Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-16

Know all men by these presents that the IN
dersigned persons, for the purpose of assOciating
themselves together and forming a CORPORATION
under and by virtue of the Laws of the State of
Minnesota and more especially under and by
virtue of Title one and Chapter thirty-four (34)
of the General Statutes of said State and the Acts
amendatOry thereof, have adopted and do hereby
adopt and sign Articles of Incorporation as fol-
lows:
ARTICLE FIRST:
The corporate name of the Corporation shall
be Northwestern Minnesota d Red River Valley
Railroad Company The general nature of its
business shall be to survey, locate, construct,
equip, maintain, operate and run railway with
one or more tracks or lines of road, with all
necessary side tracks, turnouts, and all the nee
essary machine shops, warehouses, storehous es,
elevators, depots, station houses, factories,
buildings, structures, rights of way, depot
grounds, lands and apurtenances necessary or
convenient for the equipment, management and
operation of such railway, which shall commence
at or between Brainerd and the crossing of the
Grow Wing River by the Northern Pacific
Railroad in the State of Minnesota, and run in a
generally Northwesterly direction, by such route
as shall be deemed advisable, to some point on
the Northern boundary line of the State of Min
nesOta between the Red River Of the North and
the Lake of the Woods. The principal place of
transacting the business of the Corporation shall
W
State of Minnesota.
ARTICLE SECOND.
This Corporation shall commence on the 3Ist
day of March, A. D., 1888, and shall continue
for period of one hundred years.
ARTICLE THIRD.
The amount of the Capital Stock Of the Cor
poration shall be Five million of dollars, five
per centum of which shall be paid in at the time
of subscribing the same and the remainder in
installments not exceeding twenty per centum
at one time to be paid as ordered by the Board
of Directors.
ARTICLE FOURTH.
The highest amount of Indebtedness or liabil-
ity to which the said Corporation shall be at any
time subject, including bonded debt or other
Indebtedness shall be Five millions of dollars
ARTICLE FIFTH.
The names and places of residence of the
persons comprising this association or Corpora
tiion are as follows:
f. J. Fallon, New York City.
Edgar Smith, New York City.
A. c. Wall, New York City.
Jesse Larrabee, New York City.
A. G.. TUlly, New York City.
Geo. McC. Taylor, New York City.
S. G. Primrose, New York City.
Geo. II. Cook, New York City.
A. 3. Paine, New York City.
ARTICLE SIXTH.
| 1.-THE names of the first Board of Directors of
this corporation are as follows:
A. C. Tully, A. B. Paine, Geo. McC. Taylor,
Z. J. Fallon, S. q. Primrose, VIM. L. Cook,
and Edgar Smith, who shall hold their Offices as
such Directors until their successors are elected
The officers of this corporation shall be Presi-
dent, Vice President, Secretary, Treasurer and an
| Executive Committee, who shall be elected an
nually by the board of directors. The govern
| ment of the corporation and the management OF
its affairs shall be vested in board of seven di-
| rectors, who shall be elected annually by the
! stockholders at their annual meeting, to be
called and held for the purpose of eecting direc-
| tors and for the transaction of such other bust
as may lawfully come before it, which annual
meeting of the stockholders shall be held on the
second Thursday of October. Until their sue.
cessors are elected, Edgar Smith shall be Presi-
| dent, E. ]. FallOn Vice President, A G. Tully
Secretary, and VIM. E. Cook Treasurer, and Ed
gar Smith, S. G. Primrose, Geo. Nee. Taylor
and A. B. Paine, the Executive Committee.
| ARTICLE SEVENTH.
The number of shares of the capital stock OF
! the corporation shall be fifty thousand and the
amount of each share one hundred dollars.
Witness our hands and seals this Sth day of
March, A. D., 1883.
| Signed, sealed and deliv-
cred in the presence of:
| VIM. E. Cook, L. J. FALLON,
GEO. Z. JAQUEs, EDGAR SMITH,
A. c. WALL,
JESSE LARRABEE,
A. c. FULLY,
GSea'.l GEO. Nice. TAYLOR,
S. G. PRIMROSE,
GEO. H. COOK,
| A. B. PAINE.