Exhibit 3.506
OPERATING AGREEMENT
OF FRONTIER WASTE SERVICES OF LOUISIANA L.L.C.
This Operating Agreement (the “Agreement”) of FRONTIER WASTE SERVICES OF LOUISIANA L.L.C. (the “Company”) is executed as of May 17, 2001, by FRONTIER WASTE SERVICES, L.P., a Texas limited partnership, the sole member of the Company (the “Member”), and shall bind the Member, the Company, and any other person who may acquire any interest in the Company. This Agreement shall supercede and replace the Company’s Regulations, dated October 4, 2000, in their entirety.
SECTION 1. DEFINITIONS; THE COMPANY
1.1Definitions. Capitalized words and phrases used in this Agreement and not otherwise defined herein shall have the meanings set forth inSection 7.6.
1.2Formation. The Company has been formed as a limited liability company pursuant to the provisions of the Act and upon the terms and conditions set forth in this Agreement and the Articles of Organization.
1.3Name. The name of the Company is Frontier Waste Services of Louisiana L.L.C. All business of the Company shall be conducted in the Company name. The Company shall hold its property in the name of the Company.
1.4Purpose. The purpose of the Company is primarily to engage in and conduct the business of non-hazardous solid waste management, and to engage in any other activity permitted under Louisiana law and the laws of any jurisdiction in which the Company may do business.
1.5Office. The registered office of the Company within the State of Louisiana shall be c/o C T Corporation System, 8550 United Plaza Boulevard, Baton Rouge, Louisiana 70809. The registered office may be changed to any other place within the State of Louisiana upon the consent of the Member. The Company may maintain a registered office in any state within which it does business at any location approved by the Member.
1.6Registered Agent for Service of Process. The name and address of the registered agent for service of legal process on the Company in Louisiana are C T Corporation System, 8550 United Plaza Boulevard, Baton Rouge, Louisiana 70809. The Company’s agent for service of legal process may be changed upon the consent of the Member.
1.7Articles of Organization. The Member shall file any amendments to the Articles of Organization deemed necessary to reflect amendments to this Agreement that the Member adopts in accordance with the terms in this Agreement. Upon the approval of any amendments, by the Member in accordance with this Agreement, the Member or a designee of the Member shall be authorized to execute and file such instruments with the appropriate state agencies.
SECTION 2. MEMBER; CAPITAL CONTRIBUTIONS; LOANS
2.1Member. The name and address of the sole Member are set forth in Exhibit A to this Agreement.
2.2Contributions of Member. The Member has contributed to the Company cash or other assets. The Member shall not be obligated to make additional Capital Contributions to the Company.
2.3Member Loans. The Member may make loans (“Member Loans”) to the Company, which shall bear interest and be repaid on such reasonable terms and conditions as the Member may determine. The Member shall not be required to make a Member Loan unless the Member has agreed to make such Member Loan.
SECTION 3. DISTRIBUTIONS
During the term of the Company, the Member in its sole discretion, shall periodically distribute the cash and property of the Company. No distribution shall be declared and paid unless, after the distribution is made, the assets of the Company are in excess of all liabilities of the Company.
SECTION 4. MANAGEMENT
4.1General Management Structure. Unless specifically provided otherwise in this Agreement, all decisions and actions concerning the Company and its affairs, and all matters requiring the consent or approval of the Member under this Agreement, shall be made within the sole discretion of the Member. Any party dealing with the Company shall be permitted to rely absolutely on the signature of the Member as binding on the Company.
4.2Delegation of Authority to Officers. The Member may designate one or more Persons as officers of the Company. The officers shall have the authority to act for and bind the Company to the extent of the authority granted to them in this Agreement or in resolutions duly adopted by the Member on behalf of the Company. The officers of the Company may include a president, vice presidents, an executive vice president, a secretary, a treasurer, and such other officers as the Member deems appropriate. The officers of the Company will be entitled to such compensation for their services as the Member may reasonably determine from time to time. Unless otherwise specified by the Member, the following officers shall have the authority to engage in the activities set forth with respect to their respective offices:
4.2.1President. The President shall, subject to the control of the Member, have general supervision of the business of the Company and shall see that all orders and resolutions of the Member are carried into effect. The President shall execute all bonds, mortgages, contracts and other instruments of the Company, except where required or permitted by law to be otherwise signed and executed and except that the other officers of the Company may sign and execute documents when so authorized by this Agreement, the Member, or the President. The President shall also perform such other duties and may exercise such other powers as from time to time may be assigned to him by this Agreement or by the Member.
