The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-07
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

lie in 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
Scofeld, all residents of Shreveport
Louisiana, who declared that, availine
themselves of the laws of the State OF
Louisiana relative to the formation OF
corporation and body polite in law for
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 I.
The name and style of this corpora
ton shall be SCOFIELD DRUG CON-
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 a corporate seal, the
same to break or alter at pleasure; to
hold, receive, lease, purchase, sell and
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
necessary and proper, and the same to
alter and amend at pleasure.
ARTICLE H.
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
poratlon are to conduct, in the city OF
retail drug business.
ARTICLE ".
The capital stock of said corporation
shall be FIVE thousand ($5,ooooo) dol
ars, divided into fifty shares of one
hundred ($Ioo.oo) dollars each, as pal
value, to be issued for cash, Or its
equivalent; and this corporation shall
become going concern as soon as thir
~ 900 shares of its said stock shall be
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 1908, 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
filed 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
shall elect from their num-
Der president, vice president, sec
retary and treasurer, provided, how
ever, director may fill any Office III
with the office of treasurer,
and shall also appoint such other of
ficers, agents and employees as may tc
said board seem necessary; majority
thereof shall constitute a quorum for
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 shall constitute the first board of
directors and officers of said corpora
ton: H. B. Scofeld, president; H. W.
Scofeld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice of said 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, 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 for that purpose, after ten
days of prior notice of such meeting
shall have been published in one of the
daily newspapers of the city of Shreve-
mort and a ronv of said notice mailed to