Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-05
INCORPORATION.
lHOORPORATlONs
ARTICLES OF INCORPORATION
Minneapolis, St. Paul and Sea.
Coast Railway Company.

For the purpose uf organizing corporation, under
81 of the general statutes Of the state Of Minnes to
and the laws amendatOry thereof, we, the under.
signed. hereby associate ourselves to become incor.
porated for the purpose of building, improving and
operating railways, telegraphs and telephones, ss
more fully set forth 10 the following articles OF In
corporation, which we hereby adopt and sign:
ARTIOLEI I.
The name Of this corporation shall be the Anime
apolis, st Paul aud Sea-Ooast Railway company
and the general nature of Its business shall be the
building i'm rowing and operating liae Of railway
telegraph and telephone from the city of Mnneapo-
lis via the city Of st Paul. in the state of Mnneso-
to- to point the south boundary line of said
state of Minnesota In the county Of Fillmore Mower
or Freedom, aud the principal place OF transscng
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 in
to the treasurer Of said company In nstallments Of
not TO exceed ten per centum Of the par value Of
each share at any one time, as called for by the d.
rectors; no two nstalments shall be called for in
al one period Of thirty days.
ARTICLE w.
The highest amount of indebtedness or liability
which this corporation shall at any time be sub.
ect, shan not exceed three (s) million dollars.
ARTICLEv.
The names and places of residence of the persons
forming this association for incorporation are !:
Paul, Minnesota and Richard Chute, Judson N.
Gross and A. B. Nettleton, of Minneapolis, Mime
sofa.
The government of this corporation and the man
agement 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 frst Tuesday in June in each
year. after the year 1852 at such pace as the oosrd
meeting and oil meetings Of the stockholders each
share Of the capital stock shall entle the holGerto
one vote in person or by written proxy and In case
said directors are not elected at the time above
nsmed, 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 II. Ihayer, Richard Chute, Judson
N. Croes, A. Nett!eton, Ralph Plumb and Charles
Fl. Toll, who shall each hold the Office of director
until the time Of the annual me citing Of the stock
holders In A. D. 1883, and urh their successors
eie, ted and enter upon their duties.
ARTICLE VII.
The officers Of this corporation shall be elected by
the board of directors, ut 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 is elected and enters upon his duties,
and said Offices shall be filed until their SUCCESSORS
are elected after the annual meeting Of the etock
holders In D 1858, and enter upon their duties,
by the following named persons, to-wit:
Presldent-Alexar der Ramsey
Vice President-Eda ard Fl. "hayer.
General Mapsger-Edward II. Thsyer.
Treasurer-Henry d Sib ey.
Secretary-Judson n. Cross.
General Bolicitor-Judson Gross.
And said board o. directors may appoint such
other agents to hold their positions during the pleas
ure Of said board, as 1t may deem best.
ARTICLE VIII.
The number Of shares Of the capital stock Of this
corporation shall be thirty thousand Is 1000 and the
amount of each share be one hundred dollars.
In witness whereof, We have hereunto set our
hands and seals this a0th day Of May, A. D. 1882
HENRY II. SIBLEY, [Ssal ]
ALEX. RAMSEY, [SeaL1
RICHARD CHUTE, fSeaL1
JUDSON N. GROSS, fSeaL1
A. B. EETTLETOE, lSeal1
In presence Of
II A. HOLMES,
FRED. WooDBouRNE.