The southern sentinel. (Winnfield, La.) 1883-1910, 1907-04-19
ACT OF INCORPORATION
sMITi-oRIsHAM DRUG COMPANY

Smlt us0xfSuAm Ot(O0 (OmFANr
Be il known and remembered: That on this |
the 18th day Of March, 1907. personally came
and appeared before me, Robert Wade Oglesby. |
. Notary Public, duly commissioned and quali- |
ned ~ and ior ths Parish o. Mlnn ana 11a H 81
ham, +. y Grisham by proxy and 0; NJ Girls
ham, allresidents OF VIM Parish. Louisiana,
who declared unto me. that awaiting themselves
Louisiana relative to corporations, they have
and by these presents do covenant
and agree and bind themselves as well as al
ciated with them to form and constitute them
selves into Corporation In law, for the pur-
poses and objects and under the terms, stipula-
tions and conditions, to-wit:
ART. 1.
The name and title OF this Corporation shall
be SMTTH-GRISHAM DRUG COMPANY, and
its domicile is hereby established aud haed in
WINFIELD, Winn Parish, Louisiana. and under
its corporate name it shall have power to con-
tract; to sue and be sued; to make and use
corporate seal and to change the same a.
pleasure; to hold, receive, purchase, ALLEVIATE
hypolhecate under its corporate name, proper
" real, personal amt mixed; to name and APP
point such officers, directors, agents ard man.
ayers as the interest OF said Corporation may
require; TO make and establish such bylaws.
rules and regulations for the proper manage
ment OF its affairs as IL may deem necessary
and TO do all other acts permitted by law nee
essary and proper to carry out the purposes for
which this Corporation is organized:
Said CORPORATION unless sooner dissolved in
accordance with the provisions of This Charter
shall exist and continue for period or ninety
nine years from and after the date hereof.
The President of this Corporation or in his
abseace the General Manager shall be the pro-
per person on whom citation and other legal
process shall be served.
ART. III.
The objects and purposes for which this Cor
poration il organized and the nature OF the
business to be carried on by it are declared to
be, to do q general retail drug business and TO
crrry on any other line or lines OF general
mercantile business, to manufacture and com
pound all kinds OF drugs and to do everything
necessary to crrry on this business.
The capital stock Of this Corporation is here
by fixed at Twenty-fv thousand Dollars,
divided into and represented by Five Hundred
stock shall be paid in cash, or the same may be
issued at not less than par value in payment
for property or rights actually received. prorid-
sideration thereof has been received BY said
Corporation.
This Corporation shall have the right to
Dollars shall have been subscribed and paid
for and the necessary requirements OF law
complied with.
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 said Corporation
ART. Nv,
The corporate powers Of this Corporation
The Board Of Directors shall consist Of three
stockholders of the said Corporation, two Of
whom shall constitute quorum for the trans
The following persons shall constitute the
first Board OF Directors, to-wit: A. Smith, l..
T. ]. Grisham and Q. N. GUsham-
urr~- - 81 l. @s<vx rl.n he =
President, svice-President, Secretary and
Treasurer, but the Secretary and Treasurer
shall both be filed by one and the same person.
A. Smith. President. p e. GrisSam, vics-Pre
ident and o. NJ. Grisham, Secretary and Treas
urer.
named shall continue in office until the second
Tuesday in January, 1905. 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 as may come before IL, but IL for any
cause new Board Is not elected as provided
herein, the cid Board shall continue in once
until the election of their successors. which
may then may be done by call meeting for
AT every election each stakeholder shall be
entitled % one vote for each share OF stock
Voting may be done by proxy and q majority
OF the votes cast shall decide any question.
except IS herein provided
majority of the stock Of this Corporation
shall be necessary TO constitute a 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 NIL out the unexp1red ter N
ART. v,
The Board of Directors shall have full control
of the property of this Corporation and shall
manage the same as in their discretion they
The said Board is authorized to frame and
adopt such bylaws, rules and regulations and
to change the same ut their pleasure rs 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
1t . general meeting of the stockholders con-
os that ~i sns
notice Of such meeting shall be given IN writing
BY the Secretary OF the Corporation to each
stoekholder OF the same;
for any cause the liquidation Of its affairs shall
be conducted by the Board Of Directors acting.
- . liquidation commission.
ART. VII.
No stockholder OF this Corporation shall ever
81 Id any amount other than the amount OF
stock owned by such STOCK holder, nor shall any
informally in the organization Of this Corpor-
null o. 81 esposins stocf holder 10 any iiabil-
ity beyond the stock owned By him.
The amount OF stock subscribed BY each
stockholder Is shown by the amount placed
Charter Charter s -- = ~ 49,
This done and passed at my ONCE in the town
Of winn6eid, VIM Parish, Louisiana, on the
OF II. 81. o'Connell and O. O. osAalley. two
competent witnesses who signed these presents
together with said appearers who sign hereto
each name TO be the amount Of stock subscribed
by each Of them and in the presence Of me,