The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-01

| 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-
quire by deeds of conveyance, contract,
lease, rental or in any other lawful manner
| the title and ownership to all property 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.
II shall have power to borrow money, and
to 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 hypothecation of pro-
pertv, or by mortgage or other evidences Of
lien placed upon its franchises and property
real, 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 any
person, nrn or corporation carrying on any
portion OF the business which the corpora
tion Is authorized to carry on or possessed
OF 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
parity 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. firm
or company carrying on or engaged in or
ABOUT 10 carry on or engage In any business
or l Transaction a., which the company is author
lied TO carry on or engage In IL any bust
ness or transaction capable o being con-
Quoted so as directly or indirecty to benefit
the company, and to lend monef to, guaran-
tee the contracts of or otherwiye assist any
slch person, firm or company and to take or
Herwise acquire shares, bonds, and securi-
Is or any such company and to sell, pledge,
d, issue or reissue with or without guar
be or otherwise deal with or dispose of
same: to raise or assist in raising money
and to aid by way Of bonus, lOan pro-
fse endorsement, guarantee or otherwise.
ne performance of contracts or for any
transaction from which any benefit or adj
vantage may be derived by the company for
Its corporate purposes, and to do any act or
ton, preservation, Improvement or enhance
ment OF the value of the property, shares
interest and obligations of the company or
In which the company NAV be Interested or
from which it may derive any benefit or ad-
vantage; to accept In payment Of any debt
or debts due or owing to the company the |
stock, shares, bonds, debentures Of any other
company or companies and to use any of the |
shares, bonds, debentures or other securities |
or the funds OF the company to purchase or |
otherwise acquire and to take, hold, assign, |
transfer or sell the shares, bonds, deben- |
lures or other securities Of or in any com |
pany or corporation authorized to carry on |
or engaged in carrying on the business |
which this company is authorized to carry |
on and to guarantee the payment of the |
principal and interest of the bonds, deben- |
lures or dividends upon the shares Of such |
company or corporation and while holding
such shares, bonds, debentures or other Sc
curities of any other company or corpora
ton to exercise all the rights and powers
OF ownership thereof, including the right to |
vote thereon through such agent or agents
as the directors may appoint and to dis
tribute such shares, bonds, debentures or
other securities or any assets Of such other
company In specie upon division of profits
or distribution Of capital among the share
holders in any manner not prohibited by
law; TO remunerate in fully paid up shares .
OF the company any person, firm or company
for labor done or for services rendered or
10 be rendered, in placing, or assisting to
place or guaranteeing the placing of any OF
the bonds or shares of the company'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 obligations by way Of pledge
Or otherwise or for guaranteeing the pay |
directly or Indirectly, or for endorsing the
,ompany's note or notes for obtaining pro-
Derty for the company for the conduct of
is BUSINESS or operations in any way.
lt shall have power to elect officers and
directors. TO name and appoint its managers
agents and other employees, and to fix their
and to discharge the same at
viii to establish and adopt such bylaws
ules and regulations as may be deemed ex-
'edient and proper for the conduct and man
cement of its property and business. and
he same to alter, amend and abolish at
pleasure; to make and use a common or (
orporate seal and the same TO break and
liter at pleasure, and generally TO do and {
'erform all acts and things requisite and |
necessary 10 carry out the objects and pur- $
oses or this corporation.
That Article III of said charter be and {
he same was amended and re-enacted so as '
o read as follows: a
ARTICLE III. a
The objects and purposes for which this Z
orporation Is organized and established, and
he nature OF the business to he carried on l
Y 1t are declared to be as follows:
To locate, construct, maintain, own, lease
perate, and maintain and manage a stand
I'd gauge railroad or railroads. whether ur-
an, interurban, suburban or other railroad Il
r railroads, street railways and tramways, I
18th the necessary side-tracks switches a
1rnouts, stations, DOCKS wharves, bridges, \
evators, warehouses, terminals, track con- "
ections, poles, wires, conduits, etc. and to n
nat end to acquire, purchase, lease, hold
nd own railroads, street railways and tram
avs, rights Of way, privileges and fran
1ises, ETC.. and railroads, street railways
nd tramways completed and uncompleted
the state or elsewhere; to erect. maintain
nd operate the same, and to use all and 1,