The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-29

empowered to do and perform any act OF
tnlhS and conduct an yand all business usu.
any connected with and pertaining TO the
analrs and business as set forth in Article
| III or this charter, which Is not Specially
prohibited by law.
| IL snail have power and authority to hold.
own, receive and purchase and lawfully &C,
quire by deeds of CONVEYANCE confract
lease, rental or in any other lawful manner
me ute and ownership TO all property, real.
| personal and mixed, and likewise with full
lover LOVE- ana authority TO ALLEVIATE. dispose of,
tease rent, sell, convex mortgage, hypothe.
cate, pledge or otherwise cucumber. IT'S
Irahcnlses and property, real, personal and
mixed or any part thereof
II snail nave 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
nneteor. by pledge or hypOthecation Of pro
PerlY' or Dy mortgage or other evidences of
lien placed upon its franchises and property
rear personal and mixed, or any part there,
1t shall have power to acquire or under.
take the whole or any part Of the business
property, goodwill, and liabilities of apv
person, nrm or corporation carrying on any
portion or the business which the corpora-
tion is authorized to carry on or possessed
or property suitable for the purposes of the
company and to pay for the same in cash
oOnds or pald-up shares of the company or
parity IN cash and partly in bonds or paid
up Shares as may be agreed upon TO enter
into any agreement not prohibited nv law
Tor sharing profits, union OF interests, CO.
operation, joint adventure reciprocaI con
cesSlOn or otherwise with any person firm
or company carrying on or engaged in or
ABOUT 10 carry on or engage in any business
i or iransaellon which the company is author
neu 10 carry on or engage In or any bust
ness or transaction capable OF being con
quoted so as directly or indirectly to benefit
me company, and to lend money to, guaran-
zee the contracts OF or otherwise assist any
such person, firm or company and 10 tate ~
otnerwlse acquire shares, bonds and securi
t lles or any such company and to sell, pledge
a aOio, ISSUE OF reissue with or without guar
ahtee or otherwise deal with or dispose OF
the same to raise or assist in raising money
Tor and to aid by way Of bonus, loan. pro
muse mise, endorsement, guarantee or otherwise
the performance of contracts or for any
transaction from which any benefit or adj.
vantage may be derived by the companv for
us corporate purposes, and to do any act or
thlng not prohibited by law, for the protec
ton, preservation, Improvement or enhance
ment or the value of the property shares
interest and obligations OF the COMPANY or
"a ~ whlch the company may be interested or
Irom whlcn IL may derive any benefit or ad-
vantage to accept in payment of any debt
OF ueDtS due or owing to the company the
STOCK, shares, bonds: debentures Of any other
company or companies and to use anv ~ tho
shares, bonds, debentures or other sscnr,tjas
or the funds OF the company to purchase or
otherwlse acquire and TO take, hold assign.
t rafsier OF sell the shares, bonds, deben-
lures or other securities Of or In any com |
pahy or corporation authorized to carry on
or engaged in carrying on the busi,ess
whicn TINS company is authorized to carry
On ana TO guarantee the payment of the |
principal and interest of the bonds daben'
lures or dividends upon the shares of sncb
company or corporation and while holding
sucn snares, bonds, debentures or other Sc,
.tuIIties OF any other company O. CORPORA
l,on 10 exercise all the rights and powers
% o"1nhersnlp ther2f including the right to
,S'e tb .neTeon thronsh such agent agents
tribute such shares, bonds dehentures IS
'ther' securities or any assets of such Other |
,ompany In specie upon a division of profits |
,o,d dSsri i OF capital among the share
loluers IN any manner not prohibited by
aw to remunerate in fully paid IN shares
u the company any person, firm or companv /
or labor done or for services rendered or
,lace or guaranteeing the placing on an1 of
ne, bonds or shares Of the company's bonds
y capital. debentures or other securities or Il
ba aStai on the company or in or about
ne obtaining or loans on the company's
'onds or other obligations by way of pIedge
" otherwise or for guaranteeing the nay
nent or any Indebtedness of the compeny
lrectly or Indirectly, or for endorsing the
ompany's note or notes for ohtaining nv
cry Tor the company for the conduct OF
Is BUSINESS or operations In any way
), ~ snali nave power to elect officers and
directors. to name and appoint its MANAGERS
gents and other employees, and to fin their
and to discharge the same ar ,
III 10 establish and adopt such bylaws.
deemed
edlent and proper for the conduct and man.
cement or Its property and business and
ne same to alter, amend and abolish Of
Ieasure TO make and use a common or {
orporate seal and the same to break ana I
tier at pleasure, and generally TO do and 3
erIorm all acts and things requisite and /
ecessary 70 carry out the objects and mr. S
oses OF this corpora ton. 20
mat Article III of said charter ba md c
ne same was amended and re-enacted so as '
read as~follows ~ 90 >
ARTICLE III. a
Inc objects and purposes for which this q
'rporation Is organized and established. and
re nature or the business to be carried on 7
are declared to be as follows
no locate, construct, maintain, own lease
,erale, and maintain and manage a stand
~ gauge railroad or railroads. whether mr.
IN, interurban, suburban or other railroad 4,
!. raiiroads, street railways and tramwavs r
lth the necessary side-tracks. switches .
lrnouts, stations, docks, wharyes. BRIDGES =
evators, warehouses, terminals. track CON !, =
'ctlons, poles, wires. conduits. etc. and 70 y
,at end to acquire, purchase, lease. hold
IA own railroads, street railways and tram
~, rights or way, privileges and fran
uses, ETC.; and railroads, street railwavs
~ tramways completed and uncomnjeteS
me state or elsewhere; to erect. maintain
III operate the Same and - |