St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-08
Charter Of
THE CENTRAL PHARMACY. LTD.

state of Louisiana,
Parish of st. Tammany
Town of Sidell.
II day of the month of August, il
Be it known that on this thirtietl
the year One Thousand Nine Hun
dred and Ten, before me, E. Elm,
:. Bollinger, Notary Public for the par
lsh of st. Tammany, State of Louisi
= ana, personally came and appeared
the parties whose names are heret,
:; 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 law.
of this State, relative to corpora
lions, and especially to Act No. 81
Louisiana, they have covenanted ant
/ OF 1888, of the General Assembly Of
Louisiana, they have covenanted an6
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 a 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 it domicile is
| hereby established in the town of
Slidell, parish of st. Tammany, State
OF Louisiana; and under it's 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 its corporate name, property,
| real personal and mixed, to name
and appoint such officers, directors,
agents and managers, Ar 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 its 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
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 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
tion is hereby fixed at the sum of
five thousand ($5,000.OO) dollars,
divided into, and represented by
fifty 500 shares of the sum of one
hundred dollars ($1O0.0O) 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
be given the company, and the other
thereof shall have the |
first privilege of purchasing the .
same, after which thirty days notice j
the stock may be sold in open
market. Ii
The stock Of said corporations may I
be transferred under the above condi- /
lions, provided such transfer there /
Of be made on the books of said COM t
oany at Slidell, and on surrender of &
he certificates therefor; no transfer t
If any fractional part of a share |
shall be made. \ II
This corporation shall co mence
long business as soon as twenty
i've hundred dollars ($2,5OOOO) dol
ars of the capital stock shall have
been subscribed and paid for.
The board of directors shall have
he right to designate how much f
;tock shall be issued.
ARTICLE w.
The corporate powers of this COM
1any shall be vested in and exercised S
~ board of three directors,
of president, vice presi-
lent and secretary, who shall also be
he treasurer and manager of said .
corporation.
Two of said board shall constitute
. quorum for the transaction of bust
less, and their decisions shall be
aid corporate acts; no member of
he board of directors to own less
han three shares of stock.
The following persons shall consti-
ute the first board of directors: w.
:. Tippen, president; DR.. E. P. de
5allard, vice president; J. M. Olivier,
ecretary-treasurer During the
.bsenee of the president the vice
resident shall act and preside.
Said board shall continue in Office
Until the first Wednesday in October, II
)ne Thousand Nine Hundred and
'en, on which date, and thereafter,
the board of directors shall
'e elected on the first Wednesday in
October in each year, unless the
ame should be holiday, when the
lection shall be held on the next
egal day thereafter.
Notice of such election shall be
iven at least ten (10) days written
office, mailed at the last known adj
ress of every stakeholder; and the
oard of directors shall appoint one
+ more stockholders to preside at
UGH election as commissioners. In,