The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-11-25
CHARTER
United States of America
State of Louisiana,
Parish Of ST Mary

Before me, 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 AMI appeared the parties
whose names are ;iareGnto sabscrl be l. Il
of full ago, VIII declared that, avaiiing
themselves of the provisions Of the laws OF
this state relative to corporations, aud eS-
pecially Act no. IS OF the General As
sembly of the state OF Lou isiana 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 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 AMI DE sued:
to make and use corporate seal, ana the
same to break and alter at pleasure; to
hold, receive, have, purchase, 1mpfpve.
aiiente, convey, sell. bDrro", piei sc, mort
gage and hypothocate under us siii cJr-
pOrate name property real, personal and
mixed; to name AMI appoint such officers,
directors, agents, managers and employees
as the interest or convenience Of SAID cor
pOration may require: to MAKE AMI eN.to'
lish bylaws, rules and reg ulaLionS for the
proper management and regulation OF III
affairs as may be deetnei proper ant
necessary, and the saia3 To change
and alter at pleasure; ana 10 do ali otn=1
acts and thiags :rmittei ~ law, or as
shall or may De necessary al 1 proper 10
carry out the objects and purposes OF siid
corporation.
said corporation, unless sooner disso!y-
ed in accordance with it, charter, Sh iii
exist and continue tor period Of nlnety>
nine years from and after The Jate hereof.
The president, or in his absence the sec
rotary, or the treasurer, shall be the pro-
per person upon whom citation or other
legal process shall be served.
ARTICLE III.
The objects AMI purposes for which this
cOrpOl alton is organized, and the nature
Of the business to be carried on by 1t, are
declared to be the following, to witt
The conducting OF dug store and
pharmacy in the Town Of Franklin, La.
together with the establishment and main |
tenance of any Other bus ness 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. Go0.9O). divided into
and represented hy Forty Six Shares OF
the par value of One Hundred tSl0),O0) |
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
n n n l
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 deer
mine, provided, that no stock shall be is
sued unit! the consideration therefor has
been received Ivy the said corporation.
Any stakeholder 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 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
lforesaid, it shall be the duty Of the said
Board within thirty days after said pur
.hase to sell the said stock to such person
n persons as they may deem best for the I
interest Of the company, and at such price d
s they may decide. L
The stock of said corporation may be D
transferred under the above conditions; Il
rovided such transfer thereof be made on a
be books of said company at its office in Il
rankin, La, and on the surrender Of the
ertificate therefor. No transfer Of any D
-actional part Of share shall be made.