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

LEANS, CITY OF NSW ORLEANS
De known, that on this 18th day of tn,
nsonth OF June, In the year of our Lord. on,
ana nine hundred and twelve 1912)
Snu OF the Independence of the United
States OF America the one hundred an(
Inirty,slxth 1880, before me, Arthur b
neoIpSSid, a, notary public, in and for the
IparlSn or Orleans, state of Louisiana dnII
commissioned and qualified, and in the pres
ence or the witnesses hereinafter named ana
4 Undersigned, personally came and appeared
tne persons whose names are hereunto sub
scri6ed all residents of this city. who sew.
eFaIy declared that availing themselves OF
tue provisions of the general laws of This
STATE, relative to the formation of CORPORA.
toIns, they do by these presents form them
| selves INTO and constitute a corporation for
the objects and purposes, and under the
sllpuiations and agreements hereinafter SET
lprtn, which they hereby adopt as their
ARTICLE I.
Inc name of this corporation shall be
NEM ORLEANS & WESTERN RAILWAY
o,toMPANf, and under its corporate name
nonf Sn1il exist ana have succession for a
perlOa OF ninety-nine (99) years from date
hereor, and IL shall have and exercise for
lne purpose OF its business, all the powers.
riishis ana privileges conferred by law ON
sIHiiar corporations, and it shall be and IL
Is further authorized and empowered 10 do
anu perform any act or thing and conduct
any ana all business usually connected with
anu pertaining TO the affairs and business
when Is not specially prohibited by law.
~ snail have power and authority TO
hoId, own, receive and purchase and law
tuiIy 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
u T'o dispose or, lease, rent. sell, convey,
mortgage, hypothecate, pledge or otherwise
cucumber, its franchises and property. real
personal and mixed, or any part thereof.
L snail nave power 10 borrow money, and
10 issue notes, bonds and other evidences
Of Indebtedness from time TO time and 70
secure the payment of the same or any
part thereof, by pledge or hypothecat jon az
pr properly, or by mortgage or other evidence
OF leln placed upon its franchises and nro
thereof VI any par
1t shall have power to acquire or under
Iake 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 cornors
tlon Is authorized to carry on or nosSpSsad
Vi property suitable for the purposes Of the
company and TO pay for the same in cash
Oohds, or paid-up shares of the company or
partly In cash and partly in bonds or maid
UP shares as may be agreed upon to enter
tn auo any agreement not prohibited by law
LOT Sharing profits, union OF Interests CO. |
operation, joint adventure. reciprocal con-
cesslon or otherwise, with any person firm
OF company carrying on or engaged in or |
ioo .. 10 carry on or engage in any business |
OF transaction which the company is author-
ILeu 10 carry on or engage In, or any bust |
ness or transaction capable Of being CON |
quoted so as directly or Indirectly 10 banatit |
,nt e'uiPdhy, ana to lend money TO, guar |
ihtee the contracts of or otherwise assist |
any such person, firm or company and to |
take or otherwise acquire shares bonds and
seecgrlties or any such company, and to sell, |
pItuSe, hold, issue or reissue with or with |
out guarantee or otherwise deal with or lis
pose OF the same; TO raise or assist in rails
ing money Tor and to aid by way of bonus |
iodn, promise, endorsement, guarantee or |
,,tnerWls''' the performance OF contracts or |
Tor any transaction from which any b.n.ft /
Dr advantage may be derived BY the com
pany Tor its corporate purposes and 70 do |
my act or thing not prohibited by law, for
Ine protection, preservation, Improvement or |
MANAGEMENT of the value of the pronartv
shares, interest and obligations OF TN. com,
pany or in which the company NAV he In.
ad or from which it may derive any
Dehent or advantage; to accept In payment |
d any debt or debts due or owing 10 the
company the stock, shares, bonds, deb.n-
.ures or any other company or COMPANIES
i inu 10 use any OF the shares. bonds, deben-
ures or other securities or the funds of the
company to purchase or otherwise ACQUIRE
ina TO take, hold, assign transfer or sell
ne shares, bonds, debentures or other Sc
inr ,'ies pI or IN any company or corpora
Iou authorized TO carry on or engaged in
ARRIVING on the business which this com
AMY Is authorized to carry on and 10 Omar
nice the payment OF the principal and in
crest or the bonds, debentnres or dividends
lpon the shares of such COMPANY or corno
alton and while holding such shares bonds
lebentures or other securities of any other
iDIlpany or corporation to exercise all the
ights and powers of ownership thereof n,
luding the right to vote thereon throupb
uch agent or agents as the directors NAV
ppoint and to distribute such shares bonds
eoentnres or other securities or any assets
4 such other company In specie upon a di
lslon or prohts or distribution of caDital
mong the shareholders in any manner NOT
rohlDited by law; to remunerate in fully
a aI shares OF the company any person,
rm, or company for labor done or for SER
ices rendered or to be rendered in placing. |
assisting TO place or guaranteeing the
laclng OF any OF the bonds or shares on
nc oYnpany ponds or capital, debentures !
other securities or obligations of the :
ompahy, or in or about the obtaining of
'ans on the companys bonds or other obli- ,
atlons by way OF pledge or otherwise or ! !
~ 81. guaranteeing the payment OF any in !
eDtedness OF the company, directly or in
lrectly, or for endorsing the company's !
ole or notes for obtaining property for fhe g
)mpany for the conduct of its business or e
peratlons, in any way.
1t shall have power to elect officers and o
lrectors, to name and appoint its mana |
ers, agents and other employees and TO AZ !
lelr compensation, and to discharge the {
lme at VIII; TO establish and adopt such y
FLAWS. rules and regulations as NAV be d
eemed expedient and proper for the con- y
lct and management OF Its property and y
lsiness, and the same to alter, amend and a
DoIlsh at pleasure; to make and use a com
on or corporate seal and the same to break
no alter at pleasure, and generally TO do :
"a perform all acts and, things requisite z
lrposes of this corporation a
ARTICLE H.
The domicile Of this corporation shall he =
the city Of New Orleans, state of Louisi- y
Ia, and all citations and other legal pro- u
IS snail be served on the president. and in u
S absence, on the yice-president. and in -
e absence OF both of said officers on the a,
cretary OF this corporation. y
ARTICLE Ill .
The objects and purposes for which this d
operation Is organized and established a
ID the nature OF the business to be carried
by 1t are declared TO be as follows: To
cate, construct, maintain, own, lease. ope-
lie and manage a standard guage railroad -
railroads, whether urban, interurban, SUI -
rDan, or other railroad, or railroads ~
rect railways and tramways, with the nee ~
sary side tracks, switches, turn-outs sta
ms, docks, wharves, bridges, elevators ~
lrehouses, terminals, track connections, q,
les, wires, conduits etc. and to that end al
acquire purchase, lease, hold and OWE
ilroads, street railways, and tramways. .,
,hts-of-way, privileges, and franchises, 80
=. and railroads, street railways and -
anyways completed and uncompleted In the o.
tie or elsewhere; to erect, maintain and "a
crate the same, and to use all and any &c
pifances, contrivances. motive power, cleo =.
city, gasoline, gas or any other motive ~
wer, the use OF which Is or may hereafter VI
recognized and adapted for railroads. A.,
lether urban, interurban, suburban or ~
ler railroad or railroads, street railways ~