St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-10-08

mortgage and hypothecate,--NnNeE Tvs
corporate name, property real, personal
and mixed; to name and appoint such
officers, directors, agents and managers
or employees, as the interest and con-
Yenience of said corporation may re-
9ufre} to make and establish snch py-
laws, rules and regulations Tor
proper management and regulat1on "
its affairs as 1t may deem necessary ana
proper, and the. same to change ana
alter at pleasures and to do all other
acts and things as are, or may be, neces-
sary and proper to carry Out the on-
iects n purposes OF said corporation;
and said corporation, unless sooner dis
solved in accordance with this charter,
shall exist and continue for and during
the period of ninety-nine years from
the date hereof.
ARTICLE 2.
The president, and in his absence,
the vice-president, shall be the proper
person upon whom citation or other
legal process shall be served.
ARTICLE s.
The object and purposes for which
this corporation is organized, n the
nature of the business to be conducted
and carried on by it are hereby de-
c1ared to be as follows: To conduct
and carry on, IN the City of Opelousas,
La, a retail drug business; to fill pre-
scriptions, to buy and sell by retail, |
drugs, proprietary and patent nledi-
cines, toilet articles, perfumery, soaps,
etc.; surgical instruments and appli-
ances, tobacco, cigarettes and cigars,
druggists, sundries, and in fine, to buy,
sell and deal in all articles of merchan-
disc usually found in a drug store, and
incident to the carrying on of such
business to manufacture from b e
owToTna1 1hcTunyaa ~ V,aadi1oJ #0 n IN |
pounds and prescriptions.
ARTICLE 4.
The capital of said corporation shall
be Ten Thousand Dollars ($l0,000) di-
vided into and represented by one hum
bred (100) shares of the sum of one hun-
dred dollars each, which said stock shall
be paid for in cash at the time of sub
scription or the same may be issued at
not less than par in payment or ex-
change for property or rights actually
received OF. purchased by said corpora
ton, or the same may be issued full
for money advanced and for such
other valuable considerations or SER
vices as the board of directors of said
may determine, provided
that no stock shall be issued until the !
consideration therefor has been re-
ceived by the said corporation.
Amy stock holder may sell, assign or |
GAaus1eE lis sGoCh III Iu1s cOIpOFhGI0n
provided thirty days prior notice of |
such intention to sell. assign or trans
fer be given the company, and the 9TH
er stockholders thereof shall have the
first privilege of purchasing same, after /
thirty days notice the said stock
may be sold in open market. The
Company shall begin business as soon
as Three Thousand Dollars shall have
subscribed. and paid up.
ARTICLE 5.
The business of this corporation shall
be managed by, and sill its corporate
powers shall be vested in, a Board of
Directors composed of three stock
holders to be elected annually on the
first day OF September of each year.
At their first meeting in each year.
said Board shall elect one of their mem
bers as President, another as Vice-Pres-
ldent. The Board shall, at its irsti
meeting in each year, elect a manager,
secretary and treasurer and fix their
The manager and treasurer shall be
stockholders, but the secretary may or
may not be a stakeholder.
ARTICLE 6.
At all elections for the Directors the
persons receiving the votes of the ma
Iority in amount of the capital stock of
- 0AARdh 4Gl4 Nc A5I4d1G0 @GISChGas 4
at all meetings ofthe Board of Di-
the action of the majority in
1umber present shall prevail. A ma
GRITTY of the Board of directors shall
constitute a quorum for the transaction
If business
ARTICLE =.
Said Board of Directors shall have
authority to fill all vacancies, and shall
full power to make and establish,
IS well as change and alter at pleasure,
IL such bylaws, rules and regulations
or the support and management of the
of sale corporation as they may
leem necessary.
ALTICLE s.
All checks, drafts and notes shall be
igned by the President and Manager,
md in case of their inability, due to
heir absence, by the Treasurer.
ARTICLE 9.
All elections for Directors shall be
Leld at the office of the Company on
first day of September of each year,
Lnder the supervision of two Commits
toner's to be appointed by the Board of
directors.
Ten days prior notice of each election
hall be given in writing to each stock
Older by the Secretary.
ARTICLE 10.
Failure for any cause to hold an cleo
for the Directors on the day above {
pecified shall not dissolve said corpor- {
ton, but those in office shall hold over
.ntll their successors are elected.
ARTICLE ii. !
The first Board of Directors shall con- J
list of Mason Mcbride, Dr. NJ. WI
words and VIC. Fowler. Mason Nc :
ride shall be President, Manager and
gT1vnrL n~ Nj w C--Z-J Z11 ~ 1 9
ice-President and w. G. Fowler Sec
etary. !
Said Directors and officer. shall con- !
niue in office until the First day of !
eptember, 1911, or until their sue Z
essors shall have been elected and +,
ualified. !
ARTICLE u. J
At all elections for the Board of Di- 1
every share of stock duly paid !
p shall be entitled to n vote. I
ARTICLE 10. ]
No stockholder of the corporation j
lali ever, be held liable for the con-j {
acts or faults of said corporation in J
ny further sum than the unpaid bal J
ace OF the shares of its capital stock T
Ened by him, nor shall any mere in I
'rmality in organization have the eff I
ct OF rendering this charter null, or
1posing a stakeholder to any liability
eYond such unpaid balance.
ARTICLE IA.
This charter may be amended, altered
changed, or said corporation may be Il
ssolved at any general meeting of the
ockholders convened after fifteen
written notice to each of the stock
at which meeting the opinion o
three-fourths of the capital stock O
lall prevail, and in case of the dissolu- h
of the charter being determined q
BON, By a like vote tha sfoekbolders L
Ian select two stockholders to liqui- +
tie and settle the affairs of the corpor- n
ion. /
In case of the death or resignation