The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-12-20
CHAR TER
OF THE
Colfax Drug Company, Incorporated
STATE OF LOUISIANA !
PARISH OF GRANT. (

\ unto subscribed, VINO declared 10 me
that awaiting themselves of the privi-
leges of Act 267 of the General Assem-
bly, of the State of Louisiana for the
year of 1914, relative to the formation
of corporations, they have formed and
constitute themselves, as well as such
others as may hereafter become asso
ciated with them, into a corporation
and have adopted the following a their
charter, to-wlt:
ARTICLE ONE.
The name and style of the corpora
tien shall be THE COLFAX DRUG
| COMPANY, INCORPORATED.
ARTICLE TWO.
The domicile of the corporation shall
be Colfax, Grant Parish. Louisiana.
The service of all process shall be
made on the president of the company,
OF in his absence on such person a.
shall be designated by law.
ARTICLE THREE.
The object and the purposes of this
corporation and affairs to be conducted
are declared to be, to operate and con-
duct and a general retail drug business,
buying and selling all articles of drugs,
perfumes, toilet articles, and all kinds
of medicines, and to do and perform
all acts necessary to conduct a general
retail drug store and do general re-
tail drug business.
ARTICLE FOUR.
The capital stock of this corporation
shall be FIVE THOUSAND DOL
LARS. divided into fifty shares of One
Hundred Dollars, eacn, par value. all
If the stock of the company to be com.
mon stock. There shall be no prefer
red stock.
More than fifty per cent of the cap
ital stock has been subscribed for an,
paid up in full into the corporation.
ARTICLE FIVE.
The officers of the corporation shall
be president, a vice-president anC
secretary and treasurer, the last tive
named may be the same party.
The first president shall be L. A.
Wilkinson, a resident of Colfax. Louis
lana, the vice-president shall be j. A.
Williams, resident of Colfax, Louisi-
ana, the first secretary and treasurer
shall be w. c. Carnahan, resident OF
Colfax. Louisiana.
posed of three stockholders elected
from the stockholders.
For the present year they shall BE-
L. A. Wilkinson, J. A. Williams ant
w. G. Carnahan, three of whom shall
constitute a quorum, and they shall,
nold their office for the period of on.
year or until their successors shall b.
elected.
The affairs of the corporation shall
be under the control and direction OF
the board of directors of the company.
ARTICLE SIX.
There shall be an annual election o.
officers of the company, provided thai
failure to hold said election shall moi
dissolve or in any manner affect thu
corporation. but the officers shall re-
main in office and exercise control OF
affairs until an election is duly held.
The first annual meeting of the boart
of directors shall be held on the frs;
Monday in December, and yearly there
after, at which time the officers shall
be elected for the ensuring year.
ARTICLE SEVEN.
The capital stock of this corporation
may be increased or decreased in any
amount, not to exceed twenty five hun
bred dollars, the increase or decreas.
20 be made in accordance with existing
laws.
ARTICLE EIGHT.
This corporation shall be in existence
for the full period of fifty years unles.
.ooner dissolved by the consent of tn,
stockholders or by operation of thu
law.
ARTICLE NINE
No stakeholder of this corporation
shall ever be held liable for any default,
faults, debts or obligations of the cor.
poration for any amount beyond tn,
unpaid balance due on stock subscribed
for by him.
ARTICLE TEN.
This corporation may be dissolved Al
any time by threefourth vote of tn.
capital stock of the corporation. Up
on dissolution of the corporation til.
Iiquidators shall be appointed by thu
directors to adjust the affairs of the
corporation.
ARTICLE ELEVEN.
No informalities in the organization
of the corporation or the adoption OF
the charter shall render the corpora.
ton nullity or make liable any Of the
stockholders for any debts or obliga-
tons of the said corporation.
ARTICLE TWELVE
The subscribers to the capital stock
of the corporation have attached their
subscription hereto with the amount of
stock subscribed which is to be FLEE
with this charter.
To which charter the subscribers
hereto attach their signatures in my
presence and in the presence of the
subscribing witnesses on this the 18th
day of November. 1919.
L. A. WILKINSON,
w. C CARNAHAN,
ia. WILLIAMS,
r. L. CARNAHAN.
Witnesses:
H. T. CREW,
C.. ID. IACROIX,