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

towit:
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 or lease maintain, use
and operate for hire railroad lines and tracks, build
ings depots, depot grounds and store tracks and
shops and other ratho 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 into the said county of ST. Louis and
for the purpose of transferring rolingstock 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 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
shall extend in northerly and easterly drec
tion to the easery boundary line of the said county,
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. stock-yards and other industries situated
in the said county of Saint Louis shall be construct
ed, may be necessary desirable carry out the
purposes hereinbefore set forth.
The said main line OF railroad viii be thirty 800
miles in length, more or less, and the said branch
lines will be one hundred 600 miles In Lengthy in
the aggregate, less, and will be provided
with such sidetracks, 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 IL.
The time of the commencement of this corporation
shall be October Is, A. D. 1883, 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 200 000). The shall be divided into twelve
thousand shares OF hundred dollars each and
the shall be paid in from time to time,
shall be determined by the board of directors.
ARTICLE "
The highest amount of Indebtedness to which this
corporation shall at any time be subject shall not
exceed six hundred thousand dollars $4,000 nclu
siye of such Indebtedness as shall be secured by
mortgage.
ARTICLE v.
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.
E. W. Winter, residing at st. Paul, Minnesota.
William P. Clough. residing at ST. Paul, Minnesota.
John II. 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 "a directors, who shall be elected annually,
such time and il such msnLer shall be prescribed
by the bylaws Of this corporations; and this corpora
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 as
follows: james j. Hill, Z. W. Winter William P.
CIoueh John r. Hammond, Allen MARVEL, John C..
Spooner and George s. Baxter
In testimony whereof the parties have hereunto