The herald., 1914-03-19

or in any other lawful manner the title and
ownership to all property, real, personal and
mixed, and likewise with full power and au-
thOrty to ALLEVIATE, dispose OF, lease, rent,
sell. convey, mortgage, hypothecate, pledge or
otherwise cucumber, ITS franchises and prop
crty, 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 to Sc
cure the payment of the same or any part
thereof, by pledge or hypothecation Of prop
Crty, or by mortgage or other evidence oil 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
erty, good will and liabilities of any person,
firm 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, TO
enter into any agreement not prohibited by
law for sharing profits, union OF interests,
cooperation, joint adventure, reciprocal con-
cession otherwise, with any person, firm
company carrying on or engaged IN or
about TO carry on or engage in any business
transaction which the company is author
lied to carry or engage in, or any business
or transaction capable of being conducted SO
as directly indirectly to benefit the COM
pany, and to lend money to, guarantee the
contracts of or otherwise assist any such per
son, firm 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 I;
to raise assist in raising money for and
TO aid by way of bonus, loan, promise, en-
dorsement, guarantee or 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 OF thing not prohib-
tied by law, for the protection, preservation,
.,,ha of fha
the property, shares, interest and obligations
of the company, or i'll which the company may
be interested or from which it may derive any
benefit or advantage; to accept in payment of
any debt or debts due or owing TO the COM
pany, the stock, shares, bonds, debentures of
any other company or companies, and to use
any Of the shares, bonds, debentures 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 or 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 princi
pal and interest of the bonds, debentures or
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 all
the rights and powers OF ownership thereof,
including the right 10 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 prohib
tied by law; to remunerate in fully paid up
shares of the company any person, trm or com.
pany for labor done for services rendered
or to be rendered in placing, or assisting to
place 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 company's bonds or
other obligations by way of pledge other
wise, or for guaranteeing the payment of any
indebtedness of the company, directly or in
directly, or for endorsing the company's note
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 d.
rectors, 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,
rules and regulations as may be deemed ex-
pedient and proper for the conduct and man
agement of its property and business, and the