The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-07-06

with the necessary turn-ouss. sidings and
switches and other conveniences in further
aHce Of the objects Of It's connections; and
70 make suitable arrangements with suen
other railroad concerning the thing to be done.
or after II has been done. in accordance Win
law and lis duty to the public and such Other
railroad
To purchase. lease or otherwise secure, any
railroad, steamship company or other systems OF
Transportation, for merger or use In con1une-
ton with this railroad; or to consolidate WIN
any company within or without this State.
To acquire the property in whole or In part
by purchase lease or otherwise. Of any other
railroad, and TO acquire by purchase, lease
or otherwise, and TO own and operate, steam
boats or other vessels for the carrying OF per-
sons and property in conjunction witt this
railroad.
To purcis--s or otherwise secure. CAPITAL
stock Of any other corporation for any pur-
pose which may aid this corporation
To purchase, lease otherwise acquire,
rolling stock, and 70 sell. lease or otherwise
dispose Of rolling stock owned by this corpor-
alton, upon such terms and conditions as may
be determined by the Board Of Directors.
To buy, lease or otherwise secure q power
site. and TO develope the same for the gener-
alton Of electrical energy.
To construct. maintain and operate any sys-
tenn Of electrical transmission along the line
Of this railroad or any Of Its branches, switch
es or turn -outs, and across any stream OF
water. water course, street. highway or canal
crossed By this railroad or any extension
thereof. or elsewhere, and 70 sell or otherwise
dispose OF electrical energy for any purpose
and use.
To establish, operate and maintain. deliv-
cry systems within any city or town, or out
Of any points, for the accommodation and trans
portaton OF persons and property.
To lay out grounds and parks necessary or
helpful to the purposes Of this corporation. and
to maintain thereon any manner Of buildings
or Improvements for the accommodation Of Its
patrons
! stances upon the lands Of this corporation and
to market the same.
To receive and hold franchises, licenses, con-
cessions grants Of any nature, for any
, purpose; and TO exercise the rights Hereunder.
, To sell, improve manage, devel0pe, ex-
| change, lease, dispose Of, turn to account or
, otherwise deal with all or any part OF the
property and rights OF the corporation.
To take convey and transport persons and
, property over its railroad by the force OF
, steam, animals, electricity. mechanical power.
or any motive power efficient for the purpose.
whether it be liquid, gaseous or in other form,
, for compensation, and to do all such other
business as may be properly incident, connect
, ed with or required OF railroad companies,
, interurban and suburban lines, street railways,
or companies serving a purpose similar to and
like the purpose OF this corporation. The oper-
atiOns Of this railorad are primarily intended
j to be interstate, but it shall have the pow
er also to do all such interstate business as
" be properly received by or tenoered TO 1t.
, To invest, pledge, cucumber or mortgage,
real or personal property held in any man.
ner; 10 cover assets or any operation Of the
| corporation by mortgage or deed OF trust
and issue bonds against the same and 10
, arrow such sums Of money at such rate Of
interest and upon such terms as this corpor-
rights, privileges, franchise, immunlties, ma
! chimes, houses, rolling stock, furniture. tools.
! implements, appendages and appurtenances
used in connection with Its railroad in any
, manner whatsoever then belonging TO this cor
/ poration, or which shall hereafter belong 10
It. as security for any bonds. debts or sums
OF money as may be secured by such trust
Ceed or mortgage, as II shall think proper;
and In case Of sale Of Its railroad or any part
thereof, constructed or in course OF construc-
ton by It, by virtue Of any trust, deed Of any
foreclosure Of any mortgage thereon. the party
or parties acquiring title under such and their
associates, successors and assigns, shall have
acquire thereby, and shall exercise, and
: enjoy thereafter the same rights, privileges,
hgrants, franchise. immunites and advantages
. in or BY said trust deed or mortgage enumer-
ated and conveyed which belonged 10 and
. were enjoyed by this corporation, so far as
+ the same relates or appertains To that portion
: of the railroad or the line thereof mentioned
1 or described and conveyed by said mortgage
: lor deed Of trust, and no further Is fully and
/, absolutely In all respects this corporation
4 might or could have DONE had not such sale
or purchase taken place
1 Article w.
: The authorized capital Of this corporation
shall be seven hundred thousand dollars. d.
' ylded into seven thousand shares Of the par
. value Of one hundred dollars each
The capital stock shall be paid In cash.
property, labor services, or by either or any,
] at just valuation to be fixed by the incor-
!, porators, or by the directors at a meeting
' called for such purposes. Property labor or
services, may be also paid for with capital
: stock at q Just valuation Of such property.
labor or services. to be fixed by the directors
u the corporation at meeting called for such
! poses.
The capital stock Of this corporation may at
any time hereafter be increased or decreased
as provided by the laws Of the State Of Flori-
ida.
Article W
The period OF corporate existence shall be
unlimited and perpetual.
Article VI.
The business Of the corporation Is TO be
conducted by Board Of not less than 1--WE
or more than nine directors a president q
yice-presdent or vice-presidents, a general
manager, secretary, and a treasurer any
two Of which OFFICES may be held by one per-
lSon, save that the president shall not be vice.
president or the secretary the treasurer, or
vice-versa; and such other Officers as the
business OF the corporation shall require.
The following persons shall constitute the
Board Of Directors, to wit: ]. L. Wilson, y.
W. DeMart. G. A. Wilson, E. B. Nelson and
A. X. Erickson: and the officers shall be
j. L. Wilson, President
+. B. Nelson, vice-prssident and General
Manager.
@. A. Wilson, Treasurer.
A. X. Erickson, Secretary.
pending or until the regular annual election Of
directors and officers by the stockholders,
f which said regular annual election shall be
held OH the third Tuesday in January, In
leah and every year.
Article VII.
The highest amount Of Indebtedness or LA
bility which this corporation can at any time
! subject itself TO. shall be three million dol
E liars.
Article VII.
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