The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-07-22
ARTICLE 2.

In the c0nQuct OF reJalf 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.
ARTICLE 8.
CAPITAL STOCK. The amount of
capital stock of this corporation is five
thousand ($5000. 00) dollars, divided into
and represented by 80 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 sub
scribing for and taking q shares; the
said George A. Foster subscribing for
and taking IL shares; the said b. III.
Johnson subscribing for and taking 5
shares.
ARTICLE
INCREASE OF CAPITAL STOCK.
The capital stock of this corporation
may be increased to the amount of
SIS, 100000.
ARTICLE 5.
DOMIClLE. 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
Rod 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 c. 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-
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.
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
quorum for the transaction of all
business. The board of directors shall
have power and authority by MAORI
ty vote of its members to fill vacancies
in its membership caused by death,
resignation or otherwise.
The failure to elect directors shall
not operate dissolution of the corpor-
alton. but the directors then in Office
as we'll as the officers of this corpora
ton, shall continue in office until their
successors have been elected and quail
fed, a special election for which pur-
pose shall be ordered by the board of
directors upon the written application
of the holders of rs per cent of the out
standing stock of this corporation, and
such special election shall be called and
conducted in the ,ame manner as in
the case of holding regular elections.
ARTICLE s.
OFFICERS. The officers of this cor
poration shall be a president. a vice
president and secretary treasurer.
The offices of secretary and treasurer
shall be combined in one person. The
officers shall be elected by the directors
from their number annually as soon as
practicable after the election of each
board of directors, and, until the next
election, the officers of this corporation
shall be George A. Foster, president;
William C. Beall, vice president; and
b. n. Johnson, secretary-treasurer.
ARTICLE 9.
SUBSCRIPTIONS TO CAPITAL
STOCK. The subscriptions to the cap
ital stock of this corporation, as here
in q houo cor fnrth hnrro h<o,. .,.sI L.