The Colfax chronicle., 1904-06-18
Charter of the Verda Drug Co.,
Limited.
STATE OF LOUISIANA

ls
Be it known that on this the 23d
Uriah L. Dewitt, Notary Public in
and for the Parish of Grant, State of
louisiana, duly commissioned and
qualified, and in the presence of the
witnesses hereinafter named and un-
dersigned, personally came and APP
peared the parties whose names are
hereunto subscribed, all OF full age,
who declared that, availing them
selves OF the provisions of the laws of
this State relative to corporations,
and especially that Of Act No. 36, of
1888, of the General Assembly of Loui-
siana,. they have covenated and
agreed, and by these presents cove
naht, and agree and bind themselves,
as well as such other persons as may
hereafter become associated with
them, to form and constitute a cor
pOratiOn and body polite in law, for
the purposes and objects, and under
the stipulations, articles and condi-
tiOns following. to-wit:
ARTICLE /.
The name and title of said corpora
tiOn shall be the 'VERDA DRUG CO.,
LIMITED" and its domicil Ia here
by established in the town of Verda,
Louisiana, and under it's said cOrpOr-
ate name said corporation shall have
power and authority to ocontract, sue
and he sued; to make and use a cor
pOrate seal, and the same to break
and alter at pleasure; to hold, receive,
have. purchase, improve, ALLEVIATE,
convey, sell, borrow, pledge, mort
gage and hypOthecate under its said
corporate name. property, real, per-
sOnal and mixed; to name and ap-
point such officers, directors, agents
and managers, or employees as the
interest and convenience of said cor
pOratiOn may require; to make and
establish bylaws, rules and regula-
tions for the proper management
and regulation of it's affairs. as may
be deemed necessary and proper, and
the same to change and alter at pleas
ure; and to do all other acts and things
permitted by law, as shall or may he
necessary and proper to carry out
the objects and purposes of said cor
pOratiOn.
Said corporation unless sooner
dissolved. in accordance with it's char
ter, shall exist and continue for the
period of thirty years from and after
date hereof. The president, or in his
absence the vice president, shall be
the proper person upon whom cita-
tion or other legal process shall be
served.
ARTICLE III.
The objects and purposes for which
this corporation is organized and the
business to be carried on by it are de-
clared to be the following, tO-wit:
To build, equip and maintain a drug
store at Verda, in above named Par
ish and State. to buy, sell and COM
pound staple drugs, under prescrip-
ton, to sell patent medicines, notions,
stationery. and generally to carry on
such other business as may hereafter
I've desired, pertaining to the objects
and purposes herein named.
ARTICLE III.
The capital stock of this corpora
tiOn shall be Ten Thousand Dollars
($10, 0,O00) divided into and represented
by two hundred shares of the sum of
Fifty ($50) dollars each, which said
stock shall be paid for I'm cash, at the
time of subscription, or the same may
be issued at not less than par in pay
ment or exchange for property or
rights actually received or purchased
by said corporation, or the same may
be issued full paid, for money advanc-
ed and such other valuable considera-
ton or services as the board of direc-
tors OF said corporation may deter
mine; provided that no stock shall be
issued until the consideration there
for has been received by the said cor
pOratiOn. Any stockhOlder may sell
assign, or trausfer his stock in this
corporation, provided thirty go ldays
prior notice of such intention to sell,
assign or transfer the same be given
the company, and the other stockhol-
ders thereof ehall have the first priv
lege Of purchasing same, after which
thirty days the said stock may be
sold in open market. The stock of
said corporation may be transferred
under the above conditions, provided
such transfer thereof be made on the
books of said company, at it's Office
in the Town of Verda, La. and on
the surrender Of the certificate there
OF. No transfer OF any fractional
part Of q share shall he made. This
cooperation shall commence doing
hns{nQ9s IS soon as five fenths of the