St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-10-01

OIlCGEsS u1ISCloESs aSGLlS anu MduaS0TS
or employees, as the interest and con-
y%enience OF said corporation NAV 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
iects and purposes OF said corporation I;
and said corporation, unless sooner dis
solved in accordance with this charter,
shall exist and continue for and during
the period of ninety-nine years from
the date hereof.
ARTICLE 2.
The president, and in his absence,
the Yice-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, and 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 on, in the City of Opelousas,
La, a retail drug business; to fill pre-
scriptions, to buy and sell by retail,
drugs, proprietary and patent medi-
SAASG5 b ~A VASAS5A , oC0RS3
etc.; surgical instruments and appli-
ances, tobacco, cigarettes and cigars,
druggists sundries, and in fine, to buy,
sell and deal in all articles of merchan-
disc usually found in a drug store, and
incident to the carrying on of such
business to manufacture from h e
original neutrality-suspicious. 0 M
pounds and prescriptions.
ARTICLE 4.
The capital of said corporation shall
be Ten Thousand Dollars ($l0,0O0l eli
vided into and represented by one hun
bred C100( shares of the sum of one hum
dred dollars each; which said stock shall
be paid for in cash at 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
ton, 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-
ceived by the said corporation.
ANY stock holder may sell, assign OF
transfer his stock in this corporation
provided thirty days prior notice OF
such intention to sell. assign or trans
fer be 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 one of their mem.
bers as President, another as Vice-Pres.
ident. The Board shall, at Its frs
meeting in each year, elect a manager
secretary and treasurer and fix theiI
salaries.
The manager and treasurer shall be
stockholders, but the secretary may Oh
may not be a stockholder.
ARTICLE 6.
At ali elections for the Directors the
persons receiving the votes of the ma.
j0rity in amount of the capital stock OF
said company shall be declared elected
and at all meetings of the Board of Di.
rectors the action of the majority in
number present shall prevail. A ma.
iority of the Board of directors shall
constitute a quorum for the transaction
of business
ARTICLE Z.
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
all 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 and Manager
and in case of their inability, due fe
their absence, by the Treasurer.
ARTICLE 8.
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
sioners to be appointed by the Board O
directors.
Ten days prior notice of each election
shall be given in writing to each stock,
holder by the Secretary.
ARTICLE 10.
Failure for any cause to hold an cleo
ton for the Directors on the day above
specified shall not dissolve said corpor
alton, but those in office shall hold ovel
until their successors are elected.
ARTICLE Ii.
The first Board of Directors shall con
sist of Mason Mcbride, DR.. NJ. W
Swords and w. g. Fowler. Mason Me
Bride shall be President, Manager anC
Treasurer, DR.. M. w. Swords shall bt
Vice-President and w. G. Fowler Sec
rotary.
Said Directors and officers shall con
tinue in office until the First day o
September, 19115 or until their sue
cessors shall have been elected anc
qualified.
ARTICLE II.
At all elections for the Board of Di
r~ectors, every share of stock duly paic
up shall be entitled to n vote.
ARTICLE Ii.
No stakeholder of the corporation
shall ever be held liable for the con
tracts or faults of said corporation il
any further sum than the unpaid bal
anc 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, o.
exposing a stockhoIder TO any liability
beyond such unpaid balance.
ARTICLE IA.
This charter may be amended, altered
or changed, or said corporation may be
dissolved at anysgeneral meeting of the
stockholders convened after fifteen
days written notice to each of the stock.
holders at which meeting the opinion
of three-fourths of the capital stock
shall prevail, and in 81 of the dissolu
ffon of the charter beinr dpfarmineC
upon, by a like vote the stockholders
shall select two stockholders to liqui
date and settle the affairs of the corpor
alton.
In case of the death OF resignation
of one of the liquidators, the surviving
l~iquidator shall select another stock
holder tofiIl the vacancy.