The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-23
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State of Louisiana, Parish of Caddo
Before me, j. A. Thigpen, notary pub
lie Ill 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 I.
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 a period of twenty-five
years from the date hereof unless
sooner dissolved as hereinafter provid-
ed. It shall have the power to contract
md be contracted with, sue and be sued,
to make and use corporate seal, the
same to break or alter at pleasure; to
hold, receive, lease, purchase, sell and
convey, as well as mortgage and hy-
pothecate, under its said corporate
name, property both real and personal
Ito 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-
quire; to make and establish such by
laws, rules and regulations as may be
..ecessary and proper, and the same to
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, i'll the city OF
Shreveport, retail drug business.
ARTICLE ".
The capital stock of said corporation
shall be FIVE thousand ($5,ooooo) dol
lars, divided into fifty shares of one
hundred ($Ioooo) dollars each, as a par
value, to be issued for cash, or its
equivalent; and this corporation shall
become a going concern as soon as thir-
|ty (3o) shares Of its said stock shall be
subscribed and paid for.
ARTICLE V.
All the powers of this corporation
shall be vested i'll and be exercised by a
board of directors, and all the business
affairs shall be conducted by said board
to be composed of not less than three
and not more than five stockholders
who shall be elected annually, by bal
| lot, at meeting to be held on the first
Monday in May 1908, and thereafter
at which time officers shall be elected
and shall hold their respective Offices
until their successors are elected ant
qualified. Vacancies occurring in sale
board, from whatever cause, shall bt
filled by the remaining directors.
The board of directors shall have the
power to make all bylaws necessary
for the conduct of the affairs of sale
corporation, shall elect from their mum
Der president, vice president, a sec
retary and a treasurer, provided, how
ever, director may fill any office ii
connection with the Office of treasurer
and shall also appoint such other of
lfcers, agents and employees as may IL
said board seem necessary; majorit,
thereof shall constitute a quorum fo
the transaction of any and all business
Until election hereinabove provided
for, and until the officers shall hav,
been elected and qualified, the follow
ling shall constitute the first board o
directors and officers of said corpora
ition: H. B. Scoheid, president; H. w
Scoheld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice of said election shall be givel
Il
lby ten days notice in any one of til