The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-11-18
CHARTER
United States of America
state of Louisiana,
Parish Of ST Mary

Public duly commissioned and qualified
within and for the Parish and State afpre-
said, and in the presence OF the wltnes>e,
hereinafter named and undersigned, per
sonally came and appeared the parties
whose names are hereunto subscribed. Ill
of full ago, who declared that, awaiting
themselves of the provisions Of the laws OF
this state relative to corporations, and es-
pecialy Act No. IS OF the General As
sembly of the state Of Lousan for the
year 1904; they have covenanted an agree
ed, aad by these presents covenant aud
agree, and bind themselves. As we'll a.,
such other person. as may hereafter be-
come associated with them. to form and
constitute a corporation and body polite
in law, for the purpose and objects and
and under the stlpulatlons, articles and
conditions following, to wit:
ARTICLE l.
The name and title Of the said corpora ton
shall be "THE FOSTER DRUG COM
PANY", and It's dOmicilo 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
same to break and alter at pleasure; to
hold, receive, have, purchase, lnproV3,
aliente. convey, sell, borrow, pledge, mort
gage and hypothecate under its said cor
pOrate name property real, personal amt
mixed; to name and appoint such Officers.
directors, agents, managers aud employ Is
AS the interest or convenience of sad cor
poration may require: to make and estab-
lish bylaws, rules and regulations for the
proper management and regulation of it,
affairs as may be deemed proper and
necessary, and the same to change
and alter at pleasure; and TO do all othel
acts and things permitted by law, or "a
l. md
carry out the objects and purposes of sad
corporation.
Said corporation, unless sooner Ii So v
ed in accordance with its charter, shall
exist and continue for Il period of nlnety>
nine years from and after the date hereof.
The president, or in his absence the sec
retary, or the treasurer, shall be the pro-
per person. upon whom citation or other
legal process shall be served.
ARTICLE ii.
The objects ami purposes for which this
corporation is organized, and the nature
of the business to be carried on by 1t, are
The conducting of dug store and
pharmacy in the Town of Franklin, La.
! together with the establishment and main
tenance of any other business usually con-
nected with or incident 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, 6lW.OO), divided into
and represented by Forty Six Shares of
the par value Of One Hundred ($lOJ,0O)
each, which said stock shall be paid for
| in cash at the time of subscription, or the
same may be issued at not less than par
in payment or exchange for property or
rights actually 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 Directors may deter
mine, provided, that no stock shall be is
sued until the consideration therefor has
been received by the said corporation.
Any stockhOlder may sell, assign or
transfer his stock in this corporation, pro-
vided thirty days prior notice Of such in
tention TO sell, assign or transfer the same
| he given to the company, and the Board
| of Directors shall have the first privilege
| of purchasing the same for the company,
after which thirty days notice the said
stock may be sold in the open market.
Whenever any stock is purchased by the
Board Of Directors for the company, as
aforesaid, 1t shall be the duty of the said
Board within thirty days after said pur-
l CHASE 10 sCll LuC eoiu otOSh W ouSA POI SUI
or persons as they 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 transfer thereof be made on
| The books Of said company at its office IN
Franklin, La, and on the surrender of the
certificate therefor. No transfer OF any
| fractional part Of share shall be made.
| This CORPORATION shall commence doing
business as soon as its entire capital stock
shall have been subscribed for
ARTICLE Nv.
shaII he vested in and exercised by
Roard of Three Directors, consisting O.
he President, the Secretary and the
treasurer, who shall all be stockholders
Thrae of said board shall constitute a quo
| rim for the transaction of business, anC
their decisions shall be valid corporate
acts.
The following persons shall constitute
the first Board of Directors; namely ID. y
Tnster. H. J, Dauterive and q. j. sigur
and until the time hereinafter stated the
following persons shall be the officers o
this company, namely D. N. Foster, Presi
dent. ii. j. DauteriVe, Treasurer, ant
CASTOR J. Sigur, Secretary.
Said Board of Directors and said ofhcer
shall continue in ONCE untli Tue lno o
January 1912, on which date and annual.
thereafter. Board OF Directors, fresl
dant a Treasurer and Secretary sha
he elected at a meeting Of the stockholder
held for that purpose, and for genera
purpose, unless said date should be hoii
day, when the election shall be held on tn
next legal day thereafter.
Notice of such election shall be given b
at least ten days written notice to eac
: stockholder by the secretary; and Ii
more stockholders to preside at such elet
j t;on A commissioners. In the event Of tn
t failure Of any commissioner or comml
j. sioners to attend, the president shall
n .nnolntment ii the vacancy. Any failu
from any cause whatever to elect directo
and officers on the day named for that pu
nose shall not dissolve the corporation 81
the directors and officers then in Off
4 al koir. a