| First: The corporation name of said company is the Colorado Midland Railway Company. |
| Second: The object of said company is to locate, construct, operate and maintain a railway and telegraph line from the City of Colorado Springs in El Paso County through the Ute Pass into South Park and by the most eligible route to Salida and Leadville. |
| Third: The capital stock of the Company shall be $500,000, to be divided into 5,000 shares at $100 a share. |
| ...Locate, construct, operate and maintain a railway and telegraph line from Leadville, Lake County, Colorado by the most eligible route to Aspen, Pitkin County, Colorado, and through Pitkin, Eagle, Gargield and Mesa counties to the western border of the State of Colorado with such branches as may be deemed necessary. |
| Construct and equip those portions of the railway and telegraph line of the Colorado Midland Railway Company lying between the City of Colorado Springs and the City of Leadville, and between the City of Leadville and the mouth of Elk Creek on the Grand River, and between a point near the confluence of the Roaring Fork and Frying Pan Rivers to the City of Aspen, also to procure rights of way, depot grounds and other necessary lands, also to erect depot buildings, machine shops, roundhouses and other buildings therefor, and do all acts pertaining to locating, constructing, equipping and furnishing of said line of railway and telegraph between said points. |
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