The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-15
CHARTER.

Board of Directors. all Of whom will be
necessary to constitute q 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 OIL
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 so 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 a stockholders meet
ing, any stakeholder to be director
whenever vacancy may exist on the
Board Of Directors, through death, resig-
nation or inability to serve.
ARTICLE V. The corporate powers OF
this corporation are expressed and set
forth in Section Seven "a of Act 267 of
the year 1914, and shall be duly employed
by and through the Board of Directors.
The Board Of Directors may. without
reference to the stockholders, buy, SELL
and mortgage real estate; buy, sell. mort
gage or hypOthecate any part or the en-
tircty of the assets, business, rights or
good will of this corporation, all upon
| such terms, conditions and for such price,
sums and assets as the Board of Direc-
| tors shall determine.
The duties of the several officers shall
| be set forth in the bylaws; which will
| be adopted by the Board of Directors and
| amended and altered at their will; and
J they shall have the right to employ, under
! contract or otherwise, general manager,
who may or may not he a member of the
| Board of Directors as said Board of Di-
| rectors may determine, and which said
| general manager shall have such duties as
shall he determined by the Board of Di-
| rectors and the several officers of this
company may delegate to such general
manager such duties as are prescribed
to their respective offices, as they may
desire, subject, however to the approval
OF the Board Of Directors.
No stakeholder of this corporation shall
ever be liable for any debt of the cor
poration other than the unpaid portion
informality herein shall subject them tC
such liability.
| ARTICLE VII. Amendment OF Thu
charter, or liquidation of the corporation
shall he subject to the rules laid dowI
in Act 267 Of the Louisiana Legislature,
| OF 1911. The capital stock of this cor
poration may be increased by amendment
of this charter to any amount not exceed
ing the sum of One Hundred Thousan,
Dollars ts1OO,OO0).
| mus uOHe anu signed on the day ant
date hereinabove written, in the City q
New Orleans, and in the presence Of G.
q. Speirer and Il. S. Hayford. competen
witnesses, and me. notary, after du
reading Of the whole, the subscriber
setting opposite their names the amour
Of stock they subscribed for, making thi
an original subscription list
ORIGINALLY SIGNED):
j. W. Bronson, 1926 Nashville Avenue
l share; +. o. Denny, Ncwcomb Boule
ward. ] share; f. l.. BordeIOn, 1I2S Rob
ert Street, l share
Witnesses: G. o. Speirier and Eugen
S. HayfOrd.
(Signed) WARREN V. MILLER.
Notary Public.
i, the undersigned Recorder of Mort
. cages, in and for the Parish of Orlean.
State of Louisiana, do hereby certify tina
the above and foregoing Act of IncOrpOr;
, ton of the BID Implement Company, In,
r was this day duly recorded in my offiC
, in Book 1868, Folio, New Orleans
(Signed) ROBT. SCOTT,
p Deputy Recorder.
A true copy Of the original on file in m
office.
5 WARREN V. MILLER.
r Notary Public.
E Nov. 10-Dec. Is.