ARTICLES OF INCORPORATION
In Compliance with Chapter 617, F.S., (Not for Profit)
ARTICLE I NAME
The name of the corporation shall be:
Bid on Maggot! Foundation INC.
ARTICLE II PRINCIPLE OFFICE
The principle street address and mailing address, if different is:
2585 E. Lake Dr., DeLand, FL 32724
ARTICLE III PURPOSE
The purpose for which the corporation is organized is:
Non-profit philanthropic foundation of the pursuit of wisdom. Foundation’s intention is to raise awareness, funds, and powers for all the sciences and philosophies.
Critical areas of oration are:
ARTICLE IV MANNER OF ELECTION
The manner in which the directors are elected or appointed:
Appointment by the majority of the 11 entities above on the hierarchical level
ARTICLE V INITIAL DIRECTOR
List name, address and specific title:
Nick Rugai, Ph.D., Founder
2585 E. Lake Dr., DeLand, FL 32724
ARTICLE VI INITIAL REGISTERED AGENT AND STREET ADDRESS
The name and Florida street address of the registered agent is:
Nitro Rigging LLC
2585 E. Lake Dr., DeLand, FL 32724
ARTICLE VII INCORPORATOR
The name and address of the Incorporator is:
Nick Rugai, Ph.D.
2585 E. Lake Dr., DeLand, FL 32724
ARTICLE VIII
The Foundation’s hierarchy shall consist of no more than 11 branches each node.
ARTICLE IX
No Foundation employee shall be paid more than 1 million dollars per year as of the year
2008 and no two Foundation's employees shall have a wage greater or lower than a
factor of 20. Pay increase shall reflect the nation’s inflation.
ARTICLE X
The Foundation shall be investing all its profits. Investments shall be prioritized according to the higher levels of critical areas of oration. If losses are encountered, creditors shall be paid by reducing first the compensations at the highest hierarchical levels.
ARTICLE XI
The Foundation shall make no support of religion; or abridging the freedom of speech, or of the press; or the
right to bear arms within the Foundation’s territory; or the right to pursuit
wisdom; or the right of the people peaceably to assemble, and to petition the
Foundation for a redress.