The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1906-02-16
OF INCORPORATION
.-@---. 49, .- =
MESABA RANGE TRACTION
COMPANY. ,.

MESABA RANGE TRACTION
|. COMPANY.
Know All Men By These Presents. That we,
the undersigned, being DESTROYS of organizing
a corporation under and pursuant to the Ii
tie of Chapter "a, General Statutes of 1894
and Acts a~fn6ndatory thereof, dc hereby
adopt and sign the following Articles of In
corporation.
=. ARTICLE l.. +
The name of this Corporation shall be the
Nesaba Range Traction Company. =.
Ihe general nature of it's business shall be
to construct, buy, lease, maintain and operate
Railway lines upon the streets and highways
OF the Villages, Towns and Cities Of st. Louis
County, Minnesota, rand elsewhere. and to
construct. buy, lease, maintain, operate and
own such railways outside of the limits OF any
such villages. towns and cities and to connect,
such villages, towns and cities by such rail-
way lines and operate such railway lines by
means OF such power as it may deem adyis-
Die and to construct, buy, lease, own, operate
and maintain telegraph and telephone lines
and systems and to acquire either by pur-
chase Or condemnation all property neces.
sary for right-Of-way and other purposes for
the operating OF said railway, telegraph and
telephone systems and other lines herein
mentioned as provided by law; also to con-
struct, buy, lease, own and operate and main
tain plants for the purpose of supplying and
selling the public water, gas, light, electric
ity, and other light, heat, and power Of every
nature and description and to construct all
requisite sub-ways. pipes and other conduits
for the transmission OF such gas, electricity,
/ heat and power "hereinbefore mentioned and
to contract for and procure franchises for the
operation OF any Of said railway, light and
other lines of said villages, towns, cities and
other municipalities.
The principal place of transacting the bust
ness of this corporation shall be the Village
OF Biwabik. in the County of St. Louis and
State OF Minnesota.
ARTICLE II.
The time OF commencement OF this corpora
ton shall be the list day Of january, 1906, and
the period OF continuance of said corporation
shall be forty (4O years.
ARTICLE III.
The amount OF capital stock OF said cOrpOr-
alton shall be Fifty Thousand ($5O,OcO DOL
lars. The same shall be paid in as called for
by the Board Of Directors.
ARTICLE w.
The highest amount of Indebtedness or liza
bility to which said corporation shall at any
time be subject is the sum Of Fifty Thousand
($5O, 0OW Dollars.
ARTICLE V.
The names and places of residence OF the
persons forming such association for incor-
pOration are:
L. B. Myers, Biwabik, Minnesota.
Ii. g.. Seeley, Biwabik, MINES )ta.
Us. Hopkins, Biwabik. Minnesota.
Porter J. Neh. Duluth, Minnesota.
E. A. ColIum, Duluth. Minnesota.
ARTICLE vi.
The government Of this corporation and
the management Of its affairs shall be vested
in a board of five directors, who Shall be
elected at the annual stockholders meeting
which shall be held at the village of Biwabik
in SAID county and state on the first Monday
in June OF each year. and who shall hold
Office for a term OF one year and until tbeil
successors arc elected and qualified. Imme-
diately after their election the Board of Di.
rectors shall meet and elect from their mum.
Der a President, Vice-Prcsident Secretary anl
Treasurer; my two of said offices except the
offices of President and Nice-President may
be held by the same person. The first Boar6
of Directors OF said corporation, who shall
hold office until their successors are elected
and qualified, shall be +. B. Myers, Of Biwab.
tx, Minnesota, who shall be President: II. G
Sec ley, OF Biwabik, Minnesota, who shall be
Vice-President; J. S. Hopkins, Of Biwabik
Minnesota, who shall he Secretary and Treas
urer; Porter J. Neff and E. A. Collum, of Du
luth, Minnesota.
ARTICLE VII.
The number of shares of capital stock Of
said corporation shall be Five Hundred 800
and the amount of par value thereof shall be
One Hundr $500 Dollars, each.
In Testimony Whereof the said person:
above named have hereunto set their hand.
and seals this 30th day OF December, 1905.
Signed, Sealed and Deliv-
cred in the presence of
f. NJ. BUTLER. +. 3. MYERS. fsEAL'
FRED NJ. SEELEY. Fl. G.. SEEIEY. CsEAL
t. NJ. JOHNSON. Us. HOPKINS. lsEAL,
GEO. E. TAYLOR. PORTER J. NEFF. [sEAL
T. w. HOPES. f. a. COLLUM. isEAL
State OIL Minnesota.
County of St. Louis, SIS.
On this both day OF December. 1905. before
me. a notary public within and for said coun
ty, personally appeared F. b. Myers, Fl. G
Seeley and Us. Hopkins, to me known to be
the persons who executed the foregoing in
strumcnt and acknowledged that they exc.
cuted the same as their free act and deed.
r. NJ. JOHNSON,
lSEALI Notary Public,