St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-06
ARTICLE I.

ARTICLE I.
The name of this corporation shall be "The 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
ngs depots, depot grounds and tracks and
shops and other rail- DAD conveniences and app
ances in the county of st. Louis, in the state of
Minnesota for 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 or into the said county of st. Lou and
for the purpose of transferring rongstock, freight
and passengers between such railroads. and between
such railroads and docks and piers, and vessels
touching any port place in the said county, and
generally to exercise the powers conferred by the
statutes of the state 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 the south
ery boundary line of the said county of St. Louis to
be hereafter selected by this corporations; and the
same shall extend In northery and easerly direc-
tion the easterly boundary line of the said county
at point to he hereafter selected by this corpo
ration and such branch lines of railroad, extending
the said main line of railroad the said other
railroads, respectively, and to the various PIERS
warehouses; wharves, landing places, mills,
factories stockyards and other industries situated
in the said county of Saint Louis shall be construct
ed, may be necessary desirable carry out the
purposes herenbefore set forth.
The said main line of railroad will be thirty 500
miles in length more or less, and the said branch
lines will be hundred 900 miles in length, in
the aggregate, less and will be provided
with such sdetracks, switches and turn-outs may
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 commencementgof this corporation
shall be October 15 A. D. 1885, and the shall
continue perpetually thereafter
ARTICLE Ill
The amount of capital stock of this corporation
shall be one million two hundred thousand dollars
ISL 300 000). The shall be divided into twelve
thousand shares of one hundred dollars each, and
the same 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 any time be subject, shall not
exceed six hundred thousand dollars (s600 000) incu
sive of such Indebtedness as shall be secuIc1 by
mortgage.
ARTICLE V.
The names and places of residence of the persons
forming this association for incorporation as
follows:
James j. Hill, residing at st. Paul. Minnesota
T. W. Winter residing at st. Paul. Minnesota.
William P. ClOugh residing at st. Paul, Minnesota.
John Fl. Hammond. residing at Superior, Wisconsin.
Allen Marvel, residing at St. Paul, Minnesota.
John c. Spooner, residing at Hudson, Wisconsin.
George S. 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 ca directors who shall be elected annually at
such time and in such manner shall be prescribed
by the bylaws of this corporation; and this corpora
ton shall have such officers and agents shall be
DrOVidpd for by bylaw from time time
The names of the first Board of Directors are as
follows: .JamesJ. Hill, E. W. Winter, William P.
Clough, John H. Hammond, Allen MARVEL John c..
Spooner, and George S. Baxter.
In testimony whereof the parties have hereunto
set their hands and seals, the day and year first
above written.