The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-28
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State or LOUISIANA, ParlSl OF CdQuO
Before me, J. A Thigpen, notary pub
| lie i'll 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: ,.s.5s>-
ARTICLE I. -aA
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
lexistence for period of twenty-five
years from the date hereof, unless
sooner dissolved as hereinafter provid-
led. 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
pothecate, 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-
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 Ill.
The objects and purposes of this cor
poration are. to conduct, in the city of
Shreveport, retail drug business.
ARTICLE ".
The capital stock of said corporation
shall be FIVE thousand (S5.ooooo) dol
lars, divided into fifty shares of one
hundred ($Ioo.oo) dollars each, as par
value, to be issued for cash, or its
equivalent; and this corporation shall
become going concern as soon as thir
ty (3o) shares of its said stock shall b,
subscribed9and 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 t.le 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,
1t which time officers shall be elected
md shall hold their respective Offices
until their. successors are elected and
qualified. Vacancies occurring in said
board, from whatever cause, shall be
illed by the remaining directors.
of Il, t,ox IL,
power to make all bylaws necessary
for the conduct of the affairs of sail
corporation, shall elect from their mum
Der president, vice president, sec
retary and a treasurer, provided, how
ever, director may fill any Office in
connection with the office of treasurer
and. shall also appoint such other of
icers, agents and employees as may ID
said board seem necessary; a majority
thereof shall constitute quorum fer
the transaction of any and all business.
Until election hereinabove provided
for, and until the officers shall have
been elected and qualified, the follow
ing Slldil COiSlltult tilt- III DOdIu OI
directors and officers of said corpora
tion: Fl. B. Scofe1d, president; Fl. w
Scoheld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice. of s,,id election shall be given
by ten days notice in any one of the
public newspapers published in the city
of Shreveport. At all meetings of stock
holders, upon all questions, a majority
of all stock voting shall prevail, and
each share shall be entitled to one vote
ARTICLE VI.
This act of incorporation may be al
tered and amended by vote of three
fourths in amount of the capital stock
|of said corporation, Or said corporation
may be dissolved by vote of three
fourths in amount of said stock, at a
general meeting of the stockholders
convened fdE that purpose, after ten
days of prior notice Of such meeting