The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-08
CHAR TER
OF THE RAILWAY EQUIPMENT G.
SUPPLY CO, INC.

United States of America, State of Louisiana,
Parish OF Orleans, City OF New Orleans.
BE it known, that on the first day of the
month OF june. III the year Of our Lord one
thousand nine hundred and fifteen and of the
independence of the United States OF Amer
ica the one hundred ana thirty-ninth, before
me, Feter STINT, notary public, duly COM
mlssIoned and qualified IN and for the par
lsh and state aforesaid, therein residing and
IN the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared, the persons whose names are here
unto subscribed, all OF full age Of majority
and residents of this city, who severally de-
clared, that availng themselves of the provi-
slons of the act of the legislature of this
state, known as act 267 of the sessions acts
OF 1914, they do by these presents covenant
and agree and bind themselves, as we'll as
such other persons as may become hereafter
associated with them, in order to form and
constitute a corporation or body polite in
law, for the objects and purposes, and under
the stipulations following to-wit:
Article 1.-The name and title of this cor
poration shall be The Railway Equipment
supply Co., Inc" and it shall have and
enjoy. succession and existence for a period
OF nifty years from date hereof 1t shall
have, enjoy and possess all the powers,
rights, privileges and immunites accorded to
corporations under the Jaws of this state,
and particularly under act 267 of 1914 re.
ferred TO.
Article 1.-THE domicile of this corporation
shall be in the city of New Orleans, state
citations
legal process shall be served upon the presi-
dent and IN his absence, upon the vice-presi.
dent and IN the absence of the vice-president
upon the secretary easurer
hrtcie llI-lhe purposes and objects for
which this corporation is organized are hereby
declared TO be: TO do a general lumber and
manufacturing business; TO own, lease and
operate saw and shinglc mills: to lease con-
struct or otherwise acquire railroads or log
ging roads for the transportation of its raw
and manufactured products or contract for
and construct railroads, levees, canals and
bridges or other similar works for others
70 own, lease and operate steamboats,, tow
boats and barge lines for the purposes of its
business; TO buy and sell lands logs ties
TIMBER piling, slaves, lumber and ali lumbe
products, and TO operate lumber wards: 10
conduct eommissaries in connection with its
business; to handle railway and railroad
equipment and supples and generally TO do
and perform any and all things necessary,
pertinent and convenient to the powers herein
conferred.
Article 1V.-The capital stock of this cor.
poration is hereby declared to be the sum
OF ten thousand dollars. divided into one
hundred shares of the par value of ore b,Ir.
dred dollars each, and this corporation shall
be operative and go into business and be-
come going concern when one hundred
shares Of its capital stock shall have been
subscribed and paid for, to-wit:
=, AT inc execution OF those presents, and in
the manner following, to-wit:
One hundred dollars paid by ]. Ohio Elmer
III once furniture presently transferred sur
rendered and given by him in full pavmen+
LOT one snare, and which Office furniture is
now at Room 504 Title Guarantee Building
New Orleans "u'iuilg'
=, One hundred dollars paid by Edward w
Rogers IN office furniture presently trans.
Ietred, surrendered and given by him in full
payment for one share and which Office fur.
Bldg, N. o. " ->O0'i' 'O4 lite Guarantee
NInety-eight hundred dollars paid by Mon.
.leue L. ionneval in merchandise presently
transferred, surrendered and given in nar.
ment by him in full payment for ninetv.r;SIt
shares of stock eisht
The merchandise hereinabove referred 70
consists consists OF contracts owned by said NJ. L,
Grand Isle Railroad for the delivery of t~enl
ty-hye thousand cypress cross ties: with III.
southern Pacific Railroad for two bundrad
iTInGusanu cypress cross ties, and with the
and nifty thousand cypress cross ties. ali of
winch contracts are well worth the sum %
n,nety-elght hundred dollars and which cor.
tracts the said M. L. Bonneval hereby az.
signs and transfers to this corporatior ~ as
ment OF his said ninety-eight shares of stocl
amounting to ninety-eight hundred doIIars
ana at which valuation this Corporation here'
by accept the same Heie-
.AIucie N.-No trasfer of stock shall h.
binding upon this corporation unless 60
appears on the books thereof, and no stcrt.
holder shall have the right TO assign n
urIsISl any snare or shares held by b;ro
uniess he shall have first offered same -
,Nntlng, to the board of directors, which Sb III
nave the right to purchase same within Ten
gays thereafter, at the valuation detern;red
Oy the SAID board and the party in interas,.
PROVIDED, that in case of Dissatisfaction az -
price, that issue shall be arbitrated - ~
manner provided by law in matters &c -:
be final ueeision snail
All shares of stock so acquired Inv n. 49,
poration may be re-issued at not less III,
par value. 0' iesS tnan
Article VI.-The charter OF This oo-,o-.
ton may be amended by the vote of tn,o
thirds OF all its stock at a meeting rs ~.
stockholders, duly called for that n,,rno s,ae
tne capital stock may be increased or d.
creased by the vote Of three. fourths of Ill Ge
s.IIk; az meeting of the stockholders dulv
cdlSu tor that purpose. zach share Of stocL
snall De entitled to one vote, which vote NAV
oe cast by the stakeholder or by his age,
or proxy, which proxy or agency NAV he sn;'
uenceo by letter or other written Document
Article VIIi.-The corporate powers Of III:
corporation shall be vested in board &c
directors to be composed of not less N -
three nor more than Ace directors 70 4.
elected by the stockholders at a general r,.s.
ing to be held on the second Tuesday of L..
IN each year. No stakeholder of this coynnrS
ation snail be eligible as a director. nnie..
ne owns IN his own name full paid and ,,ns
pledged, at least one share of the cs,;.a,
stock OF this corporation. P'a'
i. Article VII1.-The board of director. .l.u
nave power to make all by-laws r,,i.. 80