The Colfax chronicle., 1904-07-09
Charter Of the Verda Drug Co.,
Limited.



A. D. 1904, before me, Uriah T. Dewitt Notary |
Public in and for the Parish Of Grant, State u |
louisiana, duly commissioned and qualified, |
nsn.d s ssd Un r' p.s.ossy csms and
appeared the parties whose names. are herennto |
sabscribed, all Of full ago. who declared that. |
Of tHis sssss .slst;vs to oorpor.tioSs, and sspsc
tally that Of Act No. q. Of lSsS, Of the General
Aseembly of Loaisiana. they have coveuented |
ssres @ and bind thsnssivss, . ~sil - such Other
persons ~ may hereafter become associated with |
them, to form and c0ustitute corporation and |
&.
s''n' fo''o"'ns' s11F3si s1S1RFT3siicLEL
b. as &. ssSA sH i bf6a 6t cs c
its d.micii 10 hereby established in the town Of
verda, Loaisiaua, and under its said corporate |
nam: ..,d corHcsston 'h.li have q poSsf = and 80 a.
and alter at pleasure; 70 hold, reesive have, par
sh:ss :iss,ts l.% :s
mixed: to mann: name ssS % appoint such otios1s. d.
tsesD.s sss.ts and n.n:ssr. Or ;S :;S%plcyss:; :.
may require: to mako and establish by-lawA
rules and regulations for the proper manage
mont and resalatioo Of its ahair:, z. may be
change and alter at pleasure; and to do all other
acts and things permitted By law. - shall or
may b necessary and proper to carry out the
Said corporation, unless sooner dissolved. in
aocordance with its charter, shall exist and con-
time for The p;rc% Of shi.X ys. frS" :. an and
senoe the vice president shall b the proper per-
son ,?.pon whom citation or other legal process
'a''' % served ARTICLE II.
porstion i Organised and the business to be
carried .. By e are declared to Be the follow
drug store at Verds. 10 above peneh and State.
70 bay, seh and compound staple drugs, under
prsecriptien. 70 ell patent medicines, notions,
business :: MAJ may ksrssftsr bs desired. pertainins
to the objects and parp0ses herein named.
ARTICLE III.
The capital stock of this cooperation shall be
represented b. two hundred shares Of the sum
Of Fifty (4so( d0llars. each. which aid stock
shall Be paid Tor IN cash, at the time Of eubserip-
par in payment or exchange for property Or
corporation, or the ssms may b issued full paid
consideration or services - the board Of direc-
tors Of said corporation may determine; prOvid-
ed that no stock shall be issued until the consid
ocrpor.sicn. % % Any W. stocEhoIdsr nay ssl. assign.
or transfer his stock in this corporation, pro-
xided thirty (so days prior notice OF such intsn-
the company, o. and the other stookholders thereof
shall have tie frst privilege Of parchasing sams
after which thirty days the said stock may Be
tion may be transferred under the above condi
tons, provided such transfer thereof be made
ON the books Of said company. at its Office in the
certinoxte thereof. No transfer Of sny fraction-
al part Of q share shall be made. This corpora
ton shall commence doing business ~ soon -
subscribed. The board Of directors shall have
The .iFht to determine how much stock shall be
issued. ARTICLE Nv.
The corporate powers of this COMPANY shali be
vested in and exercised by board OF directors
sompsny. comps T Three % q ssid board sSsii constitats
. quorum for the transaction Of business. and
thef decision shall Be valid corporate acte. The
| Of directon: T. 8. Nurrell. president; DR.. 9. W.
Durham, vice president; DR.. w. A. Fletcher, sec
| retsry; with said K: 8. MurrslL treasurer. No
vho is not stockholdsr in THE company. Du-
ring the absenoe Of the president the vice ,presi-
dent shall oct and preside. Said board ehen con
on which date and thereafter annually : board
| Of direct0fs shall b elected on the I'd day Of
| June Of each year. unless the came shall be- Q
next lecal dsy there,fter. Notice Of suoh cleo
ton shall be given BY et least ten (l0) days CON-
tinuons publication imnedistely proceeding
ssd aod the boss os
! appoint one Oe more stockh03asSa to preside at
such election - commissioners. In the event Of
sPs % to stssUd. ID n Tie prssidsSt shall 81 appoint.
cause - xhatsvsr to eisct director. the das named
% HSs :ss Ssa Sss ~
the ofncen Of said company, shan hold owe!
until their succes0rs ore chosen. In such event
tSs s s.o g
tios and nsstins sseh ssockholdsr :haii s. sn:
titled 10 vote for each share Of stock reeistered
ne & :S Ss and 6.
y0rsty in amount Of vvtss cast, each share Of
stock to b. voted upon 70 b counted - oue
board Of directors shall elset from their own
number the of1ceEs OF said COMPANY.
70 al vacancies in their number caused By death
rs:ignation OF otherwi:e. from among the stock;
holden 0f the ccrporation. Tho said board shall
pany, md shall 20 conduct. manage and NE tAs
thar il consistent With the ob3sis Of this CON:
bossd e further aut6orised 70 sdopt such b.:
laws, rulee and rsgulations - the anairs and
business Of the corporation may require, and .!
mansSsmsnt thereof; provided the sane shai
Of tSe State, or Of the United States. Tho ssii
sess ssa. :nS cf: n' I
may deem necessary for the cooducting Of th'
baciness Of the compensation. AZ their compsn
miss them q the bcaFds pleasure The said
board shall have the right TO dx and determine
the ealariss Of the several o@cen herein pro
1oed Tor. ARTICLE VI
This charter may b changed, modified o.
amended. the capital stock increased or do
dressed. or THE eorpos.tiou may. BE- dissolved
st . Ieenefsl meeting OF the stockholdere osu
ysued for this purpose. with tie asseas Of three
represented q such meeting. Ten deye pfio
weekly newspapsr pu6Iishsd in tie parish. Il
oase OF dissolution or termination Of this cor
porutiou, either By limitation Of its charter o.
lrom any cause. tbs liquidation Of its s6ain
shall he conducted by three eommissionefs elee
ted from the stockholdes with . like ascent sns
at Q meeting called for that purpose. - abov
set forth In THE article. Said oommissioner
shall remain in of1ce until the effsi!s OF sd
| corpoeati0u shall have been fully EQuidated II
case Of the death Of one or moro Of the commits
| sioners the survivor or survivors ehall coutinu
| to cot. AprrCr.r VII
No st0ckholder Of this corporation shall eve
b held liable or responsible for the contracts o
| faults thereof in any further Sun than the nm
, paid balance due TIE 0Oupo0y on The shares 9
stock subscribsd for o. owned b him. nor ehal
any informality IN org1nMtion have tho e1ec
| Of rendering this charter null, or exposiug
J stockholder to any liability bsyond the unpai
| balance. II any, On his stock.
|, Thus done sud passed at my notarial ONCE il
I AZ &c., - V>~s3a Gr~nf vaViah T<ni~saus. m