The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25
CHARTER.
OF NEW ORLEANS & WESTERN RAIL-
WAY COMPANY.


|: OF LOUISIANA. PARISH OF Or
LEANS, CITY OF NEW ORLEANS
BE IL known, that on this 18th day of the
month OF June, In the year Of our Lord, one
thousand nine hundred and twelve 19l2),
ana or the independence of the United
states of America the one hundred and
thirty-sixth (136), before me, Arthur b.
Leopold, notary public, in and for the
parish OF Orleans. state Of louisiana, duIy
commissioned and qualified, and in the pres
ence or the witnesses hereinafter named and
Undersigned, personally came and appeared
the persons whose names are hereunto sub
scribed, all residents OF this city, who sew
orally declared that availing themselves of
the provisions of the general laws of this
state relative to the formation OF corpora
tons, they do by these presents form them
selves into and constitute a corporation for
the objects and purposes, and under the
stlpulations and agreements hereinafter set
I3rth, which they hereby adopt as their
charter, to-wit:
ARTICLE
Inc name OF this corporation shall be
NEW ORLEANS < WESTERN RAILWAY
SoMPANf, and under its corporate name
IL snail exist and have succession for
period or nInety-nine 800 years from date
hereOf, and 1t shall have and exercise for
the purpose OF Its business all the powers
rishIS and privileges conferred by law on
similar corporations, and it shall be and II
IL turther authorized and empowered to do
AMI perform any act or thing and conduct
any ana all business usually connected with
as set forth in Article III OF this charter,
which Is not specially prohibited BY law.
snail nave power and authority TO
noid, own, receive and purchase and law
ruby acquire by deeds OF conveyance con-
tract, lease, rental or in any other lawful
manner the title and ownership to all pro-
perry real, personal and mixed, and like
wise with full power and authority TO alien
hte, dispose or, lease, rent. sell, convey,
mortgage hyp0thecate, pledge or otherwise
encumber, Its franchises and property, real,
personal and mixed, or any part thereof.
IL snail have power to borrow money, and
10 issue notes, bonds and other evidences
or Indebtedness from time to time and to
secure the payment Of the same or any
part thereof, by pledge or hypothecs ton OF
property, or by mortgage or other evidence
or lem placed upon Its franchises and pro-
thereof
1t shall have power to acquire or under
take the whole or any part OF the business
property, good will, and liabilities Of any
person, nrm or corporation carving on any
portion OF the business which the CORPORA
ton Is authorized to carry on or possessed
or property suitable for the PURPOSES of the
company and to pay for the same In cash.
ponds, or paid-up shares OF the company or
partly In cash and partly in bonds, or paid
up shares as may be agreed upon; TO enter
INTO any agreement not prohibited by law
for sharing profits. union OF interests. CO.
operation, Joint adventure, reciprocal con-
cession or otherwise, with any person. Arm
or company carrying on or engaged in or
ABOUT TO carry on or engage In any business
or transaction which the company Is author
lied TO carry on or engage In, or sny bust
ness or transaction capable OF being con-
Quoted 50 as directly or indirectly to benefit
the company, and to lend money to, guar
antee the contracts of or otherwise assist
any such person, firm or company and TO
take or otherwise acquire shares bonds and
securities OF any such company. and to sell,
pledge, hold, issue or reissue with or with
out guarantee or otherwise deal with or dis
pose or the same; to raise or assist in rails
ing money for and to aid by way Of bonus
loan, promise, endorsement, guarantee or
OtherWise the performance OF contracts or
Tor any transaction from which any benefit
or advantage may be derived by the COM
pany Tor Its corporate purposes and TO do
any act or thing not prohibited by law, for
the protection, preservation, improvement or
enhancement of the value of the property
shares, interest and obligations of the COM
pany or in which the company NAV be in
terested or from which 1t may derive any
oeneht or advantage: to accept in payment
or any debt or debts due or owing to the
company the stock, shares, bonds, deben-
lures OF any other company or companies
ana TO use any of the shares, bonds, deben-
lures or other securities or the funds of the
company to purchase or otherwise ACQUIRE
aud TO take. hold, assign, transfer or sell
the shares, bonds, debentures or other Sc
curitles or or In any company or CORPORA
tion authorized to carry on or engaged i,
on the business which this com
pany Is authorized to carry on and TO guar
antee the payment OF the principal and in
terest or the bonds, debentures or dividends,
upon the shares of such COMPANY or corno-
ration and while holding such shares, bonds.
or other securities of auy other
company or corporation 70 exercise all the
rights and powers OF ownership thereof In
Guiding the right TO vote thereon through
such agent or agents as the directors NAV
appoint and TO distribute such shares bonds,
debentures or other securities or any assets
0rhpr In NJ
vision OF profits or distribution Of capital
among the shareholders in any manner not
prohibited by law; to remunerate in fully
Iald-up shares OF the company any person,
hrm, or company for labor done or for ser.
vices rendered or to be rendered, in placing,
or assisting to place or guaranteeing the
placing Of any of the bonds or shares OF
the e0mpany's bonds or capital, debentures
Or other securities or obligations of the |
company, or In or about the obtaining of
loans on the cOmpany's bonds or other obli- |
cations by way of pledge or otherwise or |
Tor guaranteeing the payment of any in |
1ebtedness of the company, directly or in. |
directly, or for endorsing the company's |
note or notes for obtaining property for the |
company for the conduct of its business or |
In any way.
1t shall have power TO elect officers and
directors, to name and appoint its mana |
gers, agents and other employees and to 6x |
their compensation, and to discharge the |
zane at will to establish and adopt such |
bylaws. rules and regulations as NAV be |
deemed expedient and proper for the con- |
1uct and management Of its property and |
business, and the same to alter amend and |
abolish at pleasure to make and use a com |
non or corporate seal and the same to break |
and alter at pleasure, and generally to do |
ana perform all acts and things requisite |
and necessary to carry out the objects and |
purposes of this corporation.
ARTICLE III.
The domicile Of this corporation shall be |
m the city of New Orleans, state Of Louisi- |
ina, and all citations and other legal pro- |
,ess shall be served on the president and in |
MS absence, on the vice-president, and In |
The absence OF both of said officers on the |
OF this corporation.
ARTICLE III.
The objects and purposes for which this |
corporation Is organized and established |
Ind the nature of the business to be carried |
IN by 1t are declared TO be as follows To \
ocate, construct, maintain, own, lease ope-
ate and manage a standard guage railroad |
,r railroads, whether urban, interurban, su-
Durham, or other railroad, or railroads,
assary side tracks, switches, turn-outs, sta
ions, decks, wharves, bridges, elevators,
warehouses, terminals, track connections, |
)oles, wires, conduits, etc. and to that end /
% acquire, purchase, lease, hold and own |
'ailroads, street railways, and tramways,
ights-of-way. privileges, and franchises,
tic; and railroads, street railways and
ramways completed and uncompleted In the
tate or elsewhere; to erect, maintain and
operate the same, and 10 use all and any
appliances, contrivances, motive power, cleo |
richly, gasoline, gas or any other motive |
,ower, the use of which Is or may hereafter
'e recognized and adapted for railroads,
whether urban, interurban, suburban or
'ther railroad or railroads, street railways
L