The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-23

Pioneer Press Building.
Articles of Incorporation of the
"Gulf and Manitoba Railway
Comnanv Of MinDoso+a


Be 1t known, That tbs undersigned, with
the intention of assosA ing themselves to-
gether. and forming 4SGOrporatiOn for the
purpose Of constructing, maintaining and
conveyance of persons and property, I'M
der and by virtue of the laws Of Mime
sofa, especially under and by virtue of
Title One of Chapter Thirty-four of the
Statutes Of 1894 Of said State, and the acts
amendatory thereto, have adopted and do
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
Of Iowa, south of the Village of Jackson,
thence in a northerly direction through
the counties Of Jackson, Cottonwood,
ana Stearns to point at or near Sank
Center, being about 167 miles.
The principal place of transacting the
business Of this corporation shall be In
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 be
known as its 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.
1S99, and shall continue for a period of
one hundred years.
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
at any time be subject, including bonded
debt, shall be Two Million Five Hundred
Thousand Dollars ($25o0, oOO.OO).
ARTICLE FIFTH.
The names and places of residence Of
the persons composing this corporation
are as follows:
Hans Gronnerud, Beaver Falls Mimi
Mason W. Spicer Willmar, MINI.
J. K. Brown. Jackson, MINI.
p. E. Carpenter, Canton, South Dakota.
F. T. Campbell, Des Moines, Iowa.
]. J. Bell, Des Moines, Iowa.
]. 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. Spieer, j. K. Brown, E. E. Carpenter,
F. 7. Campbell, ]. ]. Bell and J.. A. Car
penter, who shall hold their offices as such
until their successors are elected.
The officers of said corporation shall be
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 it's affairs shall be
vested In a board of seven directors, who
shall be elected by the stockholders an
nualY on the fourth Thursday in June.
Until their successors are elected 2. Z.
Carpenter shall be President. Hans Gron-
nerud shall be Vice President, j. J. Bell
shall be Secretary and F. T. Campbell
shall be Treasurer.
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 eur hands this twenty-second day of
June, A. D. 1893.
HANS GRONNERUD,
MASON w. SPICER,
E. q. CARPENTER,
FRANK 7. CAMPBELL
J. J. BELL.
Witness as to the signatures Of Mason
W. Spicer, E. 2. Carpenter, Frank T.
Campbell and J. J. Bell:
RUSSELL SPICER,
CARLETON L. WALLACE.
Witness to the signature of Hans Gron-
nerud: JOHN KELLY,
3. z. COOK.