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Collection: Original Records > Articles of Incorporation
Lake Tahoe Railway and Transportation (AI-L020)(1899) (7 pages)
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Page: of 7
Landing places upon the shores of Leke Tahoe, and thereon to
demand and collect tolls.
To buy, Maintain, operate and conduct stage lines
and other conveyarices for the transportation of passengers
freights, mails and other materials.
To buy, sell and deal in real est ba
property of whatsoever Kind or description.
te and personal
To borrow money.
To borroy on credit or the corporation end under
such regulations and restrictions as the Directors thercsof
may impose, such sums of money as may be necessary for com—
pleting the railroad of said corporation, and to issue and wei
dispose of bonds and promissory notes therefor in denomina—
tions of not less than five hundred dollars, and at a rate of
interest not exceeding ten per cent per anmum; and also to
issue bonds or promissory notes of the same denomination and
rate of interest in payment of any debts or contracts for
constricting and completing said railroad with its equipments
and all else relative thereto; and also for all and any of
the other purposes of said corporation; but the amount of
bonds or promissory notes issued for such purposes mist not
exceed in all the amount of the capital stock of said corporation; and to secure the payment of said bonds or notes by
mortgage or deed of trust a the corporate property and franchises of said corporation.
THIRD: That the place where the principal business
of said corporation is to be transacted is the City and County of San Francisco, State of California.