The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-30
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

IdnQ Ill the presence OF TIE WltlleSSeS
hereinafter named and undersigned,
personally came and appeared II. b.
Scoheld, Sterling Palmer and H. W..
Scoheld, all residents of Shreveport,
Louisiana who declared that, avaling
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 |.
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
to make and use a corporate seal, the
same to break or alter at pleasure 4 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
necessary and proper, and the same to
alter and amend at pleasure.
ARTICLE II.
The domcile of the said corporation
shall be in the city of Shreveport, Cad
do parish, Louisiana, and all legal pro-
lcess 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
lshall be FIVE thousand ($5,ooo.oo) dol
lars, divided into fifty shares of one
hundred ($Ioooo) dollars each, as par
lvalue, 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.
All the powers of this corporation
shall be vested in 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 IooS and thereafter
at which time officers shall be elected
and 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.
The board of directors shall have the
power to make all bylaws necessary
for the conduct OF the affairs of said
corporation, shall elect from their NUM-
Der a president vice president, sec
retary and treasurer, provided, how
ever, director may fill any Office Il
connection with the Office of treasurer
and shall also appoint such other of
) ficers. agents and employees as may t
said board seem necessary a majority
thereof shall constitute a quorum fol
the transaction of any and all business
Until election hereinabove provide,
for, and until the officers shall hav'
been elected and qualified the follow
ing shall constitute the first board .
directors and officers of said corpora
ton: H. B. Scoheld, president; II. W
Scofeld, vice president; and Sterlin!
, Palmer, secretary and treasurer.
8 Notice of said election shall be givei
by ten days notice in any one of tn
: public newspapers published in the cit
. of Shreveport At all meetings of stock
Iholders, upon all questions, majorit
|of allI stock voting shall prevail, an
each Nhare shall be entitled to one vote
ARTICLE VI.
. This act of incorporation may be al
Itered and amended by vote of three
lfourths in amount of the capital stoc
Iof said corporation, Or said corporatio
IS may be dissolved by a vote of three
: lfourths in amount of said stock, at
# general meeting of the stockholder
" lconvened for that purpose, after te
n days of prior notice of such meetin
( shall have been published in one of tt
,r daily newspapers of the city of Shrev'
s tport and a copy of said notice mailed