The herald., 1912-08-22
CHARTER.
OF NEW ORLEANS & WESTERN RAIL-
WAY COMPANY.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR.
LEANS, CITY OF NEW ORLEANS.
be r known, that on this 18th day OF the
month or June, in the year of our Lord, one
thousand nine hundred and twelve C912),
and of the independence of the United
states of America the one hundred and
thlrty,sixth 136), before me, Arthur b.
Leopold, notary public, in and for the
parish or Orleans, state Of Louisiana, duly
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
ions, 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
rorth, which they hereby adopt as their
ARTICLE /.
Inc name OF this corporation shall be
NEW ORLEANS & WESTERN RAILWAY
COMPANY, and under its corporate name
It shall exist and have succession for a
period OF ninety-nine (99) years from date
hereof, and it shall have and exercise for
the purpose OF its business, all the powers,
rights and privileges conferred by law on
similar corporations. and it shall be and 1t
Is further authorized and empowered to do
ana perform any act or thing and conduct
any ana all business usually 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
it shall have power and authority to
hoid, own, receive and purchase and law
fully acquire by deeds OF conveyance con-
tract, lease, rental or in any other lawful
manner the title and ownership to all pro-
perty, real, personal and mixed, and like
WIS Wise with full power and authority to alien
ave, dispose OF, lease, rent, sell, convey.
hVnnf cd ar OIL a- .-f.,a
cucumber, its franchises and property, real,
personal and mixed, or any part thereof
IL snail have power 10 borrow money and
10 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
property, or by mortgage or other evidence
or leln 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, hrm or corporation carrying on any
portion OF the business which the corpora
ton 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 pald-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.
operation, joint adventure reciprocal con-
cesslOn or otherwise, with any person firm
or company carrying on or engaged In or
ABOUT TO carry on or engage In any business
or transaction which the company Is author
lzed TO carry on or engage in, or any bust
ness or transaction capable OF being con-
Quoted so as directly or Indirectly to benefit
Inc 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 of the same to raise or assist I'm rails.
ing money for and to aid by way Of bonus
loan, promise, endorsement, guarantee or
otherwlse, the performance OF contracts or
FOR any transaction from which any beneft
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 may be in
terested or from which 1t may derive aay
Deneht or advantage; to accept In payment
or any debt or debts due or owing TO the
company the stock, shares, bonds. deben-
lures or any other company or companies
and to use any OF the shares, bonds. deben-
lures 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, debentures or other Sc
curltles or or In any company or corpora
ton authorized to carry on or engaged in
on the business which this com
pany is authorized to carry on and to guar
antee the payment Of the principal and IN
terest OF the bonds debentures or dividends
upon the shares OF such company or corpo-
ration and while holding such shares. bonds
iebentures or other securities of any other
company or corporation to exercise all the
rights and powers of ownership thereof in
Guiding the Tight to vote thereon through
such agent or agents as the directors NAV
appoint and to distribute such shares. bonds.
1ebentures or other securities or any assets
ot such other company In specie upon a d.
vision or profits or distribution of capital
among the shareholders In any manner not
prohibited by law q; to remunerate in fully
Daid-up shares of the company any person
1rm, or company for labor done or for ser,
vices rendered or to be rendered In placing,
)r assisting to place or guaranteeing the |
placing Of any Of the bonds or shares of
he company's bonds or capital debentures
'r other securities or obligations of the |
company, or In or about the obtaining of |
oans on the company's bonds or other obli- |
cations by way of pledge or otherwise or |
or guaranteeing the payment OF any in |
iebtedness of the company, directly or in |
ilrectly, or for endorsing the company's |
tote or notes for obtaining property for the |
for the conduct of its business or |
operations, In any way |
. 1t shall have power to elect officers and |
directors, to name and appoint its mana |
,ers, agents and other EMPLOYEES and to fig |
heir compensation, and to discharge the
anne at Will; to establish and adopt such |
,y-laws rules and regulations as may be |
ieemed expedient and proper for the con- |
luct and management Of Its property and |
BUSINESS, and the same to alter, amend and |
Ibolish at pleasure to make and use a COM
non or corporate seal and the same to break |
md alter at pleasure, and generally to do |
md perform all acts and things requisite |
nd necessary to carry out the objects and |
purposes of this corporation.
ARTICLE III.
The domicile Of this corporation shall be |
n the city of New Orleans, state of Louisi- |
ma, and all citations and other legal pro-
ess shall be served on the president, and In
lis absence, on the vice-president, and In |
he absence Of both of said officers on the
ecretary or this corporation.
ARTICLE III.
The objects and purposes for which this
orporation Is organized and established,
nd the nature of the business TO be carried
n 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-
urban, or other railroad, or railroads,
ssary side tracks, switches, turn-outs, sta
Ions, docks, wharves, bridges, elevators,
warehouses;, terminals, track connections,
oles wires, conduits, etc. and to that end L
D acquire, purchase, lease, hold and own
aflroads, street railways, and tramways,
lghts-of-way, privileges, and franchises,
tc. I; and railroads, street railways and |,
ramways completed and uncompleted in the
tate or elsewhere; to erect, maintain and
perate the same, and to use all and any
ppliances, contrivances, motive power, cleo
ricity, gasoline, gas or any other motive
over, the use Of which Is or may hereafter |,
e recognized and adapted for railroads,