The herald., 1921-11-24
CHARTER OF THE ID. ID. IMPLEMENT
COMPANY, INCORPORATED.

IL.
United States of America, State of Lou.
isiana, Parish of Orleans, City OF New Or
leans, he IL known, that on the 9th day
OF the month of November in the year Of
our Lord. nineteen hundred and twenty
one, before me, Warren V. Miller a duly
commissioned, qualified and acting notary
public, in and for the Parish of Orleans
State of Louisiana, and in the presence of
the hereinafter named and undersigned
witnesses, personally came and appeared
the several persons whose names are here
unto subscribed and severally declared
availing themselves and those they repre-
sent, as well as those who may herein
after become associated with them. of the
general laws of the State OF Louisiana.
In such cases made and provided they
have formed and organized, and by these
presents form themselves, as well as those
they represent and such others as may
hereafter become associated with them,
into a corporation and body polite I'm
law, for the object and purposes in the
following articles set forth and expressed
which they adopt as their charter.
ARTICLE I. The name and title Of this
corporation shall be BID Implement
enjoy succession by its corporate name
for a period Of nenety nine years (99)
from the date hereof, with all the rights,
privileges and powers now or hereafter
conferred by law upon trading corpora
tiOns. Its domicile shall be in the City
OF New Orleans, and all citations and
legal services shall be made upon the
president, and In the event Of his insbil-
ity to act, etc, upon the secretary.
ARTICLE II. Tn. capital stock of this
corporation Is hereby fixed at the sum
Of Five Thousand Dollars ($5.O00OO), all
Of which shall be divided into and rep
resented by Five Hundred shares CJOO)
shares at the par value of ten dollars
each. Stock may be paid for in money,
In services rendered the corporation, or
in property regularly transferred to the
corporation all as shall be determined by
the Board of Directors.
ARTICLE Ill The objects and pur-
poses of this corporation. and for which
II is organized are declared to be to ac-
quire inventions, patents, rights and per
mits, and to manufacture and buy and
sell at retail all articles under same; to
manufacture plOws, cultivators farm i'm
plements. machinery and utensils in gen.
eral and to manufacture. buy and sell at
both retail and wholesale, all articles and
implements used on farms and plantations
or such machinery az the Board of Direc-
tors OF the corporation may deem adyis-
able; to act as agent and Tor broker for
the sale Of such articles and implements;
TO erect. conduct and maintain factories
for the manufacture Of such implements
and accessories thereto; to establish and
maintain, both retail and wholesale and
brokerage. n selling agency or agencies
for the distribution Of said implements
together with such other articles as are
usually carried in stock by such whole
sale and retail concerns. or decided by the
Board Of Directors Of this corporation to
be proper, and In general TO do any and
all things pertaining or german 10 the
above and foregoing purposes.
ARTICLE ". The corporate powers
Of this corporation shall be vested In a
Board OF Directors. all OF whom will be
necessary to constitute a quorum for the
transaction OF business. Said board shall
consist Of three members. and any direc-
tor may vote at any directors meeting by
proxy to another director for that par
ticular meeting. From the said Board OF
Directors shall be chosen a president and
secretary, who shall also be treasurer
The first Board OF Directors and offi-
GERS Of the corporation shall be elected
at the first meeting Of the stockholders
held after the passing Of this charter. and
the directors and officers 80 elected shall
serve as such until the second Monday
in January. 1923. or until their successors
are duly qualified and elected.
Meetings Of the stockholders for the
election of directors shall be held yearly
on the second Monday in January, begin
ming with the year 1923. and the Board
OF Directors shall have the right to elect
without reference to stockholders meet
ing, any stakeholder TO be a director
whenever vacancy may exist on the
Board Of Directors, through death, resig
nation or inability to serve.