The herald., 1914-08-13

Incorporated. and, as SUCH it shall have and
! enjoy succession and existence for a period OF
| ninety years from ,ne date hereof; II
| 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 domcile 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 lll.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried by
| it are 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 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
| bred dollars each, TO be paid for in cash, or
its equivalent in labor and property. No
| certificate of stock shah De issued and dcliv-
cred except for labor done, or money or prop
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 II is issued, or
| by his duly authorized agent.
| Article Vail corporate powers of this cor
| Doration shall be vested in and exercised by
] a 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 Thiberville.
Thereafter the board of directors shall be
composed of stockholders who shall be elected
annually, beginning on the first Monday OF
March, 1910 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. A 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 re-
main in office until their successors 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 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, 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 {. De Monsabert, as president, and
also as it's 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