The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-12-02
CHART Err
United States of America,
State of Louisiana,
Parish of st. Mary.


BEFORE me. Charles J. Roat,-r. a Notary
Public duly commissioned and qualified
within and for the Parish aud State afore-
said. and in the presence OF the witnesses
hereinafter named and undersigned, per-
sonally came AMI appeared the parties
whose names are htreunto subscribed, All
of full ago, who declared that, avalllng
themselves Of the provl ions Of the laws Of
this state relative TO corporations, and eS-
peciallv 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. as we'll as
such other persons as may hereafter be-
come associated with them. to form and
constitute corporation and body polite
in law, for the purpose and objects and
and under the stipulations, articles and
conditions following, to wit:
ARTICLE l.
The name and title Of the said corporation
shall be "rHE FOSTER DRUG CON-
PANY", aud It's dOmiciie is hereby estaD-
lished in the Town of Frankin, state OF
Louisiana. and under it, said corporate
name, said corporation shall have power
and authority to con -ract, sac an i be sued:
to make and use a corporate seal, and the
same to break and alter at pleasure; TO
hold, receive, have, purchase, lmDrov',
aliente. convey, sell, borrow, p!eiSe. mort
porate name property real, pcisol and
mixed; to name an appoint such officer
directors, agents, IN inaSers and enpl 1re>
as the interest or convenience Of sad cor
pOratiOn may require: to make ana estaD-
lish bylaws, rules and regulations TOR tne
proper management and regulation OF Ii,
affairs as may be deemei proper add
necessary, and tho SAGE 10 change
and alter at ole 4sure; aud To 10 all OthrI
acts and things p,rmlttei py law, or a,
shalt or may De necessary AL proper To
carry out toe object, aud pufp )Se, % SAID
corporation.
said corporation, unless poler dl:soiv-
ed in accordance with It's charter, Shall
exist and continue for period Of ninety
nine wears from and after the Jdte hereof.
The president, or in his aDsence the sec
rotary, or the treasurer, shat be tue pro-
per person. upon whom citation Or other
legal process shall be served.
ARTICLEII.
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 a dug store and
phar macy in the Town of Franklin, La.
together with the estabIlshmhIt and main
tenance Of any other business usually con-
nected with or incident u the same also
y
and refreshment store, book store and
stationery shop. cigar, and tobacco.
ARrIGLE Ill.
The capitol stock of the said corporation
shall be the sum of Four Thousand, Six
Hundred Dollars IA, 6)O.O0). divided into
and represented by Forty six Shares OF
the par value Of One Hundred (Sl0 1909 |
each, which said stock shall be paid for
Ia 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 cDnsiderati Jns or SER |
vices as the Board Of Directors may deter |
mine, provided, that NJ 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
be given to the company, and the toard
Of Directors shall have the first privilege
Of purchasing the same for the company.
pfter which thirty days notice the said
,tock NAV be sold in the open market.
Whenever any stock is purchased by the
Roard of Directors for The company, as
lforesaid, 1t shall be the duty of the said
Board within thirty days after said pur-
,hase to cell the said stock to such person
r persons as they may deem best for the
r they may decide.
The stock OF said corporation may be,
transferred under the above conditions; I
,rovided such transfer thereof be made on q
y books OF said company ut its Office In
'rauklin, La, and on the surrender Of the
erti1cate therefor. No transfer Of any
actiopal part Of = share shall be made. :