The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1916-05-23
ARTICLES OF INCORPORATION OF
THE RED LAKE NORTHERN RAIL-

ARTICLES OF INCORPORATION OF
THE RED LAKE NORTHERN RAIL-
WAY AND CONSTRUCTION CON-
PANY.
Know all men by these presents, that
we, the undersigned, desire to form and
suant to the general laws of the State
Of Minnesota, do hereby associate our
selves together as such corporation and
to that end adopt and sign the follow
ing articles of incorporation, to-wit:
ARTICLE 1.
The name of the corporation shall
be The Red Lake Northern Railway
and Construction Company, and the gen
eral nature of it's business shall be to
build, maintain and operate railways
with steam, electric or gasoline power,
railways. with all usual appurtenances,
from Aida, Minnesota in a northerly,
direction past the west end of Red Lake
to the Canadian boundary at, or near
Minnesota, south past the Itasca State
Park to the Twin Cities, with the auth
GRITTY to construct branches and extern
sions as may be hereinafter determined
upon in accordance with the law within
the United States or Canada, and also
power to build, own and oper-
ate htets or Lease freight IL an and
Rally RVer and Red f lake "o or an or
other waters connecting with our lines,
to be run in connection with and as
feeders Of said Company's Railways,
velop townsites and industrial sites
along it's lines, and with power to lease
from other Railroads or Corporations,
trackage or running rights, for long or
short periods in connection with and as
feeders Of the said Company's Railways,
and to acquire and hold stock and bonds
and securities of any Railroad Company
organized under the laws Of the State
Of Minnesota or any other state or any
foreign country. for the purpose of
building lines either in the United States
or Canada: Intending to take all power
conferred by the statutes of the state
of Minnesota to aid, assist, acquire or
consolidate, with any corporation own
ing or controlling such connecting and
extending lines.
The principle place Of transacting the
business of the Company shall be in
Bemidji County Of Beltrami State of
ARTICLE
The time of commencement of said
corporation shall be the first day Of
June 1916, and the period Of it's con-
~ ARTICLE
The amount Of the capital stock Of the
fifty thousand (s15o,0o0.00) Dollars, the
same shall be paid in at such times and
in such installments as the Board of Dr.
rectors shall determine.
ARTICLE 4.
The highest amount Of Indebtedness
or liability to which the corporation
shall at any time be subject is ten mil
lion $4,000 ,OO0.OO) Dollars.
ARTICLE S.
The name and places Of residences Of
the persons forming such corporation
are (all Of Bemidji, Beltrami County,
MinnesOta.)
Jens J. Opsahl, Bemidji, Mimi.
Leo j. Opsahl, Bemidji, Mimi.
John Moberg, Bemidji, MINI.
Geo. H. French, Bemidji, MINI.
A. NJ Bagley, Bemidji, MINI.
ARTICLE 6.
The names Of the first Board of Di-
rectOrS are: -
Jens J. Opsahl, Leo J. Opsahl, John
Moberg, Geo. H. French, A. M. Bagley,
and the government Of the corporation
and management Of it's affairs shall be
vested in the Board Of Five Directors,
who shall be chosen annually by the
stockholders at the annual meeting
which shall be held on the first Tues
day of September of each year, and ur-
til such election is held the government government
Of It's affairs shall be vested IN the
above named first Board Of Five d.