The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-08-14
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,
& w. Millspaugh and Mrs. Leila
/ Millspaugh. wife Of G., W. MilIspaugh
herein aided and authorized by her
| husband, who declared that they
| hereby form and organize themselves
! into a limited corporation for the
/ purpose of operating and conducting
a Drug business in the CITY of Match
/ itOches and Parish of Natchi cOches.
! 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" Its dom
Icile 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 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
The capital stock of this CORPORA
tion shall be Five Thousand Dollars
divided into 80 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 a Board of Directors composed
of three stockholders; two of whom
shall constitute aquOrum. The Board
of Directors shall be elected the LIST
Monday in August, beginning in the
Year 1914 and annually thereafter.
The Directors shall elect from their
own members a 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 &. 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 wears unless sooner dis
solved, in which even its affairs shall
be liquidated by three commissioners
! to be elected by ballot 10y the stock
! holders ut general meeting held for
/ that purpose. Tile charter may be
amendt d at general meeting OF the
stockholders convened for that pur-
| pose, with the assent o. Two thirds OF
the stock represented 1T such meet
/ ina. 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 all DELAYS may be waived
! in writing by all the stockholders, in
which eveIt such meeting NAV be
held at any time. At all ckholders
meetings each share of stock shall be
entitled to one vote
ARTICLE V.
No stockholders shall he held liable
! for the contracts or faults -. the cor
poral ion in any further sum than the
/ unpaid balance of the shares suDscri-
/ bed for: nor shall any infolnality In
/ organization have the effect of render
ing this charter null or exposing
stakeholder to any liability beyond
the amount of his subscription.
/ ARTICLE VI
The capital stock is hereby subscri-