The State of Texas chartered the Union Terminal Company on March 16, 1912. The mission of the company was to build a central terminal in Dallas for the seven railroads then serving the city. The terminal company ownership expanded to eight railroads, each having a 12.5% share: the Texas & Pacific; the Frisco; the Rock Island; the Cotton Belt; the Southern Pacific; the Santa Fe; the Katy; and the Trinity & Brazos Valley.
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