St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-18

A RT1CLES OF ASSOCIATION OF THE
"A Rainy Lake River Boom Corporation
The undersigned citizens of the state of
Minnesota do hereby adopt articles of asso-
suance of the provisions of title two (2).
chapter thirty-four $50, of the General
Statutes, relating to corporations, and of the
several acts amendatory thereof, as follows,
to wit:
ARTICLE FIRST.
The corporate name of this corporation
shall be 1.-THE Rainy Lake River Boom Cor
poration."
The general nature of the business of the
corporation is to construct, maintain and
operate one or more booms for the collection,
safe keeping, scaling and delivery of logs
and lumber, and the charging and collection
OF reasonable tolls and compensation there
for, to be fixed from time to time by the
board of directors of the company; said
Dooms, fixtures and appurtenances belonging
thereto to be upon and adjoining the south
erly shore OF the Rainy Lake river, com.
mencing at the point where said Rainy Lake
thence easterly along the southerly shore of
said river to the foot Of the Long Sault rap
ids on said river in Itasca county, Mime
sofa, said premises being situate in Beltrami
sofa.
The principal Office and place Of
business of said corporation shall
De oe,n, IN Of p the city city, s.s Of St. Paul
SO far constructed as to be ready for bust
ness. and thereafter at or near the Lake OF
the Woods upon the premises above de-
scribed.
The time of the commencement of said
corporation shall be the LIST day of March, A.
D. 1889, and shall continue thirty years.
ARTICLE THIRD.
The capital stock of this COMPANY shall be
fifty thousand dollars, which shall be paid
in installments of not exceeding twenty per
cent, as may be required by resolution of the
board of directors; thirty days at least shall
elapse between subscription calls.
ARTICLE FOURTH.
The highest amount of Indebtedness at
one time shall not exceed twenty thousand
dollars.
ARTICLE FIFTE.
The names and places of residence of the
persons forming this incorporation are as
follows, to wit: Dennis RYAN, s. Douglas
Ryan j. F. Broderick, r. B. Galusha and j.
B. Mccormack, all OF the city of st. Paul,
Ramsey county, Minnesota.
ARTICLE SIXTH
The names of the first board of directors
are: Dennis Ryan, s. Douglas Ryan, j. F.
Broderick, r. b. Galusha and j. B. McCor-
mack.
The government of the corporation and
the management of its affairs is vested in
board of five directors, and the officers of the
Company shall be President, Secretary and
its own members. Said Board may also ap-
point boom master. scaler, and such :other
agents and employees as the business Of the
corporation may seem to require.
An election of the Board of Directors shall
be held on the first Monday in December in
the year 1889, and annually thereafter, and
until such election Dennis Ryan shall be
President. s. Douglas Ryan Secretary, and
S. Douglas Ryan Treasurer of said COM
pany.
ARTICLE EIGHTH.
The number of shares of the capital stock
of this company shall be five hundred, of
one hundred dollars each. Books OF sub
scriptiOn to the capital of said company shall
be opened at the Office of the Ryan Drug Co.,
in the city of st. Paul, on the first Monday in
March, A. D. 1889, under the direction of a
majority of said corporators.
Dated the ed day of February, A. D. 1889.
DENNIS RYAN, [Seal.l
s. DOUGLAS RYAN, fSea].1
j. F. FREDERICK, [Seal1
r. B. GALUSHA, ISeal.1
j. B. MCCORMACK, [Seal.J