The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-11
CHARTER.
OF NEW ORLEANS & WESTERN Rail.
WAY COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR

a
Be it known. that on this 18th day OF the
month OF June, in the year OF our Lord, one
thousand nine hundred and twelve (l9l2) .
and of the Independence of the United
States of America the one hundred and
thirty sixth 1880, before me, Arthur Il.
Leopold, IA 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 a corporation, for
the objects and purposes, and under the
StipulatiOns and agreements hereinafter set
forth, which they hereby adopt as their
charter, to-wit:
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 900 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 it shall be and IL
Is further authorized and empowered to do
and perform any act or thing and conduct
any and 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.
1t shall have power and authority 10
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.
Ii 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
property, or by mortgage or other evidence
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
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
mp shares as may be 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 bust
ness or transaction capable of being con-
Quoted 80 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
N no M en f-n .t,N
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
or advantage may be derived by the CON-
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,
shares, interest and obligations OF the CON-
pany or in which the company may be In
terested or from which II 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 corpora
tion authorized to carry on or engaged in
carrying on the business which this COM
pduy Is dulHOTlzeu 10 carry on ana TO qua r
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 corporal ion to exercise all the
rights and powers Of ownership thereof in
GLIDING 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
OF 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..
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
Tor 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.
1t shall have power to elect officers and
directors, to name and appoint its mana
gers, agents and other employees and to FIX
their compensation, and to discharge the
same at will; 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 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
and necessary to carry out the objects and
purposes of this corporation.
ARTICLE III.
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.
The objects and purposes for which this
corporation Is organized and established.
anu the nature of the business TO be carried
on by 1t are declared to be as follows: To
locate, construct, maintain. own. lease, ope-
rate ana manage standard guage railroad
or railroads, whether urban, interurban, su-
ourDan, 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
TO 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
trlclty, 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 railway
ana tramways, and which Is necessary and
suitable to operate the same; also to ac-
cure; dlg, own, lease and operate canals,