley and Alexander Ramsey, OF 81.
Paul, Minnesota; and Richard CHUTE, Judson N.
Gross sndA. B. Nenleton, Of Minneapolis, Minne-
sofa.
saement Of its affairs shall be vested IN board OF
nine O directors, who shall be elected by ballot, by
the stockholders, at their annual meeting, which
shall be held on the first Tuesday In June In eaoh
wear after the year 1882 at such place the board
Of directors may designate BY bylaw, az Wnicn
meeting and all meetings Of the stockholders, each
share Of the capital stock shall entte the noider 70
one vote In person or By written proxy and In case
said directors are net elected at tho time above
named they may be elected at any meeting Of the
stockholders called for that purpose
Henry Fl. sibley, Alexander Ramsey, Norman W.
Nitrson, 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. 1888, 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 hrst meeting each
year. after the annual meeting or 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-
SUCCESSOR
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-wit:
Observation-Disclosures Ramsey.
Vice President-Edward b. Thayer.
General Manager-Edward 81. Thsyer.
Tressurer-Henry 81. Sibey.
REORGANIZATION n. Gross.
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 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 d. SIBLEY, ISeal !
ALEX. RAMSEY, CSeal.J
RICHARD CHUTE, Seal
JUDSON N. CROSS, (Seall
A. B. NETTLETOE, I6eal.]
In presence Of
E. A, HOLMES,
FRED. WooDBoURNE.