The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-21

Louisiana relative to the formation {
corporations, they do hereby, for then
selves and for those who may hereafte
become associated with them, form
corporation and body polite i'll law 70
the objects and purposes and under tn
Stipulations as hereinafter set forth, to
wit:
ARTICLE |.
The name and style of this corpora
ton shall be SCOFIELD DRUG COM
PANY, LIMITED, and under whicl
name it shall have and enjoy corporate
existence for period OF twenty-five
years from the date hereof, unles
sooner dissolved as hereinafter provid
ed. 1t shall have the power to contract
and be contracted with, ste and be sued
to make and use a corporate seal, the
same to break or alter at pleasure; tc
hold, receive, lease, purchase, sell and
convey, as we'll as mortgage and hy-
pothecate, 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 may re-
quire; 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.
he domicile 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 Ill
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 .(S5,ooo.oo) dol
lars, divided into fifty shares of one
hundred ($Ioo.oo) dollars each, as a par
value, to be issued for cash, or it
equivalent; and this corporation shall
become going concern as soon as thir
ly (3o) shares of its said stock shall b
subscribed and paid for.
ARTICLE Y.
All the powers of this corporation.
shall be vested in and be exercised by
board of directors, and all tae 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
ot, 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
The board of directors shall have the
bower to make all bylaws necessary
for the conduct of the affairs of said
shall elect from their num-
,er president, vice president, a sec
'etary and treasurer, provided, how
eyer, a director may fill any office il
with the office OF treasurer,
md shall also appoint such other of
icers, agents and employees as may tc
'ald board seem necessary; a majority
hereof shall constitute a quorum for
he transaction of any and all business.
Until election hereinabove provided
or, and until the officers shall have
,een elected and qualified, the follow
ng shall constitute the first board OF
directors and officers of said corpora
ion: H. B. Scofeld, president; H. w
scofeld, vice president; and Sterling
Palmer, secretary and treasurer
Notice of said election shall be given
~ ten days notice in any one of the
public newspapers published in the city
If Shreveport At all meetings of stock
FOLDERS, upon all questions, majority
If all stock voting shall prevail, and
zach share shall be entitled to one vote
ARTICLE VI.
This act of incorporation may be al
cred and amended by vote of three
.ourths in amount of the capital stock
If said corporation, Or said corporation
nay be dissolved by a vote of three
;ourths in amount Of said stock, at a
general meeting of the stockholders
for that purpose, after ten
lays of prior notice of such meeting
shall have been published in one of the
1aily newspapers of the city of Shreve-
port and a copy of said notice mailed to
each stockho'' = at his last known place
Of residence
ARTICLE VII.
Whenever said corporation shall be
dissolved by expiration Of its charter,
Or sooner, by vote of the stockholders.
two lquidators shall be elected by the
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