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4.2.2Vice Presidents. At the request of the President or in his absence or in the event of his inability or refusal to act, the Vice President or the Vice Presidents, if there are more than one, shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. Each Vice President shall perform such other duties and have such other powers as the President from time to time may prescribe.
4.2.3Secretary. The Secretary shall see that all books, reports, statements, certificates and other documents and records required by law to be kept or filed are properly kept or filed, as the case may be.
4.2.4Treasurer. The Treasurer shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Company and shall deposit all moneys and other valuable effects in the name and to the credit of the Company in such depositories as may be designated by the Member. The Treasurer shall disburse the funds of the Company as may be ordered by the Member, taking proper vouchers for such disbursements, and shall render to the President, from time to time, when the Member so requires, an account of all his transactions as Treasurer and of the financial condition of the Company. If required by the Member, the Treasurer shall give the Company a bond in such sum and with such surety or sureties as shall be satisfactory to the Member for the faithful performance of the duties of his office and for the restoration to the Company, in case of his death, resignation, retirement, or removal from office, of all books, papers, vouchers, money, and other property of whatever kind in his possession or under his control belonging to the Company.
4.2.5Assistant Secretaries. Except as may be otherwise provided in this Agreement, Assistant Secretaries, if there are any, shall perform such duties and have such powers as from time to time may be assigned to them by the Member, the President, any Vice President, if there are any appointed, or the Secretary, and in the absence of the Secretary or in the event of his disability or refusal to act, shall perform the duties of the Secretary, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Secretary.
4.2.6Assistant Treasurers. Assistant Treasurers, if there are any, shall perform such duties and have such powers as from time to time may be assigned to them by the Member, the President, any Vice President, if there are any appointed, or the Treasurer, and in the absence of the Treasurer or in the event of his disability or refusal to act, shall perform the duties of the Treasurer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Treasurer. If required by the Member, an Assistant Treasurer shall give the Company a bond in such sum and with such surety or sureties as shall be satisfactory to the Member for the faithful performance of the duties of his office and for the restoration to the Company, in case of his death, resignation, retirement, or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession or under his control belonging to the Company.
4.2.7Other Officers. Such other officers as the Member may choose shall perform such duties and have such powers as from time to time may be assigned to them by the Member. The Member may delegate to any officer of the Company the power to choose such other officers and to prescribe their respective duties and powers.
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4.3Indemnification. The Company, its receiver or its trustee shall defend, indemnify and save harmless the Member and its officers and any officers of the Company (the “Indemnified Parties”) from and against all losses, claims, costs, liabilities and damages incurred by them by reason of any act performed or omitted to be performed by them in connection with the business of the Company, including attorneys’ fees incurred by them in connection with the defense of any action based on any such act or omission; provided, however, no Indemnified Party shall be indemnified from any liability for fraud, bad faith, willful misconduct, or gross negligence.
4.4Meetings. No annual or special meetings of the Member shall be required. Any action required or permitted to be taken at any meeting may be taken without a meeting if the Member signs a written consent setting forth the action to be taken.
SECTION 5. BOOKS AND RECORDS
5.1Books and Records. The Company shall maintain and preserve at its office all accounts, books and other relevant Company documents. The books of account of the Company shall be prepared and maintained on the same basis and in a manner consistent with the records of the Member.
5.2Fiscal Year. The fiscal year of the Company shall be the same as the fiscal year of the Member.
5.3Bank Accounts. The funds of the Company shall be maintained in a separate account or accounts in the name of the Company.
