The herald., 1914-04-02

or in any other lawful manner the title and
ownership 10 all property, real, personal and
mixed, and likewise with full power and au-
thgrty to alternate, dispose or lease, rent,
sell convey, mortgage, hypothccatc, pledge or
otherwise cucumber, its franchises and prop
crty, real, personal and mixed, any part
thereof.
II shall have power to borrow money, and
20 issue notes, bonds and other evidences OF
Indebtedness from time to time, and TO Sc
cure the payment OF the same or any part
thereof, by pledge or hypothecation Of prop
crty, or 10y mortgage or other evidence OF lien
placed upon its franchises and property, real,
personal and mixed, or any part thereof.
II shall nave power TO acquire or unC sTt4 Nc
the whole or any part OF the business, prop
erty, good will and Liabilities Of any person,
firm corporation carrying on any portion
Of the business which the corporation IS au-
thorlzcd 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; TO
enter INTO any agreement not prohibited by
law tor sharing profits, union OF interests,
cooperation, joint adventure. reciprocal con-
ceSSlOn OF 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
lzed to carry on or engage in, or any business
or transaction capable OF being conducted so
directly or indirectly to benefit 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, hold
issue or reissue with or without guarantee or
otherwise, deal with or dispose OF the same !:
10 RAISE or assist in raising money for and
TO aid by way OF bonus, loan, promise, en-
dorSement, guarantee or otherwise, the per-
Torrance Of contracts 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 prohib-
lted by law, for the protection, preservation,
improvement or enhancement Of the value OF
the property, shares, interest and obligations
OF the company, or in which the company NAV
be interested or from which it may derive any
dement, or advantage; TO accept in payment Of
any debt or debts due owing to the COM
pauy, the stock, shares, bonds, debentures of
any other company or companies, and to use
any Of the shares, bonds, debe bentures or other
securities or the funds Of the company to pur-
chase or otherwise acquire and to take, hold,
assign, transfer or sell the shares, bonds,
debentures or other securities of or in any
company or corporation authorized to carry
on or engage in carrying on the business
and TO guarantee the payment of the prinCi-
pal and interest OF the bonds, debentures or
dividends upon the shares of such company
or corporation, and while holding such shares
bonds, debenturcs or other securities Of any
other company corporation TO exercise all
the rights and powers of ownership thereof
including the right to vote thereon through
such agent or agents the directors NAV ap-
point, and 10 distribute such shares bonds
debentures or other securities or any assets
Of such other company in specie upon a divi-
sion of profits or distribution of capital among
the shareholders in any manner not prohib-
tied by law; to rcmunerate in fully paid up
shares OF the company any person, firm or com.
pany for labor done or for services rendered
Dr to be rendered, in placing, or assisting TO
place or guaranteeing the placing of any Of
he bonds shares Of the company's bonds
)r capital, debentures or other securities or
Obligations of the company, or in or aboIt the
obtaining of loans on the company's bonds or
1ther obligations by way of pledge or other
wise, or for guaranteeing the payment of any
indebtedness of the company, directly or in
iirectly, or for endorsing the company's note
'r notes for obtaining property for the COM
'any for the conduct Of its business or opera
ions, in any way.
1t shall have power to elect officers and d.
ectorS, to name and appoint its managers, |
agents or other employees, and to fix their
compensation, and to discharge the same at
will; to establish and adopt such bylaws, !
ules and regulations as may be deemed ex- !
'edlent and proper for the conduct and man. !
lgement Of its property and business, and the |