The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-03-21
John r. STEELE.
HUBERT C. Vaudeville,
HAROLD Z. THORNE.
PROPOSED CHARTER
OF
MUSCLE SHOALS. BIRMINGHAM AND
PENSACOLA RAILWAY COMPANY.

q u i4A1lgFl j.
TIE name q this sorpoTsIt,iog91 Sal be
ANn PENsAcoLA RAILWAY COM
PANY."
It's principal place Of business shall he
located at Pensacola. Escambia County,
| Florida, and at such other points u the
as MAY. be from time to time authorized
by its Board Of Directors.
ARTICLE H.
The general nature of the business to
be conducted and carried on by this cor
poration is:
Ia. TO construct or otherwise acquire
Of passengers freight, mail and express
matters Il main line of railway with one
or more tracks with all necessary ap-
purtenances. side-tracls, switches turn
outs water-tanks. sand and gravel pits
stations. yards and depots. round houses
shops. coal chutes. warehouses, plat
forms, ferries. bridges. wharves. docks
terminals, piers and other adiuncts and
appurtenances necessary. proper and con-
venient for the operation of said main line
of railway and branches. to locate con-
with all necessary appurtenances con-
Meeting lines Of railway from such
ton may select to other points in the
State Of Florida. or any other State OF
the United States; TO lease or to sell its
lines Of railways in whole or in part. TO
chase or consolidate with other rail-
laws of the state Of Florida or any other
State or of the United States. and to
acquire and hold the stocks. bonds and
securities of such other railway corpora
tons; to guarantee the stocks, bonds and
securities of such railway corporations
as it NAV be interested in; TO construct
and MAINTAIN PASSENGER depots ana
freight yards and 70 permit the use of
such depots and Union Depot: 70 con-
struct ard own as adjuncts of its rail
road business docks and wharves for the
10 rdinz 0f ypScelE l,e rapa4z--
ing. storing and forwarding Of freight
and to accommodate all passengers; and
to construct, own and operate. as adj
houses. elevators and conpressors. to
establish telegraph and telephone lines
"a adinncts Of its railroad business: and
generally TO hold and exercise all such
incidental powers and privileges as relate
to the objects herein set forth.
(b) To borrow such sums of money
at such rates Of interest and upon such
terms as the Company or it's Board Of
Directors shall authorize or agree upon
and may deem necessary or eXpedient.
or mortgages. or BOTH as the occasion
may REQUIRE, Of railroad or railroads
by this corporation for the amount or
amounts borrowed or owing by such
Company as its Board Of Directors shall
deem expedient; and to make such pro-
for transferring the railroad track or
right of way, depots, grounds. rights,
privileges, franchises. lmnlunltieS, ma
chimes. houses, rolling stock. furniture,
tools, implements. appenda ges and ap
purtenances used in connection with such
IA ilroad or railroads in any manner
whatsoever then belonging to this Cor
porat ion, or which shall thereafter belong
to il, as security for any bonds. debts.
or sums OF money as may he secured
by such trust deed or mort gage. as they
shall think proper: and in case OF sale
of any railroad or any part thereof. con-
structed or in course Of construction by /
any railroad company by virtue OF any /
trust deed or of any foreclosure of any /!
mort gage thereon, to acquire title under |
such and to have and acquire thereby. |.
and TO exercise and enjoy thereafter the |
same rights, privileges. grants, fran !
chises inlmunities and advantages in or /
merated and conveyed. which belonged |
to and were enjoyed by the company /
making such deed or mortgage, or con- |
tracing such debt, so far as thu same
relate or appertatn TO that portion Of
said read or the line thereof. mentioned 1
and described and conveyed BY said /
mortgage or trust deed, and no further. I
the corporatorz, Office holders, share 4
holders and agents q sI.ch company 1
might or could have done had not such /
sale or purchase taken place
fe1. To exercise all of the rights. /
privileges, franchises and irnrnunitiesi
now or as hereafter granted TO railroad i
under the laws OF the state +
OF Florida.
(d1. To transact its business in anvil
state in tire United States and IN for 1
eign countries and dependencies thereof /
ana TO exercise all Of the rights nriyi-
leCes. franchises and inllnunities new or l
as hereafter granted 80 railroad com