The Caucasian. (Shreveport, La.) 1900-192?, 1913-02-06
CHARTER
OF the Majestic Drug Company.

La, who declared that availinS
themselves of the provisions Of Act
70 of 1904 Of the General Assembly
of the State of Louisiana, they have
formed and do by these presents
form themselves into a corporation
for the objects and purposes and
under the stipulations heren set
forth, which they do hereby adopt
as their charter, to-wit:
ARTICLE /.
The name and title of this corpor-
alton shall be Majestic Drug Com
pany, and by that name it shall have
power and authority to have and
enjoy succession for the term of
twenty-five years from and after
the date of this charter; to sue and
be sued; to make and use corpor-
ate seal and the same to change at
pleasure; to hold and receive, lease,
purchase ALLEVIATE and convey as we'll
as mortgag and hypothecate prop
erty, real. personal and mixed; to
name and appoint such managers,
directors, officers and agents as the
interests of such corporation may
require, and to make and establish
such bylaws, rules and regulations
for the proper management of the
affairs of said corporation as may
be necessary and proper, and the
same to alter at will.
ARTICLE II.
The domicile of this corporation
shall be in Shreveport, Caddo Par
ish, Louisiana, and all citations and
other legal process sshall be served
on the president of the corporation,
or in his absence on the vice presi-
dent.
ARTICLE III.
The purposes for which this cor
pOratiOn is organized are declared to
be the buying and selling of drugs
and sundries and the conducting of
general drug store with soda
fountain.
ARTICLE ~.
The capital stock Of this corpora
ton is hereby fixed at the sum Of
ten thousand dollars, divided into
one hundred shares of the par value
of one hundred dollars each; the
corporation to begin business when
three thousand dollars of its capital
stock is subscribed and paid in. Said
stock to be paid for in cash or in
property or other equivalent in
such manner as the board of direc-
tors may determine.
ARTICLE v.
All the corporate powers of this
corporation shall be vested in a
board of directors to be composed
of four stockholders, which board
shall be elected annually on the first
Monday in January beginning with
the year 1914. Three of said board
shall constitute a quorum for bust
ness. The first board of directors
and the officers shall be as follows:
7. P. Lloyd, president; G. A. Skoog,
vice president; C. W.ekane, secre-
tary-treasurer, and C. W. Lane. The
president, vice president, secretary
and treasurer shall constitute the
officers of this corporation with the
usual duties incident to such offices.
ARTICLE vi.
The directors shall be elected by
the stockholders, each share Of
stock to be entitled to one vote to
be cast by its owner in person or by
proxy, and the majority OF votes
shall elect. The board Of directors
shall make all such rules and regu-
lations for the management of the
business of the corporation as it
may deem necessary and expedient.
ARTICLE VII.
This charter may be modified,
changed or this corporation dis
solved with the consent OF three
fourths of the capital stock repre-
sented at meeting OF the stock
holders convened for that purpose.
There shall be ten days notice given
of all stockholders meetings pub
lished in one of the daily newspa-
pers of the City of Shreveport, or
notice of such meeting mailed to
each stakeholder by the secretary
ten days before the date Of the
meeting, provided such notice by
publication or written notice may be
waived by written consent of all
stockholders.
ARTICLE VIII.
Whenever this corporation is dis
solved by limitation or otherwise its
affairs shall be liquidated by two
commissioners elected by the stock
holders, who shall have full power
to wind up its affairs and settle its
liabilities and distribute the pro-
ceeds among the creditors and the