Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1886-05-28
Articles of incorporation
,0F THE
Little Falls, Mile Laos &
Lake Superior Rail
Way Company.

We. the undersigned, do hereby associ tie
under the provisions of Title One ~
Of 9 Chapter, Thirty-f9ur lsD of the
nesote, as the same is amended, and do hereby,
organize by adopting the following articles Of
association:
The name of this corporation is and shall be,
Tor Rail- Way Company"
ARTICLE II.
The general nature Of the business of this
Of one or more lines Of standard or narrow
gaugt: railroad, as may hereafter be deter
mined, from the Village of Little Falls. in the
County of Morrison and State of Minnesota,
Mile Laos, to a point on the eastern boundary
of said State, and one or more branch lines
therefrom or from some point or points on said
main line to the northern and also to the south
struct and maintain such elevators, warehouses
andtelegraph lines along the route of said
railroad and branches, tor railroad and gener-
al business, and snch terminal and other facil-
business as may be necessary for the successful
operation of the same, and for connection with
other roads and routes. -
4.s..,@: ARTICLE III. =:
This corporation shall commence on the first
day Of May, A. D. 1886, and shall continue for
fifty years, and its chief place Of business shall
be the Village of Little Falls aforesaid.
+, - .*=5.s :, : ARTIcLElV. "a
The amount of capital stock of this corpora
ton shall be two millions g. dollars.
which shall be represented by twenty thousand
(e1O0) dollars each, and the same shall be paid
in installments from time to time upon the call
Of the. Directors. =. 80, ,'s'' =
- ARTICLE v. ..-
The highest amount of indebtedness to which
said corporation shall at any time be- subject
shall be twenty thousand (s2000e) dollars per
mile of railroad actually built.
-, !: ARTICLE VIZ.
The names and places Of residence Of the per-
sons forming this association tor incorporation
are as follows, TO .Wsit:-
&c Flynn, Little Falls, Minnesota
Charles Gravel. Gravelville, Minnesota.
q, Peter ". Blake. Little Falls 1" :
John Stumpf, Rich Prairie, ="
.5.%S r =. ARTICLE VII.
The officers Of this corporation shall be a
President, Vice President, Secretary and Treas.
:urer (prOvided that the offices Of secretary and
treasurer may be held by the same person.
which officers, shall be elected annually by the
each year, which meeting shallbe designated
by the bylaws. ~ ;sE- ~ ,s ID
5..:s ARTICLE VIII. -" i
The government Of this corporation shall be
vested in Board sOt Directors consisting Of not
less than five nor more than nine persons & as
the stockholders may at the regular annual
meeting determine, which meeting shall be
year, and at which said Directors shall be
elected, and all Directors and other officer:
| shall be stockholders Of the corporation. i
The first Board'of Directors shall bes consti-
Charles Grayel,.F T.. K. Goulet, Peter W. Blake
and John Stnmpf who shall hold their Office
| until the next regular annual meeting, ana al
officers and directors shall hold Office unit
| all vacancies In the board or any Office may be
filled BY the Board of Directors at any meeting
thereof. $f, 81 s :54s5< & %s IS Sc i.
| = Intestimony whereof We have each hereunto