Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1886-06-11
Articl les Of &: I | ii ora ii j
s. s59s or THE s a.
!. Little !: Falls, Mile Laos q &
Lake. Superior Rail
Way Company. K. !. =.

We the undersigned, do hereby ascot tie
ourselves together as an incornora ton
undo. the provisions of Title One qy
General Statutes Of the State of Min
nesota. lis tie same is amended, and do hereby
organize by adopting the following articles Of
association -. =,
, " ARTICLE 1. ,}.s- i
The name Of thi CORPORATION is and shall be.
THE Little Falls, Mile Laos and Lake Super
ior Rail Way Company
~ ARTICLE II.
The general nature of the business of this
corporation shall be the construction
of one or more lines Of standard or narrow
gauge. railroad, rs may hereafter be deter
County Of Morrison and State Of Minnesota,
running thence past the south end Of Lake
Mile Laos to 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
ern boundary Of said State, and also to con-
struct and maintain such elevators, warehouses
and telegraph lines along the route of said
railroad and branches, for railroad and gener
al business, and snch terminal and other taci
tiles for the conduct ofJNlroad and telegraph
business as may be necessary for the successful
operation Of the same, ana for connection with
other roads and routes.
ARTICLE III.
This corporation shall commence OIL 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.
ARTICLElV.
The amount Of capital stock Of this corpora
ton shall be two millions (S2 0OO, OO0) .of dollars
which shall be represented by twenty thousand
100000 shares Of the value OF One Hundred
(SlOW dollars each, and the same shall be paid
in install lments from time to time upon the call
Of the Directors.
ARTICLE V.
The highest amount of indebtedness to which
said corporation, shall at any time be subject
shall be twenty thousand (s2O,OOW dollars per
mile Of railroad actually built.
ARTICLE VI.
The names and places Of residence Of the per-
sOns forming this association tor incorporation
are as follows, to wit:
j. Flynn, Little Falls, Minnesota.
Charles Gravel, Gravelville, Minnesota
Peter Pc " 'f Blake. Little Falls,
John Stumpf Rich Prairie,
ARTICLE VII.
The officers of this corporation shall be a
President, Vice President, Secretary and Treas
urer (proyided that the offices Of secretary and
treasurer may be held by the same person),
which officers shall be elected annually by the
Board of Directors at its first regular session in
each year. which meeting shall be designated
by the bylaws.
ARTICLE VIII.
The government of this corporation shall be
vested in a Board OF Directors consisting o! not
less than five nor more than nine persons, as
the stockholders may ut the regular annual
meeting determine, which meeting shall be
held on the second Wednesday of June in each
year, and at which said Directors shall be
elected, and all Directors and other officers
shall be stockholders Of the corporation.
The first Board of Directors shall be consti-
tuted of the following persons J. C. Flynn,
Charles Gravel, F. X. Goulet, Peter w. Blake
and John Stumpf, who shall hold their office
until the next regular annual meeting. and al
officers and directors shall hold Office until
their successors are elected and qualified, and
! all vacancies in the board or any Office may be
! flied by the Board of Directors at any meeting
thereof.
| Intestinony whereof we have each hereunto
set our hands and seals this seventeenth day OF
| April, A. d. 1886.