The southern sentinel. (Winnfield, La.) 1883-1910, 1907-05-10
ACT OF INCORPORATION
OF
sMrTn-0RIsnAM DRUG COMPANY

Be ii known and remembered: That on this
the 18th day OF March, 1907. personally came
and appeared before me, Robert wade ogiespy.
q Notary Public, duly commissioned and quail
fed in and for the Parish of Winn and State OF
Louisiana, Anrelius Smith Lawrence Ed. Gris-
ham, p. Il. Grisham by proxy and o. NJ. Gris-
who declared unto me, that availing themselves
CT the provisions of the Laws of the State OF
Louisiana relative to corporations, they nave
and agree and bind themselves as well as all
other persons who may hereafter become assoc
ciated with them to form and constitute them
selves into Corporation in law, for the pnr-
tions and conditions, to-wit:
ART. /.
The name and title Of this Corporation shall
be SMITH-GRISHAM DRUG COMPANY, and
its domiciie is he aby established and fixed in
WINFIELD, Wilma arish, Louisiana. and under
its corporate name 1t shall have power to con-
tract; to sue and be sued; to make and use
corporate seal and TO change the same at
pleasure; to hold, receive, purchase, ALLEVIATE,
convey, sell. borrow, pledge, mortgage and
hypothecate under its corporate name, proper
ty real, personal and mixed; to name and ap-
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 II 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; s =.
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
absence the General Manager shall be the pro-
per person on whom citation and other legal
process shall be served.
ART. IL.
The objects and purposes for which this Cor
poration is organized and the nature OF the
business TO be carried on by it are declared to
be- to do general retail drug business and TO
crrry on any other line or lines OF general
mercantile business, to manufacture and com
pcand 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-Five thousand Dollars,
divided into and represented by Five Hundred
Shares of tS5000l fifty dollars each, which said
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. provid-
ed that no stock shall be issued until the con,
sideration thereof has been received by said
Corporation.
commence business as soon as Six Thousand
Dollars shall have been subscribed and paid
for and the necessary requirements OF law
Additional stock within the limits prescribed
herein shall be issued al the discretion OF the
Board OF Directors OF this Corporation
Ali stock certificates shall be signed by the
President and Secretary of said Corporation
ART. Nv,
The corporate powers OF this Corporation
shall be vested in Board OF Directors.
stockholders Of the said Corporation, two OF
whom shall constitute quorum for the trans
action of business
1lrst Board OF Directors, to-wit: A. Smith. l..
Il. j. Grisham and O. M. Grfsham.
The officers of this Corporation shall be Q
President, vice-President, Secretary and
Treasurer, but the Secretary and Treasurer
shall both be filled by one and the same person.
The first officers Of this Corporation shall be
A Smith, President, p. E. Grisham, Vice Pres
ident and O. II. Grisham, Secretary and Treas
The Board OF Directors and offcers herein
named shall continue in Office until the second
Tuesday in january, 1905 at which time there
shall be q general meeting Of the stockholders
and annually thereafter. held for the purpose
or electing officers and transacting such other
business as may come before IL, but IL for any
cause Q new Board is not elected as provided
herein the old Board shall continue In office
until the election OF their successors. which
may then may be done by call meeting for
At every election each stakeholder shall be
entitled to one vote for each share OF stock
Voting may be done by proxy and majority
of the votes cast shall decide any question,
except as herein provided.
majority OF the stock Of this Corporation
shall be necessary to constitute 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 MI out the unexpired ter m
ART. v.
The Board Of Directors shall have full control
Of the properly OF this Corporation and shall
manage the same as Ia their discretion they
The said Board Is authorized to frame and
- Lac
to change the same at their pleasure IS 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
yeued for that purpose with the assent Of three
fourfhs OF the entire stock issued Thirty days
notice Of such meeting shall be given in writing
stockholder or the same.
In case Of the dissolution Of this CORPORATION
for any cause me hsuidzfion Of its affairs shall
be conducted by the Board Of Directors acting.
s : liquidation commission
ART. VII.
No stockholder Of this Corporation shall ever
be liable or responsible for the Contracts there
or In any an cunt other than the amount OF
stock owner by such tockholder, nor shall any
alton have the erect Of rendering this Charter
null or OF exposing y stakeholder to any iabil-
ify beyond the stock owned by him.
stoc =. Is shown by the amount placed
opposite the name Of each scriber to this
This done and passed 4 my once IN the torn e
dnv and date first named shove. il the presence
or ii. h. 0iCuuneIl and @. @. osNailey. two
compeeent witnesses Who signed these presents
and scknowIedee the amount placed opposite
each name TO he the amount Of stock subscribed