The Caucasian. (Shreveport, La.) 1900-192?, 1907-06-13
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State of Louisiana Parish of Caddo
Before me, J. A. Thigpen, notary pub
lie in and for Caddo Parish, Louisiana,
and in the presence of the witnesses
| hereinafter named and undersigned,
personally came and appeared H. B.
Scofeld, Sterling Palmer and H. w.
Scofeld, 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:
ARTICLE T.
| 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 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
hold, receive, lease, purchase, sell and
convey, as well as mortgage and hy-
Ipothecate, 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 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 III.
The objects and purposes of this cor
lporation are to conduct, in the city OF
Shreveport, retail drug business.
/ ARTICLE ".
| The capital stock of said corporation
shall be five thousand ($5,ooooo) dol
lars, divided into fifty shares of one
hundred ($Ioooo) 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 be
subscribed and paid for.
ARTICLE V.
| All the powers of this corporation
shall be vested in and be exercised by {
board of directors, and all the business
affairs shallbe 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 frs
Monday i'll May 1908, and thereafter
at which time officers shall be elected
I and shall hold their respective Office
3 until their successors are elected ant
1 qualified. Vacancies occurring i'll sait
board. from whatever cause, shall b.
filled by the remaining directors.
u The board of directors shall have th'
power to make all bylaws necessar,
, for the conduct of the affairs of salt
corporation, shall elect from their mum
. Der president, vice president, sec
retary and a treasurer, provided, how
ever, a director may fill any office il
{ connection with the Office of treasurer
and shall also appoint such other of
6cers, agents and employees as may t.
said board seem necessary; a majorit
thereof shall constitute a quorum fo
the transaction of any and all business
Until election hereinabove provide
for, and until the officers shall hav
3 been elected and qualified, the follow
: ing shall constitute the first board O
directors and officers of said corpora
tion H. B. Scofeld, president; H. W
Scofeld, vice president; and Sterlin
Palmer, secretary and treasurer.
Notice of said election shall be give
. by ten days notice in any one of tn
s{}public newspapers published in the cit
: of Shreveport. At all meetings of stock
. holders, upon all questions, majorit
Z of all stock voting shall prevail, an
z leach share shall be entitled to one vot'
. ARTICLE VI.
= This act of incorporation may be a
tered and amended by vote of three
fourths in amount of the capital stoc
# of said corporation, Or said corporatio
may be dissolved by vote of three