St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-28

I'VE. THE UNDERSIGNED, HEREBY AssoCf.
ate ourselves to become incorporated under
the provisions OF title l. chapter "a 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
ike BY adopting and signing the following articles
OF Incorporation;
ARTICLE l.
The name OF said corporation shall be the sr.
PAUL, FORT SMELLING AND MINNEAPOLIS RAIL
WAY CoAPBNY, the general nature of its business
shah De 20 build. improve and operate one or more
IaIWays through and from the city Of 81. Paul, in
tne 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 to and
from such other points in said state said corpo
ration shall hereafter determine for the transpor-
s.lon Oh 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 ID fsss tSs
period of continuance Of said corporation shall be
nifty years.
ARTICLE III.
The amount OF capital stock OF said CORPORATION
shall be FIVE hundred thousand dollars and tho
same shall be paid into the treasury of said corpo-
ration in instailments of not more than ten per
centum Of the par value OF each share Mt any one
time required by vote of the board Of directors;
not more tnan one lnStallment snail 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
lect, shall be one million dollars.
ARTICLE V.
The names and places Of residence of the per-
sons forming said association for are
as follows; John J, Watson, Albert Schener, KIM
lie na
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
Schefer, Kimble p. Cullen, William Dawson, Jr,
James p. Gribben, Il. l. Schumacher William
Hamm, Hiram +. stevens and Francis B. Clarke
The government of said corporation and the man
agement of its affairs shall be vested in q board OF
nine directors and in such officers as they may
elect or appoint as 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 BUSH
ness IN the 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 continus
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
they may see fit and shall have power and au-
thority to prescribe their duties and TO remove
such officers by q majority vote Of said board
The bylaws OF said corporation shall be adopted
by ority vote of the stockholders Mt 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
sist 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. ID.
1886.
JOHN j. WATSON, [SeaL
ALBERT SCHEFFER, lSeal |
KIMBLE r. CULLEN fseal /
WILLIAM DAWSON, JR fSeal