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

WE, THE UNDERSIGNED, HEREBY AssOCT-
ate ourselves 70 become Incorporated under
the provisions OF ttlcl chapter ST. 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
ize by 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 COMP NY, the general nature of its business
shah 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
me county OF hennepin, In said state. and to and
from such other points in said state as said corpo
ration shall hereafter determine for the transpor-
Auon OF passengers; the principal place Of trans
acting the business OF said corporation shah be
the city OF ST. Paul, aforesaid.
ARTICLE II.
The time Of commencement of said corporation
shall be the first day Of February. A. d. iss6. the
period of continuance of said corporation shan be
atty 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 required by vote of the board of directors;
not more tnan one 1nStaIlment 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
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
Griooen, 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: JohnJ. Watson. Albert
Scheffer, kimble p. Cullen, William Dawson Jr
James p. Gribben, T. l.. Schumacher, William
Hamm, Hiram r. stevens and Francis b. Clarke
The government of said corporation and the man
agement OF It's affairs shall be vested in board of
nine directors and in such officers as they may
elect or appoint 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 the city of st. 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 al 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 "a president
and vice president and they shall elect or appoint
secretary and treasurer and such other officers
as they may see fit, and shall have power and au-
thorty TO prescribe their duties aud to remove
such officers by 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
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. D.
1856.
JOHN j. WATSON, [Seal. !
ALBERT SCHEFFER Seal
KIAIBLE p. CULLEN, seal