St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-01
Charter of
THE CENTRAL PHARMACY, LTD.

State of Louisiana,
Parish Of st. Tammany,
Town of Slidell.
day of the month OF August, In
Be it known that on this thirtieth
the year One Thousand Nine Hun
bred and Ten, before me, e. Elmo
Bollinger, Notary Public for the par
ish of st. Tammany, State of Louisi-
ana, personally came and appeared
the parties whose names are hereto
subscribed, all of full age, and citi-
zens of Slidell, this parish and State,
who declare that, availing- them
selves of the provisions of the laws
of this State, relative to corpora
tions, and especially to Act No. SO
Louisiana, they have covenanted and
OF 1888, of the General Assembly of
Louisiana, they have covenanted and
agreed, and by those presents cove
nant and agree, and bind themselves,
as we'll as such other persons as may
hereafter become associated with
them, to form and constitute cor
poration and body polite in law, for
the purposes and objects, and under
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 1t domicile is
hereby established in the town of
Slidell, parish of st. Tammany, State
of Louisiana; and under its said
corporate name, said corporation
shall have power and authority to
contract, sue and be sued, to make
and use 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 its
charter, shall exit and continue for
the period Of ninety nine years from
and after the date hereof.
The president, or in his absence,
the vice-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 retail drug store for
the purpose of filing prescriptions,
and dealing in all other kind of
drugs and medicines, and everything
incidental or connected with 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 (s5,0o0.00) dollars,
divided into, and represented by
fifty (50) shares of the sum of one
hundred dollars ($100.00) 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
be given the company, and the other
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 smence
doing business as soon as twenty
five hundred dollars ($2, 100000 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 w.
The corporate powers of this COM
pany shall be vested in and exercised
by board of three directors,
| consisting of a president, vice presi-
| dent and secretary, who shall also be
| the treasurer and manager of said
corporation.
Two of said board shall constitute
| a quorum for the transaction of bust
| ness, and their decisions shall be
| valid corporate acts; no member OF
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. Tippen, 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 writer
notice, mailed at the last known ad
dress of every stakeholder; and thu
board of directors shall appoint on'
or more stockholders to preside a
such election as commissioners. Ii