The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-15

empowered to do and perform any act or
thlng 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.
1t shall have power to borrow money and
to 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 pro-
pertv, or by mortgage or other evidences OF
lien placed upon its franchises and property,
Of
1t shall have power to acquire or under
take the whole or any part OF the business.
property, goodwill, and liabilities of any
person, firm 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 paid-up shares OF the company or
partly in cash and partly in bonds or paid
up shares as may be agreed upon to enter
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 TO carry on or engage in any business
or transaction which the company is author
lied 10 carry on or engage in or any bust
ness or transaction capable of being con-
ducted so as directly or Indirectly to benefit
the company, and to lend money to- guaran-
tee the contracts of or otherwise assist any
such person, firm or company and to take or
hnr n sCha
ties Of any such company and to sell, pledge,
hold Issue or reissue with or without guar
antee or otherwise deal with or dispose of
the same to raise or assist in raising money
for and2<p aid by way OF bonus, loan, pro-
mise, endorsement, guarantee or otherwise
the 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
thing not prohibited by law, for the protec-
ton, preservation, Improvement or enhance
ment of the value of the property, shares,
interest and obligations of the company or
IN which the company may 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
to 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 paw |
ment Of any indebtedness of the company. |
directly or Indirectly, or for endorsing the |
companys note or notes for obtaining pro- |
perry for the company for the conduct of
Its busineiss or operations in any way.
1t shBl have power to elect officers and |
direGors, to name and appoint its managers, |
agents and other employees, and to fix their |
and to discharge the same at |
will to establish and adopt such bylaws, |
rules and regulations as may be deemed ex-
pedient and proper for the conduct and man.
agement of its property and business, and |
the same to alter, amend and abolish at
pleasure; to make and use a common 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 pur-
poses Of this corporation.
That Article III OF said charter be and
he same was amended and re-enacted so as
70 read as follows:
ARTICLE III.
The objects and purposes for which this
corporation Is organized and established, and
he nature Of the business to be carried on
~ It are declared to be as follows:
To locate. construct, maintain, own, lease,
operate, and maintain and manage a stand
lrd gauge railroad or railroads, whether ur-
,an, interurban, suburban or other railroad
n railroads, street railways and tramways,
With the necessary side-tracks. switches, II
urnouts, stations, docks, wl,arves bridges
elevators, warehouses, terminals, track con.
lections poles. wires, conduits, etc. /: and to
hat end to acquire, purchase. lease, hold
nd own railroads. street railways and tram
Ways, rights Of way, privileges and ran
hises, etc. and railroads, street railways
nd tramwaps completed and uncompleted
n the state or elsewhere to erect maintain
nd operate the same, and to use all and