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

OF
PHOENIX DRUG COMPANY, LIMITED.
Be il known and remembered that on this the
sgth day OF March, 1907, personally came and
appeared before me. Robert Wade ogiesoy, q
Notary Public duly commissioned and quail
fed in and for the Parish OF Winn and State OF
Louisiana, Smith, Mel. Branch, Tulane n;
Smith and w. ID. Judkins, all residents OF
winn Parish. Louisiana who declared unto me,
awaiting themselves of the provisions OF the
laws of the State of Louisiana relative TO
corporations, they have covenanted and by
bind themselves as well as all other
persons who may hereafter become asso-
ciated with them to form and constitute
for the objects and purposes and under the
terms, stipulations and conditions following,
to-wit:
The name and title of this corporation shall
be PHOENIX DRUG COMPANY, LTD, and
its domicile is hereby established and liked IN
WINFIELD, Winn Parish, Louisiana, and under
its corporate name il shall have power TO con-
u act; to sue and be sued; to make and use
corporate seal and TO change the same at pleas
ure; to hold, receive, purchase, ALLEVIATE, con-
yey, sell, borrow, pledge, mortgage anu hypo-
real, personal and mixed; to name and appoint
such officers, directors, agents and managers
as the interest of said Corporation may require;
to make and establish such bylaws, rules and
regulations for the proper management OF ITS
affairs as 1t may deem necessary ana proper
and to change the same at pleasure; and 70 u 40
proper to carry out the purposes Tor which TINS
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
absen1e the General Manager shall be the pro.
per person on whom citation and other legal
proceedings shall be served.
ART. IL.
The objects and purposes for which this Cor
poration is organized and the nature OF the
business to be carried on by il are declared to
be TO do u general retail drug business and to
carry on any other line or lines OF general
pound all kinds of drugs and to do everything
necessary to carry on this business
ART. III.
The capital stock OF this Corporation is here
BY dred at Ten Thousand Dollars, divided into
and represented by Two Hundred sl shares o.
shall be paid in cash, or the same may be issued
at not less than par value in payment for pro-
perty or rights actually received, provided that
no stock shali.be issued until the consideration
thereof has been received by said Corporation.
This Corporation shall have the right to COM
mence doing business as soon as Four Thous-
and 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 certificates shall be signed by the
President and Secretary of the said corporation.
ART. ".
The corporate powers of this corporation
shah be invested in a 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.
The following persons shall constitute the
first Board of Directors, to-wit: w. d. Jud-
kins, A. Smith and Mack L-Branch.
The officers of this corporation shall be q
President, vice-President, Secretary and Trea-
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. D. Judkins,
Vice President, ana A. Smith, Secretary and
The Board Of Directors and Officers herein
named shall continue in Office until the nrst
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
business Is may come before IL. but If for any
IGanse new Board Is not elected as provided
herein the old Board shall continue in office
until the election Of their successors, which
may then be done by . call meeting for that
"A Al every election each stockholder shall be
entitled 70 one vote for each share of stock
owned by him.
Voting may be done by proxy and majority
of the votes cast shah decide any question,
except as herein provided.
A majority Of the stock Of this corporation
shall be necessary to constitute quorum for
the transaction of any business
Vacancies occurring in the Board shall be
filled by the remaining members OF the Board
electing someone TO fiji out the unexp4red term.
ART ".
The Board Of Directors shall have full con-
troll Of the property of this corporation and
shall manage the same as in their discretion
The said Board Is authorized to frame and
adopt such bylaws, rules and regulations 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
Q general meeting Of the stockholders convened
for that purpose with the assent q three
notice Of such meeting shall be given in writing
by the Secretary Of the corporation to each
stakeholder Of the same.
any cause the liquidation Of its affairs shall be
conducted by the Beard OF Directors acting -
Q liquidation commission.
ART. VII.
No stakeholder Of this corporation shall ever
be liable or responsible for the contracts there
stock owned by such stockholder, nor shall any
informality IN the organization of this corpor-
alton have the effect Of rendering this charter
null or of exposing stockholder TO any liabil-
ify beyond the stock owned by him.
The amount OF stock subscribed by each
stockholder is shown BY the amount placed
Chatter
Thin done and passed at my once in the town
Of WINFIELD, Winn Parish, Louisiana, on the
day and date frst named above, IN the presence
of D. NJ Grisham and John RI. Mathews, two
competent witnesses. who signed these pres
ents together with said appearers who sign