The Caucasian. (Shreveport, La.) 1900-192?, 1907-06-11
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State OF LOUISIANA, Parish OF Caddo ::
Before me, J. A. Thigpen, notary pub
lie I'm and for Caddo Parish, Louisiana,
and in the presence of the witnesses
hereinafter named and undersigned,
personally came and appeared H. B.
Scoheld, Sterling Palmer and H: w.
Scoheld, all residents of Shreveport,
Louisiana, who declared that, availing
themselves of the laws of the State of
Louisiana relative to the formation of
corporations, they do hereby, for them
selves and for those who may hereafter
become associated with them, form a
corporation and body polite in law for
the objects and purposes and under the
stipulations as hereinafter set forth, to-
wit:
ARTICLE /.
The name and style of this corpora
ton shall be SCOFIELD DRUG COM
PANY, LIMITED, and under which
name it shall have and enjoy corporate
existence for period of twenty-five
years from the date hereof, unless
sooner dissolved as hereinafter provid-
ed. 1t shall have the power to contract
and be contracted with, sue and be sued
to make and use a corporate seal, the
same to break or alter at pleasure; to
| hold, receive, lease, purchase, sell and
convey, as well as mortgage and hy-
fpothecate, under its said corporate
name, property both real and personal
| to borrow and lend money, to give and
receive securities therefor; to name and
appoint such managers, directors, off
GERS and agents as the interests and con-
venience of said corporation may re-
luire; to make and establish such by
laws, rules and regulations as may be
necessary and proper, and the same tc
alter and amend at pleasure.
ARTICLE II.
The domicile of the said corporation
| shall be in the city of Shreveport, Cad
do parish, Louisiana, and all legal pro
cess shall be served upon the president
or, in his absence, upon the secretary.
ARTICLE III.
The objects and purposes of this cor
poration are to conduct, in the city O.
Shreveport, retail drug business.
ARTICLE ".
/ The capital stock of said corporation
shall be FIVE thousand ($5,ooooo) dol
lars, divided into fifty shares of on
hundred ($Ioooo) dollars each, as pa
value, to be issued for cash, or it
equivalent; and this corporation shal
become going concern as soon as thir
lty (3o) shares of its said stock shall b
subscribed and paid for.
/ ARTICLE V.
All the powers of this corporation
shall be vested in and be exercised by
tboard of directors, and all the busines
affairs shall be conducted by said hoare
to be composed of not less than thre
and not more than FIVE stockholder:
i who shall be elected annually, by bal
lot, at meeting to be held on the frs
Monday in May 1908, and thereafter
lat which time officers shall be electe
and shall hold their respective office
until their successors are elected an
qualified. Vacancies occurring in sal
board, from whatever cause, shall b
filled by the remaining directors.
j. The board of directors shall have th
. power to make all bylaws necessar
flor the conduct of the affairs of sal
j corporation, shall elect from their nuf-
: Der president, vice president, set
retary and treasurer, provided, how
director may fill any Office
! connection with the Office Of treasure