The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-08-12

to form and constitute COT pora'ion
and body polite in law under the name
and for the business purposes ana oD-
iects and with the stipulations, articles
and conditions following, to-wlt:
ARTICLE 1.
NAME. The name of this corpora
t;on is Pollock Drug Company, Inc
Hinder said name and title said corpora
tion shall have and enjoy succession
for the time hereinafter stated; ana
shall have power and authority to sue
and be sued by it's corporate name IN
any court of competent Jurisdlction; 10
make and use a common seal and alter
the same at pleasure; to acquire prop
erty by grant, gift, purchase devise
and beouest, and to lease, hold, dispose
of. mortgage and pledge same; to ap-
point such officers and agents as the
business of the corporation may require
and to fix their compensation; to make
bylaws, not inconsistent with any ex-
listing law, fixing or altering the man.
agement of its property, the regula,
ton and government of its affairs, and
manner of certification and registra-
ton of its stock; to conduct business
in the parish of Grant in the State OF
Louisiana and in the u. S. of America;
and generally to have and enjoy all the
power and privileges which corpora
tons possess and may hereafter pos
sess under the laws of the State OF
Louisiana.
ARTICLE 2.
PURPOSE. The purpose for which
this corporation is formed is to engage
in the conduct of retail drug business
in the town of Pollock, parish of Grant,
State of Louisiana, and at such other
places as the board of directors may
designate, and in connection with said
purpose purchase, compound and sell
drugs and accessories, prescriptions,
and medicines, ice cream, carbonated
water, stationery, books, and generally
all other articles of commerce handled
in trade in connection with the opera
ton of a drug business in country
towns and in connection with kindred
lines.
ARTICLE 8.
CAPITAL STOCK. The amount of
capital stock of this corporation is five
thousand ($50O0. 00) dollars, divided into
and represented by so shares of the par
value of 500 90 each, all of which CAPT.
tai stock has been subscribed as fol-
scribing for and taking q shares; the
said George A. Foster subscribing for
and taking Is shares; the said B. H.
Johnson subscribing for and taking 5
shares.
ARTICLE4.
INCREASE OF CAPITAL STOCK.
The capital stock of this corporation
may be increased to the amount of
SIS, 900. 90.
ARTICLES.
DOMICILE. The location of this
corporation is the town of Pollock,
parish of Grant, State of Louisiana,
where all meetings of the stockholders
and directors shall be held; provided,
that, with the written consent of all
the directors, valid meetings of the d.
rectors may be held outside of this
State or within this State elsewhere
than at the corporations domicile.
ARTICLE 6.
PERIOD OF DURATION. The pc
riod of duration of this corporation
shall be SO years unless sooner dissolv-
ed in the form and manner prescribed
by law.
ARTICLE
DIRECTORS. The board of direc-
tors of this corporation shall be three.
The first board of directors shall be the |
said William G. Beall, the said George
A. Foster, and the said B. H. johnson,
who are hereby selected to serve for
the first year and who shall continue in |
office until the first Monday in July, A. |
d. 1917, or until their successors are
elected and qualified.
The said board of directors is hereby |
invested with all the corporate powers
of this corporation subject to such re-
strictlons as may be named in this |
charter.
Beginning with the first Monday of |
the month of July, 1917, the stockhold- |
ers' meeting for the election of direc- |
tors shall be held annually at Pollock.
Louisiana, the domicile of the corpora
ton, and notice thereof must be deliv |
cred personally or by depositing in the
postoffice, addressed to each stockhold
er according to his address as shown on |
the books of the corporation at least Is |
days before said meeting.
Each director must hold in his own
name at least one share of the capital |
stock OF this corporation.
Ine election of directors shall be bv
ballot; and each stakeholder shall. at
such meeting, and at every stockbold-
ers' meeting, be entitled to one vote in
person or by written proxy for each
snare OF the capital stock held by him.
or ne may send his vote by letter. the
signature OF which must be acknowl- |
edged before notary public or other
ofncer authorized to take affidavits. All
votes shall be cast in person or bv
written proxy. A majority of the votes
cast shall elect. A majority of the
members of said board shall Constitute
a quorum for the transaction of ali
business. The board of directors shall
have power and authority by a MAORI
~ vote OF its members to fill vacancies
IN Its membership caused by death
resignation or otherwise.
Tho failure - 49, \.