New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-07-07
shall be THE PEOPLES
DRUG COMPANY LIMITED and


Ninety Nine Years from and after th'
day and date of this act 1t shall
have the power to contract, to sue anC
be sued, to make and use a corporal,
seal and the same to break and alter
at pleasure; to have, hold, and re
ceive, purchaes. sell, convey, lease
pledge. bond ,hypohthecate, and mort
gage property of any kind whether
real, personal, or mixed, corporal OIL
inoOrpOroal in or out of the State OF
Louisiana; to have and appoint such
managers, directors, officers, and
agents as its business may require
and to make and establish as well as
to alter and ahmed from time to time
such BY laws, Rules, and Regulations
for the proper management and gov
eminent of the affairs of said corpora
tion as may be necessary and proper
and generally to possess all the powers
| hereinafter Enumerated and that are
now or may hereafter be conferred by
law or necessary to promote its objects
and interests.
ARTICLE Ii.
The domicile of this corporation
shall be in New Iberia, iberia Parish
Louisiana, where service of citations
aud other legal process shall be made
upon the President of said corporation
or in case of his absence, upon the
Vice President or upon the Secretary
of said corporation in the absence of
both of said former officers.
ARTICLE Ill.
The object and purposes of this cor
poration are declared to be to estab-
llsh and operate drug stores, to buy
deal in, sell and compound drugs and
medicines and to make and manufac-
ture toilet articles and generally to
carry on the drug BUSINESS incidental
and pertinent to the above objects and
purposes.
ARTICLE ".
The capital stock of this corpora
ION is hereby declared to be the sum
of Twenty Five Thousand Dollars di-
vided into and represented by One
Thousand Shares of the par value of
Twenty Five Dollars each, which
stock shall be paid for in cash or in
such installments rs the Board of Di-
.rectors mry fix, or may be issued in
payment of labor or services rendered
or property transferred to the corpora
tiOn in the discretion of the Board of
Directors. In case any of said CAPT
tai stock shall be issued for property
received the Board of Directors shall
first appraise said property and
such appraisement shall be final and
binding upon all stock holders. All
shares of stock shall be issued as full
paid and non -assessab1e and no trans
fer of stock shall be binding upon the
corporation unless recorded upon its
books All transfer of stock shall be
signed by the stakeholder or his At
torney Stock book shall be closed
for the transfer of stock ten days be-
fore election. No certificate of stock
shall be issued until the same shall
have been paid for in full. Certiti
cate of stock issued shall be signed by
such officers of this corporation as the
Board of Directors may designate.
No transfer of stock shall be made on
the books of the corporation if the
holder thereof is indebted to the cor
poration until such debt shall have
been liquidated and paid. The CAPT
tai stock may be increased or denim
ished as provided by law This cor
poration may commence business
when Five Thousand of it's capital
shall have been subscribed and paid
for in full.
ARTICLE V.
All the corporate powers OF this
shall be vested in and ex-
ercised and the business and affairs
of this corporation shall be managed
and conducted by Board of Directors
of stockholders each of
whom must own at least Four Shares
q majority of whom shall constitute
a qurom in the transaction of bust
hess Said directors shall be elected
at the annual meeting of the stock
holders of this corporation to be held |
on the first Tuesday in May of each |
year or at such times as may be neoes-
sary or convenient. All such election |
shall be by ballot and conducted at the
office of the corporation under the
of the President or in |
,ase of his absence or inability to act |
1nder the supervision of any other
officer of the corporation and of such |
9lection written notice shall be mail.
I'd to each stock holder at his last
Post Office address recorded in the
Books of the corporation. No less
hen fifteen days previous to the day
If such election. Each stakeholder
hall be entitled to act either in per-
on or sby written proxy one vote for
ZACH share of stock owned by him,
which shall have been standing in
lis name on the Books of the corpora
ion for at least cen days prior to the
late of said election. A majority of
he votes cast shall election; the
Board of directors of this corpora
ion at it's meeting in each year shall
lect from its members president
nd a vIce-president. The said Board
4 Directors shall also elect secre-
airy and treasurer as the said Board
nay determine, which said person or
ersons must also be member or men,
ers of said Board of Directors. The
rst Board of Directors shall consist
f Armand Y. Boutte, Valmire
olivier, Emile j. LaBranche, Rev.
ames A. Herod, Where Dupre, Virgil
outte and Edwin Hebert, with the
aid Armand V. Boutte, president;
admire Olivier, as vice. president
nd said Emile J. LaBranohe as Sec
TN nd Go,I