The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-16
CHARTER
OF THE SCOFIELD DRUG COM
PANY, LIMITED.

lie III and for Caddo Parish, Lotlisianl
and in the presence of the witnesses
hereinafter named and undersigned
personally came and appeared H, B
Scofeld, Sterling Palmer and H. "
Scofeld, all residents Of Shreveport
Louisiana, who declared that, avaiing
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 i'll law for
the objects and purposes and under the
stipulations as hereinafter set forth, to-
lwit:
ARTICLE |.
The name and style of this corpora
! tion shall be SCOFIELD DRUG COM
PANY, LIMITED, and under which
name it shall have and enjoy corporate
existence for a period of twenty-five
years from the date hereof, unless
sooner dissolved as hereinafter provid-
ed. 1t shall have the power to contract
to make and use a corporate seal, the
same to break or alter at pleasure to
lo1d, receive, lease, purchase, sell and
convey, as well as mortgage and hy-
oothecate, under its said corporate
1ame, property both real and personal
o borrow and lend money, to give and
receive securities therefor; to name and
| appoint such managers, directors, off
| :ers and agents as the interests and con
venience of said corporation may re-
quire to make and establish such by
laws, rules and regulations as may be
.cessary and proper, and the same to
alter and amend at pleasure.
ARTICLE II.
The domicie of the said corporation
hall be i'll the city of Shreveport. Cad
10 parish, Louisiana, and all legal pro-
cess shall be served upon the president,
,r, in his absence, upon the secretary.
ARTICLE H.
The objects and purposes OF this cor
poration are to conduct, i'll the city of
Shreveport, retail drug business.
ARTICLE ".
The capital stock of said corporation
hall be five thousand ($5,ooooo) dol
lars, divided into fifty shares of one
hundred ($Ioooo) dollars each, as par
yalue, to be issued for cash, or its
equivalent; and this corporation shall
become going concern as soon as thir-
(3o) shares of its said stock shall be
subscribed and paid for.
ARTICLE V.
All the powers of this corporation
hall be vested in and be exercised by a
)oard of directors, and all the 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 Ioo9 and thereafter,
1t which time officers shall be elected
md shall hold their respective Offices
until their successors are elected and
qualified Vacancies occurring in said
board, from whatever cause, shall be
illed by the remaining directors.
The board of directors shall have the
power to make all bylaws necessary
for the conduct of the affairs of said
corporation, shall elect from their NUM-
Der a president, a vice president. sec
etary and a treasurer, provided, how
ever, director may fill any office in
connection with the office of treasurer,
md shall also appoint such other Of
icers, agents and employees as may to
thereof shall constitute quorum for
the transaction of any and all business.
Until election hereinabove provided
for, and until the officers shall have
oeen elected and qualified, the follow
ing shall constitute the first board of
directors and officers of said corpora
| tiOl1 d. ,oAtllSius plSSiiSitt II. ~
Scoheld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice of said election shall be given
| 1y ten days notice in any one of the
public newspapers published in the city
of Shreveport At all meetings of stock
holders, upon all questions, majority
If all stock voting shall prevail, and
each share shall be entitled to one vote.
ARTICLE VI
This act of incorporation may be al
tered and amended by vote of three
| fourths in amount of the capital stock
of said corporation, or said corporation
may be dissolved by a vote of three
| fourths III amount of said stock, at a
general meeting OF the stockholders
convened for that purpose, after ten
days of prior notice of such meeting
shall have been published in one of the
daily newspapers of the city of Shreve-
| port and copy of said notice mailed to
each stockholder at his last known place