The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-06

Incorporated. and, as such, it shall have and
enjoy succession and existence for period of
ninety-nine years from tne date hereof; II
shall have all the powers, rights privileges
and prerosatives including the right to buy
sell, mortgage and lease real estate, belonging
to and incidental to corporations in general,
which will be necessary or requisite TO carry
out the objects and purposes for which il is
organized.
Article 1.-THE domicile of this corporation
shall be in the city Of New Orleans, state OF
Louisiana, where all citations other legal
process shall be served upon the president,
or, IN his absence, upon the secretary.
Article lII.-The objects and purpoaes for
which this corporation is organized, and the
it are stated and declared to be as follows:
To manufacture and compound drugs, chem
icals and medicines; TO buy. sell at wholesale
and retail, and to deal in all kinds Of drugs,
other medicines, and to carry V on a general
merchandise and drug business, including the
right TO acquire and sell patents and proprie
tary rights to all drugs, medicines, compounds
and formulas.
Article IV.-The capital stock of this cor
poration is hereby fixed at three thousand
dollars, divided into thirty shares of one hun
dred dollars each, TO be paid for in cash, or
its equivalent in labor and property. No
certificate of stock shah De issued and deliv
cred except for labor done. money prop
erty actually. received. All transfer of stock
shall be made on the books of the CORPORA
ton by surrender of the original certificate
properly endorsed for cancellation by the
stakeholder in whose favor it is issued, or
by his duly authorized agent.
Article V.-All corporate powers of this cor
Doration shall be vested in and exercised by
board of directors, composed Of three stock
holders, two of whom shall constitute a quo
rum for the transaction of business.
Until the first Monday of March, 1916
the following named persons shall constitute
the board of directors of this corporation, to-
wit: Arthur c. De Monsabert, Joseph NJ.
Elliot and Stephen Thibervlle.
Thereafter the board of directors shall be
composed of stockholders who shall be elected
annually, beginning on the first Monday of
March, 1916. All elections of directors shall
be by ballot, and each stakeholder shall be
entitled to one vote for each share of stock
standing in his name on the books of the
corporation, the vote TO be cast in person or
by proxy; and it shall require a majority of
stock present or represented to elect. fail
ure to elect board of directors on the first
Monday of March, 1916 annually there
after, shall not work forfeiture of this char
ter, but the old board of directors shall
main in office until their successors are elect
ed and qualified.
Article VI-The board of directors shall
hold regular meetings at the domicile of the
corporation at stated periods at such times as
shall be fixed in the bylaws of this corpora
ton.
Any vacancy occurring in the board of
directors, either from death, resignation or in,
ability to serve, shall be filled by the board
of directors at its next regular meeting after
such vacancy shall have been brought to its
The first board Of directors under this char
ter shall be required to draft a suitable set
of bylaws for the government of the corpora
ton, which shall be altered, amended or
changed as the exigencies Of the case may re-
quire.
Article VII.-Tne officers OF this corporation
shall consist of a president, a vice president,
a secretary and treasurer, each of whom
must be stakeholder. The offices of secre.
tary and treasurer may be held by one and
the same person. Until the election TO be
held in 1916 the following named persons shall
the officers of this corporation:
Arthur C. De Monsabert, as president. and
also as its general manager: Joseph NJ. Elliot,
as vice president, and Stephen Thiberville, as
and treasurer.
Article VIII.-This charter may be amended,
modified or changed, the capital stock may be
increased or decreased. or the corporation may
De dissolved with the assent of three -fourths