The herald. [volume] (New Orleans, La.) 1905-1953, 1912-08-01
CHARTER.
OF NEW ORLEANS 4 WESTERN Rail-.
WAY COMPANY.
UNITED STATES OF AMERICA. STATE
OH LOUISIANA PARISH OF Or

~ SHOWN, tnat on this 1Tth day OF the
month OF June, In the year of our Lord, one
thousand nine hundred and twelve (1912).
ana or the Independence of the United
states OF America the one hundred and
thlrty,sixth 1880, before me, Arthur B.
Leopold, notary public, in and for the
parish OF 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
scrlbed, 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
stipulations and agreements hereinafter set
I0rth, which they hereby adopt as their
charter, to-wit:
ARTICLE l..
Inc name or this corporation shall be
NEW ORLEANS x WESTERN RAILWAY
ooMPANf, and under its corporate name
1t shall exist and have succession for q
period or nInety-nine (99) years from date
hereof, and Ii 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
ana pertaining to the affairs and business
as set forth in Article III of this charter,
which Is not specially prohibited by law
lt shall have power and authority to
nOld, own, receive and purchase and law
Iully acquire by deeds of conveyance, cor
tract, lease, rental or in any other lawful
manner the title and ownership to all pro-
perty, real, personal and mixed, and like
wise with full power and authority to alien
ale, dispose or, lease, rent, sell, convey,
mortgage, hypothecate, pledge or otherwise
cucumber, its franchises and property, real,
personal and mixed, or any part thereof.
IL shall have 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 thereof, by pledge or hypothecation Of
property, or by mortgage or other evidence
OF ieln placed upon its franchises and pro-
thereof
IL shall have power to acquire or under
take the whole or any part OF the business
property, good will, and liabilities OF any
person, firm or corporation carrying on any
portion or the business which the CORPORA
ton 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 patd-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
Ior Sharing profits; union OF interests, CO.
operation, joint adventure, reciprocal con-
cessfon 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
the 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.
our guar ntee or otherwise deal with or dis
pose or the same; to raise or assist In rails
ing money Tor and to aid by way Of bonus
loan, promise, endorsement guarantee or
otherwise, the performance OF contracts or
dor any transaction from which any benefit
or advantage may be derived BY the com
psny Tor Its corporate purposes, and to do
any act or thing not prohibited BY law. for
the protection, preservation, improvement or
shares, interest and obligat lions of the com,
pany or In which the company NAV be in
terested or from which 1t may derive auy
benefit or advantage; to accept in payment
OF 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 70 purchase or otherwise acquire
and to take, hold, assign, transfer or sell
the shares, bonds, debentures or other Sc
curltles OF or In any company or CORPORA
ton authorized to carry on or engaged in
carrying on the business which this COM
pany Is authorized to carry on and to guar
antee the payment of the principal and In
terest or the bonds, debentures or dividends
upon the shares of such company or corpo-
ration and while holding such shares. bonds,
debentures or other securities Of any other
company or corporation to exercise all the
rights and powers Of ownership thereof in
Guiding the right to vote thereon through
such agent or agents as the directors may
appoint and to distribute such shares, bonds.
debentures or other securities or any assets
or such other company in specie upon a d.
vision OF profits or distribution Of capital
among the shareholders in any manner not
prohibited BY law; to remunerate In fully
paid-up shares of the company any person,
nrm, or company for labor done or for ser
vices rendered or to be rendered IN placing,
OF 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 obi
cations by way of pledge or otherwise or
for guaranteeing the payment Of any in
debtedness OF the company directly or in
or for endorsing the company's
note or notes for obtaining property for the
company for the conduct OF its business or
operations, In any way.
Ii shall have power to elect officers and
to name and appoint its mana
gers, agents and other employees, and to FIX
their compensation, and to discharge the
same at VIII; to establish and adopt such
bylaws. rules and regulations as NAV be
deemed eIpedient and proper for the con-
uuct anu management OF ltS property and
business, and the same to alter, amend and
abolish at pleasure to make and use a CON-
mon or corporate seal and the same to break
and alter at pleasure, and generally to do
and perform all acts and things requisite
ana necessary to carry out the objects and
purposes Of this corporation.
ARTICLE III.
The dOmicile Of this corporation shall be
in the city of New Orleans, state of Louisi.
ana, and all citations and other legal pro-
cess shall be served on the president, and In
bis absence, on the vice-president, and In
the absence Of both of said officers on the
secretary OF this corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and established.
and the nature of the business TO be carried
on by Ii are declared to be as follows: To
locate, construct, maintain, own, lease ope-
rate and manage a standard guage railroad
or railroads, whether urban, interurbap, su-
burban, or other railroad, or railroads,
street railways and tramways, with the nee
essary side tracks, switches, turn-outs sta
tions, docks, wharves, bridges, elevators,
terminals, track connections
poles, wires, conduits etc. and to that end
to acquire, purchase, lease, hold and own
railroads, street railways, and tramways,
ETC.; and railroads, street railways and
tramways completed and uncompleted In the
state or elsewhere; to erect, maintain and
operate the same, and 10 use all and any
appliances, contrivances, motive power, cleo
tricity, gasoline, gas or any other motive
power, the use of which Is or may hereafter
be recognized and adapted for railroads,
whether urban, interurban, suburban or
other railroad or railroads, street railways
and tramways, and which Is necessary and
suitable to operate the same; also to ac-
quire, dig, own, lease and operate canals