The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-06-24

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
pOrtation Of persons an0' 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
To secure for market any substance or sub
stances upon the lands OF this corporation and
to market the same.
! To receive and hold franchises, licenses, con-
cessions or grants Of any nature, for any
purpose; and to exercise the rights Hereunder.
To sell. improve, manage develope, 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
seam, animals, electricity, mechanical power,
or any motive power efficient for the purpose,
whether II be liquid, gaseous or in other form,
Tor 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-
to be intrastate, but II shall have the DOW
er also TO do all such interstate business as
~ be properly received by or rendered to It,
To invest, pledge, cucumber or mortgage.
cal or personal property held In any man
her; TO cover assets or any operation OF the
corporation by mortgage or deed Of trust
ana issue bonds against the same; and 10
,rrow such sums Of money at such rate of
interest and upon such terms as this corpor.
alton or its Board Of Directors shall author
ize or agree upon and may deem necessary or
expedient, and to execute one or more mort
cages or deeGs Of trust, or both as the &C.
casion may require for the amount ar
amounts borrowed or owing by the Corporation
and this corporation may make such proyis-
ions In such mortgage or deed Of trust for
transferring Its railroad track, depots grounds
RIGHTS, privileges, franchise, immunities 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
i. as security for any bonds debts or sums
o. money as may be secured by such trust
Leed or mortgage, as IL shall think proper.
and In case Of sale Of its railroad or any mart
.,lereoI, constructed or In course Of construc-
uon Dy II, by virtue Of any trust deed or of any
foreclosure OF any mortgage thereon, the party
OF parues acquiring title under such and their
associates, successors and assigns, shall have
acquire thereby, and shall exercise. and
ENJOY thereafter the same rights, privileges.
grants franchise, immunities 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
me same relates or appertains to that portion
OF the railroad or the line thereof mentioned
or described and conveyed by said mortgage
OF deed OF trust, and no further, as fully and
absolutely In all respects as this Corporation
might or could have done, had not such sale
or purchase taken place
Article w.
The authorized capital Of this corporation
snali be seven hundred thousand dollars, al
Slded into seven thousand shares Of the mar
value OF one hundred dollars each.
The capital stock shall be paid I'm cash
property, labor or services, or by either or anv
at a Just valuation to be fixed BY the incor'
porators, or by the directors at A maatlro
calico FOR such purposes. Property. labor or
services, may be also paid for with capital
STOCK at Just valuation Of such pronsrtv
LABOR or services, TO be fixed by the dIrectors
tne corporation at a meeting called for such
me capital stock Of this corporation NAV NJ
any time hereafter be increased or decreased
as provided by the laws Of the State OF F1or,-
Article v.
Inc period Of corporate existence shall ha