The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1916-12-30
CHARTER OF Bl00M-SEvlER Drug
COMPANY, INC.

/ Pc IT KNOWN That on this, the sixth
day of November in the year of
Our lord one thousand nine hundred
and sixteen, before me, John f. Yerger.
Clerk of Court and Ex-Officio Notary
Public in and for the Parish OF Madison,
State of Louisiana, duly commissioned
and qualified according to law. and in
the presence of the witnesses herein
after named and undersigned. person
ally came and appeared the persons
whose names are hereunto subscribed,
all of full age, who declared that avail
ing the nselves of the provisions of the
laws of this State relative TO corpora
tons. and especially of Act No. 267 OF
1914 of the General Assembly of LOuiSi-
ana. they have covenanted and agreed
and bind themselves, as well as such
other persons as NAV herea after become
associated with them, to form and con-
stitute a corporation and body polite in
| law, for the purposes and objects and
under the stipulations, articles and con-
diuons following. to-wit.
ARTICLE l.
| The name and style of said Corpora
alton shall be the Bloom-Sevier Drug
Company, Inc, andit dOmicile is hereby
established in the town of Tallulah,
| Parish of Madison, State of Louisiana,
and under its said corporate name said
! corporation shall have power and au-
| thority TO contract, sue and be sued; to
make and use corporate seal. and the
same to break or alter at pleasure; to
! hold, receive, have, purchase. improve,
ALLEVIATE, convey. borrow, sell, pledge,
mortgage and hypOthecate under its
said corporate name. property, real,
personal and mixed, to name and APP
point such officers, directors, agents,
, and managers or employees as the int
crest or convenience of said corporation
may require; to make and establish such
bylaws. rules and regulations for the
proper management and regulation of
its affairs as may be deemed necessary
! and proper, and the same 20 alter at
pleasure, and do all other acts and
things permitted by law, as shall or
may be necessary t. carry out the OBJ
jectS and purposes of said Corporation.
Said corporation unless sooner dissolved
in accordance with It's charter shall ex-
ist and continue for period of ninety
nine years from and after the date
hereof. The president, or in his alb
sence, the vice-pre sident SHAH be the
proper person upon whom citation or
other legal service shall be made.
ARTICLE2.
This Corporation is organized for the
purpose of dealing in and conducting a
wholesale and retail drug business, and
Of dealing IN everything pertaining to
or connected Herewith, such as candies,
tobacco, wallpaper, shades, sashes,
doors, blinds, window glass, paints and
painters findings, jewelry, fancy crock
cry, toilet articles, and other proper
articles Of merchandise; also of running
in connection Herewith a soda fountain
and dispensing such drinks and bever-
ages as are usually sold thereat: and to
do all such things and to enter into all
contracts and obligations necessary and
proper to be done in the conduct OF such
business. This Corporation may estab-
lish and conduct such branch houses as
it may see fit.
ARTICLES
The capital stock of said Corporation
shall be Six Thousand Dollars (S6, COO
0O), divided into and represented by
Sixty shares of the sum Of One Hundred
Dollars (Sl00) each, which said stock
shall be paid Tor in cash at time of sub
scription, or as the same may be issued,
at not less than par.
The stock shall be evidenced by GER
tificates issued and signed by the Presi-
dent, or Vice-President and the Secre-
tary. Any stakeholder may sell his
stock in the corporation provided thirty
days prior notice of such intention to
sell, assign or transfer same be given
ha nd hn
ers shall have the first privilege of pur-
chasing same, after which thirty DAYS
notice the stock may be sold in the
open market
The stock of the corporation may be
transferred under the above condition,
provided such transfer thereof be made
on the books of said corporation, at its
office, and on the surrender of the GER
tifcate therefor.
This corporation shall commence DO
ing business as soon as the capital stock
herein provided shall have been sub
scribed for and paid in.
ARTICLE 4.
The corporate powers of this COM
pany shall be vested in Board of Di-
rectOrs to be composed of five stock
holders, majority of said Board shall
constitute quorum for the transaction
of busitess.
The first Board of Directors and Off
GERS shall be composed as hereafter
mentioned, and their successors shall
be elected as herein provided.
The Board of Directors and officers
herein chosen shall hold office, for the
term of one year commencing the first
Wednesday in November, 1916, and on
the first Wednesday in November, 1917,
and each subsequent year Board of
Directors shall be elected; on the same
day that the Board Of Director; are
elected, they shall convene and elect
from their number President. a Vice
President and a Secretary-Treasurer
who shall be Manager, and whose duties
shall be prescribed by the Board of Di-
rectors. The Board of Directors shall
have power to fill any vacancies from
any cause in their own number, or in
any Of the offices of the corporation.
1t may make as well as alter, change
or repeal bylaws, or rules and regula-
tons for the conduct and management
of the business of the corporation as
they may deem best; to appoint from
time to time and fix the compensation
of officers and employees and the same
to dismiss at pleasure; to make general
and special provisions for the filing of
any Office during the temporary absence
or inability to act of the incumbent, and
generally do ali things necessary for the |
purposes of the corporation which NAV
he ,Narr,;ttoJ -, -.