The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-04
CHARTER OF
OLEOPATH COMPANY. INC.

D TTW T'WT-
lNh Of Orleans, state Of Louisiana. there
IN rc>ldlI". ddly sworn. commits stoned and
qhaliurd. and in the presence OF the wit
h1H>'' hereinafter named aud underSign-
td. personally came and appeared:
The 'ariouy parties who hereafter sub
scribe thtu names hereto who declared
taHi awaiting themselves Of the laws of the
stat" OF Louisiana, relative to the organ
ration Of corporations, they constitute
themselves, their successors and assigns
a corporation under the stipulatiOns here
| lnatter set ont which they adopt as their
charter, to-wit:
Article 1.-The name of this CORPORATION
shall be the "OlcOpath Company, Inc"
aud the period of its duration shall be
ninety nine years from and after the date
hereof and il shall have for the PURPOSES
OF IN" business to Ice carried on by it, all
the powers conferred by law upOn cor
/ porailon>. and shall generally exercise all
the powers necessary TO carry on the said
/ business.
| Article 1.-THE objects and purposes
| for which this corporation is organized
ana the nature of the business to be car
/ flyd on 10y II are here declared to be the
following.
To teach and instruct the science Of ole
opathy; TO acquire proprietary rights and
formulas covering medical preparations
anu 10 manufacture and sell medical pre-
/ partitions for the treatment of diseases
and generally to do all the things necrs-
| S9ry and incidental to the said purposes
above stated or related TO and growing
out of and connected Herewith.
Article III-The domicilc of this cor
poratiOu shall be in the CITY OF New or
leans, state of Louisiana, and all citations
ana other legal process shall be served on
the President and in case of his absence
or inability to act, upon any officer of
this corporation.
Article lN.-rhc amount of the capital
stock of this corporation is hereby liked
az ten thousand dollars t$lO,OOO.OOD which
shall consist of one hundred shares UOOl
OF the par value of one hundred dollars
| lSlOO) each; nifty per cent of the said cap
ltal stock shall be subscribed for before
the ming OF these articles of incorporation
shall be paid for before the corporation
shall engage in its business.
The remainder of the authorized CAPITAL
! stock shall be paid for when subscribed
/ at such times as the Board of Directors
] shall determine. and all stock shall be
paid for in full in cash. labor done for
| the benefit of the corporation or I'm pron-
erty actually received by this corporation
The amount to which the capital stock
! OF TINS corporation may be increased is
| the sum of SlO0.OO0.OO, that is one hum
dred thousand dollars.
No transfer of stock shall be binding ON
TINS corporation unless made on the books
Of the corporation, and no sale or other
| disposition of the said stock shall be valid
/ unless the said stock be first offered in
| writing to the remaining stockholders of
TINS company for ten days at a price not
TO exceed the book value thereof, on the
udtt oi the Sdlu OHer, after which, III the
SAID oter is not accepted by some such
stakeholder, the said stock may be sold
by the owner thereof at will. All stock
acquired In this corporation shall be SUBJ
Ject to all the provisions of this charter
Article N.-All the powers of this cor
poratiOn shall be vested in and the bust
ness of this corporation shall be managed
by Board of Directors 10 be composed
of eight stockholders of this company
who shall be elected annually at the an
nual meeting of the stockholders Of this
40 IN Nwl. II
be on the first Monday in July The first
Board of Directors shall serve until their
I successors are duly elected and qualified.
Five shall constitute a quorum Of the said
Board, and are authorized to transact the
business of this corporation.
The first Board of Directors Of this cor
poration shall be the following:
I; L. Carmody, New Orleans, Louisiana;
j. Peter Schneider, New Orleans, Louisi-
ana; j. Edmund Leclere. New Orleans
louisiana; Henry f. Leclere, New Or
leans, Louisiana; Henry j. Robert, New
Orleans, Louisiana; Henry Mestayer, New
Orleans, Louisiana; L. L. Grinnen, New
orleans, Louisiana; j. j. Dwyer, New Or
leans, Louisiana of whom Henry f. Lee
aver shall be the Vice President. J. Ed
mund Leclere shall be the Secretary, III.
j. Robert shall be the Treasurer.
Each subsequent Board of Directors
shall elect from their number, as soon as
possible after its election, as the officers
OF this corporation, a President, Vice
ItSiufhl, II secretary ana a treasurer.
and may grant to the said officers such
powers as they deem proper.
/ All elections shall be by ballot at the
Office of the corporation, under the super
vision of two commissioners to be ap-
pointed by the Board of Directors. No
tice of such meeting, as well as notice of
all meetings of this corporation, special or
otherwise, shall be given, in writing by
the Secretary, and shall be delivered TO
each stakeholder in person or mailed to
him at the address given by him on the
he of IL al,.
days prior to the date of the said meeting
This notice may be waived by the stock
holders.
At all elections and at all meetings of
the stockholders each and every stock
holder shall be entitled to one vote for
each share OF stock standing in his name
on the books OF the corporation at the
date Of such meeting election. Said
votes may be cast in person or by proxy,
the said proxy to be in writing, and ma
Jority of votes cast shall elect.
The failure of the stockholders at their
annual meeting, to elect directors, shall
not dissolve this corporation nor impair
its management in any way, but the di-
rectors then in office shall remain in Office
until their successors are elected and quail
. ined.
All vacancies on the Board of Directors.
for whatsoever reason, shall be filled by
! the remaining directors. Any member OF
: the Board may appoint any stakeholder
of this corporation as his proxy to act for
him and in his place at any meeting Of
: The said Board of Directors shall have
; the right to make and amend the bylaws
: OF this corporation, and to provide rules
\ and regulations necessary and proper FOR
its management.
Article VI.-This act of incorporation
; may be modified, changed, altered or
q amended, or the said corporation may be
n dissolved, with the assent of two-thirds
!, Of the capital stock outstanding, at a
: meeting of the stockholders convened for
. | that purpose, and after fifteen days writ
p ten notice delivered In person or mailed 70
= | the stockholders at their address given by
q them on the books of the corporation
+ The said notice may be waived by unani-
n nous consent of the stockholders. In case
> Of liquidation the affairs of this corpora
n ton shall be Hquidated by two commits
siOners elected by the stockholders at the
X meeting providing for liquidation of the
; corporation.
v Article Vino stakeholder shall ever
II be held liable for the contracts or faults
L OF this corporation in any further sum
n than the unpaid balance due on his stock
n subscription; nor shall any mere informal
v ity In the organization of this corporation
II have the effect of rendering this charter
n null or Of exposing the stockholders 10
Is by them on their stock
r. Thus done and passed in this city. ut
A my Office on the day and date aforesaid,
Is In the presence OF Messrs. Il. NJ. Robert
and Henry Ayala, competent witnesses.
l., residents of New Orleans, La, who have
:, hereunto signed their names with the said
4 appearers and me, notary, after a due
a reading of the whole:
H T. Ieclere and others.