The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-20

| Incorporated. and, as such, il shall have and
enjoy succession and existence for period OF
ninety-nine years from ,ne date hereof; IT
| shall have all the powers, rights, privileges
and prerogatives, 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 1t is
organized
Article 1.-THE domicilc of this corporation
shall be in the city of New Orleans. state Of
Louisiana, where all citations or other legal
process shall be served upon the president,
or, in his absence, upon the secretary.
Article lIl.-Ihe objects and purposes for
which this corporation is organized, and the
| nature of the business to be carried on by
it stated and declared to be as follows:
To manufacture and compound drugs, chem
and retail, and to deal in all kinds of drugs,
chemicals, oil and patents, proprietary and
other medicines; and to carry on general
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
bred dollars each, to be paid for in cash, or
| its equivalent in labor and property. No
| certificate of stock shall De issued and deliv-
cred except for labor done, or money or prop
| erty actually received. All transfer of stock
shall be made On the books of the corpora
| ton by surrender of the original certificate
l
stakeholder in whose favor it is issued, or
| by his duly authorized agent
Article V.-All corporate powers of this cor
poration shall be vested in and exercised by
a board of directors, composed of three stock
| holders, two of whom shall constitute quo
rum for the transaction of business.
Until the first Monday of March, 1916,
| the following named persons shall constitute
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 vote for each share of stock
| standing in his name on the books OF the
corporation, the vote to be cast in person OF
| by proxy; and it shall require majority OF
| stock present or represented to elect. A tan
ure to elect a board of directors on the first
| Monday of March,. 1916, or annually there
after, shall not work forfeiture of this char
| ter, but the old board of directors shall re-
, 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
knowledge.
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.-The officers OF this corporation
shall consist of president, a vice president,
secretary and treasurer, each of whom
must be a 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
constitute 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
secretary and treasurer.
Article VIII.-This charter may be amended,
modified or changed, the capital stock may be
increased or decreased, or the corporation may
be dissolved with the assent of three-fourths