The herald., 1912-01-25

! ed i'm the mortgage Office of this parish in
book lOls, folio 3OS, and the said appearers
| declared, that at a special meeting of the
stockholders of said company held on the
| Goth day of December. 1911. after due notiti-
| cation sent each stakeholder required by
| the charter, and there being the legal repre-
| sentatiOn at said meeting required by said
| charter. the following amendments TO the
| charter were legally made tO-wt: That Ar
| ticle | Of said charter be and the same was
| amended and reenacted so TO read
| follows:
| ARTICLE l.
| The name of this corporation shall he the
NEW ORLEANS SOUTHERN x GRAND
! ISLE RAILWAY COMPANY. and under its
corporate name 1t shall exist and have sue
cession for a period of ninety-nine (99)
years from date hereof, and il shall have
and exercise for the purpose of its business,
all the powers, rights and privileges con
| ferred by law on similar corpora tiOns and
| il shall be and is further authorized and
| empowered to do and perform any act or
| thing and conduct an yand all business usu-
| ally connected with and pertaining to the
| affairs and business as set forth in Article
III OF this charter, which is not specially
prohibited by law.
| 1t shall have power and authority TO hold.
| own, receive and purchase and lawfully ac-
| qulre by deeds of conveyance contract.
| lease rental or In any other lawful manner
the title and ownership to all pronerty real
personal and mixed and likewise with full
| power and authority TO ALLEVIATE, dispose Of
| lease, rent, sell, convex mortgage, hypothe-
cate. pledge or otherwise cucumber. its
| franchises and property, real, personal and
| mixed or any part thereof.
| IL shall have power TO borrow money, and
, TO issue notes. bonds and other evidences
| OF indebtedness from time to time. and to
secure the payment of the same or any part
| thereof, by pledge or hypOthecation of pro
| pertv, or by mortgage or other evidences of
| lien placed upon its franchises and property
| personal miyp1 Or pr
| of.
1t shall have power to acquire or under
! take the whole or any part of the business
property, goodwill, and liabilities of any
| person, firm or corporation CARRYING on apy
portion of the business which the corpora
lion Is authorized to carry on or possessed
or property suitable for the purposes of the
company and to pay for the same in cash
| bonds 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
Tor sharing profits. union Of interests CO.
4 operation, joint adventure reciprocaI con
cession or otherwise with any person. firm
or company carrying on or engaged i'm or
aOout TO carry on or engage in any business
or transaction which the company is author
ned 10 carry on or engage in or any bust
| ness or transaction capable of being CON
Quoted so as directly or indirectly TO Renadt
| the company, and to lend money to. guaran-
zee the contracts of or otherwise assist anv
s sten person, hrm or company and to take or
Il
| tles OF any such company and to sell pledge
hOid, issue or reissue with or without guar,
ahtee or otherwise deal with or dispose of
| tue same TO raise or assist in raising money
Tor and to aid by way of bonus loan nro
mise, endorsement guarantee or otherwise
the performance of contracts or for apy
| transaction from which any benefit or adj
vantage may be derived by the COMPANY for
us corporate purposes and to do any act or
tnlng not prohibited by law for the Drotec
lion, preservation. Improvement or enhance
interest and obligations of the COMPANY or
~ whlch the company may be Interested or
from whlch II may derive any benefit or adj
vantage; 10 accept in payment of any debt
or debts due or owing to the comnanv Tho
STOCK, shares, bonds, debentures of any other
epnpany or companies and to use any of the
81 tbe f DUn1s, 9epentures or other securities
OF tne FUNDS or the company to purchase or
otherwise acquire and to take hold. assign
transfer or sell the shares, bonds dehen'
lures or other securities of or In any com
Pany or corporation authorized to carry on
or engaged In carrying on the business
Mnicn TINS company Is authorized to carry
0 0r anu 10 guarantee the payment of the
lures or dividends upon the shares of sncb
company or corporation and while holding
sucn snares, bonds, debentures or other Sc
eurIles OF any other company or CORPORA
tlon 10 exercise all the rights ana nnyvars
Oh ownership thereof including the right 70
vote thereon through such agent or sgentS
fr,hn uae directors may appoint and to dis
-.
other securities or any assets of such otber
oomPany IN specie upon a division of profits
Ir distribution Of capital among the share.
| hoIuers IN any manner not prohibited nv
Jaw TO remunerate in fully paid M shares
oI tne company any person. firm or comnany
,or laDor done or for services rendered or
niace o renu ' IN placing, or assisting to
pace or guaranteeing the placing of any ~
sne BONDS or shares of the company's bonds
OF capltaI, debentures or other securities or
the obtaiS,n oI me s company or in or about
t te outalning or loans on the companv's
oohus or other obligations by way of pIed0e
OF otherwise or for guaranteeing the nav.
ment OF any Indebtedness of the company
ulreety or Indirectly, or for endorsing t6e
company's note or notes for obtaining nrn
perry Tor the company for the condiIct of
us y BUSINESS hn,i or operations in any way.
\, II snail have power to elect officers and
directors, to name and appoint its mano,, anu
agents and other employees and TO fix fhair.
compensation. and to discharge the Same ~
rules and eseS0lish and adopt such bylaws,
peulent and proper for the conduct and man
aasement OF Its property and business and
nIea same 70 alter, amend and abolish AT
e 10 make and use a common or
corporate seal and the same 10 hraap an vi
al.er at pleasure, and generally to do and
perlorm all acts and things requisite and
poses OF t M oarry out the objects and pur-
en- ndI Article III of said charter be ana
tne same was amended and re-enacted az as
10 read as follows: ~ 90
ARTICLE Ill
cor rne objects 3iS snd purposes for which this
hx e - nature OF the business to be carried ON
" ~ are declared to be as follows:
10 locate, construct, maintain. own lease
ope , and maintain and manage a stand,
Sau gauge railroad or railroads, whether mr.
Jan, interurban, suburban or other railroad
OF railroads., street railways and tramwavs
win the necessary side-tracks Switches
turnouts, stations, docks, wharves. hridges
elevators, warehouses, terminals. track con'
. poles, wires, conduits etc. and To
Una. .nat emo 20 acquire, purchase, lease. hold
ana own railroads. street railways and tram
WAYS. rights of way, privileges and fran
eni s etc; and railroads. street RAILWAYS
ana tramways completed and uncomplafed
IN the state or elsewhere TO erect in
anu opescse the same. and to use all and
any any apphsnees, contrivances, motive power.
sneh as steam, electricity, gasoline, gas or
any other motive power. the use Of which Is
OF NAV hereafter, be recognized and adapted
Tor railroads, whether urban, interurban' su-
Durham or other railroad or railroads. sfreet