SECTION 6. DISSOLUTION AND TERMINATION
6.1Dissolution. The Company shall dissolve upon the first to occur of any of the following events:
(a) The sale of all or substantially all of the Company’s assets and the collection of the proceeds of such sale;
(b) The Member’s election to dissolve the Company;
(c) At any time there are no Members; or
(d) The entry of a decree of dissolution under § 12:1335 of the Act.
6.2Winding Up.
(a)General. Following the dissolution of the Company, the Company shall cease to carry on its business, except insofar as may be necessary for the winding up of its business, but the Company’s separate existence shall continue until articles of dissolution has been filed with the Louisiana Secretary of State or until a decree dissolving the Company has been entered by a court of competent jurisdiction.
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(b)Liquidation and Distribution of Assets. The Member (or its authorized successor in interest) shall be responsible for overseeing the winding up and liquidation of the Company and shall take full account of the Company’s liabilities and assets upon dissolution. Any assets not required to discharge any liabilities of the Company shall be distributed to the Member. Upon the completion of the winding up, liquidation and distribution of the assets, the Company shall be deemed terminated. The Company shall comply with any applicable requirements of the Act pertaining to the winding up of the affairs of the Company and the final distribution of its assets.
6.3Articles of Dissolution. When all debts, liabilities and obligations of the Company have been paid and discharged or adequate provisions have been made therefor and all of the remaining property and assets of the Company have been distributed to the Member, the Member shall execute and file articles of dissolution with the Louisiana Secretary of State.
SECTION 7. MISCELLANEOUS
7.1Binding Effect. Except as otherwise provided in this Agreement, every covenant, term and provision of this Agreement shall be binding upon and inure to the benefit of the Member and its successors, transferees and assigns.
7.2Headings. Section and other headings contained in this Agreement are for reference purposes only and are not intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any of its provisions.
7.3Severability. Every provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity or legality of the remainder of this Agreement.
7.4Variation of Pronouns. All pronouns and any variations thereof shall be deemed to refer to masculine, feminine or neuter, singular or plural, as the identity of the Person or Persons may require.
7.5Governing Law. The laws of the State of Louisiana shall govern the validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the Member.
7.6Glossary. For purposes of this Agreement, the following terms shall have the meanings specified in this Section:
“Act” means the Louisiana Limited Liability Company Act, as set forth in Chapter 22, §12:1301,et seq.,as amended from time to time (or any corresponding provisions of succeeding law).
“Agreement” means this Operating Agreement, as amended from time to time.
“Capital Contribution” means the amount of money and the net fair market value of property (other than money) contributed to the Company by the Member.
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“Articles of Organization” has the meaning given that term inSection 1.7.
“Company” means the limited liability company formed pursuant to this Agreement and any limited liability company continuing the business of this Company in the event of dissolution as herein provided.
“Member” means any Person identified as a Member in the heading to this Agreement. If any Person is admitted as a Substituted Member pursuant to the terms of this Agreement, “Member” shall also be deemed to refer to such Person.
“Member Loans” has the meaning given that term inSection 2.3.
“Person” means any individual, partnership, corporation, limited liability company, trust, or other entity.
7.7No Third-Party Beneficiaries. No term or provision of this Agreement is intended to or shall be for the benefit of any Person not a party to this Agreement, and no such other Person shall have any right or cause of action hereunder.
IN WITNESS WHEREOF, the undersigned has entered into this Agreement as of the date first above written.
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| | Frontier Waste Services, L.P., a Texas limited partnership its Sole Member |
| | | | | | |
| | By: | | Allied Waste Landfill Holdings, Inc., a Delaware corporation, its General Partner |
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| | | | By: | | /s/ D.W. Slager |
| | | | | | |
| | | | Title: | | President |
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EXHIBIT A
| | | | |
| | Percentage |
Name and Address of Member | | Interest |
Frontier Waste Services, L.P. | | | | |
15880 North Greenway Hayden Loop | | | 100 | % |
Suite 100 | | | | |
Scottsdale, Arizona 85260 | | | | |
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