The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-14
CHARTERS.
ACT OF INCORPORATION OF MAIN
DRUGS, INC.

! United States Of America, State Of Louis
| lana, City OF kew Orleans. Be it known,
/ that on this twen:y-third (2Srd) day OF the
/ month of June ii the year OF our LORD, one
! thousand nine hundred and nineteen; before
! me- Charles J. Rivet, a Notary Public, duly
commits soned and qualified i'll and for the
/ Parish Of Orleans, States of Louisiana, and
| in the presence OF the witnesses hereinafter
| named and undersigned, personally came ana
! appeared the persons whose names are mere
unto subscribed, who declared, that, avail
| ing themselves OF the provisions OF the laws
of the State OF Louisiana relative TO the
| organization of corporations, they have cove
! nanted and agreed and DO by these pres
ents covenant and agree and constitute
| themselves, as well as such other persons
who may hereafter join or become associated
with them, into corporation and BODY pom,
| tic in law for the objects and purposes ana
under the agreements and stIpulatlons toll
| lowing, to-wlt:
! ARTICLE 1.-The name and title OF this
| corporation shall be Main Drugs, Inc, and
under this name it shall have and enjoy all
the rights, advantages and privileges grant
ed by law to corporations. 1t shall exist
! for period of ninety years, unless
sooner dissolved in accordance with law or
with the provisions OF this act of incorpora
| ton; il shall have power to sue and De
sued in its corporate name; to make and
use a corporate seal, and the same TO break
or alter at pleasure; to contract and oDll-
vey, mortgage, pledge, hypothecate, ALLEVIATE
| and otherwise acquire and dispose OF property
movable and Immpvable, corporeal and IN
| corporal: 70 issue bonds, notes or other
obligations; TO have and employ managers,
directors, officers, agents and other EN-
| ployees, as the interest and convenience OF
| the corporation may require; TO make, nave
and establish such bylaws, rules and regu.
lations for the management and control OF
its affairs as its directors may deem expedi-
ent or necessary; and, to do do all Things
whatsoever that are permitted by law to be
done by corporations.
ARTICLE 1.-THE objects and purposes
for which this corporation is organized and
| the nature of the business, to be carried
on by it are hereby declared to be: to own,
conduct, manage, and operate drug stores,
soft drink establishments, perfumery stores,
| confectiOneres and tobacco stores; 10 COM
pound manufacture and make drugs, medl-
cines, remedies, powders, pertumerles' non
essential oils, syrups soft drinks, lce-cream,
candies and other articles of merchandise
to buy and sell and deal in all sorts OF
drugs, medicines, remedies, powders, per
fumeres, non-essential oils. syrups, soft
drinks soda waters, ice-Cream, dairy pro
ducts cakes biscuits druggists sundres, no.
tons, toys, articles for personal, domestic
and household use, and merchandise OF all
kinds and whatsoever else may be convent
emily sold in any store operated by the
corporation; to purchase and otherwise &C
quire the goodwill, stock, stock in trade and
property of other businesses whose objects
and purposes are similar or incidental to
those of this corporation; and, generally, TO
do any and all things incidental or germane
to the above mentioned objects and pur-
poses.
ARTICLE III.-The capital stock of this
: corporation is hereby fixed at the sum OF
Six Thousand Dollars ($6OOOO0) which may
be increased to fifty thousand dollars ESQ.,
10000.
ARTICLE IV-The capital stock of this
corporation shall be divided into sixty (6o)
shares of the par value of one hundred dol
lars ($1OOO0) each, all OF which shall be com
mon stock.
The said stock shall be full paid and non
, assessable, and shall be represented by GER
tificates of such form the Board OF Dl
, recetors may determine, signed by the Presl
! dent Vice-President and the Secretary
Treasurer. Stock may be paid for in labor
! done money property actually received
by the corporation. No sale or other trans
! fer OF shares OF stock in this corporation
shall be valid until and unless the oppor
tuuity has been first afforded the stockhold
! ers, Of record at the date of such transfer
sale or other alienation, to purchase salc
stock at book value established on the basi:
) of the last annual report statement of ths
corporation. The right to acquire said stocl
hereby vested in the other stockholders o.
| record may be exercised against any holder:
: of said stock within sixty days from the
! time any sale or transfer has been Offered
! to be entered upon the books of the cor
poration.
1t shall be the duty of any holder of stocl
, who intends or desires to sell, ALLEVIATE
transfer, or otherwise dispose of same tt
. give written notice of such intention or de
: sire to the Board of Directorst of this cor
, poration, and said Board of Directors shall
Immediately give information thereof, il
! writing, to the other stockholders of record
{ and said stockholders shall have ten days
from the receipt of the notice by the BoarC
of Directors to purchase said stock Th'
{ right 10 purchase said stock shall run il
favor of each stakeholder of record for hi
virile share in proportion to his existing hold
ings. But should any stockholder fail t
n exercise his right to purchase the said RICH
shall pass to the other stockholders. Thu
/ said right of the stockholders to purchas
stock offered as aforesaid shall exist in thei
favor in cast Of the decease of a stock
: holder under the same stipuations and con
dtions hereinabove specified, except tina
, the only notice necessary for the Board o
: Directors to proceed to offer the stock of tn
I deceased stockholder to the other stock
holders of record shall be information of TIL
= death of the stockhoder. And immediatel,
: upon receipt of information of the death o
stakeholder said Board of Directors shall
= take the necessary steps to offer his stocl
to the other stockholders.
' The stock of this corporations shall be non
/ negotiable and non-transferable except unde
i the conditions and nerelnaOOV
+ set forth, and no transfer whatsoever shall
v be biding upon the corporation unless an
r until made upon its books.
ARTICLE V.-The domicile of this cor
n poration shall be in the City of New Or
$ leans, in this State Citation and othe
/ legal process shall be served on the Presi
= dent, and in his absence the Vice-Presi
:, dent.
. ARTICLE VI.-All the corporate power
u | of this corporation, and the management an
: control of it's affairs and business, here
: by vested in and are to be exercised by it
a Board of Directors, which shall be compose
5, of three stockholders, any two of whom shal
=. constitute a quorum for the transaction Q
: the corporate business.
d The first Board of Directors shall consis
e of the three incorporators of this company
VI namely: Frederick Robert Duplantie
e whose post office address is New Orlean.
Il La. Ben Botham, whose post office address
n is New Orleans, La; and ]. H. Charles Riy
If ct, whose post office address is New Orleans
g La, with Frederick hobert Duplantier a
Il President, Ben Botham as Vice-President an
l. J. H. Charles Rivet as Secretary Treasure
Annual meetings of the stockholders to
a the purpose of electing directors shall b
= held each year the first Monday in Jul
d that is not a holiday. The first Board
" Directors shall until the annual NEE
N ing to be held in July, 1920, until thei
II successors are duly elected and qualified
e Immediately after their election the dire
It tors shall choose from among theiI humble
Vie and SCI