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

DE
PHOENIX DRUG COMPANY, LIMITED.
Be II known aud remembered that On thistne
soth day of March. 1870, personally came anu
appeared before me, Robert Wade oEieshF, a
Notary Public, duly commissioned ana Ia<sn
fled in and for the Parish Of VIM an STATE q
Louisiana A Smith, Mel. Bsanchs 3Nie5as y:
Smith and W. u. JGGkins al tesiaelss on
VIM Parish, Louisiana, who d clsftt liilte pse,
ayaiIsng themselves OF the Provisions q TAG
laws of the State OF Louisiana FelAtiys 70
corporations, they have ceVen3nted attl ~
these presents DO ccV enbut aud agtse 84e
bind themselves as VII ias az es S
persons WHO may hereafter become a.so-
ciated with them to fosm and constitute
themselves NJ 8 eofP2faEl3h ~ ~ ~
for The objects and purposes and an1st Iae
terms, stipai.tiona and conditions following,
to-wit:
The name and title OF tl4is cnrpoHgt ION shall
be PHOENIX DRUG COaERA%Ni LTD. ara
IL .iomicfIe : hereny established tEff hNe#3 ii
winnfel4. Il nan Parish hsssli-l-tua. aln padSf
its corporate name Il shaH h4Te power - egIl
corporate seal and te chanee tna sagse az Pleas
ure; TO hoid, receive, purchase, f5fsn@te eaI-
vey, SELF borrow, pledge, mos gage Sil1 -
thecate under its corporate c-lfilEs properly
real, personal and naXeds g name stu spPatul
such officers, directors agents ana managers
as the interest OF said Corporation nay tSSalTt;
| to make and establish such bylaws rules ana
regulations tcf the proper mans gene NJ q It,
affairs L may deem necessary s1d proper
and To change The same at fteRs1.Fe5 aho % q,
/ all other acts permitted pT Jaw necessary anu
proper 10 carry out the purposes for when 5hls
Corporation Is organized.
Said Corporation unless sooner dissolved
/ in accordance wit6 the PROVISIONS OF
this Charter shall exist and continue for a
period of ninety-nine years from aud after the
The President of this Corporation or in his
absence the General Manager shall be the pro.
per person on'whom citation and other legal
proceedings shalt * served,
| ART. II.
| The objects and purposes for which this Cor
| poraticn Is organized and the nature OF tie
| bnsiness TO be carried ON by ii are declared TO
| be to do a general retail drug business and to
mercantile business, to manufacture and CON-
| pound all kinds OF drugs anu TO 90 everything
necessary 70 carry on this business.
| ART. III.
The capital stock OF this Corporation Is here
| BY i1ed at Ten thousand Dollars, divided into
| and represented by Two Hundred shares of
| [s5e.0O) fifty dollars each. which said stock
shall be paid in cash, or the same may be issued
4 at not less than par value Al payment for pro
1 perry or rights actually received, provided that
no stock shallsbe issued until the consideration
| thereof has been received By said Cooperation.
| This Corporation shall have the right 10 COM
mence doing business soon as Eour Ihuus-
and dollars shall have been subscribed and
paid for and the necessary requirements Of law
Additional stock within The limits prescribed
herein shall be issued at the discretion oI the
4 Board OF DlreCtOfS OF AoTpoFltltA.
All stock certificates shall be signed by the
President and Secretary OF the said corporation.
! ART. ".
The corporate powers of this corporation
| shall be invested in a Board of Directors.
| The Board of Directors shah consist OF three
| stockholders OF the said corporation, two OF
whom shall constitute quorum for he trans
| action of business.
| The following persons shall constitute the
first Board of Directors, to-wit: w. ID. Jud-
kins, A. Smith and Mack L.Braneh.
The officers OF this corporation shall be
President, vice-President. Secretary and Trea-
| surer but the Secretary and Treasurer shall
| both be filled by one and the same person.
The first officers of this corporation shall be
Mack l.. Branch, President; w. ID. Judkins,
| ice-Preside-t, and \. smith, Secretary and
The Board of Directors and Officers herein
| named shall continue in office until the first
Tuesdey inFebruary, 1893, Al which tlnae there
shall be general meeting Of the stockholders
and annually thereafter, held for the purpose
Of eiecfing officers and tTausactlng sucn Other
business as may GENE before IL. ous II Ter any
| cause a new Board Is not elected as provided
herein the old Board shall continue III cAHse
i until the election of their successors wnsSa
may then be done b. q call meeting lof that
purpose.
entitled 10 one vote for each share q stock
owned BY him.
OF the votes east shall aeeiqe any question.
4 majority Of lie stock q. this corporation
shall DE necessary 10 constitute : au9Eull for
the transastien Of any 9sls.tessi -. -
flied by the remaining members Of the Board
eleeting someone - I'll out The unexFlIe tssnl
1 ART. Z.
i The Board al Directors shall hava full con-
trel OF the property of this egs1sofstic1 and
shall manage the s2sne Is IN thelf ueaeEctl1n
they deem test.
4he said Beard Is authorized to frame and
adopt such bylaws. rules and regulations md
II. san at
business oi the SAID corporation Lay require
ART. VI.
This charter may be changed modified or
amended. the capital stock increased OF de-
/ creased or she corporation may be dissolved at
/ O generaimeeting Of the stocknoders convened
for that purpose with tAe assent OF three
fourths of the entire took ISSUED. Thirty Gays
notice OF such msesing shall &c gwen N writing
by the Secretary Of the corporation - each
stockhclaer OF the same
In case Of dissolution of this corporation Tor
any cause the liquidation oI sts Affairs shAiI be
conducted by the Board of Directors acting as
a liquidation commission.
ART. VII.
No stakeholder of this corporation shall ever
be liable or responsible for the contracts there
Il of IN any amount other than the amount OF
stock owned By sueh stakeholder, nor shall any
informalify IN the organization of this corpor-
/ alton have the effect of rendering this charter
null or of exposing stockholder 70 any liabil-
ity beyond the stock owned ty him.
u The amount of stock subscribed by each
stockholder is shown By the amount placed
opposite the name of each subscriber to this
Charter.
This done and passed at my Office in the town
of WinnfeId. wiun Parish. Louisiana. ON the
day and date first named above. in tha presence
of d. NJ Grishn1n and John hi. Mathews, two
4 competent witnesses. who signed these PRES
u ents together with said appeaRefs who sign
hereto and acknowledge the amount placed
Opposite each name to be she amount Of stock
subscribed by each OF them and in the presence
of me, Notary. after due reading of the whole.
ii Names No. Shares Amount
Mel. Branch.--.--. 20 s1uoG &C
y; Smith % % .---- loo e g