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


The name of this corporation shall be 1.-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 storingyard and shop
grounds, construct, purchase lease, maintain
and operate hire railroad lines and tracks, build
ings depots, depot grounds and store tracks and
Shops and other rail- Dad conveniences and appli-
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. Louis, and
for the purpose of transferring rolling stock freight
and passengers between such railroads, and between
such railroads and docks and piers, and vessels
touching at any port or 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 corporation; and the
shall extend in northerly and easterly direc
tion TO the easterly boundary line of the said county,
at point to be hereafter selected by this corpo-
ration and such branch lines of railroad, extending
from the said main line of railroad to the said other
railroads. respectively, and to the various piers,
warehouses; wnarves, landing places, mills, manu-
factories stock-yards and other industries situated
in the said county of Saint Louis shall be
ed, may be necessary desirable carry out the
purposes herenbefore set forth.
The said main line of railroad will be thirty $50
miles in length more or less, and the said branch
lines will be one hundred 900 miles in length, in
the aggregate, more or less and will be provided
with such sde-tracks, switches and turnouts may
be found necessary desirable for the transaction
of the business of this corpo&tion.
The principal place of business of the said corpora
tion shall be at Duluth, Minnesota
ARTICLE II.
The time of the commencement of this corporation
shall be october Is A. d. 1888, and the same shall
continue perpetually thereafter.
ARTICLE III
The amount of capital stock of this corporation
shall be one million hundred thousand dollars
(s1. 200 OO0). 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 $780, 000 inclu
sive of such Indebtedness as 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
Z. W. Winter. residing at ST. Paul, Minnesota
William p. Clough, residing at st. Paul, Minnesota.
John H. 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 corporations and this corporal
ton shall have such officers and agents shall be
provided for by bylaw from time to time.
The names of the first Board of Directors are
follows: James j. Hill, Z. w. Winter, William P
Clough, John II. Hammond Allen MARVEL, John c.
Spooner and George S. Baxter.
In testimony whereof the parties have,hereunto
their hands and seals, on the day and iyear first
above written.