The herald., 1921-04-07
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 il known, that on this 12th
day of the month of March, in the year OF
our Lord. One Thousand Nine Hundred
and Twenty-One, before me, Herman l..
Barnett. a 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 wit
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
everally declared to me, Notary. that avail
ing themselves of the laws of the State or
louisiana. in such cases made and pro-
vided, and more particularly OF Act 2oL
of the General Assembly of the State OF
Louisiana of 1914. relating 10 the creation,
organization and formation of corporations
they have covenanted and agreed, and by
these presents do covenant and agree and
bind themselves. as well as all such other
persons as may hereafter become aSso-
ciated with them, to form a corporation
for the objects and purposes and under
the articles and stipulations following, to-
wit:
ARTICLE 1.-The name and title of this
corporation shall be EQUITABLE EQUIP
MENT COMPANY, INC, and under its
corporate name, it shall have power and
authority 10 have nd to enjoy corporate
existence for a period of ninety-nine years
from date hereof, unless sooner dissolved
. by liquidation or otherwise; IL shall have
power to contract, to sue and TO be sued,
to make and use a corporate seal and TO
alter and break same at pleasure; TO hold,
receive, lease, purchase, transfer, assign,
convey, mortgage. hypOthecate, pledge, or
otherwise receive or dispose of property,
real. personal and mixed, corporal and
incOrporeal; TO issue bonds and, If desired,
to secure the same by MORTGAGE; to buy
and hold stock in other companies, incident
to the objects and purposes, or to the
expansion of the business interests of the
corporation; to name, elect and appoint
such managers, agents, directors or officers
as its business interests may require, and
to make and establish, alter and amend its
bylaws, rules and regulations for its
proper government, as may be deemed
necessary and proper. and generally to do
any and all things incident to or necessary
and proper for the extension of the bust
ness in which the corporation is engaged.
ARTICLE II.-Thi corporation shall be
domiciled in the City of New Orleans, in
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 III.-The objects and purposes
for which this corporation is organized
and created. and the nature of the business
to be carried on by it, are declared to be
as follows: 70 manufacture, buy, sell
export. import, handle, prepare, store
AN"'Nf oASPNoN 80 oHNi
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. scraI
iron. iron, steel, and any and all Other
metals and the products thereof, and any
and all engineering supplies. and, generally
all articles of wood or metal, either new
or second hand, either outright or on rom.
mission basis; to carry on a general
engineering and machinery business, and
to act as consulting and contracting
engineers.
To acquire, own and operate, and in any
manner. dispose Of plants, factories and
machine shops. To carry on a genera
mercantile and merchandise business; tC
engage in foreign as well as domestic com.
merce; and, in fact, to carry on any OF
the businesses aforesaid, either as princi
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 tht
properties, rights and privileges of tn,
corporation.
ARTICLE Iv.-The capital stock of thi.
corporation is hereby fixed at the sum OF
One Hundred Thousand $500. 0O0.0 0) Dol
lars, represented by one thousand q 900
shares of the par value of $4,000 each.
Said stock shall be paid for in cash OF
its equivalent, as provided by law, and il
SuNh ldhht anu Ut Sutu Times anu III
such installments as may be prescribed by
the Board of Directors.
This corporation shall become a coins
concern and shall be authorized to com
mence business when Fifty Thousand $3.50,
0OO.OO) Dollars of its capital stock shall
have been subscribed for, as provided b,
law, and when Twenty-Fiv Thousand
CS2o.OOO.OO) Dollars shall in fact have beer
paid in. either in cash or it's equivalent.
ARTICLE V.-The capital stock of thi
corporation may be increased to the sun
of Two Hundred Thousand s(2O0, OOO) Dol
lars, by a twO-thirds vote of all of tn,
stock present or represented at a specia
meeting called for that purpose. or at
regular annual meeting of the corporation
ARTICLE VI.-All certificates of stool
issued by the company shall be signed b!
: countersigned by the Treasurer.
The stock of this corporation can b
transferred only on the books of the cor
poration, and subject to such regulation
and formalfties as may be by the Boar,
> OF Directors from time to time prescribed.
No stakeholder shall be permitted to sci
l or otherwise dispose of his stock withou
nrst onering the same. in writing. to tn
other stockholders, through the Board O
directors, at a price not exceeding tn
: book value thereof, and the stakeholder
, shall have an option and first right. L
/ purchase all the shares of stock to be thu
disposed of by sale or by the death
, resignation or otherwise of any of tn
stockholders Of the corporation, and shall
/, have a period Of ten days in which t,
accept or decline such offer of stock.
should the Board Of Directors or tn
stockholders decline TO purchase said stock
then the stakeholder or stockholders VIII,
2 made the offer to sell or otherwise dispos
! of the stock may sell or otherwise dispos
: or 1t, In any manner and at any price tina
ne or they may see fit. But each share O
stock Is issued under the condition and un
Outstanding that no stakeholder shall max,
a sale or transfer Of his stock in violation