The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1855-07-30
PUBLISHED BY AUTHORITY
Laws of Minnesota for 1855.
A BILL

BILL
To Incorporate the Transit Rail Road Company.
BE it enacted by the Legislative assembly of Mime
sofa Territory:
Sec. 1. That Charles w. Borup, Henry D. Huff,
Orrin Smith, Abram nj. Fridey, Lorenzo D. Smith,
ii. J. Hilbert, Henry H. Sibey, Andrew G. Chat
field, Leonard B. Hodges, Henry McKenty. o. M.
Lord, David Olmsted, Benjamin Thompson, w. A.
Jones, Orlando Stevens, George H. Sanborn, Byron
Kbron, f. d. Clinton, and all such persons as shall
hereafter become stockholders in the company here
by incorporated shall be and are hereby made body
polite and corporate by the name and style OF
Transit Railroad Company" and by and under that
name and style shall be capable of suing and being
sued implicated and being impleaded. defending and
being defended against, in law and in equity, in any
and all and places whatsoever, as fully as nat
ura; and the said corporation may make and
use a common seal, and alter or renew the same at
pleasure; and by their corporate name and style shall
be capable OF contracting and being contracted WITH
and of acquiring by purchase, gft grant, devise or
otherwise, and Of holding and conveying all such
tate and property, real and personal, as may be nee
essary convenient to carry into effect the objects
and purposes Of this act and Of the said corporation
g The said corporation is hereby authorized and
empowered and it is hereby declared that the objects
and purposes thereof to survey, locate, construct
complete, maintain, use and operate, and at their
pleasure to alter the line thereof, without changi
the eastern terminus, Railroad with one or more
tracks or lines of rails, from the village OF Winona,
in the county of Wnona and territory of Minnesota,
westwardly by the most feasible and practicable route
to St. Paul, some point on the Minnesota River,
thence ntersect any Railroad that may hereafter
be constructed from Lake Superior the Mississippi
River to towards the territory Of Washington, to-
gether with all necessary and proper stations, dePots
iurnouts, engines, and other appurenances and
furniture of a Railroad. And the said company is
also authorized and empowered to extend IN like
manner such Railroad from its junction with the Min
nesota River to such point as they may deem proper
on the line which may be adopted and established by
the &C Minnesota Western Railroad Company" al
the line of their Railroad and also to such point al
thew NAV deem proper on the line which may OK
adopted and established by the slid Lake SUPERB
or, Puget's Sound and Pacific Railroad Company
az the line Of their Railroad; provided, the point
intersection with the line Of either Of the said Ka
roads shall be east of the meridian Of the mouth
of the blue Earth River.
So. The capital stock of the corporation hereby
created shall be i've millions Of dollars, and sha bt
divided into shares Of one hundred dollars each, and
shall be transferable in such manner as the corpora
tion by its regulations by laws shall prescribe but
no share of said stock shall be transferred while their
shall be any installments assessed thereon unpaid
and the directors of the said corporation may will
the consent Of The holders Of majority Of tho stool
thereof, increase the capital stock thereof fuch
sum a. NAV be necessary or conven lent to carry int
effect ali the rights and privileges hereby grante
thereto, not exceeding twenty millions OF dollars
The shares Of any increase oil Stock sna DC the sam
and transferable IN the same manner as the shares
"a. The said corporation shall have the right c
voy ,,non and NAV appropriate to Its own use an
contro for the purposes OF the sald naiiroa9 ana
appurtenauces, land not exceeding two hundred 10:
ia width throughout its entire length, and may oy
ENGINEERS agents and contractors, enter upon, tas
uos.es.on Of and use, all and singular, any Land
ptreams, timber and materials of any and every KIN
for the purposes of making the survey and location
aid Railroad, and of all stations, depots, turnout
and other appurtenances thereto, andfor the PuPos