The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-01-04
CHARTER
OF
the ROEE DRUG COMPANY, inc.
OFIOUISIANA,

| the month OF December, IN Inc year OF
our Lord Nineteen Hundred and Eighteen,
efore n e. Wilbur III. Kramer. Clerk, 23rd
Judicial District Court, St. Mary Parish.
| l.. uisiana. ex- ofiicio a Notary Public.
| duly commissioned and qualified. and in
| tie presence of the witnesses hereinafter
nsmed and unders gned. personally came
and appeared the persons whose names
ere hereunto subs CT ibed. all Of the full age
| Il majority and all residents Of the Parish
ofst Mary. State of Louisiana. who sew
orally declared that. availirg themselves
Of the provisions of the Act OF the Legisla-
/ lure of this state, being known as Ac; 40.
2t1 Of the Session Acts Of 1914 they do. 10y
these presents. covenant ard agree and
bind tht mselves. as well as such other
persons as may become hereafter ascot
atcd with them, in order to form and con-
s,i,ute corporation and body polite in
law, tor the OF jects and purposes, ard I'M
der the s;irulatiOns following. tO-wit
| ARTICLE /
The name and title IF this corporation
shall be: THE HOME DRUG COM
PANY. NC" Of Berwick, La, and
it shall have and eI JOY succession and eX-
istence for period Of ninety, nine years
from date hereof.
II shall have enjoy ard possess all the
powers, rights and privileges and immu.
mites accoi ded to corporations under the
law.
ARTICL LIE II.
| The domci,e of this corporation shall
! be i'm the Town # Rtrw lex, It. ,Iary Far :.
i>b, oliisIana, Where all citations ard
other legal process shall be served upon
the President. ard in Gaze Of his absence
upon the Vice President and In case OF
! the absence Of the Vice PRESIDENT, upon
the Secretary or Treasurer thereof.
AITlCl f /.
! Tho al ipcfS and puIpoSeS for " hiCh thi
| coruoi a ION is organized. and The cherac-
| te, If the business 10 be carried on by It,.
are a. follows: To engage in the sale at
retail of all drugs, cheniicais and meaicln-
! al plepal ati0ns: to compound ana dis-
pen,e physicians prescriptions: to retail
ali pt fumes, toilet articles aid accessories.
stationery. books. office and school sup
plies paints. novelties. notions, and all
uther merchandise which from time TO
time it shall cCn.ider advantageous 10
deal in in come elton with sald business.
or which may be germane thereto. not
| u, ohlLited by law. or in conflict with the
provisions Of this charter, and generally to
DO all things necessary and proper, per-
tanning or incident to drug store.
ARTICLE w.
The capital .tock of this corporation is
| hereby declared to be the sum CT Ten
Thousand (Slo.CO GOl Dollars. divided in
| t. One Hundred tl0h1 Shares OF the par
value OF ore Hundred tSlN.U' Dollars
each; OF which amount sixty five lta
| shares OF the total amount Of a6,3ou 10 has
Teen subscribed and paid for, to-Wit at
the execution Il these presents.
The remain ing thirty five 10 Shares
of the total arnount of IS 800 % shall be-
| lcrg to the Corpo, aiicn. hclnr designated
| as Treasury Stock, to lie issued from tine
to Tin BY The Board of Dnccturs to such
D. rsons and in such amounts as 1t may
| al t.p -, a.
ton: to lie paid for in cash or oih,r val
uatle consideration. when Issued, never
less than its actual value. as shown by the
books of the corporation. at thu date Of Is
suance and at no time less than its par
value Of One Hundred lSl0oOO) Dollars
FER share.
II any stock shall be sold by its owner
to any one el>e, or presented to the officers
If the corporation for transfer. 1t III ell
first be rendered by the holder thereof to
the Board Of directors Of the corporation
v he shall have authority TO purchase same
at its book or market value at that date
to he considered as Treasury Stock. and t6
lie sold lv the Board of Directors in the
sam. n amer as hereinabCye providt foi
1reasur, stock; provided that il saIt
Beard / directors fail within period OF
One week afte, said tender has been made
TO avail itself of its option to purchase
then the 1wler thereof shall be at 1ui
liberty to sell same other than to the
Board Of Directors, or to have same trans
feIred to such persons as he may desig
nate.
No stock shall be transferred except OF
The books of the corporation. and he per
son to wbcm the shares are so transfer et
shall receipt for same.
On the death Of any stakeholder. his lie
gal reIresentaiive shall be entitled to as
sumo control of and transfer said stock tt
bis name.
ARTICLE
]: The corporate powers of this corpo
ration shall be vested in Board OF Direc
tors, 10 lie compos' q CT not more !ha
SEVENTH stockholders and not less thai
thee 81 stockholders, majority Of whom
shall constitute a quorum; said Director
to he elected at a general meeting, to b
held on the first Tuesday in the month 0
july of each year. No person shall b
eligible ss a dir ector unless he owns IN hi
own name one "a share, full paid, OF tn
capital stock.
5: The Board Of Directors shall hav'
the power to make all bylaws. rules AM
regulations necessary for the conduct 0
The business affairs OF said corporation
shall elect from their rumber a President
Vice. President, Secretary and Treasurer
or NAV combine the office of Secretary
Treasurer.
|
ipabo, provided, the following shall con
stiiute the first Board OF Directors, viz:
Names. Post Office Address !:
John A. harr, Berwick. St. Mary Parish
| Louisiana.
Vi. r. Bowman. Berwick, St. Mary Parish
Louisiana.
A, l.. Boudreaux, Berwick, st. Mary Par
ish, Louisiana.
T.. A. Boudreaux, Franklin, St. Mary Par
ish. Louisiana.
Ed. j. Levie. Berwick, st. Mary Parish
Louisiana.
CASTOR j. Sigur, Franklin, St. Mary Par
ish, Louisiana
With John A PhSrr as President, W. r