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

ARTICLE l.
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 lease, maintain,
and operate for hire railroad lines and tracks build
fngs, depots, depot grounds and store tracks and
shops, and other rail- DAD conveniences and appl-
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 con-
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 rong-stock. 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
statues 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
erly boundary line of the said county of ST. Louis to
be hereafter selected by this corporation; and the
same shall extend in northerly and eastery dlrec-
ton TO the eastery 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. wharves, landing places, mills manu-
factories stockyards and other Industries situated
in the said county of Saint Louis shall be construct
ed may be necessary desirable TO carry the
purposes hereinbefore set forth.
The said main line of railrO will be thirty (30)
miles in length, more or less. d the said branch
lines VIII be one hundred 600 miles In length, in
the aggregate less, and will be provided
with such sidetracks switches and turn-outs as 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 Duipth. Minnesota
ARTICLE II.
The time OF the commencement Of this corporation
shall be October Is. A. y. 1888. and the shall
continue perpetually thereafter.
ARTICLE III.
The amount of capital stock OF this corporation
shall be million two hundred Thousand dollars
(s1 200 0O0l The same shall be divided into twelve
Thousand shares of hundred dollars each. and
the shall be paid in from time to Time as
shall be determined by the board of directors.
ARTICLE W.
The highest amount of Indebtedness to which this
corporation shall at any time be subject. shall not
exceed six hundred thousand dollars 5000 0O0) nciu
sive of such Indebtedness as shall be secured by
mortgage.
The names and places of residence of the persons
forming this association for Incorporation as
follows
James ]. Hill, residing at st. Paul Minnesota
E. W. Winter, residing at ST. Paul, Minnesota.
William p. Clough. residing at st. Paul. Minnesots.
John II. Hammond, residing at Superior, Wisconsin.
Allen MARVEL, residing at st. Paul, Minnesota.
John G.. Spooner, residing at Hudson, Wisconsin.
George S. Baxter. residing az the city Of New York.
and state Of New York.
ARTICLE VI
The government Of this corporation, and the man
sgement of its affairs. shall be vested In board Of
seven Cd directors who shall be elected anuualIY
such time and in such shall be prescribed
BY the bylaws Of this corporations and this corpora
tion shall have such officers and agents shall be
provided fQnby bylaw from time TO time.
The namsYof the first Board Of Directors are as
follows: James j. Hill, E. W. Winter, william p.
CIough. John II. Hammond. Alien Marvel John C..
Spooner. and George 8 Baxter
In testimony whereof the parties have hereunto
set their hands and seals, the day and year first
above written.