ARTICLES OF INCORPORATION
OF
YOSEMITE VALLEY RAILWAY COMPANY
ZZZZZZZZZZZZWe, the undersigned, for the purpose of forming a
corporation under the laws of the State of California, do hereby state and
certify:
ZZZZZZZZZZZZ FIRST: That the name of said corporation shall be
YOSEMITE VALLEY RAILWAY COMPANY
ZZZZZZZZZZZZSECOND: That the purposes for which this corporation is
formed are:
ZZZZZZZZZZZZTo engage in and conduct the business of transportation of
passengers, freight, express and mails, and to charge and receive
compensation for such transportation; to construct, build, own, hold,
control, use, maintain and operate railroads, including steam, electric,
interurban, street, and all other kinds of railroads; to purchase, lease from
others or otherwise acquire, the rights, privileges, franchises and other
property of other railroad corporations and railroads, including steam,
electric, interurban, street and all other kinds of railroads, and to own,
hold, control use, maintain and operate the said rights, privileges,
franchises and other property; to construct, build, purchase, lease from
others or otherwise acquire, own, hold, control, use, maintain and operate
all such extensions, branches, tracks, spur tracks, industrial tracks, side
tracks and other tracks, turnouts, sidings, switches, roadbeds, roadways,
bridges, culverts, embankments, tunnels, subways, terminals, yards,
depots, stations, freight houses, warehouses, engine houses, car houses,
power houses, transformer houses, shops, poles, pole lines and all other
structures and buildings necessary, proper or convenient fot the use,
accommodation, maintenance, or operation of said railroads; to purchase,
lease from others, condemn or otherwise acquire, own, hold, control, use
and maintain all such real property, including rights of way, easements,
privileges and franchises, as may be necessary, proper or convenient for
the use, accommodation, construction, maintenance or operation of the said
railroads; to purchase, lease from others or otherwise acquire, construct, build, manufacture, own, hold, control, use, maintain, and operate all such rolling stock, cars, motors, engines, machinery, dynamos, rails, poles,
cables, wires, apparatus, appliances, tools, implements and other personal property, as may be necessary, proper or convenient for the use,
accommodation, construction, maintenance or operation of the said railroads; to purchase, lease or otherwise acquire, construct, build, own, hold, control, use, maintain and operate all such telegraph and telephone systems and lines, and other systems for the transmission, reception and delivery of sounds, signals and intelligence, as may be necessary, proper or convenient for the use, accommodation, maintenance or operation of the
said railroads, and to purchase, lease from others, condemn or otherwise acquire all such real and personal property, including rights of way, privileges and franchises, as may be necessary, proper or convenient for
the use, accommodation, maintenance or operation of such telegraph and telephone systems and lines, and such other systems for the transmission, reception and delivery of sounds, signals and intelligence; to purchase,
lease from others or otherwise acquire, construct, own, hold, control, use maintain and operate systems, plants and works for manufacturing,
generating, producing, delivering, furnishing and supplying power, heat
and light by means of electricity, gas or otherwise, and for the purpose of
producing delivering, furnishing and supplying water, for the use,
accommodation, maintenance or operation of the said railroads, and to
purchase, lease from others, condemn or otherwise acquire all such real
waters, water rights, appropriations, dam sites, dams, reservoir sites,
reservoirs, aqueducts, viaducts, canals, ditches, flumes, conduits, pipes,
pipe lines, power houses, transformer houses, shops, poles, pole lines,
machinery, dynamos, apparatus, appliances, tools and implements, as may
be necessary, proper or convenient for the use, accommodation,
maintenance or operation of such system, plants, and works; to operate
over and along public roads and highways motor vehicles or other kinds of
vehicles for the transportation of persons and property and to charge and
receive compensation for such transportation; to purchase or otherwise
acquire, own, hold, control, use and maintain such vehicles, including
automobiles, busses, trucks, automotive cars, and all other kinds of
vehicles or other equipment, tools, materials, supples or parts as may be
necessary in the operation, up keep, maintenance and repair of such
vehicles; to purchase, apply for, lease from others or otherwise acquire,
own, hold, control, and use all such patents, patent rights inventions
trademarks and trade names as may be necessary, proper or convenient
for any of the foregoing purposes; to assume and pay all or any of the
bonds, indebtedness and obligations of any corporation whose railroad or
other property may be purchased by this corporation; to purchase,
subscribe for or otherwise acquire, the stocks, bonds, debentures and other
securities and obligations of other corporations. Joint stock companies and
associations, including steam, electric, interurban, street and other railroad
corporations, and while the holder of stocks, bonds and debentures of such
corporations, joint stock companies and associations, to exercise all the
rights, powers and privileges of ownership thereof, including the right to
vote thereon, to the same extent that a natural person might or could do; to
purchase or otherwise acquire in accordance with law the stocks, bonds
and other securities or this corporation; to borrow and lend money, in
connection with any of the foregoing purposes, with or without security
therefor, and to become a surety, guarantor, or an indemnitor or endorser,
in connection with any of the foregoing purposes, for the payment of
money and for the performance of other obligations; to execute notes,
bonds or other obligations for money borrowed, property purchased or
otherwise acquired by this corporation, labor done and services performed
for this corporation, and for any other lawful object or purpose, and to
secure the payment of such notes, bonds or other obligations by mortgage, pledge, hypothecation, deed of trust, or otherwise of any or all property, including rights, privileges and franchises acquired, or which may be
acquired by this corporation; to sell, convey, transfer, lease to others, or otherwise dispose of, any or all the property, including the rights, privileges, franchises, stocks, bonds and other securities and railroads, of this corporation.
ZZZZZZZZZZZZ
Also to carry on any other business, and to exercise any
other powers which may be necessary, proper or convenient to be carried
on or exercised in connection with any of the foregoing purposes, or
incident thereto; and to have, hold, use, enjoy and exercise any and all the rights, powers, privileges and franchises, whether herein particularly enumerated or not, which railroad corporations, including steam, electric, interurban and street railroad corporations may have, hold, use, enjoy and
exercise under the laws of the said State of California, as the same now are,
or at any time during the existence of this corporation shall be.
The foregoing clauses shall be construed as objects and
purposes and as powers and it is hereby expressly provided that the
foregoing enumeration of specific objects and purposes shall not be held to
limit or restrict in any way the powers of this corporation, but are in
furtherance of and in addition to, and not in limitation of the general
powers conferred by the laws of the State of California. This corporation
reserves the right to amend or change, add to or repeal any condition
contained in these Articles of Incorporation in the manner now or
hereafter prescribed by law.
ZZZZZZZZZZZZTHIRD: That the county in this state where the principal
office for the transaction of business of the corporation is to be located is
the City and County of San Francisco.
ZZZZZZZZZZZZFOURTH: That this corporation is authorized to issue only one
class of shares of stock; that the total number of shares which this
corporation shall have authority to issue is two thousand (2,000); and that
all of said shares of stock are to be without par value.
ZZZZZZZZZZZZ FIFTH: That no distinction shall exist between the shares of
this corporation or the holders thereof.
ZZZZZZZZZZZZSIXTH: That the number of directors of said corporation is
five (5) and the names and addresses of the persons who are appointed to
act as the first directors are as follows:
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