St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-05-14
SOUTHERN HOTEL BUILDING

CHI y RTER
OF
BAYOU LACOMB COOPERATIVE DRUG
-, COMPANY, LIMITED.
United States of America, State Of
Louisiana, Parish of St. Tammany,
Village of Bayou Lacomb.
Be it known, that on the 9th day
of April, 1910, the persons whose sig
natures are hereto attached, wishing
to avail themselves of act No. Sc Of
1888, and act No. 7S of 1904, of the
general assembly OF Louisiana, rela-
tive to corporations, hereby covenant
and agree and bind themselves, az
we'll as such other persons as may be
hereafter associated with them, to
form and constitute corporation and
body polite, under the stipulative
articles and conditions following,
to-wit:2
ARTICLE 1.
The name of this corporation shall
be BAYOU LACoMB CO. OPERATIVE DRUG
LIMITED. Said corporation,
unless sooner dissolved, in accordance
with this charter, shall exist and con-
tinue for period of ninety-nine years
from date hereof, and its domicile is
hereby established in Bayou Lacomb,
La, and under its corporate name,
SAID corporation shall have power and
authority to contract, sue and be
sued, to make and use a corporate
seal, the same to break and alter at
pleasure, to hold, receive, have, pur-
chase, improve, ALLEVIATE, convey, SELL
borrow, pledge, mortgage and hy-
pothecate under its said corporate
name, property, real, personal and
mixed, to name and appoint such Of
ficers, directors, agents. managers
and employees as the interests or
of said corporation may
require. to make and establish by
laws, rules and regulations for the
relations and proper management of
its affairs, as may De deemed neces-
sary and proper, and to carry out the
objects and purposes of the said cor
poratlon.
The president, or in his absence, the
shall be the proper
person upon whom citation or other
legal process shall be served.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature Of business to be carried on by
it are declared to be the following,
to- wit:
To carry on and conduct a retail
drug store, buying, selling drugs,
patent medicines, proprietary goods,
perfumeries, toilet articles, cigars.
soda water, ice cream and
any other merchandise necessary in
he CONJUNCTION OF such business.
ARTICLE iii.
The capital stock of this corporation
shall be three thousand ($3, ,0O0) dol
ars, divided up into three thousand
shares of one dollar each, which shall
De paid as fellows: Cash on purchase
or in service rendered or goods fur
1ished equal to the cash value of the
stock, This corporation shall begin
business as soon as five hundred dol
ars of its stock have been paid for in
.ash. The board of directors shall
nave the right to determine how much
If the stock shall be issued.
ARTICLE ~.
The corporate powers shall be vested
IN board of directors composed Of
the President, vice president, secretary
and treasurer, and two other stock
holders, selected by the other three,
and three of said directors shall con-
stitute quorum for the transaction
Of all business, and their decisions
shall be valid and corporate acts. The
persons shall be the first
officers and board of directors of this
DR.. r. B. Paine Presi-
dent; J. H. Davis vice president; w.
J. Tucker. secretary and treasurer.
No person shall serve as director or
hold any Office unless they shall own
at least one hundred dollars worth OF
stock in said corporation.
The said board will hold office until
the first Thursday in April, 1911, on
which date, and thereafter annually,
a board of directors and officers shall
be elected, unless the above named
date be legal holiday, when an cleo
tion for that purpose shall be held on
next legal day thereafter.
Notice of such an election shall be
given by sending each stockholeer a
postal card at least ten days before
the election is held. The board of
directors shall appoint three stock
holders to preside and act as commits
sioners of election, and in the event
of failure of any of the commissioners
to attend and perform their duty, the
secretary shall, by appointment from
the president, act in their stead.
Should for any reason whatever no
election be held, the officers and board
of directors shall hold Offices until
their successors have been elected
and qualified. In such an event the
president shall issue a call for an
election every thirty days until such
time as he may get quorum to-
gether. At every election and meet
ing, each stockholder shall be entitled
to one vote for each share of stock
held by said stockholder and must
vote in person. After each election
the board Of directors shall elect the
manager Of the drug store, and other
employees necessary, by ballot.
The said board shall have full con-
troll of the property of this corpora
tion and shall so conduct, manage and
use same as in their discretion they
may deem fit. The said board is fur-
ther authorized to form and adopt
such by laws, rules and regulations as
is necessary for the proper conduct of
the business affairs of their corpora
tion, fix the compensation Of employ
ees, and determine amount of COM
pensation due the organizer of this
corporation, which shall be payable in
stock of this corporation.
ARTICLE v.
The charter of this corporation shall
[Continued on page fve1