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Privileges.
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article known also as the article providing for
the formation, powers and regulations of cor-
porations, so far as the same may not be in-
consistent or conflict with the special or gen-
eral regulations or provisions, powers, rights
and advantages conferred or intended to be
conferred by this act.
SEC. 8 And be it enacted, That the said com-
pany shall have also the following powers, to
wit: To buy, sell, lease and deal generally in
railway equipments and rolling stock, and to
transact any and all business, of whatever na-
ture, that may be connected therewith or inci-
dent thereto; to subscribe for, purchase, own,
hold and sell stocks, bonds and securities of
other corporations; and to buy, sell, own and
deal in any real or personal property, necessary
or convenient for the proper prosecution of its
business, and to the proper management there-
of; also, the power to borrow money in such
sums, and at such times, and on such terms as
it may deem necessary for the proper trans-
action and conduct of the business hereby au-
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Privileges.
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thorized; and to issue and to dispose of its
bonds or other evidences of indebtedness for
any amount or amounts so borrowed, and to
mortgage its corporate property and franchises
to secure the payment of any indebtedness so
contracted by it; it shall also have power to
receive in payment of any subscriptions to its
capital stock, any property necessary or con-
venient for its business, at such prices as may
be agreed upon between the owners thereof
and the Directors of this corporation; it shall
also have the power to guarantee the bonds
of other corporations or individuals on such
terms as its Directors may agree.
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