The southern sentinel. (Winnfield, La.) 1883-1910, 1907-05-03
ACT OF INCORPORATION
OF
smITn-0RisnAM DRUG COMPANY


Be Il known and remembered: That on this
the zSth day Of March, 1907. personally came
and appeared before me, Robert Wade Ogiesny.
Notary Public, duly commissioned and quail.
fed in and for the Parish Of Winn and state OF
Louisiana, Aurelius Smith Lawrence Ed. Girls
ham, +. E. Grisham by proxy and o., M. Girls
ham, all residents of VIM Parish. Louisiana,
who declared unto me, that availing themselves
Of the provisions of the Laws of the Stat. of
Louisiana relative to corporations, they have
covenaDted and by these presents do covenant
other persons who may hereafter become assoc
ciated with them to form and constitute them
selves into Corporation in law, for the p9r-
poses and objects and under the terms, stipuia-
tions and conditions, to-wit:
ART. I.
The name and title of this Corporation shall
be SMITH DRUG COMPANY, and
its domicile is hereby established and d xed in
its corporate name it shall have power to con-
tract; TO sue and be sued; to make and use
corporate seal and to change the same at
eossey .e pledge mortgages and
hrpothecate under its corporate name, proper
tx real, personal amt mixed; to name and APP
lint such officers, directors, agents and man
ayers as the interest of said Corporation may
require; to make and establish such bylaws,
rules and regulations for the proper manage
and proper and to change the same at pleasure;
and to do all other acts permitted by law nee
essary and proper to carry out the purposes for
which this CORPORATION Is oEganisedd;; sso,vaa ,n
accordance with the provisions OF this Charter
shall exist and continue for q period or ninety
nine years from ana "a afteE the oaie mercer, III.
absence the General Manager shall be the pro.
per person on whom citation and other legal
process shall be served.
ART. II.
The objects and purposes for which this Cor
b -oA o,l fhn rafr of he
business to be carried on by it are declared to
be, to do general retail drug business and TO
crrry on any other line or lines OF general
pound all kinds Of drugs and to do everything
necessary to crrry on this business.
ART Ill.
The capital stock of this Corporation is here
by fixed at Twenty-Five Thousand Dollars,
shares Of 5000 ffty dollars each, which said
stock shall be paid in cash, or the same may be
issued ct not less than par value in payment
ed that no stock shall be issued until the con-
sideration thereof has been received by said
Corporation.
commence business as soon as Six Thousand
Dollars shall have been subscribed and paid
for and the necessary requirements OF law
additional stock within the limits prescribed
herein shall be issued at the discretion Of the
Board Of Directors OF this Corporation.
All stock cerf1nc8fe& snail De SlEneN oy the
President and Secretary OF said Cooperation.
ART. ",
The corporate powers Of this Corporation
shall be vested in q 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.
srst Board Of Directors, to-wit: A. smith, L.
The i, oiscsrs Of this corporaiion shall be
President, yice-President, Secretary and
Treasurer, but the Secretary and Treasurer
The irst ofhcers Of this Corporation shall be
A. Smith, President, p. 4. 0risham, Vice Pres
ident and o. N. Grisham, Secretary and Treas
The Board of Directors and Officers herein
named shall continue in ONCE until the second
Tuesday in January, ieos. At which time there
shall DC general meeting q tne siocknoIders
OF electing officers and lansaeting such ofher
business rs may come before IL, but II for any
cause new Board is not elected as provided
herein. the old Board shall continue in Office
until the election Of their successors. which
may then may be done BY call meeting for
that purpose.
entitled 70 one vote for each share of stock
owned by him.
Voting may be done by proxy and majority
Of the votes cast shall decide any question,
except ~ herein provided.
A majority of the stock Of this Corporation
shall be necessary 70 constitute quorum for
Vacancies occurring In the Board shall be
filled by the remaining members of the Board
electing someone to fill out the unexpIred term
ART. v.
The Board OF Directors shall have full control
Of the property Of this Cooperation and shan I
The said Board i authorized to frame and
afopt such bylaws rules and regulations and
- wA~w fhn ri hiatt IN nRt he
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 may be dissolved
vened for that purpose With the assent OF three
fourths OF the entire stock issued Thirty days
notice Of such meeting shan be given in writing
BY the Secretary Of the Corporation 70 each
In case Of the dissolution OF this CORPORATION
for any cause the liquidation OF its Affairs shah
be conducted by the Board Of Directors acting.
q liquidation commission
ART. VII.
No stockholder Of this Cooperation shall ever
be liable or responsible for the Contracts there
Of In anx amount other than the amount OF
stock owned BY such stock holder, nor shah any
informally in the Organization ct this Corpor-.
alton have the effect Of rendering this Charter
null or OF exposing . stockholder TO any liabn-
ity beyond the stock owned BY him.
stockholder is shown by the amount placed
opposite the name OF each scribe- to this
Charter.
This done and passed at my Office In the town
Of WINFIELD, winn Parish, Louisiana, on the
dAynnd date nrst named above. in the presence
Of II. n. O'Conne1l and O. @. 0.Malley, two
competent witnesses Who signed theee presents
foxe1her with said appeaxers Who sign hereto
and arknoWledge the amount placed opposite
each name to be the amount a stock subscribed
BIZ each Of them and in the presence Of me,
Notary. after due reading os the whole.
Names No. Of Shares. Amount.
l. 3. j. Gfisham-------- ~ 10000
o. n Grisham ..--.-- n -.-..---..---. 10000