The southern sentinel., 1907-04-05
ACT OF INCORPORATION
OF
sMiTH-dRIsHAM DRUG COMPANY

SMiln-OktSnAm DkOQ NOMfaNr
Be 1t known and remembered: That on this
the 2sth day of March, 1907. personally came
aud appeared before me, Robert Wade Oglesby.
= Notary Public, duly commissioned and quaii-
fed in and for the Parish of Winn and state OF
Lo. Is ana. Anrelius Smith Lawrence -. GFis-
ham, r. h. Grisham by proxy and O. NJ GIis-
ham, all residents of Winn Parish. Louisiana,
who declared unto ms. that aFailing themselves
CT the provisions OF the Laws OF the stat. or
Louisiana relative TO corporations, they haf
covenanted and by these presents do coyenaAt Z
and agree ana bind themselves rs wei as all
other persons who may hereafter become asSo-
ciated with them to form and constitute them
selves into a Corporation in law, Tor the pur-
poses and objects and under the terms, stipula-
lions and conditions, to-wit:
ART.I.
The name and title of this Corporation sEali
be SMITH GRESHAM DRUG COMPANY, and
its domicile is hereby established aud ased III
Winnheld, Winn Parish, louisiana. ami under
its corporate name it shall have power ~ con-
tract; to sue and be sued; TO make and use q
corporate seal and to change the same at
pleasure; to hold, receive, purchase, aIienate,
convey, sell, borrow, pledge, mortgage and
ty real, personal and a.ixed; to name aud ap-
point such officers, directors, agents ard man
ayers as the interest Of saia corporscion may
require; 70 make and establish such bylaws
rules and regulations for tue proper manage
| Emeut OF its affairs rs II may ieem necessary
and proper and to change the same at pleasure;
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 OF 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. II.
The objects and purposes for which this Cor
poration II Organized and the nature OF the
business 70 be carried ON by 1t are declared to
crrry on any other line or lines of a general
mercantile business, to 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 ia here
by fixed at Twenty-Five Thousand Dollars,
divided into and represented by Five Hundred
shares OF &50.oo) ffty dollars each, which said
stock shall be paid in cash, or the same may be
issued ut 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
This Corporation shall have the right to
commence business soon as Six thousand
Dollars shall have been subscribed and paid
for ald the necessary requirements of law
Additional stock within the limits prescribed
herein shall be issued At the discretion OF the
Board OF DlrecforS Oh TINS Corporation.
All stock certificates shall be signed by the
President and SECRETARY OF said Corporation.
ART. ~,
The corporate powers Of this Corporation
shall be vested in 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 shtn constitute the
3. ). Grishsm scd o. II. Grisham. =
The officers of this Corporation shall be
President, vice-President, Secretary and
Treasurer, but the Secretary and Treasurer
shall both be filed by one and the same person.
The FIRST officers Of this Corporation shall be
A. Smith, President, p. Z. Grisham, Vice Pres
ident and o. M. Grisham, Secretary and Treas
urer.
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 q general meeting OF the stockholders
and annually thereafter. held for the purpose
OF electing officers and fransacting such other
business as may come before il, tut il for 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
that purpose
entitled to one vote FOR each sAare of stock
owned by hun.
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 q quorum fer
the transaction OF any business.
Vacancies occurring in the Board shall be
filled by the remaining members OF the Board
electing someone to FL out the unex plred term
ART. ",
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 aid Board Il authorized to frame and
adopt such bylaws, rules and regulations and
business 81 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
st 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
In. case Of the dissolution Of this CORPORATION
for any cause the liquidation OF it's affairs shall
BE conducted by the Board of Directors actin.
- liquidation commission
ART. VII.
No stockholder Of this Corporation shall ever
Of in any amount other than the amount OF
sock owned BY sach stock holder, NOR shall any
inlogmAlity in the organization OF this Corpor-
null OF Of exposing stockholder to any liabil-
ity beyond the stock owned by him.
The amoont OF stock subscribed by each
oppoaite the name OF each scriber 70 this
This done and passed at my ONCE in the town
day and date 6rst named above. In the presence
Of Il. q. o'Counell and O. O. Osaalfey, two
eunpeeent Witnesses who signed these presents
tossehsr With s.id sppssrers, who sign .;t hereto
o0ch name to be the amount OF stock subscribed