The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
CHARTER.
CHARTER OF EQUITABLE EQUIPMENT
COMPANY, INC.

CHARTER OF EQUITABLE EQUIPMENT
COMPANY, INC.
United States of America. State of Louis
lana Parish of Orleans. City of New or
leans BE it known. that on this 18th |
day of the month of March, i'll the year OF
our Lord. one Thousand Nine Hundred
and Twenty-One, before me, Herman l.. :
Barnett IA Notary Public duly commits
stoned and qualified, in and for the Parish |
of Orleans. State of Louisiana, therein
residing, and in the presence OF the VII /
neSseS hereinafter named and Undersigned /
personally came and appeared the several /
persons whose names are hereunto SUB |
Scribed, all of the full age of majority, who /
severaly declared to me. Notary. that avail /
ing themselves of the laws of the State OF |
louisiana in such cases made and pro /
vided. and more particularly OF Act 20
of the General Assembly of the state OF
Louisiana of 1914 relating TO the creation /
organization and formation OF corporations
they have cOvenanted and agreed. and by
these presents do covenant and agree ana
bind themselves. as well as all such Other
persons as may hereafter become aSso-
ciated with them to form corporation
for the objects and purposes and under
the articles and stipulatiOns following, to-
wit:
ARTICLE 1.-The name and tits of this
corporation shall be EQUITABLE EQClf-
MENT COMPANY. INC, and under lts
corporate name, il shall have power ana
authority to have nd TO enjoy corporate
4 existence for a period of ninety-nine years
from date hereof, unless sooner dissolved
Ly liquidation or otherwise 1t shall nave
power to contract. to sue and to be sued
to make and use a corporate seal ana 10
alter and break same at pleasure To holu'
receive, lease. purchase, transfer, assign
convey, mortgage. hypOthecate. pledge, or
otherwise receive or dispose OF property;
real personal and mixed, corporal ana
incorporeaI; to issue bonds and, II desired,
to secure the same by mortgage; to BUY
and hold stock in other companies, lhtlutht
to the objects and purposes, or 10 me
EXPANSION of the business interests of the
corporations: to name, elect and appoint
such mana gers, agents, directors or OfncerS
as its business interests may require. anu
to make and establish, alter ana amend IT,
bylaws, rules and regulations Tor ltS
proper government, as may be deemed
necessary and proper. and generally 10 90
any and all things incident TO or necessary
and proper for the extension OF the DnSl-
ness in which the corporation is engaged;
ARTICLE II.-This corporation shall De
domiciled in the City of New orleans, III
the State of Louisiana: and all citation or
other legal process shall be served upon
the President of the corporation and. IN
the event-of his absence, upon the VICE
president.
ARTICLE uI.-The objects and purposes
for which this corporation Is organized
and created. and the nature OF the business
TO be carried on by 1t. are declared 10 De
export import. handle, prepare, store,
transport, lease exchange dispose Of and:
in any manner, deal in and handle all
kinds of machinery. engineering, hardware
specialties, gasoline engines. gas engines
motors, steam engines. boilers, boats
vessels, vehicles, rails, sheet metal, scrap
iron. iron, steel. and any and all other
metals and the products thereof, ana any
and all engineering supplies. and, generally
all articles of wood or metal, either new
or second hand either outright or on COM
mission basis; to carry on Il genera
engineering and machinery business, anu
to act as consulting and contracting
engineers.
To acquire, own and operate, and in any
manner dispose of plants, factories ana
machine shops. To carry on a general
| mercantile and merchandise business; 10
| engage in foreign as well as domestic com,
merce; and, in fact, to carry on any OF
| the businesses aforesaid, either as prlnci
| pals. agents, factors or brokers, in the
| United States of America and its depend
| encies and territories, or in foreign coun
| trie. To carry on such other businesses
| as may be found necessary or convenient
| for properly calculating the aforesaid
purposes or enhancing the value of the
| properties, rights and privileges of th'
| corporation.
ARTICLE Iv.-The capital stock o., thi'
| corporation is hereby fixed at the sum o.
One Hundred Thousand (S1OOOO0!OO) Dol
-
| shares OF, the par value of $4,000 each.
said stock shall be paid for in cash o.
its equivalent, as provided by law, and II
such manner and at such times and II
such installments as may be prescribed b!
the Board of Directors.
This corporation shall become coins
concern and shall be authorized to com
mence business when Fifty Thousand $50:
OOOOO) Dollars of its capital stock shal
have been subscribed for, as provided b.
Il NIasaNN an.
(S25 OO0.OO) Dollars shall in fact have beel
paid in, either in cash or its equivalent.
ARTICLE y.-The capital stock of thi
corporation may be increased TO the sun
of Two Hundred Thousand St2oo,O0o) Dol
lars, by a two-thirds vote of all of tn
stock present or represented at specia
meeting called for that purpose. or at
| regular annual meeting OF the corporation
= ARTICLE yI.-An certificates of stoe
issued by the company shall be signed d
the President or yice-president, an
countersigned by the Treasurer.
The stock of this corporation can b
transferred only on the books of the COZ
poration, and subject to such regulation
and formalities as may be by the Boar
of Directors from time to time prescribed
No stakeholder shall be permitted to Sc
or otherwise dispose Of his stock withou
y first Offering the same, in writing. to III
! other stockholders, through the Board
Directors, at a price not exceeding tn
! book value thereof. and the stakeholder
shall have an option and first right I
: purchase all the shares of stock to be thu
disposed of by sale or by the deaf
resignation or otherwise of any OF Il
stockholders of the corporation, and sha
have q period of ten days in which
a accept or decline such offer of stock.
J. Should the Board of Directors or Il
1 | stockholders decline to purchase said stoc
= then the stakeholder or stockholders WI
| made the offer to sell or otherwise dispo
:. of the stock may sell or otherwise dispo
= of Ii, in any manner and at any price thi
he or they may see fit. But each share
| stock is issued under the condition and vi
Outstanding that no stakeholder shall NAL
sale or transfer of his stock in Violate
of this provision; and such sale or transit
. If made, shall be void. and this compar
;Ol shall be under no obligation to list sa
stock on its books or to regard the hold
10 of the certificate thereof.
y ARTICLE vII.-The corporate powers
v this corporation shall be vested IN al
exercised by a Board Of Direcorts COZ
- posed of five directors, a majority of who
{ shall constitute a quorum for transactl
z of business.
The directors Of this corporation m
vote Pm person or by written proxy, at al
of the meetings of the Board of Directo
q and the Board of Directors may delega
. any of its powers to any officer or ofnce
Z or any other representatives of the COZ
pany, by appropriate resolution TO III
effect.
TIE first Board of Directors of this CO
I poration shall be composed of O. ID. Gle
h | land, Neville Levy. Lester Seidenba'
| Edward Marx Adolph Diefenthal. with