New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-06-28
ACT OF INCORPOR4TION
OF THE
|erOrug Company
OF LOUISIANA,

STATE OF LOUISIANA,
OF IBERIA.
Be It known that on this 10Th day /
Of the month of May. A. D.. 1913. be-
fore me. Ventress J. Smith, 4 Notary
Public. duly commissioned and qualified,
in and for the Parish of iberia, State
Of Louisiana and IN the presence OF the
witnesses hereinafter named and under
signed. personally came and appeared
the persons whose rames are hereuuto
who declared that avalllng
themselves Of the provisions OF the laws
Of the State of Louisiana relative to the
formation of corporations, that they do
by these presents covenant and agree by
and with themselves and such other per
sons as may become hereafter associated
with them to form and constitute cor
poratiou aud body polite in law, for
the objects and purposes and under the
stipuIations hereinafter set forth.
ARTICLE L
The name of this corporation shall be
THE FULLER DRUG COMPANY
and it shall have the powe~ to exist
for period of fifty years from date
hereof to contract sue and be sued; to
pu chase. hold, sell, lease mortgage and
pledge real estate and personal prop |
erty, to appoint such directors, officers
and agents as the interests of the Com
pany may require, and generally to do |
all things ueedful and necessary for the
purposes herein stated.
ARTILE II
Il. CHI
be in the City # New iberia, Parish ct
iberia, Louisiana, and all citations or
other legal process shall be served upon
the President and in his absence upon
the Vice President, or in the absence of
both. upon the Secretary Treasurer.
ARTICLE III.
The purpose for which this corporation
is established and the nature of the bus
mess to be carried on by It are declared
to be the purchase and sale, by retail, OF
drugs chemicals, toilet articles, perfum-
cry, etc, and all other articles of mer-
chandise that is or may be incident 10
the carrying on of general retail drug
business.
ARTICLE ".
The capital stock of this corporation
is fixed at Ten Thousand Dollars $50
900 00) divided into and represented by
one hundred shares of the par value OF
One Hundred Dollars each No certih
cate of stock shall be issued until the
same shall have been paid for, in cash,
| property or such other equivalent as the
Board Of Directors may determine or
the laws of the State of Louisiana may
permit.
| This corporation shall have the right
to begin business as soon as Three Thou
| sand Dollars of the capital stock shall
have been subscribed and paid for.
| No stakeholder in this Company shall
| offer for sale any stock in this company
without first offering to one of the
members hereof and ten days notice
given of such intended sale. It being
understood that the shareholders in this
| company shall first be given the privi-
lege of purchasing any stock that may
be offered for sale.
ARTICLE V.
The corporate powers of this corpora
ton shall be vested in a Board of three
Directors elected by majority of the
stockholders thereof at the annual cleo
ton to be held therefor, on the first
! Monday of June of each year. The
said Board shall hold office for year
or until their successors shall have been
elected and qualified In case of failure
to elect Directors on the day herein
fixed. this corporation shall not be dis
solved but the incumbeut Directors shall
| continue in office until their successors
shall have been elected and qualified. II
any vacancy should occur on the Board
of Directors the same shall be filled by
| the remaining Directors by appoint
ment from among the stockholders.
ARTICLE VI.
The Board of Directors shall have
power to make. adopt or repeal such
rules and regulations for the conduct
management and business of the cor
poration as they may deem proper; to
appoint from time to time such officers
agents, clerks, or other employees as
they NAV deem necessary, and to dis
charge at pleasure All salaries and
compensation for agents, clerks and EN-
plovees shall be fixed by the Board OF
Directors and shall be changed at then
pleasure.
ARTICLE VII.
The officers of this corporation shall
consist Of a President Vice President
and Secretary Treasurer elected by the
Board of Directors at their first meeting tc
be held on the first Monday of June 1914
at every annual election notice thereof
shall be given to the stockholders by
publication ten days previous to sad
meeting and at the annual meeting Of
the stockholders may vote by proxy.
ARTICLE VIII.
At its dissolution, whether by liqui-
: dation or expiration of Charter or other
wise, the affairs of this corporation shall
be liquidated by one or more Comm s
sioners, elected by majority of stock
holders at meeting held for that pur'
pose, ten days previous notice in writini
being given to each stakeholder SAT-
commissioners to remain in office unit
the affairs of said corporation shall hav
been finally liauidated; and should vac
ancy occur in their number such vacanc,
shall be filled by the remaining Com
: missioners from one of the stockholders
ARTICLE TX.
No stakeholder of this corporation shal
wer be held liable or responsible for tn
!, contracts or faults thereof in any furthe
sum than the unpaid balance due tn
company on the shares of stock sab
suribed by him; nor shall any informal
ity in organization have the effect
rendering this Charter null or of expos
ing a stakeholder to any liability beyon
the unpaid balance, if any, of his STOCK
ARTICLE K
, Until the election to be held in Jun
1914. the first Board of Directors sha
consist of Thomas E. Conrad, Henry l
Fuller and w. L. Burke; of whor
; Thomas E. Conrad shall be President
w. L. Burke, Vice President, and Henr
L. Fuller, Secretary Treasurer
Thus done, executed and signed in tn
City of New Iberia, Parish of Iberia, o
the day, month and year first above writ
ten. in the presence of L. L. Dauter'v
[ and A. A. Dauterive, competent wines
i ses. who have hereunto subscribed thei
names, together with said appearers an
me-, Notary, after due reading