The southern sentinel. (Winnfield, La.) 1883-1910, 1907-04-26
ACT OF INCORPORATION
OF
sMITH-dRlsHAM DRUG COMPANY


SMrTH-0RISHAM DRUG COMPANY
Be II known and remembered: That on this
the 18th tay of March, 1907. personally came
and appeared before me, Robert Wade Ogiesby,
q Notary Public. duly commissioned and guam,
fed in and for the Parish OF VIM ana 9.a.s VI
Louisiana. Aurelius Smith Lawrence Ed. Gris-
ham, all residents of winn Parish. Louisiana,
cf the provisions Of the Laws OF the Stat. of
Louisiana relative to corporations, they nave
covenanted and by these presents do covenant
and agree and bind themselves as well as ali
other persons who may hereafter become assoc
ciated with them to form and constitute them
selves into a Corporation IN law, for the pnr-
poses and objects and under the terms, supnta-
lions and conditions, to-wit:
ART.I.
The name and title of this Corporation shall
be SMITH-GRISHAM DRUG COMPANY, and
its domicile is hereby established and liked 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 at
Convey sell ii A borrow. pledge. mortgage and
hypothecate under its corporate name, proper
Is real personal amt 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 IS 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.
said Corporation unless sooner dissolved in
accordance with the provisions OF this Charter
shall exist and continue for period or ninety
nine from and after the date i hereof Il his
absence the General Manager shall De 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 is organized and the nature OF the
business to be carried on by il are declared to
be- to do general retail drug business and to
crrry on any other line or lines OF general
mercantile business, 10 manufacture and COM
pound all kinds of drugs and to do everything
necessary to crrry on this business.
ART III.
The capital stock of this Corporation is here
by fixed at Twenty-Five Thousand Dollars,
divided into and represented by Five Hundred
Shares OF $4,000 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
complied with.
Additional stock within the limits prescribed
herein shall be issued ut the discretion Of the
Board OF Directors Of this Corporation.
All stock certificates shall be signed oy the
President and Secretary of said Corporation.
ART. Nv,
The corporate powers of this Corporation
shall be vested In q Board OF Directors.
The Board OF Directors shall consist of three
stockholders of the said Corporation, two OF
whom shall constitute q quorum for the trans
action of business.
The following persons shall constitute the
irst s Gr;sss n D Dod g. NJ GrisSam a' Z
The officers of this Corporation shall be q
President, yice-President, Secretary and
shsii both be filled by one and the same person.
The first officers of this Corporation shall be
A. Smith, President, p. e. Grisham, yice-Pres-
ident and o. n. Grisham, Secretary and Treas
The Board OF Directors and Officers herein
named shall continue in Office until the second
Tuesday in January, 1908, 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 1t, but II Tor any
| cause 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 Tor each share OF stock
owned by him.
of the votes cast shall decide any question.
except as herein provided
| A 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
! filed by the remaining members OF the Board
| ecting someone to MI out the unexplred term
ART. Y.
| The Board OF Directors shall have full control
| Of the property OF this Corppfation and shall
manage tie same as in their discretion they
deem best.
The said Board is authorized to frame and
ALI ncf7h y- Il kpS
| to change the same at their pleasure as 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
| at general meeting OF the stockholders con-
vened for that purpose with the assent OF three
fourths OF the entire stock issued Thirty DAYS
notice of such meeting shall be given in writing
by the Secretary of the Corporation to each
| stakeholder of the same.
In case OF the dissolution OF this CORPORATION
for any cause the liquidation of its affairs shall
be conducted by the Board of Directors acting.
as liquidation commission.
ART. VII.
| No stockholder of this Corporation shall ever
be liable or responsible fer the Contracts there
stock owned by such stock holder, nor shall any
| informality in the organization OF this Corpor-
| alton have the effect of rendering this Charter
null or OF exposing . stockholder to any liabil-
| ity beyond the stock owned by him.
me amount Of stock subscribed by each
stakeholder is shown by the amount placed
opposite the name Of each scrfber to this
Charter.
| This done and passed ct my ONCE IL the town
| Of WINFIELD, Winn Parish, Louisiana, on the
day and date first named sboye. IN the presence
i OF a.. II, OsConnell and @. G. O'Malley, two
competent witnesses who signed these presents
| together with said appearers who sign hereto
and acknowledge the amount placed opposite
| each name to be the amount of stock subscribed
| by each Of them and in the presence Of me,
l Notary, after due reading OF the whole
Names. No. Of Shares Amount