The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-10-21
CHARTER
United States of America,
State of Louisiana,
Parish of st. Mary.

BeforeIme. Charles j. Boatner, a Notary
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 hereunto subscribed, all
of full ago, who declared that, availing
themselves of the provisions Of the laws Of
this state relative to corporations, and es.
peciallv Act No. IS of the General AS
semby of the State Of Louisiana for the
year 1904; they,have coveDanted 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
N law, for the purpose and objects and
a I'd under the stipulations, articles and
conditions following, to wit:
ARTICLE l.
The name and title of the said corporation
shall be 1.-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 a corporate seal, and the
8 me to break and alter at pleasure; to
hold, receive, have, purchase, improve,
aliente. convey, sell, borrow, pledge, mort
gage and hypothecate urder its said COR
porate name property real, personal and
mixed; to name and appOi 1t such officers,
directors, agents, managers and employees
as The interest O. convenience of said cor
poration may requi e: to make and estab-
fish bylaws, rules and regulatio Is for the
proper management and regulation of its
affairs as may be deemed proper and
necessary, and the same to change
and alter at pie sure; and to do all other
acts and things permitted by law, or as
shall or MAY be necessary and proper to
carry out the objects and purpose of said
corporation.
Said corporation, unless sooner dissolv-
ed in accordance with its charter, shall
exist and continue for period Of ninety
nine years from and after the date hereof.
The president, or in his absence the Sec
rotary, or the treasurer, shall Ibe the pro-
per person. upon whom citation or other
legal process shall be served.
ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature
OF the bus ness to be carried on by 1t, are
declared to be the following, to witt
The conducting of a dug store and
pharn acy in the Town of Franklin, La,
together with the es Adjustment and main
te farce of any other busir ess usually con-
NJ ted with or incident to the same; also
to o duct and operate a 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 GA, 6OO.OO), divided into
and represented by Forty Six Shares of
the par value of One Hundred (SlOO,OO)
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-
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 stakeholder may sell, assign or
transfer his stock in this corporation, pro-
vided thirty days prior notice of such in
be 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-
chase to cell the said stock to such person
DR. persons as they may deem best for the
interest of the company, and at such price
Is 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
La, and on the surrender of the
certificate therefor. No transfer of any
part Of share shall be made.
This CORPORATION shall commence doing |