The herald., 1912-08-15
CHARTER.
OF NEW ORLEANS & WESTERN RAIL-
WAY COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR

-.
BE 1t known, that on this 18th day of tn,
month OF June, in the year of our Lord, en-,
thousand nine hundred and twelve (l912)
ana OF the independence of the United
STATES OF America the one hundred anC
thirty-sixth 1880, before me, Arthur b
Leopold, notary public, In and for tn,
parish or Orleans, state Of Louisiana, duly
commissioned and qualified, and in the pres
ence OF the witnesses hereinafter named anC
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 oil
tne provisions of the general laws OF this
state, relative to the formation Of corpora
lions, they do by these presents form them
selves into and constitute a corporation for
the ohlects and purposes, and under the
stlpuiations and agreements hereinafter sci
forth, which they hereby adopt as their
charter, to-wit:
ARTICLE l..
The name of this corporation shall he
SEM ORLEANS & WESTERN RAILWAY
COMPANY,' and under its corporate name
1t 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 il shall be and il
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 nave power and authority TO
mold 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
wise with full power and authority to alien
ate, dispose Of lease, rent, sell. convey.
mortgage, hypothecate, pledge or otherwise
encumDer, Its franchises and property, real
personal and mixed, or any part thereof
IL snail nave power TO 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
OF lein placed upon its franchises and pro-
perry, real, personal and mixed, or any part
thereof F
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
or property suitable for the purposes of the
company and 10 pay for the same In cash,
ponds, 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
Ior 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 to carry on or engage in any business
or transaction which the company is author
lzed 10 carry on or engage in, or any bust
ness or transaction capable OF being con-
Quoted so as directly or Indirectly to bene ft
the company, and to lend money to, guar
ahtee the contracts of or otherwise assist
any such person, firm or company and to
take or otherwise acquire shares bonds and
securities or 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 in rails
ing money for and to aid by way of bonus
loan, promise, endorsement. guarantee or
otherwise, the performance of contracts or
Tor any transaction from which any benefit
OF advantage may be derived by the COM
pany Tor Its corporate purposes, and TO do
any act or thing not prohibited by law. for
tne protection, preservation, Improvement or
enhancement OF the value of the property.
Snares, interest and obligations OF the COM
pany or in which the company may be in
terested or from which it may derive any
dement, or advantage; to accept In payment
or any debt or debts due or owing to the
company the stock, shares, bonds, deben-
lures of 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
curities of or in any company or cornora-
tlon 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 of the bonds, debentures or dividends
upon the shares of such company or como
ration and while holding such shares, bonds
debentures or other securities of any other
company or corpora ton TO exercise all tha
rights and powers. of ownership thereof in
cluding the right to vote thereon through
SUCH agent or agents as the directors NAV
appoint and to distribute such shares, bonds.
debentures or other securities or any assets
other N At
vision OF profits or distribution of capftal
among the shareholders in any manner NOT
prohibited by law; to remunerate in fully
pald-up shares OF the company any person,
nrm, or company for labor done or for ser,
vices rendered or to be rendered in placing,
or assisting to place or guaranteeing the
pacing or any OF the bonds or shares OF
the eompany'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 obli-
cations by way OF pledge or otherwise or
LOT guaranteeing the payment Of any in
deDtedness OF the company, directly or in
directly, or for endorsing the company's
note or notes for obtaining property for the
for the conduct of its business or
in any way.
1t 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
deemed expedient and proper for the con-
duct and management of its property and
business, and the same to alter amend and
abolish at pleasure; to make and use a COM
mon or corporate seal and the same to break
and alter at pleasure, and generally TO do
and perform all acts and things requisite
and necessary to carry out the objects and
purposes Of this corporation.
ARTICLE III.
The domicile Of this corporate shall be
in the city of New Orleans, state of Louisi-
ina, and all citations and other legal pro-
cess shall be served on the president and In
his absence, on the vice-president and in
the absence OF both of said officers on the
Of this corporation
ARTICLE III.
The objects and purposes for which this
corporation Is organized and established
Ind the nature of the business to be carried
IN by 1t are declared to be as follows To
ocate, construct, maintain, own, lease ope-
ate and manage standard guage railroad
'r railroads, whether urban, interurban, su-
,urban, or other railroad, or railroads,
street railways and tramways, with the nee
essary side tracks, switches, turn-outs, sta
ions, docks, wharyes, bridges, elevators,
warehouses, terminals, track connections,
o acquire purchase, lease, hold and own
street railways, and tramways,
ights-of-way, privileges, and franchises,
'tc. 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
appliances, contrivances. motive power, cleo
richly, gasoline, gas or any other motive
'ower, the use of which Is or may hereafter
'e recognized and adapted for railroads,
whether urban, interurban, suburban or
ther railroad or railroads, street railways
md tramways, and which is necessary and
uitable to operate the same also to &C.
uire, dig, own, lease and operate canals,