The herald., 1914-07-16

merchandise and drug business, including III,
night to acquire and sell patents and proprie
tary rights to all drugs, medicines, compound:
and formulas.
poration Is hereby fixed at three thousand
dollars, divided into thirty shares of one hun
dred dollars each, to be paid for in cash. OF
it's equivalent in labor and property. Nc
certificate OF stock shall pe issued and dcliv
cred except for labor done, money or prop,
erty actually received. All transfer of stock
shall be made on the books OF the corpora
tion by surrender of the original certificate
properly endorsed for cancellation by the
stakeholder in whose favor it is issued, OF
by his duly authorized agent
Article N.-All corporate powers of this cor
DOration shall be vested III 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, 1910,
the following named persons shall constitute
the board Of directors of this corporation, to-
wit: Arthur {. DE Monsabert, Joseph VI.
Elliot and Stephen Thibervile.
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 stockholder 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 or
by proxy: and II shall require a majority Of
stock present or represented 10 elect. a fail
Monday OF March. 1916, annually there
after, shall not work forfeiture Of this char
ter, but the old board of directors shall .e-
main IN office until their successors are elect
ed and qualified.
Article VI-The board of directors shall
hold regular meetings at the domic'le OF the
corporation at stated periods al such times as
shall be fixed in the bylaws OF this corpora
tion.
Any vacancy occurring in the board Of
directors. either from death, resignation or in,
ability to serve. shall be hlied by the board
of directors at its next regular meeting after
such vacancy shall have been brought to It's
knowledge.
The first board Of directors under this char
ter shall be required to draft a suitable sci
Of bylaws for the government Of the corpora
tion, which shall be altered, amended OF
changed as the eXigencies of the case may re
qure.
shall consist OF a president, a vice president
secretary and 4 treasurer, each of whom
must be stockholder. 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, president, and
also as its general manager; Joseph NJ Elliot
as vice president and Stephen 1hiberville, as
secretary and treasurer.
Article VIII.-This charter may be anne nded
modified or changed. the capital stock may b,
increased or decreased or the corporation NAV
be dissolved with the assent Of three-fourth,
Of the stockholders, present or represented, al
any general meeting held for that purpose
after thirty days prior notice in writing Il
each stakeholder mailed 70 him at his last
known address, and upon complying with al
laws in such cases made and provided.
Article IN.-At the expiration of this char
ter, or the earlier dissolution Of this corpora
tion. its affairs shall be liqudated by three
commissioners named by the board OF drec
tors, all of whom shall hold stock in thi.
corporation; and said commissioners are here
by vested with full power and authority e
sell any and all assets and property, real
personal or mixed, OF this corporation, and Il
convey full and complete title thereto, and L
do and perform any and all acts essential anC
necessary 10 a complete and full liquidation
Of the affairs Of this corporation, and 70 dis
tribute the proceeds, Al any, as directed by
special meeting OF the stockholders convened
for that purpose, after due notice. as provided
herein.
In the event Of death. inability or resigna
| ton Of any one or more of said commiSSio
ers, the survivor or survivors shall continue &
act and perform all necessary acts, with full
power and authority as herein mentioned.
| The incorDorators have placed opposite thei
| respective signature the number Of shares 0
| the capital stock for which each subscribe
| which is to be taken and considered as III
original subscription list Of this corporation
| and is to be recorded as such.
| Thus done and passed at my Office at tn