St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-17

pOratlOn ana DOuy pOntlc IN law, 10
the purposes and objects, and unde
the stipulations, articles and condi
lions following, to-wit:
ARTICLE I.
The name and title of this corpora
ton shall be THE CENTRAL PHAR
MACY, LIMITED, and it domicile il
hereby established in the town O
Slidell, parish of st. Tammany, Stat,
of Louisiana: and under its sale
corporate name, said corporation
shall have power and authority tt
contract, sue and be sued, to make
and use a corporate seal, and the
same to break and alter at pleasure
to hold, receive, have prchase, i'm
prove, ALLEVIATE, convey, sell, borrow
pledge, mortgage and hopothecate
under it's corporate name, property
real personal and mixed, to name
and appoint such officers, directors
agents and managers, or employees
as the interest or convenience of said
corporation may require; to make
and establish bylaws, rules and
regulations, for the proper manage
ments of it's affairs, as may be deem
ed necessary and proper, and the
same to change and alter at pleas
ure; and to do all other acts and
things permitted by law, or shall or
may be necessary and proper to carry
out the objects and purposes of said
corporation.
Said corporation, unless sooner
dissolved, in accordance with it's
charter, shall exit and continue for
the period of ninety-nine years from
l Io%1
| The president, or in his absence,
the yice-president shall be the proper
persons to whom all citation and
other legal process shall be served.
| ARTICLE ii.
The objects and purposes for
which this corporation is created,
and the nature of the business to be
carried on by it, are hereby declared
to be:
To operate a retail drug store for
the purpose of filling prescriptions,
| and dealing in all other kind of
drugs and medicines, and everything
incidental or connected with a first
class, up-to-date, progressive, retail
drug business.
ARTICLE III.
The capital stock of said corpora
ton is hereby fixed at the sum of
five thousand (s5,000.OO) dollars,
divided into, and represented by
fifty (50) shares of the sum of one
hundred dollars ($1OO.0O) each,
which shall be paid for in cash, or
in the purchase of property, or other
services rendered as the board of
directors may elect.
All shares shall be fully paid and
worcestershire. Any stakeholder
may sell, assign or transfer his
stock in this corporation, provided
thirty days notice of such intention
to sell, assign of transfer the same
stockholders thereof shall have the
first privilege of purchasing the
same, after which thirty days notice
the stock may be sold in open
market.
The stock of said corporations may
be transferred under the above condi-
lions, provided such transfer there
of be made on the books of said COM
pany at Slidell, and on surrender of
the certificates therefor; no transfer
of any fractional part of a share
shall be made.
This corporation shall CO mence
doing business as soon as twenty
five hundred dollars ($2,500.00) dol
lars of the capital stock shall have
been subscribed and paid for.
The board of directors shall have
the right to designate how much
stock shall be issued
ARTICLE Nv.
The corporate powers of this COM
pany shall be vested in and exercised
by board of three directors,
consisting of president, vice presi-
cent and secretary, who shall also be
the treasurer and manager of said
corporation.
Two of said board shall constitute
quorum for the transaction of BUSH
ness, and their decisions shall be
the board of directors to own less
than three shares of stock.
The following persons shall consti-
tute the first board of directors: w.
T Trippen, president; DR.. E. P. de
Ballard, vice president; j. M. Olivier,
secretary-treasurer. During the
absence of the president the vice
president shall act and preside.
Said board shall continue in Office
until the first Wednesday in October,
One Thousand Nine Hundred and
Ten, on which date, and thereafter,
annually, the board of directors shall
be elected on the first Wednesday in
October in each year, unless the
same should be a holiday, when the
election shall be held on the next
legal day thereafter.
Notice of such election shall be
given at least ten (10) days written
notice, mailed at the last known ad-
dress of every stakeholder; and the
board of directors shall appoint one
or more stockholders to preside at
such election as commissioners. In
the event or failure of any commits
sioner or commissioners to attend,
the president shall, by appointment,
fill the vacancy. Any failure from
any cause whatever to elect directors
the day named for that purpose shall
not dissolve the corporation, but the
directors then in office, as we'll as the
officers of said company, shall hold
over until their successors are
chosen. In such event the president
shall cause another election to be
held within thirty days, and shall
give notice thereof as herein before
provided.
AT every election and meeting each
stakeholder shall be entitled to vote
for each share of stock registered in
his name, and may vote by proxy.
The election of directors shall be
by ballot, and the majority in
amo cunt of votes cast, each share of
stock upon to be counted for one
vote, shall elect the person Or per-
sons for whom they have been cast.
u 4 IL a