The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-09-08
L he Richmond e. Dan
vile Equipment Trust
Series 80. ,.
Lengthy DEED RECORDED II TuT
eHASCETY COURT.
Finance Company Of Penn. the Trustee.

The deed. iu substance is as follows
Articles Of agreement made and en-.
i--ei into this 18Th day If August. 4. D
l~-- hy and ictwecl Jchn H. Converse.
I Morris peroi, aui Chariemagno Tow
er. Jr--
Nhe-eas the raii parties have agreed
among themselves 10 form an association
b, 'he name Of The Richmond * Dan
vie Equipment rust. Series .. ." tor The
purpose VI buying. selling. and leasing
iaar.ei cars. locomotives and equip
men' To which intent they haye sever
ally a-reed ana DO ~ ihese presents seY
cm.s agree. caCA viii The Others as
follows 90 Wit
Fir.t That The said parties will and
d. hereby associate under the name of
The Richmond and Danyills Equip
mtnt Trust Series ijr the purpose of
buying leasing and selling railroad cars
and locomotives, - hereinafter men
,i0rei
The second section provides that the
capital oCa Of tAe said ass0rilli0n shall
cor-- of Ss2j0oO divided into
three h4lired and twenty aares
d.. s $50 each. The parties hereto agree
'l erltrlluf- t0 fAc capital ieck as fol-
.,R- i.Al II Converse. $l20O00: T.
e -s PERT. eimo9l Charlemagne
4 xtr IT. ti0JOW
IAef.iri section requires AN contracts
'0 boz l.le 10 writing bv board of
manager. aud alltlecon,racts with build
., a. elr- locomotives and other equip
mel'- .ali NOT exceed S'.o0oo
I.3i.t This section provides that
.ft-t .0Uf,l.t slaI. Iutaiu stipulation
f... zee property arf ,lni- of the asso
c.afaa Aaa bee or'y for lhe payment of
debts The managers collectively and
'rt,r..aIlg are ID b- liable for lhe pay
ma.f sf srr money fha, may beconie
..e ..-. .,..3.n, .of lie contract Inpaid
...t... .aen.s uron Subscriptions f0 the
r.r.t.. ..r. ti.io he tac nrs,eriv ol She
'.s and contracts exceeding lhc
amount of capital .ia1A signed by any
,rml.r bef. fe De alone liable
Firb Thi. section eir.s the lhrce
af. .-.menfi0Qoi managers the powor io
r.t s1lles amont them. rcscrcinr 10
ti. -I.r. holders tle firht 10 any OF all
~ ..m.
This saws flc money ON stock ia
... he raii f0 lle trustees when ihe man
4rtr a-k for D.
seventh This nr.r.lcs Chat ilc .l
n,.-..s or nov members or ibc death OBJ
Insolvency OF other members .laU not
V.f. .li.so'.tiou lf the asscciliiOu.
.rltl THIS rr.y'des that all cit.
.l.n be- r1il f.r ig fsu before &C.
...,, i, tha ,rfi.fe4s
Nt,I .~4 T.,.l .,cfiors t.l. h,u
.'..,. 10 ..,,, T.. ,.. t..,,..i.
.4.......+o.. ~ ..iscri.,.on there
r..-..a rf ,.t., .,.. n.
...'....- ..''f ..t,.., .n4 .,,t.a'f, n.,ier
.l.-... ,ftl. 2.srl ~ ". rar.
...,-..f u.fb.fie pf.lo.,H.N Dan
,r. p.f-..4 romrsnv ar anv .faaf
..,..' ...tnair ca~s f.com.t.-o.
rrf-- condition. wh.rg are
I.... ..-...i ...-n,-.u-. g.. D.. mo fo fbe
..t....M. ~ tDo ,ra.f.o r.ni
l.,.I. ,....,nrl r,iIr..I .9,inm.ni
.rs rrr Stock io on,rier.r i'm
. ,..t an amount which uiu
.a~ ,ert,,n Nor annu,n
.., co.. D.. .......... .fio,
.. ,. ..,l.... nj alsn
...., .....,' .. ....,'f f.,
...o .a, .,...,...' F., ib.' ,rn.fre
.ri.l f..s-.,.' Ind fave. .nn fne stock.
t+.,t.- .r.,ii.. tba. tae 4i.h
D,rri'i. r.fra.t C,m.,nr
l... fI1 fol,.ar .t.rk nor.ha.ed
.-..' .t. ,..-.1.s,i.n 7n g,od nr,Ier and
-..i....' .rvr..l'nr .f@eL or enuiomenl
,.i.,l nav H. ..esfroxel from .a1v cause.
sI.. .lf 0n each car sh4l be
r.f...t I'M 10th .fie. "Picbmood *
Dsn.le Foairment Trust Series
d ovnc-s and ON bottom rail
~e . ID r. T 30 This section further
,~.,..,.. that fbe Richmond a Danyille
eai'rss5 Companv Shall furnish every
vear ty the ist day of September, The
r.mter of cars in service, their tondi
ton. t4e number destroyed and the mum
hsr .elng repaired IN the shops also, that
mere shall be no assignment OF under
letting of lae cars also. that if the rail !
roai company shall fail to pay their
quarterly rent. or fail 10 keep the rolling
..oca ii good condition. Tie lease is to
terminate and the trustee or it5 agent
.lall take possession of the association
property provided at all times, that the
railroad company has the right 10 pgr.