The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-08
CHARTER.

Board of Directors all OF whom will be
necessary TO constitute n 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 president and
a secretary. who shall also be treasurer.
The first Board of Directors and Off
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 such until the second Monday
in January, 1923. or until their successors
are duly qualified and elected.
Meetings of the stockholders Tor 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 n 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.
ARTICLE V. The corporate powers OF
this corporation are expressed and set
forth in Section Seven ca of Act 26I 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-
tirety 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 Dircc-
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
they shall have the right 10 employ, under
contract or otherwise, a general manager,
who may or may not be a member of the
| Board of Directors, as said Board OF hi
| rectors may determine and which said
| general manager shall have such duties as
| shall be determined by the Board Of hi
| 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
| of their subscriptions to stock, and nc
| informality herein shall subject them t.
such liability.
ARTICLE VII. Amendment OF this
charter, or liquidation of the corporation
! shall he subject TO the rules laid dOwI
in Act 267 of the Louisiana Legislator,
of 1914. The capital stock Of this cor
poration may he increased by amendment
of this charter to any amount not exceed
ing the sum Of One Hundred Thousand
Thus done and signed on the day ant
date hereinabove written, in the City n
| New Orleans. and in the presence of G
o. Speirer and +. S. HayfOrd, competen
witnesses. and me. notary, after a 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. NewcOmb Boule
ward. l share; +. l.. BOrdelon, lbs Rob
ert Street, l share.
Witnesses: c. 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 0rlean;
State Of Louisiana, do hereby certify tina
the above and foregoing Act OF Incorpora
ton of the BID Implement Company, In,
was this day duly recorded in my offic
in Book 1853, Folio, New Orleans.
tSigned) ROBT. SCOTT,
Deputy Recorder.
A true copy of the original on file in m
Office.
WARREN V. MILLER,
Notary Public.
Nov. 10-Dec. 15