The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24
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 18th
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, aud 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
seyerally declared To me, Notary. that avail
ing themselves of the laws of the state OF
louisiana, in such cases made and pro-
yided. and more particularly of Act 2oi
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 them selves, as well as all such other
persons as may hereafter become a>so-
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
NENT COMPANY, INC, and under ITS
corporate name. ii 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; II shall have
power 10 contract to sue and TO be sued,
10 make and use corporate seal and 10
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
IN iss hands d,
to secure the same by mortgage; 10 buy
and hold stock in other companies, incident
TO the objects and purposes, or 10 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.-This 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 ii, are declared TO be
as follows To manufacture, buy, sell.
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, and 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 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 general
mercantile and merchandise business; TO
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 enchancing the value of the
properties, rights and privileges of the
corporation.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
One Hundred Thousand $500, 000.00) Dol
lars, represented by one thousand 1,OOO)
shares Of the par value of $4,000 each.
Said stock shall be paid for in cash or
its equivalent. as provided by law. and in
such manner and at such times and in
such installments as may be prescribed by
the Board of Directors.
This corporation shall become a going
concern and shall be authorized to COM
mence business when Fifty Thousand ESQ.,
100000 Dollars of its capital stock shall
have been subscribed for, as provided by
law, and when Twenty-Five Thousand
(S25,OO000) Dollars shall in fact have been
paid in, either in cash or its equivalent.
ARTICLE V.-The capital stock of this
corporation may be increased to the sum
of Two Hundred Thousand S(2O0,000) Dol
lars, by a two-thirds vote, of all of the
stock present or represented at a special
meeting called for that purpose. or at a
ARTICLE VI.-All certificates of stock
issued by the company shall be signed by
the President or Vice-president, and
countersigned by the Treasurer.
The stock Of this corporation can be
transferred only on the books of the cor
poration, and subject to such regulations
and formalities as may be by the Board
of Directors from time to time prescribed.
No stakeholder shall be permitted to sell
or otherwise dispose Of his stock without
first offering the same, in writing, to the
other stockholders, through the Board of
Directors, at a price not exceeding the
book value thereof. and the stockholders
shall have an option and first right to
purchase all the shares of stock to be thus
disposed of by sale or by the death,
resignation or otherwise of any of the
stockholders Of the corporation, and shall
have a period of ten days in which to
accept or decline such offer of stock.
Should the Board of Directors or the
stockholders decline to purchase said stock,
then the stakeholder or stockholders who
made the offer to sell or otherwise dispose
of the stock may sell or otherwise dispose
OF 1t, in any manner and at any price that
he or they may see fit. But each share Of
stock is issued under the condition and I'M
derstanding that no stakeholder shall make
q sale or transfer Of his stock in violation
OF this provision; and such sale or transfer
If made, shall be void, and this company
shall be under no obligation to list said
stock on its books or to regard the holder
of the certificate thereof.
ARTICLE vII.-The corporate powers Of
this corporation shall be vested In and
exercised by a. Board of Direcorts COM
posed of five directors. a majority of whom
shall constitute a quorum for transaction
of business.
The directors Of this corporation may
vote in person or by written proxy, at any
of the meetings of the Board of Directors,
and the Board of Directors may delegate
any of its powers to any officer or officers.
or any other representatives of the COM
pany, by appropriate resolution to that
effect.
The first Board of Directors of this cor
poration shall no comn osad of q ID Clpye-