The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1913-07-17


subscriptions to the capital stock
such valuations and upon such terms
as may be determined by the board OF
directors and shall also have the
right to receive donations in land or
property from individuals, municipal
| tiles. counties or other corporations,
or associations of persons for the pur-
pose of aiding In the constructor,
maintenance, equipment and operation
of said railroad and its branches
That the said corporation Ior the
purpose of increasing its tra1hc anu
supplying feeders for its main ine OF
railroad and its branches shall nave
the right to construct a canal or ca
nails through either of the counties OF
hillsboro, Polk, DeSoto, Manatee, Lee
Palm Beach or st. Lucie for the pur-
pose Of connecting streams, lakes or
other bodies of water with It's SAID
main line of railroad or its branches,
and to operate said canal or canals
in connection with its said main line
of railroad and its branches; ana 10
build, construct purchase, own anc
equip canal boats, steamboats, and
other craft, and to employ them In
operating said canal or canals and In
navigating the waters OF the state and
upon the high seas and to this end the
corporation shall have all the powers
conferred by sub-chapter 5, special
provisions for railroad and canal
companies, articles 1, 2 and OF the
general statutes of the State of Flor
ida, on canal companies, and the said
corporation for the purpose OF con-
structing said canal or canals shall
have the right to enter upon and ap-
Ipropriate any lands public or private,
lying along the course of any project
ed canal and appropriate the same for
its right of way to the extent neces-
sary for the proper construction OF
canal, and to construct its said canal
over and upon the same; and for the
purpose of cuttings and entertainments
and for obtaining gravel and other
material and for the purpose OF con-
structing locks, bikes and necessary
buildings to take as much land as may
be necessary for the proper construc-
ton, operation and security OF the
canal all of said land and property
to be taken, and compensation TO De
! made therefor, in the way now, or
which may hereafter be provided by
, general law; and the said corporation
to the same end shall have the right TO
improve rivers, lakes or other water
: ways, so as to make the same naVl-
, gable for boats or RATS and shall have
} the sole right to navigate and make
/ use of the streams, lakes and water
ways so improved by it, but In accord
lance with the laws of this state and
of the United States, and to operate
, and float it's boats, craft and rafts
thereon; and the said corporation Tor
: the purpose of improving said
streams, lakes and waterways shall
, | have the right to enter upon and ap-
) propriate any lands, public or private
= living along or under any streams
! lakes or waterways and OF making II
: or them navigable as aforesaid; AMI
l for the purpose of cuttings and en-
D bankments and for obtaining grave
= and other material, and for the pur'
: pose of constructing locks, dikes and
{ other necessary structures or build
! ings, to take as much land rs may
! be necessary; all of said land ant
= property to be taken and compensa'
!. ton to be made therefor, in the man
7 ner prescribed by the constitution ant
0 laws of the State of Florida. !.
3 That the said corporation shall
have the power and right to engage
9 in and carry on any lawful business
j of a public or private nature Whlcl
4 may in any wise aid 1t In the success
: full and profitable operation Oh it'
q said main line of railroad ana III
e branches, or its canals, or in furnish
: ing it with passenger or frelgh
4 traffic by the development OF the re
: sources of the country through whicl
!. it's main line Of railroad ana III
: branches or canals runs.
! That the said corporation shall d.
r entitled to all the privileges, rights
a and immunities conferred by sub
! chapter S, special provisions for rail-
a road and canal companies, articles
2 and 8 of the general statutes or TN
. State of Florida, on railroad incorpor
d alton Hereunder.
. That the said corporation snail nav
d the right to drain any lands now o
d hereafter owned by it, as provided D.
J. the constitution and the laws or tn
y state of Florida.
That said corporation shall hav
II the right to erect, equip and main
o tain and operate an electric TELEGRAPH
r or telephone line, or lines, or potI
d along the line of its MAIN line OF ran
q road and its branches or Its canals 10
b the transaction of commercial teie
r graph or telephone business or potn
d if it shall so desire.
Il That the board of directors OF SAL
y corporation shall have the power ant
! right to mortgage its main line 0
e railroad, it's branches, roadbed ant
9 property of every kind, its franchises
b including all lands now owned by !,
Q or that may hereafter be owned by i
y bv purchase, donation, gift or other
g wise, and to issue bonds secured .
e said mortgage or mortgages, in sue
e sums as said board of directors shal
i determine; and to sell and to dispos
S of the same for such consideration an