The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-07-31
CHARTER
State Of Louisiana,
Parish of NatchitocheS.

State OF Louisiana,
Parish of Natchitoches.
On this 24th day Of July 1913, per-
Sonally came and appeared before me
the undersigned commissioned and
qualified Notary public, Joseph Bath,
G w. MillSpaugh and Mrs. Leila
Millspaugh. wife of G, w. Millspaugh
herein aided and authorized by her
husband, who declared that they
hereby form and organize themselves
into limited corporation for the
purpose of operating and conducting
Drug business in the City OF Match
itOcheS and Parish of NatchitOcheS,
State of Louisiana, including the pur-
chase and sale and dealing in drugs.
medicines, toilet articles, ariated and
soda water and all such other articles
and things usual and customary in
the operation of drug store and
apothecary shop, and adopt the fol-
lowing articles as the charter thereof:
ARTICLE !
The name of the corporation CITY
Drug Company, Limited It's dom
lcile shall be in the parish of Natchi-
tOches, Louisiana. In its corporate
name it shall have power to contract,
sue and he sued, to acquire property,
real and personal and mixed, to pledge
mortgage and sell the same. to con-
duct and operate a drug BUSINESS: TO
employ clerks and other persons nee
essary to the conduct of the business
and generally to do and perform
all acts essential to the management
Of the business. Service of legal pro-
cess shall be made on the President
and in his absence on the absence on
the Vice President.
ARTICLE IL
The capital stock of this CORPORA
ton shall be Five Thousand Dollars
divided into so shares of $4,000
par value. Seventy Five per cent of
stock subscribed shall be paid in cash
at time of subscription and the bal
ance shall be payable as the Board OF
Directors may determine, No trans
fer of stock shall be valid unless en-
tered upon the books Of the company.
ARTICLE III,
The corporate powers shall be YES
ted in Board of Directors composed
of three stockholders; two of whom
shall constitute aquorum. The Board
of Directors shall be elected the lst
Monday in August, beginning in the
Year 1914 and annually thereafter.
The Directors shall elect from their
own members President, Nice-Pres-
ident and Secretary-1 reasurer. The
first Board of Directors shall be Jos,
eph Bath. President: Mrs. Leila Mills
paugh, Vice President and G. w.
Millspaugh, Secretary Treasurer; all
of whom shall serve until their sue
cessors are elected. ANY vacancy in
the Board of Directors may be filled
for the uneXpired term by the re-
naming Directors. Board members
may act at Board meetings by writ
ten proxy in favor of another board
member.
ARTICLE ~.
This corporation shall exist for
Twenty, Five years unless sooner lis
solved. in which even its affairs shall
be liquidated ny three commissioners
! to be elected by ballot by the stock
| holders at general meeting held for
/ that purpt Sc. Tie charter may be
/ amt nued at a general meeting of the
stockholders convened for that pur-
pose. with the assent o. two thirds of
the stock represented at such meet
ing. Provided notice of said meeting
shall be published in local paper 30
days and 10 days written notice
mailed to each stakeholder, stating
the object of such meeting. Provided
further, that publication and written
notice and ali DELAYS may be waived
in writing by all the stockholders, in
which event such meeting may be
held at any time. At all stockholders
meetings each share of stock shall be
entitled to one vote
ARTICLE V.
No stockholders shall he held liable
for the contracts or faults o. the cor
poralion in any further sum than the
unpaid balance of the shares sEDscri-
bed for: nor shall any infoima!ity in
organization have the effect of render
ing this charter null or exposing a
stakeholder to any liability beyond
the amount of his subscription.
ARTICLE VI
The capital stock is hereby u 'scris