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

ME-. THE UNDERSIGNED, HEREBY AssoCr.
~ ave ourselves to become Incorporated under
the provisions Of title chapter 81 Of the General
ssaeuses Oh tne state Of Minnesota and the acts
asuIenu1tory thereof and supplementary thereto,
tor the purpose of building improving ard operat.
ing passenger railways, and to that end do organ
of Incorporation:
ARTICLE l.
The name Of said corporation shall ba tba CT
PAUL. FORT SMELLING AND MISSEAporI y ar
WAY CoMPbNY, the general nature of its buSincas
snail De TO build. improve and operate one or uore
railways through and from the city of ST Paul in
the county Of Ramsey and state Of Minnesota 10
Fort Smelling In said state. and through and 10
one or more points N the city of Minneapolis in
the county of Hennepin, in said state and 10 and
IRON such other points in said state said corpo-
ration shall hereafter determine for the transpor
alton OF passengers; the principal place Of trans
acting the business OF said corporation shall be
the city Of st. Paul, aforesaid.
ARTICLE II.
The time OF commencement of said corporation
snail De the hrst day OF February. A d. 1855. the
period OF continuance Of said corporation shall be
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 required by of the board of directors;
not more than one instalment 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
Iect, 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 Scheffer Kim
Die 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
seheher, Kimble P. Cullen, William Dawson, Jr,
James p. Gribben, T. L. Schurmeier, William
Hamm, Hiram +. stevens and Francis B. Clarke
The government Of said corporation and the man
agement of its affairs shall be vested in a 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 frat
year. at the annual meeting of said corporation,
which shall be held at its principal place of BUSH
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 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 a president
and vice president and they shall elect or appoint
secretary and q treasurer and such other officers
as they may see ht, and shall have power and au-
thor.ty 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 iority vote of the stockholders at their rst
annual meeting and the same shall not be amended
OF modified except by majority vote of the stock
holders ut an annual or duly notified meeting but
the first board OF directors may adopt bylaws
which shall be in force until the first annual N eet.
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 aud seals this 2lst day of January, A D.
1856.
JOHN ]. WATSON, TSeaI
ALBERT S(,HEFEFR fSa,I