St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-09
7.

ARTICLE I.
The name Of this corporation shall be .sThe Lake
Superior Terminal and Transfer Railway Company,
of the State of Minnesota"
The general nature of the business of this company
shall be to acquire depot storing-yard and shop
grounds, construct, purchase or lease maintain use
and operate for hire railroad lines and tracks build
ings, depots, depot grounds and store tracks and
shops, and other railioad conveniences and appll-
ances, In the county Of ST. Louis, in the state of
Minnesota, Tor the transportation Of rolling stock
freight and passengers and for the purpose OF
Meeting any and all the various other lines of railroad
running to into the said county of st. Louis and
for the purpose of transferring rolingstock freight
and passengers between such railroads, and betw
such railroads and docks and piers, and vessels
touching Ct any port or place In the said county and
generally 10 exercise the powers conferred by the
statutes of the of Minnesota relating to the
organization and powers OF railroad corporations.
The main line of railroad to be constructed by this
corporation shall begin at some point on the south
ery boundary line of the said county of St. Louis
be hereafter selected by this corporations and the
same shall extend in northerly and easterly drec-
ton to the eastery boundary line Of the said county,
at some point to be hereafter selected by this corpo
ration; and such branch lines of railroad, extending
from the said main line of railroad the said other
railroads. respectively. ard to the various piers,
warehouses, wharves landing places. mills manu-
factories. stock yards and other industries situated
in the said county of Saint Louis shall be construct
ed as may ne necessary desirable carry out the
purposes hercinbefore set forth.
The said main line of railro viii be thirty (So)
miles in length, more or less. d the said branch
lines will be hundred (1OU, miles In length, In
the aggregate, more or less. and will be provided
with such sideracks switches and turn-outs as NAV
be found necessary desirable for the transaction
of the business of this corporation.
The principal place of business OF the said corpora
ton shall be at Duluth. Minnesota.
ARTICLE II.
The time of the commencement of this corporation
shall be- October Is. A. T. 1883, and the same shall
continue perpetualiy thereafter.
ARTICLE III.
The amount of capital stock of this corporation
shall be million two hundred thousand dollars
(s1.2O0 000J The shah be divided into twelve
thousand shares of one hundred dollars each and
the shall be paid in from time to time, as
shall be determined BY the board Of directors.
ARTICLE ".
The highest amount of Indebtedness to which this
corporation shall at any time he subject shall not
exceed six hundred thousand dollars s5GO O00) nclu
siye of such Indebtedness shall be secured by
mortgage.
The names and places Of residence Of the persons
forming this association for incorporation are as
follows:
James J. Hill, residing at St. Paul. Minnesota
L. W. Winner. residing at St. Paul, Minnesota.
William p. Clougi. residing at ST. Paul, Minnesota.
John H. Hammered residing at Superior, Wisconsin.
Allen MARVEL, residing az ST. Paul. Minnesota.
John C. Spooner. residing at Hudson Wisconsin.
George 8 Baxter, residing at The city Of New York
and state Of New York
ARTICLE VI.
The government of this corporation, and the man
agement Of its affairs shall be vested In board OF
seven Cd directors who shall be elected aunualIy at
such time and in such manner as shall be prescribed
by the bylaws of this corporation; and this corpora
ton shall have such officers and agents as shah be
provided for by bylaw from time 70 time.
The names Of the frat Board o. Directors are as
follows: James j. Hill, Z. W. Winter, william p
Cl0rgh John II. Hammond. Allen Marvel John G.
Spooner. and George S. Baxter.
In testimony whereof tie parties have hereunto
IL nj fh lie