St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-04-30
SOUTHERN HOTEL BUILDING
CHI a r TER
OF
BAYOU LkCOMB COOPERATIVE DRUG
CUMPANY, LIMITED.

BAYOU LACOMB COOPERATIVE DRUG
CUMPANY, LIMITED.
United States of America, State of
Louisiana, Parish of St. Tammany,
Village of Bayou Lacomb.
Be it known, that on the 9th day
of April, 1910, the persons whose sig
natures are hereto attached, wishing
to avail themselves of act No. Sc Of
1888, and act No. 78 of 1904, of the
general assembly OF Louisiana, rela-
tive to corporations, hereby covenant
and agree and bind themselves, as
well as such other persons as may be
hereafter associated with them, to
form and constitute a corporation and
body polite, under the stipulative
articles and conditions following,
to-Wit:
ARTICLE l.
The name of this corporation shall
be BAYOU LACOMB COOPERATIVE DRUG
COMPANY, LIMITED. Said corporation,
unless sooner dissolved, in accordance
with this charter, shall exist and con-
tinue for period of ninety-nine years
from date hereof, and its domicile is
hereby established in Bayou Laeomb,
La, and under its corporate name,
SAID corporation shall have power and
authority to contract, sue and be
sued, to make and use a corporate
seal, the same to break and alter at
pleasure, to hold, receive, have, pur-
chase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hy-
pothecate under its said corporate
name, property, real, personal and
mixed, to name and appoint such Of
ficers, directors, agents. managers
and employees as the interests or
convenience of said corporation may
require, to make and establish by
laws, rules and regulations for the
relations and proper management of
its affairs, as may be deemed neces-
sary and proper, and to carry out the
objects and purposes of the said cor
poratlon.
The president, or in his absence, the
vice-president, shall be the proper
person upon whom citation or other
legal process shall be served.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of business to be carried on by
it are declared to be the following,
to-wit:
To carry on and conduct a retail
drug store, buying, selling drugs,
patent medicines, proprietary goods,
perfumeries, toilet articles, cigars,
tobacco, soda water, ice cream and
any other merchandise necessary in
the conduction Of such business.
ARTICLE III.
The capital stock of this corporation
shall be three thousand ($3, 000) dol
lars, divided up into three thousand
shares of one dollar each, which shall
be paid as fellows: Cash on purchase
or in service rendered or goods fur
nished equal to the cash value of the
stock, This corporation shall begin
business as soon as five hundred dol
lars of it's stock have been paid for in
cash. The board of directors shall
have the right to determine how much
of the stock shall be issued.
ARTICLE ".
The corporate powers shall be vested
in a board of directors composed of
the Prsident, vice president, secretary
and treasurer, and two other stock
holders, selected by the other three,
and three of said directors shall con-
stitute quorum for the transaction
of all business, and their decisions
shall be valid and corporate acts. The
following persons shall be the first
officers and board of directors of this
corporation: DR.. R. B. Paine Presi-
dent; J. H. Davis vice president; w.
j. Tucker, secretary and treasurer.
No person shall serve as director or
hold any Office unless they shall own
at least one hundred dollars worth of
stock in said corporation.
The said board will hold Office until
the first Thursday in April, 1911, on
which date, and thereafter annually,
a board of directors and officers shall
be elected, unless the above named
date be legal holiday, when an elec-
tion for that purpose shall be held on
next legal day thereafter.
Notice of such an election shall be
given by sending each stockholeer a
postal card at least ten days before
the election is held. The board OF
directors shall appoint three stock.
holders to preside and act as commits.
sioners of election, and in the event
of failure of any of the commissioners
to attend and perform their duty, the
secretary shall, by appointment from
the president, act in their stead
Should for any reason whatever NJ
election be held, the officers and boarc
Of directors shall hold Offices unit
their successors have been elected
and qualified. In such an event the
! president shall issue a call for al
election every thirty days until sucf
time as he may get quorum to
gether. At every election and meet
ing, each stockholder shall be entitled
to one vote for each share of stocl
held by said stockholder and mus
vote in person. After each election
the board of directors shall elect thu
manager of the drug store, and othel
employees necessary, by ballot.
| The said board shall have full con
troll of the property Of this corpora
ton and shall so conduct, manage ant
use same as in their discretion they
may deem fit. The said board is fur
+. ther authorized to form and adop
such by laws, rules and regulations a!
is necessary for the proper conduct o:
the business affairs Of their corpora
tion, fix the compensation of employ
ees, and determine amount of com
pensation due the organizer of thi
corporation, which shall be payable il
stock of this corporation.
ARTICLE v.
The charter of this corporation shal