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Title:

Regulations

Entities:

Kansas City Southern

Date:

2001

Size:

Preview shows 2KB of 12KB total

Price:

$39

ID:

#358204

 

 

► Legal ► Regulations
► Transportation ► Railroads

 

 

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REGULATIONS

OF

PABTEX GP, LLC

A Texas Limited Liability Company

These Regulations of PABTEX GP, LLC, a Texas limited liability company,
executed December __, 2000, to be effective as of January 1, 2001, are adopted,
executed and agreed to by the sole Member of the Company.

1. Formation. PABTEX GP, LLC (the "Company") has been organized as a
Texas limited liability company under and pursuant to the Texas Limited
Liability Company Act (the "Act").

2. Sole Member. Southern Industrial Services, Inc., a Delaware
corporation, shall be the sole member of the Company (the "Member"). At all
times during which the Company owns the property described in Exhibit A, the
---------
Company shall have only one member. Any transfers of membership interests in the
Company to a second member shall be null and void.

3. Contributions. In exchange for 100% of the membership interests in the
Company, the undersigned Member has made an initial contribution to the capital
of the Company as shown on the attached Exhibit A. Without creating any rights
---------
in favor of any third party, the Member may, from time to time, make additional
contributions of cash or property to the capital of the Company, but shall have
no obligation to do so.

4. Distributions. The Member shall be entitled to (a) receive all
distributions (including, without limitation, liquidating distributions) made by
the Company, and (b) enjoy all other rights, benefits and interests in the

 

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