The southern sentinel. (Winnfield, La.) 1883-1910, 1907-05-10
ACT OF INCORPORATION
OF
PHOENIX DRUG COMPANY. LIMITED.

ACT OF INCORPORATION
OF
PHOENIX DRUG COMPANY. LIMITED.
Be IL known and remembered that ON this the
3oth day of March. 1907, personally came ana
appeared before me. Robert Wade Ogiespy,,
fed in and for the Parish of Winn and State OF
Louisiana, A Smith, Mel. BrAhch, Tulane
Smith and w. ID. Judkins. all residents OF
awaiting themselves of the provisions OF the
laws OF the State of Louisiana relative 70
corporations, they have covenanteo anu ~
bind themselves as well as all other
persons who may hereafter become asso-
ciated with them to form and constitute
for the objects and purposes and under the
terms, stipulations and conditions foiiowing'
to-wit:
The name and title of this corporation shall
be PHOENIX DRUG COMPANY, LTD, and
its domicile is hereby established and nxea IN
WINFIELD. Winn Parish. Louisiana, and under
its corporate name it shall have power 20 con-
Ia act; to sue and be sued; to make and use
corporate seal and to change the same at pleas
urei to hold, receive, purchase, alternate, con
vey, sell, borrow, pledge, mortgage and nypo-
thecate under its corporate came, properly
real, personal and mixed; to name and appoint
such officers, directors, agents and managers
as the interest of said Corporation may require;
to make and establish such bylaws, rules ana
regulations for the proper management OF us
affairs as it may deem necessary and proper
and to change the same at pleasure; and TO DO
all other acts permitted by law necessary and
proper to carry out the purposes for which tins
Corporation is organized.
Said Corporation unless sooner dissolved
in accordance with the provisions OF
this Charter shall exist and continue for a
period Of ninety-nine years from and after tue
The President of this Corporation or in his
absence the General Manager shall be the pro,
per person on whom citation and other legal
proceedings shall be served.
ART. II.
The objects and purposes for which this Cor
poration is organized and the nature OF the
business TO be carried on by IL are declared to
be to do a general retail drug business and TO
carry on any other line or lines of general
mercantile business, to manufacture and COM
pound all kinds of drugs and to do everything
necessary to carry on this business.
ART. III.
The capital stock of this Corporation is here
| by fsed at Ten Thousand Dollars. divided into
and represented by Two Hundred shares OF
| $4,000 fifty dollars each, which said stock
shall be paid in cash, or the same may be issued
at not less than par value in payment for pro-
perry or rights actually received, provided that
no stock shalisbe issued until the consideration
thereof has been received by said Corporation.
This Corporation shall have the right to COM
mence doing business as soon as Four Thous-
| and dollars shall have been subscribed and
I paid for and the necessary requirements OF law
Additional stock within the limits prescribed
herein shall be issued Mt the DESCRIPTION of the
Board of Directors of this Corporation.
All stock certificates shall be signed by the
President and Secretary OF the said corporation.
ART. ".
The corporate powers of this corporation
shall be invested In Board Of Directors.
The Board Of Directors shall consist of three
stockholders Of the said corporation, two OF
whom shall constitute quorum for the trans
action Of business.
The following persons shall constitute the
first Board of Directors, to-wit: w. d. judi
kins, AZ Smith and Mack L-Branch.
The officers of this corporation shall be
President, yice-President, Secretary and Trea-
surer, but the Secretary and Treasurer shall
both be filed by one and the same person.
The first officers of this corporation shall be
Mack L. Branch. President; w. D. Judkins,
Vice President, and A. Smith, Secretary and
The Board OF Directors and Officers herein
named shall continue in office until the frst
Tuesday in February, 1908, at which tine there
shall be general meeting Of the stockholders
and annually thereafter, held for the purpose
| Of eleeting officers and transacting such other
business as may come before II. but If for any
cause new Board Is not elected IS provided
herein the old Boari shall continue in eitice
until the election OF their successors, winch
may then be done by call meeting for that
AZ every election each stakeholder shall be
entitled 10 one vote for each share Of stock
owned BY him.
Voting may be done by proxy and a majority
| of the votes cast shall decide any question.
except rs herein provided
A majority OF the stock OF this corporation
shall be necessary TO constitute q quorum for
the transaction of any business.
Vacancies occurring In the Board shall be
| filed by the remaining members of the Board
eiecting someone to I'LL out the unexpired term
| ART. v.
| The Board OF Directors shall have full con-
/ troll Of the property of this corporation and
shall manage the same IS in their discretion
The said Board is authorized to frame and
adopt such bylaws rules and regulations and
!. to change the same at their pleasure IS the
business of the said corporation may require.
ART. VI.
This charter may be changed, modified or
amended, the capital stock increased or de-
creased, or the corporation msp be dissolved at
| . genera meetin~ Of the stockholders convened
| iourths Of the entire stock issued. Thirty days
\ notice Of such meeting shall be given in writing
by the Secretary Of the corporation to .ach
| In case of dissolution Of this corporation for
i any cause the liquidation OF it's Affairs shall be
conducted by the Board Of Directors acting ~
liquidation commission
| ART VII.
No stockholder OF this corporation shall ever
be liable or responsible for the contracts there
| Of IN any amount other than the amount of
stock owned by such stakeholder, nor shall any
alton have the eject Of rendering this charter
| null or Of exposing d stakeholder TO any nabil-
| ity beyond the stock owned by him.
The amount OF stock subscribed BY each
! stockholfIer is shown bv the amount placed
opposite the name Of each subscriber 70 this
| Chafter
This done and passed At my office in the town
/ of winfield. Winn Parish, Louisiana, on the
day and date frst named above, in the presence
/ OF b. NJ 9risham ard John H. Mathews, two
| competent witnesses. whe signed these pres
snts together With SAD sRpe.ssrs v Who n,s ssa