The Minneapolis journal., 1903-12-02
!, EXAMINATION And ADVICE Fl
ARTICLES OF INCORPORATION OF THE MIN
EEsoTA POWER AND TROLLEY COM.

PANY. AM ii'oA3Ah1 ooM-
undersigned, desiring to form and organize a
corporation under and pursuant to the general
ciate ourselves together as such corporation and
to that end adopt and sign the following Articles
of Incorporation. to Wit wit;
The name of the corporation shall be the Min
nesota Power and Trolley Company, and the gen
and improve waterpower on the Mississippi
river and on other watercourses in the state
into electrical energy, light heat and other forms
OF energy, to convey, sell lease and utilize such
light, heat power and energy in any form for
purposes; to acquire, construct, and operate
lines Of electric street railway with all needed
and convenient structures and appurtenances in
the state Of Minnesota between such places and
unon such routes therein the board of directors
and to TRANSPORT and carry freight and passengers
thereon The principal place for transacting the
Minneapolis, in the state of Minnesota
| ARTICLE IL.
The time Of the commencement of the corpora
tion shall be the list day of December, 1903, and
the period of its continuance shall be fifty (50)
years thereafter. ss
The AMOUNT OF the capita! stock OF the corpora. p
ton shall be five hundred q ed thousand 900 oOol
/ times and in such instal1ments as the board
] of directors shall determine.
| ARTICLE ".
The highest amount Of Indebtedness or liability
| to which the corporation shall at any time be
subject Is two million n, 1900 Q ooo) dollars
The names and places of residence of the per-
sons forming this association for Incorporation
are as follows: Charles O. straub. Charles F.
berg who ali reside at the city of Minneapolis
Tin the state of Minnesota, and Charles j. Swan
son, who resides in the town Of Fridley in the
county q An0ka' ARrIenn K Ieae stSfe. Vt
The government of the corporation and the
management Of its affairs shall be- vested in
board of directors consisting of five persons, and
such other officers and agents as such board Of
directors may elect or appoint. Said board of
directors shall elect from among their number
a president and vice-president Of said corpora
tion. They shall also elect or appoint secre-
,tary and treasurer thereof, and may from time
to time appoint such other agents officers
as they shall deem necessary for the carrying on
of secretary and treasurer may be held by the
by and ali oe
shall be elected annually by the board Of di-
rectors. The annual meeting of the stockhold-
ers of the corporation for the election of di-
rectors and for the transaction of such bust
ness q. as may come before it shall be held on the
reason there shall be failure to elect directors
at the time appointed therefor such directors
may be elected at any regular meeting of the
stockholders thereafter held, or at any special
meeting of the stockholders thereafter called for
are eeeed and
vacancies on the board of directors may be filled
/ by the remaining members of the board, the di
| rectors so appointed to hold until the next elec
tion of directors by the stockholders.
The directors may establish bylaws regulating
j the manner of calling and conducting meetings
| and all matters deemed necessary for the good
government and management of the corpora
/ ton
The names of the first board of directors ART
Charles o. straub, Charles J. Swanson Charles
F.. Stremel, Joseph L. Kiichli and Mathia:
Schulenberg. They shall hold their Offices unit
the the annual meeting, of the stockholders in July
1904. and until their successors are elected, ant
/ of said board Charles o. Straub shall be presi
/ dent Charles J. Swanson vice-president, JOSEPH
l.. Kiichli, secretary and Charles T. Stremel
/ treasurer.
ARTICLE VII
The number of shares Of the capital stock o
i the corporation shall be five thousand (5,000)
and the amount of each share shall be one hun
/ dred (100) dollars
Ill IN WITNESS WHEREOF, we have hereunt
subscribed our names this 2Sth day of November
1908.
/ : CHARLES o. sTRAUB,
Il CHARLES F.. STREMEII,
JOSEPH L.. sKIICHLI,
MATTHIAS SCHULENBERG,
CHARLES J. SWANSON.