The southern sentinel., 1907-04-05
ACT OF INCORPORATION
OF
PHOENIX DRUG COMPANY. LIMITED.

ACT OF INCORPORATION
PHOENIX DRUG COMPANY. LIMITED.
Be 1t Known and remembered that on this the
S0th day of March, 1907, personally came anu
Appeared before me, Robert Wade oglesby. a
Notary Public, duly commissioned and quan.
fled IN aud for the Parish OF Winn ana state OF
Louisiana, A Smith. Mel. Branch, Tulane n;
Smith and W. ID. Juukins, all residents OF
Winn Parish, Louisiana, who declared unto me,
availIng themselves OF the provisions OF the
laws the State of Louisiana relative 10
corporations, they have covenanteu anu py
these presents do covenant and agree anu
bind themselves as well as all olheE
persons who may hereafter become asso-
themselves into q corporation IN law
tor ne objects and purposes end under TIC
terms, ST. uiations and conditions ioilowine
to wit:
The name and title OF this corporation sha.
be PHOENIx DRUG COMPANY, LTD, aid
its domicile rs nersby established and fixed IN
Winnheid, Winn earish, louisiana, anu under
zLs: 10 sue ana De sued; to make and use u
Coz pOrate seal and to change the same at plea
urei 10 mold. receive, purchase, ALLEVIATE. con-
vey, sell, borrow, pledge, mortgage ana hypo-
thecate under It's corporate came, property
real, personal and mixed; to name and appoint
sa>n officers, directors, agents and managers
=
to make and establish such by laws, rules an.
reguia ons Tor the proper management of L.
affairs as il may drem necessary and proper
and 10 change the same at pleasure; and 10 do
all other acts permitted by law necessary and
proper to carry out the purposes for which this
Corporation is organized.
Said Corporation unless sooner dissolved
in accordance, with the provisions OF
this Charter shall exist and continue for q
period of ninety nine years from and after the
date hereof.
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
poratjon is organized and the nature OF the
business to be carried on by 1t are declared to
be TO do q general retail drug business and to
carry on any other line or lines OF a general
pound all kinds Of drugs and to do everything
necessary to carry on this business
ART Ill.
The capital stock Of this Corporation is here
by hxed at Ten Thousand Dollars, divided into
and represented by Two Hundred shares Of
($5o00) fifty dollars each, which said stock
shall be paid in cash, or the same may be issued
ut not less than par value in payment for pro
perty or rights actually received. provided that
thereof has been received by said Corporation.
This Corporation shall have the right to COM
mence doing business as soon a. Four Thous-
paid for and the necessary requirements Of law
complied with.
Additional stock within the limits prescribed
herein shall be issued at the discretion Of the
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.
first Board of Directors, t,-wit: W: D. Jud-
kins, A. Smith and Mack L.Bnnch.
The officers of this corporation shall be
President, Vice president, Secretary and Tre..
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. ID. Judkfns,
ce-Preside-t, and A. Smith, Secretary and
The Board of Directors and onicers herein
named shall continue in ONCE until the first
Tuesday in February, 1908, at which time there
shall be general meeting of the stockholders
and annually thereafter. held for the purpose
of electing officers and transacting such other
eislness as may c9ioe nsIyae ,S II. ou. s Iol any
herein The old Board shall continue in Office
until the election of their successors which
may then be done BY call meeting for that
purpose.
Al every election each stockholder shall be
entitled to one vote for each share OF stock
owned by him.
Of the votes east shall decide any question,
except a. herein provided
a majority of the stock of this corporation
shall be necessary to constitute . quorum Tor
The transaction Of any business.
Vacancies occurring In the Board shall be
flied by the remaining members of the Board
electing someone to I'LL out the unexplred term.
ART. v.
The Board of Directors shall have full con-
troll OF the property OF this corporation and
shall manage the same - in their discretion
The said Board il authorized to frame and
to change the same at their pleasure as 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 may be dissolved at
for that purpose with the assent of three
fourths Of the entire stock issued. Thirty days
notice of such meeting shall be given in writing
by the Secretary Of the corporation to each
stockholder Of the same
In case OF dissolution OF this corporation for
any cause the liquidation Of its affairs shall be
conducted by the Board of Directors acting as
o 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 stockholder, nor shall any
alton have the effect OF rendering this charter
null or Of exposing a stockholder to amy habil-
ity beyond the stock owned by him.
The amount Of stock subscribed by each
stockholder is shown bv the amount placed
opposite the name OF each subscriber to this
Chatter.
This done and passed at my ONCE in the town
OF WINFIELD, Winn Parish, Louisiana, on the
49, and dafe 0rek = p.nned a1,ove IN fha v.rozence