St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-09-24

0fncers, directors agents and managers
or employees, as the interest and con-
Venience of said corporation may re-
/ quire; to make and establish such by
laws, rules and regulations for / b e.
proper management and regulation of
its affairs as it may deem necessary and
proper, and the same to change and
alter at pleasure: and to do all other
acts and things as are, or may be, neces-
sarY and proper to carry out the OBJ
jeets and 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 n~inetg~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 8.
The object and purposes for which
this corporation is organized, 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 or, in the City of 0pelousas.
La, a retail drug business; to fill pre-
scriptions, TO buy and sell by retail,
drugs, proprietary p patent medi-
cInes, toilet articles, perfumefy. soaDs,
ETC.; surgical instruments and appIi-
ances, tobacco, cigarettes and cigars,
druggists sundries. and in fine, to buy.
sell n cal In all articles Of merchans
disc usually found in q drug store, and
incident to the carrying on of such
business to manufacture from q
original substances,-medical q M
pounds and prescriptions.
ARTICLE d.
The capital of said corporation shall
be Ten Thousand Dollars (SI0O0Ol di-
yided into and represented by one hun
dred 1l001 shares OF the sum Of one hun-
dred dollars each, which said stock shall
be paid for in cash al 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 or purchased by said corpora.
t1ong or the same may be issued full
paid for money advanced and for such
other valuable considerations or ser
vices as the board of directors of said |
Company may determine, provided
that no stock shall be issued until the
consideration therefor has been re-
eeived by the said corporation.
ANY stock holder may sell. assign or
transfer his stock in this corDoration
provided thirty days prior notice of
such intention TO sell. assign or trans
fer De given the company and the 9TH
er stockholders thereof shall have the /
first privilege Of purchasing same, after
which 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
been subscribed. and paid up.
ARTICLE 5.
The business of this corporation shall
be managed by, and all its corporate
powers shall be vested in, q 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 ms of their mem
bers as President, another as Viee-Pres-
ident, The Board shall, at It's first
meeting in each year, elect q manager,
secretary and treasurer and fix their
salaries.
stockholders, but the secretary may or
may not be q stakeholder.
ARTICLE s.
At all elections for the Directors the
persons receiving the votes of the MAJ
Jority in amount of the capital stock of
said company shall be declared elected,
and at all meetings of the Board of Di-
reetors the action of the majority in
number present shall prevail. "a ma
JorIty of the Board of directors shall
constitute quorum for the transaction
OF bus1ress
ARTICLE 4.
Said Board of Directors shall have
authority to fill all vacancies, and shall
have full power to make and establish,
as We'll as change and alter at pleasure,
aII such bylaws rules and regulations
for the support and management of the
affairs of said corporation as they may
deem necessary.
ALTIcLE 8.
All checks, drafts and notes shall be
signed by the President aud Manager,
aud in Ease Of their inability. due to
absence, by the Treasurer.
ARTICLE 81.
All elections for Directors shall be
held at the office of the Company on
the first day of September of each year,
under the supervision of two Commits
s1oners to be appointed by the Board of
directors
Ten days prior notice OF each election
shall be given il writing to each stock
holder by the Secretary.
ARTICLE 10.
Failure for any TO hold an cleo
ton for the Directors on the day above
specified shall not dissolve said corpor-
alton, bntSthose in office shall hold over
until their successors are elected.
ARTICLE IL.
The frst Board of Directors shall con-
sist of Mason Mcbride, DIR. M. WI
Swords and w. G.FoWler. Mason Nc
Br1de shall neRres1denty Manager and
Treasurer, DR.. M. w. Swords shall be
Nice-President and w. G.. Fowler Sec
said Directors and officers shall con-
tinue in office until the First day of
September, 1911, or until their sue !.
cessors shall have been elected and
qualified.
ARTICLE Z. !
AT all elections for the Board Of Di-
r%eetors, eYerYshare of stock duly paid i
up shall be entitled to one vote. [
ARTICLE IS. 3
No stockholder of the corporation !
shall ever be held liable for the con- !
tracts Or faults OF said corporation in !
any further sum than the unpaid bal !
ance of the shares of its capital stock
owned by him, nor shall any mere in.
formality in Organization have the eff
feet Of rendering this charter null, or
exposing a stakeholder to any liability
beyond such unpaid balance. /
ARTICLE ii.
This charter may be amended, altered
changed, or said corporation ma be
dissolved ct any general meeting of the :
stockholders convened after fifteen :
lays written notice to each ofthe stock I
holders at which meeting the opinion T
# threa-fourths OF the capital stock I
shall prevail, and in case Of the dissolu- :
ion Of the charter being determined r
1pon, By q like vote the stockholders 8
saaH select two stockholders TO lfqui-
and settle the affairs Of the corpor- 4
stion. =
In case of the death or resignation {
II one of the iiquidators, the surviving :
lqufdator shall select another stock
tofiil the vacancy.
This anrnara9fnf4 frnsr Ia IsaNaYSaT All