The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-01-15

d
associated with them, or with thell
successors, into corporation, ior IN! .hc
objects and purposes, and under the
conditions following, to-Wlt:
ARTICLE ].
The name of the corporation shall be
BABINGTON'S DRUG STORE, lNCOR-
PORATED and under that name II
shall have and enjoy succession ana
existence for the term of nlnety-nihe
years, unless sooner dissolved by la"
| or by consent of the stockholders as
hereinafter provided.
| Under this name the said corpora
| tor shall have the power and authof-
! ity TO contract be contracted with, sue
| and DE sued to make and use cor
! porate seal and to alter same at pleas
! iire: to hold receive, have, purchase,
| ALLEVIATE, pledge, mortgage. and hypoth-
| eCate under the said corporate name,
: property real personal and mixed; to
name and appoint such officers, direct
Crs, agents, managers or other EN-
plovees as the interest or business OF
| this corporation may require; to es-
tablish branch stores and to operate
same in any part of the State of Lou
|isiana as the Board of Directors may
determine; to make and establish such
J by laws, rules and regulations. Tor the
proper management of its affairs, as II
|
the said corporation shall hold ana en-
ercise all such powers and. privileges
as relates to the objects herein set
forth or that may be necessary to carry
on the business for which this corpora
tion is established and which this cor
poration may legally do or perform
under the laws of this Stat2.
| ARTICLE Ii.
The domicile of this corporation shall
be at FranKlinton, Washington Parish,
Louisiana, where all citations, papers
and other legal process shall be served
upon the president or in his absence
or inability to act. the secretary treas
Iur9r.
ARTICLE III.
The objects ana purposes lor which
this CORPORATION is established, and the
nature of the business to be carried or
by it, are hereby declared to be the
operation of a drug store, CONNECTION.
I cry and notion store; to buy and sell
+ either at wholesale or retail. drug
medicines, confectionery supplies, to-
| bacco, cigars and school books. nnC
3 such notions ana novelties as are
, usually sold in a first class drug store
, and do all acts necessary and proper
! for the conduct and maintenance OF the
business as above outlined, or as Incl
dental thereto.
! ARTICLE ".
n The capital stock of this corporation
]. shall be TEN THOUSAND C$1O,OOOOO
-. DOLLARS, divided into and represented
by One Hundred Shares of stock at tn
par value of One Hundred Dollars each
!: said stock shall be paid for in casl
at the time of subscription, or as tn
e same is issued, for not less thbn par
\ or in payment or in exchange for prop
erty actually received or purchased b.
!. this corporation. or for work or ser
; vices actually rendered.
This corporation may commence do
, ing business and shall be going con
> Germ as soon as Three Thousan
. (s3,0O000) Dollars Of its capital stool
shall have been subscribed for. TIL
y Board of Directors shall have the RICH
J, to determine how much H. stock shall b
. issued after the first Three ThouSan
g Dollars of its capital stock shall hav
O been issued.
Any stockholder may sell, assign o
b transfer his stock in this corporation
no transfer of stock shall be mad
unless the same is transferred on tn
% books of this corporation at its office
e ARTICLE V.
D The corporate powers of this cor
If poration shall be vested in and eXer
cised by a Board of Directors com
o posed of three stockholders, and thei
f decisions and acts shall bind this cor
poration. The first election of tn
q Board of Directors under this charte
:, shall be held at meeting Of tn
Ii stockholders to be held at the office O
- the corporation on the first Monda
in January, 1915. and thereafter tn
Lotto Il hn1l hon Dr 4
Il rectors on the first Monday in Jan
~ uary of each year, who shall serv
until their successors shall have bee
elected and qualified. The Board c
Directors shall elect from among thei
number their officers, which shall b
and Treasurer shall be held by tn
same stockholder. No person shall b
eligible as a director, or hold an offic
t. in this corporation. who is not a stock
~ holder; during the absence of tt
d. President the Vice President shall az
j. and preside in his stead. Notice of tn
election of the Board of Directors sha
be given in writing by mail, addresse
Je to each stakeholder at his usual plaC
e: of business ten days prior to said elet
n ton, and the Board of Directors sha
>, appoint one of the stockholders tGo pre-
n side at said election; and in the ever
" lidI Sdlu SloChHoiuCl shall ldll W d
tend, the President shall appoint
stakeholder to fill his vacancy; an
failure, for any cause whatever. to elet
directors, on the day named for tha
purpose shall not dissolve this col
- poration, but the directors then in OF
= flee and the incumbent officers sha
7 continue to serve until their successor
are chosen. At every election an
meeting of the stockholders, eac
stakeholder shall be entitled to on
vote for each share of stock registere
in his name, and the vote Of the stock