The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-19
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

State OF Louisiana, Parish of Caddo
Before me, J. 4. Thigpen, a notary pub.
lie III and for Caddo Parish, Louisiana
and III 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, availino
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
Istlpulatlons as hereinafter set forth. to-
lWit:
ARTICLE I.
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
same to break or alter at pleasure; to
hold, receive, lease, purchase, sell and
convey, as well as mortgage and ny
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-
venlence of said corporation NAV re-
qulre; 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 donicile 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
poration are to conduct, in the city of
Shreveport, a retail drug business.
ARTICLE ".
The capital stock of said corporation |
shall be five thousand ($5,ooo.oo) dol !
lars, divided into fifty shares of one
hundred ($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 ".
All the powers of this corporation
shall be vested i'll and be exercised by a
board of directors, and all tie 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 a 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
lied by the remaining directors.
he board of directors shall have the
power to make all bylaws necessary
or the conduct of the affairs of said
shall elect from their num-
'er president, a vice president, a sec
etary and treasurer, provided. how
yer, director may fill any office iii
onnectlon with the Office of treasurer,
nd shall also appoint such other Of
cers, agents and employees as may to
aid board seem necessary; a majority
hereof shall constitute a quorum Tor
he transaction OF any and all business.
Until election hereinabove provided
or, and until the officers shall have
cen elected and qualified, the follow
lg shall constitute the first board of
irectors and officers of said corpora
on: H. B. ScofeId, president; H. w.
cofield, vice president; and Sterling !
'almer, secretary and treasurer. {
Notice of said election shall be given {
y ten days notice lii any one of the {
ublic newspapers published in the city
Shreveport. At all meetings of stock t,
olders, upon all questions, majority 6
all stock voting shall prevail, and l
ich share shall be entitled to one vote.
ARTICLE VI.
This act of Incorporation may be al
red and amended by a vote of three
'urths in amount of the capital stock
said corporation, Or said corporation 8
ay be dissolved by vote of three h
urths in amount of said stock. at Il
,neral meeting OF the stockholders :
nvened for that purpose, after ten
lys of prior notice of such meeting
all have heen n,,hIished II, ono of +ta \