St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-19
ARTICLES OF INCORPORATION
OF THE
Duluth, Park FONT and Southern Rail
road Company.

know all men by these presents: That the un.
oersigned persons do hereby associate themselvef
together and become body corporate under tho
provisions of title l. OF CHAPTER "a of the Genera
statutes, ISIS, of the state OF Minnesota and Il
that end have adopted and signed the following
articles OF incorporation:
First-The name of said CORPORATION shall ba
The Duluth, Park Point and southern Railroad
Company" The general nature OF its businesi
snAl De the building, operating and maintaining
OF line OF railway from some point on Riee'1
point in the village of Duluth. in St Louis county,
and state OF Minnesota, across the bay or harbof
OF Duluth 20 Minnesota point in said county and
thence along said Minnesota point in a nOrtherly
and southerly direction t. the northerly and
southerly limits OF said Minnesota point and Ia
erect lines of telegraph along over its lines OF
railroad. and with all needful and convenient de-
pots. earhouSes, stOrehOuses, machine shops and
other buildings and appendages incident TO said
railway or its business; the principal place of ousi-
ness OF said corporation shall be the city Of 81.
Paul. in Minnesota
second-The time of commencement OF said
corporation shall be the 18th day OF February A.
D. 1886, and the period Of its continuance shall b
ninety-nine years
Thlrd-rhe amount Of capital stock of said cor.
PorauOn shall be the sum of five hundred thou-
sand dollars, 20 be paid in in such installments OF
IN sneh manner or to be issued upon such terms az
the board OF directors may direct or as may bs
prescribed by the bylaws.
Fourth-The highest amount Of ipdabtadresz n,
naolnty 10 which said corporation shall be subject
shall be hve hundred thousand dollars
FIfth-The names and pace of residence OF the
persons forming this association for incorporation
shall be as follows: William l.. Banning residing
at St Paul Minnesota; Andrew DeGraff. residing
at said ST. Paul; Robert A smith residing az said
St Paul Frederick D. Banning, residing at said
81 Paul and William Dawson, Jr. ,residing at said
ST. Paul
Sixth-The names of the first board of directors
shall De the said William l.. Banning Andrew De-
Graft. Robert A Smith, Frederick D. Banning and
William Dawson, Jr.
The government of the said corporation and
management of its affairs shall be vested in a
board OF i've directors, who, except the pres
ent directors. shall be stockholders and who
shail De elected each year at the annual meeting
OF the stockhoIders, to take place on the frs:
Tuesday OF April Of each year at the office of said
corporation in said city Of ST. Paul unless or until
otherwise changed by the bylaws. There shall
also be president, vice president secretary and
treasurer, and there may be such other officers "a
may be provided by the board of directors or pre-
seroed by the bylaws, all of which said officers
shall De elected by the directors on the same day
of the said annual stockholders meeting, unless
otherwise changed by the bylaws The directors
may MI all vacancies in their own number or of
any officer for the uneXpired term and elect ALI
officers until the next annual meeting of stock
holders The directors and other officers except
as herein otherwise provided, shall hold Office for
one year and until their successors are elected or
appointed and qualify or accept Office.
The directors shall have power to adopt all by.
laws and prescribe the duties OF officers The first
meeting of said corporation shall be on the second
day OF March, A ID. 1856, at its Office in Gilnllan's
block in said city of ST. Paul and the said directors
may meet the same day.
Special meetings of the stockholders and meet
| lnSs OF the directors may be called by
the board of directors or under the bylaws
/ upon such notice may be prescribed
/ Special meetings of the directors may be called
/ by three directors-in the absence of by-law-at
may designate.
Seventh-The capital stock of said corporation
shall be divided into FIVE thousand shares of one
hundred dollars each.
In witness thereof the said corporators have
hereto set their hands and seals this 27th day Oh
a IN