The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-12
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State of Louisiana, Parish of Caddo:
Before me, J. A. Thigpen, notary pub
lie in and for Caddo Parish, Louisiana,
and in the presence of the witnesses
hereinafter named and undersigned,
personally came and appeared H. B.
Scofeld, Sterling Palmer and H. w.
| Scofeld, all residents of Shreveport,
Louisiana, who declared that, awaiting
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 l.
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. 1t shall have the power to contract
and 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-
lpothecate, 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-
Iquire to make and establish such by
flaws, rules and regulations as may be
necessary and proper, and the same to
alter and amend at pleasure.
ARTICLE II.
The dornicile of the said corporation
lshall be In the city of Shreveport, Cad
do parish, Louisiana, and all legal pro-
cess shall be served upon the president,
Tor, in his absence, upon the secretary
| ARTICLE III.
The objects and purposes of this cor
operation are to conduct, in the city of
shreveport, retail drug business.
+ ARTICLE ".
| The capital stock of said corporation
shall be FIVE thousand ($5,ooo.oo) dol
liars, divided into fifty shares of one
hundred ($Ioooo) dollars each, as par
value, to be issued for cash, or its
equivalent; and this corporation shall
become going concern as soon as thir-
lty (3o) shares of its said stock shall be
subscribed and paid for.
| ARTICLE V.
4 Ali the powers of this corporation
shall be vested in and be exercised by a
Iaffairs 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,
lat which time officers shall be elected
and shall hold their respective Offices
until their successors are elected and
lquali6ed Vacancies occurring in said
board, from whatever cause, shall be
filled by the remaining directors.
The board of directors shall have the
lpower to make all bylaws necessary
for the conduct of the affairs of said
Incorporation, shall elect from their num-
Der a president, vice president, sec
rotary and treasurer, provided, how
lever, a director may fill any Office in
connection with the Office of treasurer,
land shall also appoint such other of
hcers, agents and employees as may to
lsaid board seem necessary; majority
thereof shall constitute a quorum for
the transaction of any and all business.
Until election hereinabove provided
flor, and until the officers shall have
been elected and qualified, the follow
ing shall constitute the first board OF
directors and officers of said corpora
Ition: H. B. Sco6eld, president; H. w.
Sco6eld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice of said election shall be given