The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-08-21
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 q. W. MillSpaugh
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, OcheS.
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 a 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
lcile shall be i'm the parish of Natchi-
| toches, Louisiana. In its corporate
name it shall have power to contract,
sue and be 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.
ARTICLEII
The capital stock of this corpora
ton 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 i'm August, beginning in the
Year 1914 and annually thereafter.
The Directors shall elect from their
own members a President, Eice-Pres-
ident and Secretary! reasurer. The
FIRST Board of Directors shall be JOS
eph Bath. President: Mrs. Leila Mills
paugh. Vice President and q. w.
MilIspaugh, 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
T&eHtv Five wears unless sooner dis
solved. in WLicn even its affairs shall
be liquidated by three commissioners
to be elected by ballot by the stock
holders 1T general meeting held for
that purpose. The charter may be
amen led al 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
i'm writing by all the stockholders. in
which event such meeting hlav be
held at any time. At all Stockholders
meetings each share of stock shall be
entitled to enc vote
ARTICLE V.
No stockholders shall he held liable
! for tie contracts or faults o. the cor
porai ION III ANY further sum than the
unpaid balance of the shares subscri-
bed for: tior shall any ihfoiinality in
organization have the effect of render
Ing this charter null or exposing d
stakeholder to any liability beyond
the amount of his subscription.
/ ARTICLE VI
. The capital stock is hereby subscrl-