St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-26

I'VE. THE UNDERSIGNED, HEREBY ASSOC
ate ourselves to become Incorporated unde,
the provisions OF title l. chapter 81 Of the General
statutes Of The state OF Minnesota and the acts
ameudatOTy thereof and supplementary thereto
for the purpose Of building improving and operat.
ing passenger railways. aud to that end do organ,
lie b. adopting and signing the following articles
OF incorporation:
ARTICLE 1.
The name Of said corporation shall be the ST
PAUL, FORT SMELLING AND MINNEAPOLIs RAIL.
WAY CO&Ps NY. the general nature OF its business
snall be to build improve and operate one or more
railways through and from the city OF st. Paul in
sthe county Of Ramsey and state Of Minnesota 70
Fort smelling in said state and through and TO
one or more points n the city of Minneapolis in
the county OF Hennepin, IN said state, and TO and
from such other points in said state Gs said corpo
rat on shall hereafter determine for the trsnspor-
alton Of Passengers; the principal place Of trans
acting the business Of said corporation shall be
the city OF St. Paul. aforesaid
ARTICLE Il.
The time Of commencement o. said corporation
shall be the first day Of February A. d. lss6 tho
period OF continuance Of said corporation shall be
fifty years.
ARTICLE Ill
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 coruo-
ration in instalments OF not more than ten per
centum Of the par value OF each share st any oua
time required by vote Of the board OF directors;
to be paid within any one eriod Of thirty days
.RTICLE ".
The highest amount Of Indebtedness OF. liability
TO which said corporation shall ANY time be sub
Jeet shall be one million dollars.
ARTICLE V.
The names and places of residence Of the per-
sols forming said association for incorporation ara
as follows: John ]. Watson Albert Schefrer. kim
Cullpu l.
Gribhen, all or whom reside ut the city Of ST. Paul
aforesaid.
ARTICI E VI
The names OF the first board of directors OF said
corporation are as follows: JohnJ. Watson. Albert
Schefer, Kimble 2. Cullen, William Dawson Jr
James p. Gribben, 4. l. schumacher William
Hamm, Hiram r. stevens and Francis B. Clarke
The government of said corporation and the man
agement of its affair shall be vested in board OF
nine directors and in such officers as they may
elect or appoint rs hereinafter 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 tho city of 81. 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 appointed. said board of directors
shall annually elect from their number a president
and vice president and they shall elect or appoint
secretary and a treasurer and such other officers
as they may see fit, and shall have power and au-
thority 10 prescribe their duties and to remova
such officers by q 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 1t an annual or daily 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
sist OF ten thousand shares of hfty dollars each.
In witness whereof we have hereunto set our
/ hands and seals this 2lst day of January, A d
/ l5S6.
JOHN J. WATSON, [seal. !