The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-08-07
CHARTER
State of Louisiana,

OIdUe Vi LOulSldnd,
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,
q 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
a Drug business in the CITY of Match
itOcheS and Parish of Natchi locheS,
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
lcile shall be i'm 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
ton shall be Five Thousand Dollars
divided into so shares of $4,000
par value. Seventy Five per cont of
stock subscribed shall be paid in cash
at time Oesubscription 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 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 Beard of Directors shall be JOS
eph Bath. President; Mrs. Leila Mills
paugh, Vice President and G. 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 fol
Twenty-Five years unless sooner dis
solved, in which event its affairs shall
be liquidated by three commissioners
to be elected 10y ballot by the stock
holders at general meeting held fol
that purpose. The charter may bt
amended at general meeting OF The
stockholders convened for that pur
pose, With the assent o. two.thirds o.
the stock represented at such meet
ing. Provided notice of said meeting
shall be published in local paper ~
days and 10 days written notict
mailed to each stakeholder, stating
the object of such meeting. Provided
further, that publication and writer
notice and all DELAYS may be waived
in writing by all the stockholders. il
which event such meeting NAV b.
held at any time. At all stakeholder
meetings each share of stock shall b'
entitled to one vote
ARTICLE V.
No stockholders shall be held liabl
for the contracts or faults o: tine cor
poration in any further sum than thu
unpaid balance of the shares Subscri
bed for: nor shall any infOlmality il
organization have the effect of render
| ing this charter null or exposing ;
stakeholder to any liability beyont
/ the amount of his subscription.
ARTICLE VI
The capital stock is hereby subscri
/