The herald. [volume] (New Orleans, La.) 1905-1953, 1914-04-09

mr. IN any other lawful manner the title and
ownership to all property, real, personal ana
mixed, and likewise with iuIl power anu au
thority to ALLEVIATE, dispose Of, lease, rent
sell, convey, mortgage, hypOthecate, pledge or
otherwise cucumber, its franchises ana prop
erty, 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, ana 10 Sc
cure the payment OF the same or any part
thereof, by pledge or hypOthecatlon OF prop
erty or BY mortgage or other evidence OF lien
placed upon its franchises and property, real,
personal and mixed, or any part thereof.
1t shall have power to acquire or UNDERTAKE
the whole or any part OF the business, prop
ertv, good will and liabilities OF any person,
firm or corporation carrying on any portion
OF the business which the corporation IS au-
thorized 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 as may be agreed upon; 10
enter into any agreement not prompted by
law for sharing profits, union OF interests,
cooperation, Joint adventure, reciprocal con
cession or otherwise, with any person, hrm
or company carrying on or engaged III OF
about to carry on or engage IN any ousin n
or transaction which the company Is author
lied 10 carry on or engage IN, or any business
or transaction capable OF being conducted SO
as directly or indirectly to beneht the COM
pany, and to lend money to, guarantee the
contracts of or otherwise assist any such per
son, firm or company and to take or other-
wise acquire shares, bonds and securities OF
any such company, and to sell, pledge, hoId,
issue or reissue with without guarantee or
otherwise, deal with or dispose OF the same
to raise or assist in raising money for and
to aid by way of bonus, loan, promise, en-
dorsement, guarantee otherwise, the per-
Torrance of contracts or for any transaction
from which any benefit or advantage may be
derived by the company for ITS corporate Pur-
poses, and to do any act or thing not prohiO-
tied by law, for the protection, preservation,
INN enhancement
the property, shares, interest and obligations
of the company, or i'll which the company may
be interested or from which 1t may derive any
benefit or advantage; to accept in payment OF
any debt or debts due or owing 70 the com
pany, the stock, shares, bonds, debentures OF
any other company or companies, and TO use
any of the shares, bonds, debenturcS or other
securities or the funds of the company to pur'
chase or otherwise acquire and to take hold
assign. transfer sell the shares, bonds,
debentures or other securities OF OF IN any
company or corporation authorized to carry
on or engage in carrying on the business
which this company is authorized to carry on
and to guarantee the payment OF the prlnci-
pal and interest of the bonds, debentures OF
dividends upon the shares of such company
or corporation, and while holding such shares
bonds, debentures or other securities OF any
other company or corporation TO exercise al
the rights and powers OF ownership thereof
including the right TO vote thereon through
such agent or agents as the directors may ap
point, and to distribute such shares, bonds
debentures or other securities or any assets
Of such other company in specie upon divi
sion of profits or distribution of capital among
the shareholders in any manner not prohb
tied by law; to remunerate in fully paid vi
shares of the company any person, trm or com
pany for labor done or for services rendered
or to be rendered, in placing, or assisting Il
place guaranteeing the placing OF any o
| the bonds or shares of the company's bond
| or capital, debentures other securities o
| obligations of the company, or in or about TIT
| obtaining of loans on the companys bonds o
| other obligations by way of pledge or other
wise, or for guaranteeing the payment OF an,
! Indebtedness of the company, directly or in
| directly, or for endorsing the company's not
or notes for obtaining property for the com
| pany for the conduct of its business or opera
! tions, in any way. .
! 1t shall have power to elect officers and di
| rectors, TO name and appoint its managers
agents OF other employees, and to FIX thei
! compensation, and to discharge the same a
will; TO establish and adopt such bylaws
/ rules and regulations as may be deemed eS
pcdient and proper for the conduct and man
agement of its property and business, and tn