The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-11-11
CHARTER
United States of America,
STATE Of Louisiana,
Parish of ST Mary


Public duly commissioned and qualified
within and for the Parish and State afore-
said, and in the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the parties
whose names are hereuno subScrl bed, all
of full ago, who declared that, avaiiing
themselves Of the provisions of the laws OF
this state relative to corporations. and es-
pecially Act No. IS of the General As
sembly of the State Of Louisiana for the
year 1904; they. have covenanted and agree
ed, aad by these presents covenant and
agree, land bind themselves. Us we'll as
such other persons as may hereafter be :
come associated with them. to form and
constitute Il corporation and body polite
in law, for the purpose and objects and
and under the stipulations, articles and
conditions following, to wit:
ARTICLE |.
The name and title of the said corporation
shall be "THE FOSTER DRUG COM
PANY", and its domicile is hereby estab-
lished in the Town of Franklin, 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
s me to break and alter at pleasure: to
lold, receive, have, purchase, improve,
aliente. convey, sell, borrow, pledge, mort
gage and hypothecate under its said cor
pOrate name pro ,erty real, personal and
mixed; to name and appOlAt such officers,
directors, agents, managers aud employees
"S the interest or convenience of SAID cor
pOra ion may require: to make and estab-
iish bylaws, rules and regulations for the
proper management and regulation of its
affairs as may be deemed proper and
necessary, ;nd the sane to change
aud alter at pleasure; and TO do all other
ac.s and things permitted by law, or as
shall o: may be necessary and proper to
carry out the objects and purposes OF said
co -porctiOl.
Said corporation, unless sooner dissolv
ed in accordance with its charter, shall
exist aid continue for period of ninety>
ni1e years from and after the date hereof.
The president, or in his absence the sec
retary, or the treasurer, shall lbe the pro-
per person. upon whom citation or other
legal process shall be served.
ARTICLE III.
The objects an purposes for which this
corporation is organized, and the nature
of the business to be carried ON by it, are
declared to be the following, to witt;
The conducting Of dug store and
pharmacy in the Town of Franklin, La.
together with the est .blishment and main
tenance of any other business usually con-
nected with or .cident to the same: also
to conduct and operate confectionery
and refreshment store, book store and
stationery shop. cigars, and tobacco.
ARTICLE Ill.
The capitol stock of the said corporation
shall be the sum of Four Thousand, Six
Hundred Dollars "a, 60O.O0), divided into
and represented by Forty Six Shares of
the par value of One Hundred ($l01,00)
each, which said stock shall be paid for
in cash at the time Of subscription, or the
same may be is 'ued at not less than par
in paylIeat or exchange for property or
rights &C ually received or purchased by
said corporation, or the same may be iSsu-
ed, full paid, for money advanced, and for
such other valuable considerations or SER
vices as the Board Of Direc.ors may deter
mine, provided, that no stock shall be is
sued until the consideration therefor has
been received by the said corpo. alton.
ANY stockholder MY sell, assign or
transfer his stock in this corporation, pro-
vided thir y days prior notice of such in
tention TO sell, assign or trar sfer the same
be given to the co npany, and the Board
of Directors shall have the first privilege
of purchasing the same for the company,
after which thi.ty days notice the said
stock may be sold in the open market.
Whenever any stock is purchased by the
Board of Directo.s for the company, as
aforesaid, it shall be the duty of the said
| ord within thirty days after said pur-
chase to cell the said stock to such person
or persons as Trey may deem best for the
interest Of the company, and at such price
as they may decide.
The stock of said corporation may be
transferred under the above conditions !;
provided such trsnsfer thereof be made on
the books of said company at its Office in
Franklin, La, and on the sur. ender of the
certifc .te therefor. No transfer of any
fractional part of a share shall be made.
This corporation shall commence doing
business as soon as its entire capital stock
shalt have bee subscribed for.
ARTICLE Nv.
The corporate powers of this company
shall be vested in and exercised by a
BOARD of Three Directors, consisting OF
the President, the Secretary and the
Treasurer, who shall all be stockholders.
Thee of said board shall constitute quo
rum for the transaction of business, and
their decisions shall be valid corporate
acts.
The following persons shall constitute
the first Board of Directors; namely d. n
Foster, H. j. Dauterive and q. j. Sigur,
and until the time hereinafter stated the
following persons shall be the officers OF
| this company, namely D. N. Foster, Presi-
dent, Ii. j. Dauterive, Treasurer, and
CASTOR J. Sigur, Secretary.
Said Board of Directors and said officers
shall continue in office until the End O1
January 1912, on which date and annually
thereafter. Board of Directors, a Presl-
| dent, a Treasurer and a Secretary shall
be elected at meeting Of the stockholder:
held for that purpose, and for genera
purpose, unless said date should be holi
day. when the election shall be held on tht
next legal day thereafter.
Notice of such election shall be given b.
at least ten days written notice to eacl
stockholder by the secretary; and tn
Board of Directors shall appoint one O.
more stockholders to preside at such elec
tion as commissioners. In the event Of tl
failure OF any commissioner or commits
sioners to attend, the president shall b
from any cause whatever to elect director
and officers on the day named for that pur