New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-06-21
.17T or TNCORPORA1IO"
OF THE
u||erDrug Company

= a,;s;ana and in the presence VI "
- ha,.;rafter named and under !
signed. personally came ana spp
.be nersons whose names are -.
,ubscribed. who declared ths'
.h.mselyes of the provisions oil the
4 the State of Louisiana relative "
J-,t;on of CORPORATIONS, that they oo
Dy these presents covenant a"o ,
and with themselves and suoh o'he'
sons as may become hereafter ssSo'''s
with them, to form and constitute
,or,t;on and body polite in law ~
Tho objects and purposes and unoei ''e
hereinafter set forth.
ARTICLE |.
Tho name of this corporation shail DC
.oTuE FULLER DRUG CUM FAN
,na Il shall have the power to exist
10, period of fifty years from oA'o
tooaf 20 contract. sue and be sued 10
mn chase hold, SELL lease, mortgage anu
pledpe real estate and personal piop
ertv; to appoint such directors, oil'
and agents as the interests oil tne No'
pauv may require, and generally 10 uo
all things needful and necessary ior Tue
purposes herein stated.
ARTILE ii.
The domicile of this corporation s"""
he in the City tf New Iberia, PARISH e'
iberia Louisiana, and all citations OF
other legal process shall be served upon
the President, and in his absence upon
the Vice President or in the absence Oh
both, upon the Secretary treasurer
ARTICLE III.
The purpose fer which this corporation
is established and the nature OF the pus
mess TO be carried on by it are declared
TO he the purchase and sale, by retail, OF
drugs, chemicals, toilet articles, periuh'
ery. etc, and all other articles OF me1
cbandise that is or may be incident u
the carrying on of general retail drug
business.
ARTICLE Nv.
The capital stock of this corporation
is fixed at Ten Thousand Dollars DIV
600 OO), divided into and represented ny
one hundred shares of the par value OF
One Hundred Dollars each. No certii
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 OF
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 tor.
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. 1t 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 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 one 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 incumbent Directors shall
continue in office until their successors
shall have been elected and qualified If
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 may deem necessary, and to dis
charge at pleasure. All salaries and
compensation for agents, clerks and EN-
ployees shall be fixed by the Board of
Directors and shall be changed at their
pleasure.
ARTICLE VII.
The officers Of this corporation shall
consist of a President, Vice President
and Secretary treasurer elected by the
Board of Direettks at their first meeting to
be held on the first Monday of June 1914 ,
at every annual election notice thereof
shall be given to the stockholders by
publication IN days previous to said
meeting and at the annual meeting of
the stockholdax pay 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 a majority Of stock
holders at a meeting held for that puy-
pose, ten days previous notice in writing
being given to each stakeholder. Said
Commissioners to remain in office until
the affairs of said corporation shall have
been finally liquidated; and should vac
ancy occur In their number such vacancy
shall be filled by the remaining Com
missioners from one of the stockholders
ARTICLE TX.
No stakeholder of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due tho
company on the shares of stock sub
suribed by him; nor shall any informal
ity In organization have the effect Of
rendering this Charter null or of expos
ing a stakeholder to any liability beyond
the unpaid balance, if any. of his stock
ARTICLE X.
Until the election to be held in June
1914, the first Board of Directors shall
consist of Thomas E. Conrad, Henry L.
Fuller and w. L. Burke; of whom
Thomas E. Conrad shall be President;
w. l.. Burke, Vice President, and Henry
l.. Fuller, Secretary Treasurer
Thus done, executed and signed in the
City of New Iberia, Parish of iberia, on
the day, month and year first above writ
ten, in the presence of L. L. Dauterive
and A. A. Dauterive, competent witnss-
ses, who have hereunto subscribed their
names, together with said sppearers and
me, Notary, after due reading.
Witnesses:
L. J. DAUTERIVE.