Page:Oregon Historical Quarterly vol. 9.djvu/309

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Oregon's First Monopoly.
285

The Articles of Incorporation were as follows:


Article 1.

J. C. Ainsworth, D. F. Bradford, R. R. Thompson and S. G. Reed: Their associates, successors and assigns, do hereby associate themselves under and by virtue of the provisions of an act of the Legislative Assembly of the State of Oregon, entitled, "An Act Providing for the Private Incorporations," approved October, A. D. 1862.

Article 2.

The name of this incorporation and by which it shall be known, is the "Oregon Steam Navigation Company."

Article 3.

The object of this incorporation and the business in which it proposes to engage, is the navigation by steam and otherwise of the Columbia River from its mouth to the forty-ninth parallel of north latitude, and the Snake River from its mouth to Fort Boise, and the Willamette River from its mouth to Eugene City, and the Pacific and other oceans, together with the construction and use of all necessary rail or plank or clay roads and bridges at any of the portages of the said Columbia, Snake and Willamette rivers, or to purchase, own and use any such roads that may be constructed, or are now constructed, or may be in the course of construction, and to collect such tolls, fare or freight on all roads, boats or vessels that may be owned, chartered or controlled by said incorporation, as shall be deemed expedient by the officers of said incorporation; and to purchase, and own all lands, lots, wharves, boats and vessels, and all real and personal property of every name and nature, that may be deemed necessary to the interests of said incorporation in the prosecution of the business above referred to, and to sell and transfer the same.

Article 4.

The principal office of this incorporation shall be at the City of Portland in the State of Oregon,

Article 5.

The amount of the capital stock of this incorporation shall be two millions of dollars.

Article 6.

The amount of each share of such capital stock shall be $500.00. In Witness Whereof, we have hereunto set our hands this eighteenth day of October, A. D. 1862. (Signed)

J. C. AINSWORTH,
D. F. BRADFORD,
R. R. THOMPSON,
S. G. REED.