St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-27

WE THE UNDERSIGNED. HEREBY AssoCI-
w ate ourselves 20 become incorporated under
the provisions Of tile l. chapter g. Of the General
statutes OF the state of Minnesota and the acts
amendatOry thereof and supplementary thereto
for the purpose OF building. improving and operat-
ing passenger railways. and TO that end do organ
lie by adopting and signing the following articles
OF Incorporation:
ARTICLE /
The name of said corporation shall be the ST
PAUL, FORT SMELLING AND MINNEAPOLIS RAIL
WAY COMP NY, the general nature OF its business
shal be TO build, improve and operate one or more
railways through ana from the city Of St Paul in
the county Of Ramsey and state of Minnesota to
Fort smelling In said state and through and to
one or more points IN the city OF MINNEAPOLIS in
the county OF Hennepin. in said state and 10 and
from such other points in said state a. aid corno
ration shall hereafter determine for the tran.por-
alton OF passengers; the principal place Of trans.
acting the business OF said corporation shall ba
the city Of ST. Paul, aforesaid.
ARTICLE IL
The time Of commencement Of said CORPORATION
shall be the first day of February, A. D. iss6 the
period of continuance Of said corporation shall De
fifty years.
ARTICLE III.
The amount of capital stock of said corporation
shall be five hundred thousand dollars and the
same shall be paid into the treasury Of said corpo-
ration in installments of not more than ten per
centum Of the par value of each share at any one
time as required by vote OF the board Of directors:
not more than one installment shall be required
to be paid within any one period OF thirty days.
ARTICLE ".
The highest amount Of indebtedness or liability
to which said corporation shall at any time be sub
leet, shall be one million dollars.
ARTICLE V.
The names and places of residence of the per-
sons forming said association for incorporation are
as follows: John j. Watson, Albert Schefer, kim
bic P Cullen, William Dawson, Jr., and James P
Gribben all or whom reside at the city Of ST. Paul
aforesaid
ARTICLE VI
The names of the first board Of directors Of said
corporation are as follows: John J. Watson Albert
Scheffer, kimble p. Cullen, William Dawson Jr
James p. Gribben, II. L. Schurmeier, William
Hamm, Hiram r. stevens and Francis h. Clarke
The government of said corporation and the man
agement of its affairs shall be vested in a board OF
nlne directors and IN such officers they may
elect or appoint hereiuafter provided; said
board of directors shall be elected after the first
year, at the annual meeting OF said CORPORATION
which shall be held at its principal place of bust
ness in the city of -. Paul, aforesaid on the first
Wednesday in each year, by majority vote by
ballot of the stockholders present and voting in
person or by proxy at such meeting. Every di-
rector and officer OF said corporation shall continue
in office until his successor shall have been duly
elected or appointed. said board of directors
shall annually elect from their number president
and vice president and they shall elect or appoint
a secretary and treasurer and such other officers
As they may see NJ ana sHalI nave power and au-
thOrlty to prescribe their duties and to remove
such officers by a majority vote Of said board
The bylaws of said corporation shall be adopted
by majority vote of the stockholders at their first
annual meeting and the same shall not be amended
or modified except by majority vote Of the stock
holders at an annual or duly notified meeting but
the first board of directors may adopt bylaws
which shall be in force until the first annual meet.
ing of the stockholders.
ARTICLE VII.
The capital stock of said corporation shall con
sst of ten thousand shares OF fifty dollars each
In witness whereof We have hereunto set our
hands and seals this 2lst day OF January. A. D.
1856.
JOHN j. WATSON, 1Spa1 I