The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-08-19

DeCOIfIt dSSOCtdlCt Will lnCii
to form and constitute corporation
and body polite in law under the name
and for the business purposes and OBJ
jects and with the stipulations, articles
and conditions following, to-wit:
ARTICLE l.
NAME. The name of this corpora
ton is Pollock Drug Company, Inc.
Under said name and title said corpora
ton shall have and enjoy succession
for the time hereinafter stated; and
shall have power and authority to sue
and be sued by its corporate name in
any court of competent jurisdiction; to
make and use common seal and alter
the same at pleasure; to acquire prop
erty by grant, gift, purchase, devise
and bequest, 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-
isting law, fixing or altering the man.
agement of it's property. the regula-
ton and government of it's affairs, and
manner of certifcation 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
lions possess and may hereafter pos
sess under the laws of the State of
Louisiana.
ARTICLE
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 drug business in country
towns and in connection with kindred
lines.
ARTICLE3
CAPITAL STOCK. The amount of
capital stock of this corporation is five
thousand ($5000. 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-
lows: The said William c. Beall SUBJ
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.
ARTICLE
INCREASE OF CAPITAL STOCK.
L. 81 1f
may be increased to the amount of
$15, 900. 90.
ARTICLE
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 corporation domicile.
ARTICLE 6.
PERIOD OF DURATION. The Pc
riod of duration of this corporation
shall be SO years unless sooner dissplv-
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-
strictions 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-
err 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.
The election of directors shall be by
ballot; and each stakeholder SHALL, at
such meeting, and at every stockhold-
ers' meeting, be entitled to one vote in
person or by written proxy for each
share of the capital stock held by him,
or he may send his vote by letter. the
signature of which must be acknowl-
edged before notary public or other
officer authorized to take affidavits. All
votes shall be cast in person or by
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 all
business. The board of directors shall
have power ana authority by MAORI
ty vote of its members to fill vacancies
in it's membership caused by death,
resignation or otherwise.
The failure to elect directors shall