The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-25
ARTICLE EIR ST

hereby adopt Articles of Incorporation, as
follows:
ARTICLE FIRST.
The corporate name of this corporation
shall be: Gulf & Manitoba Railway
Company of Minnesota"
The general nature of the business of
the corporation shall be to survey, locate,
construct, own, maintain and operate a
railroad and telegraph line in the State of
Minnesota, from a point on the State line
of Iowa, south of the Village of Jackson,
thence in a northerly direction through
the counties of Jackson, Cottonwood,
Brown, Redwood, RenVille, Kandiyohi
and Stearns to point at or near Sank
Center, being about 167 miles,
The principal place of transacting the
the city of ST. Paul, in the County OF
Ramsey and State of Minnesota, and this
company shall by its Bylaws establish
at some point on its line an office to DE
known as it's general office within the
State of Minnesota, at which some officer
or agent shall be kept, upon whom SER
vice of all legal process against this COM
pany may be made.
ARTICLE SECOND.
This corporation shall commence on the
Twenty second (22nd) day of June, A. d:
e ''''is'iF Article THIRD.
The capital stock of this corporation
shall be Fifty Thousand Dollars, divided
INTO shares of One Hundred Dollars each,
and shall be paid in as called for by the
Board of Directors.
ARTICLE FOURTH
The highest amount of indebtedness or
liability to which this corporation shall
at any time be subject, including bonded
debt. shall be Two Million Five Hundred
Thousand Dollars (S2, 500 000. COZ.
ARTICLE FIFTH.
The names and places of residence of
the persons composing this corporation
are as follows:
Hans Gronnerud, Beaver Falls. MINI.
Mason w. Spicer .Willmar, MINI.
r j. X. Brown, Jackson, Mimi.
D. r. Carpenter, Canton, South Dakota.
F. T. Campbell, Des Moines, Iowa.
J. j. Bell, Des MoineS, Iowa.
j. A. Carpenter, Alvin, Illinois.
ARTICLE SIXTH.
The first Board of Directors of this cor
poration shall consist of the following
named persons: Hans Gronnerud, Mason
w. Spicer, J. K. Brown, e. e. Carpenter,
r. T. Campbell, ]. ]. Bell and ]. A. Car
until their successors are elected.
The officers of said corporation shall be
q, President, Vice President Secretary and
Treasurer, who shall be annually elected
by the Board of Directors. An Executive
Committee of three may also be elected.
The government Of the corporation and
the management of its affairs shall be
vested in a board of seven directors, who
shall be elected by the stockholders an
nually on the fourth Thursday in June.
Until their successors are elected E. e.
Carpenter shall be President Hans Gron-
nerud shall be Vice President, ]. ]. Bell
shall be Secretary and f. T. Campbell
~ ARTICLE SEVENTH.
The capital stock of this corporation
shall be divided into five hundred shares
Of one hundred dollars each.
In Witness Whereof, We have hereunto
set our hands this twenty-second day of
June, a. D. 1899.
HANS GRONNERUD.
MASON w. SPICER,
e. e. CARPENTER
FIR AIK T. -CAAfPBELL,
J. ]. BELL.
Witness as ~ the SicO1IIIras of Ma
w Spicer E. e. Carpenter, Frank T.
Campbell and J. j. Bell:
RUSSELL SPICER,
CARLETON L. WALLACE.
Witness to the signature of Hans Gron-
nerud: JOHN. KELLY,
e. E. COOK.