The herald., 1912-07-04
CHARTER.
OF NEW ORLEANS K WESTERN RAIL
WAY COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR

n
OF LOUISIANA, PARISH OF OR
LEANS, CITY or NEW ORLEANS.
Be IL known, that on this 18th day or the
month of June, in the year of our Lord. one
thousand nshe hundred and twelve (l912).
and of the independence of the United
States of America the one hundred and
thirty-sixth I36), before me, Arthur Il.
Leopold, "A notary public, in and for the
parish of Orleans state OF Louisiana, duly
commissioned and qualified, and in the pres
ence of 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
tionS, they do by these presents form them
selves into and constitute corporation, for
the objects and purposes and under the
stipulations and agreements hereinafter set
forth, which they hereby adopt as their
charter, to-wit:
ARTICLE |.
The name OF this corporation shall be
NEW ORLEANS X 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 il 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 ii
is further authorized and empowered to do
and perform any act or thing and conduct
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 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
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 10
secure the payment of the same or any
part thereof, by pledge or hypothecation of
of lein placed upon its franchises and pro-
perty. real, personal and mixed, or any part
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, firm or corporation carrying on any
portion of the business which the corpora
tiOn 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 De agreed upon to enter
into any agreement not prohibited by law
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 to carry on or engage in, or any busi-
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
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
for any transaction from which any benefit
or advantage may he derived by the COM
pany for 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,
pany or in (which the company may be in
terested or from which II may derive any
bene1t or advantage; to accept in payment
OF 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 10 take, hold, assign, transfer or sell
the shares, bonds, debentures or other Sc
curities of or in any company or corpora
tion 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 corpo-
ration and while holding such shares, bonds
debentureS or other securities of any other
company or corpora tiOn to exercise all the
rights and powers Of ownership thereof. in
cluding the right to vote thereon through
such agent or agents as the directors may
n Inf and Afefr fI.UVNA II,
debentures or other securities or any assets
of such other company in specie upon a di.
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.
firm or company for labor done or for ser
vices 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 cOmpanys bonds or other Obli-
cations by way Of pledge or otherwise or
for guaranteeing the payment Of any in
debtedness OF the company, directly or in
directly, 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.
IL shall have power to elect officers and
directors, to name and appoint its mana
gers, agents and other employees, and to fix
theH compensation, ana 10 discharge the
same at VIII; TO esta and adopt such
bylaws. rules and regulations as may be
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 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 H.
Inc 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
MS absence on the vice-president, and in
the absence Of both of said officers on the
secretary or this corporation.
ARTICLE III.
Ihe objects and purposes for which this
corporation Is organized and established
ana the nature of the business TO be carried
on on Dy IL are declared to be as follows: To
Ocdte, construct, maintain, own, lease ope-
rate and manage a standard guage railroad
or railroads, whether urban, interurban su-
DurDan, or other railroad, or railroads
street railways and tramways, with the nee
essary side tracks, switches, turn-outs, sta
lions, docks, wharves, bridges, elevators
warehouses, terminals, track connections
poles, wires, cOnduits, etc. and to that end
10 acquire, purchase, lease, hold and own
railroads, street railways, and tramways
rights-of-way, privileges, and franchises
etc and railroads, street railways and
tramways completed and uncompleted In the
state or elsewhere; to erect, maintain and
operate the same, and TO use all and any
Appliances, contrivances. motive power. cleo
trlcity, gasoline, gas or any other motive
power, the use of which is or may hereafter
De recognized and adapted for railroads.
whether urban, interurban, suburban or
other railroad or railroads, street railwa VS.
ana tramways, and which is necessary and