The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-01-25
CHARTER
OF
THU HOVE DRUG COMPANY. INC.
STATE OF LOUISIANA,
pAnICII M or AfAD\-

|
Judicial District Court, st. Mary Parish
Louisiana. eX ofcio Notary Public,
duly commissioned and qualified. and in
! the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the persons whose names
are hereunto subscribed. all of the full age
| OF nr:iolity and all residents of the Parish
| Of st. Mary, State of Louisiana, who sew
orally declared that, availing themselves
Of the provisions of the ct OF the Legisla-
| lure of this State, being known as Act No.
| 2G1 Of the Session Acts of 1914 they do. by
| those presents. covenant and agree and
! bind themselves, as well as such other
persons as may become hereafter assOci-
| ated with them, in order to form and con-
,litutp n corporation and body polite in
| law, for the objects and purposes, aud un-
der the stirulations following to-wit:
ARTICLE |
The name aud title of This corporation
shall be: THE HOME DRUG COM
PANY. INC >" of Berwick, La, and
it shall have and erjov succession and ex-
istence for period OF nincty-nine years
from date hereof
1t shall have. enjoy and possess all the
powers, rights and privileges and immu'
mites accorded to corporations under the
law.
ARTICLE
The domiciie of this corporation shall
he in The Town of Berw lex. st. hary Par
i>b. Louisiana, where all citations and
other legal process shall be served upon
the President. and in case of his absence
upon the Vice Preside Mt, and in case of
the absence of the Vice President, upon
The Secretary or Treasurer thereof.
Article 1.
The objects and purposes for which this
corpO, alton is organized. and The charac-
tel of the business 10 be carried on by it,
are as follows: TO engage in the sale at
retail Of all drugs, chemicals and medicin-
al preparations; to compound and dis
rense ply >ician's prescriptions: to retail
a II perfumes, toilet articles and accessories,
stationery. books, office and school sup
plies. paints. novelties. notions, and all
other merchandise which from time 10
tire it shall consider advantageous to
deal in. in connection with said business,
or which may be germane thereto. not
prohibited 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 ".
The capital stock of this corporation is
hereby declared to be the sum of Ten
Thousand $4,000 00l Dollars, divided in
to One Hundred tI00) Shares of the par
value of One Hundred tSl00.00i Dollars
each; of which amount Sixty-tve Cb5
Shares of the total amount of S6,500.C0 has
been subscribed and paid for, wit, at
the execution of these presents.
The remaining Thirty tive - Shares
Of the total amount of $3.5U0.U0 shall be-
long to the Corporation, being designated
us Treasury Stock, to he issued from time
TO tire by the Board of Directors to such
persons and in such amounts as 1T may
deem most advantageous to the corpora
ton: to be paid for in cash or other val
~ - i a
less than its actual value, as shown by the
books of The corporation, at the date Of is
suance and at no time less than its par
value of One Hundred (Sl00 COZ Dollars
per share.
If any stock shall be sold by it's owner.
to any one else, or presented to the officers
Of The corporation for transfer, it shall
first be rendered by the holder thereof to
the Board of Directors of the corporation,
" he shall have authority 10 purchase same
at its book or market value at that date,
to be considered as Treasury Stock. and to
be sold by the Board Of Directors in the
some manner as hereinabuve provided for
Treasury Stock; provided that If said
Board of Directors fail within period OF
one week after said tender has been made, |
to avail itself of its option TO purchase,
then the owner thereof shall be at full |
liberty to sell same other than to the |
Board of Directors, or to have same trans |
ferred to such persons as he may desig- |
nate. |
No stock shall be transferred except on |
The books Of the corporation, and the per- |
son 10 WI ON the shares are so transferred !
shall receipt for same.
On the death Of any stock holder, his le- |
gal representative shall be entitled to as
sumo control of and transfer said stock to |
his name.
ARMCLEv.
!: The corporate powers of this corpO-
ration shall be vested in Board of Direc>
Lors, to be composed CT not more than
seventh stockholders and not less than
three t3) stockholders, majority of whom
hall constitute quorum; said Directors
% be elected ut a general meeting, to be
leld on the first Tuesday in The month of
July of each year. No person shall be
eligible as director unless be owns in his
,Wn name one ID share, full paid, of the
;apital stock.
!: The BOARD of Directors shall have
he power to make all by laws, rules and
equations necessary for the conduct of
he business affairs OF said corporations;
ball elect from their number a President.
,ice-President, Secretary and Treasurer,
II may combine the office Of Secretary.
treasurer.
3: Until the election to be held as here.
naboye provided, the following shall con-
tllute tue nESC DOdTU Oh DIRECTORS, VIZ:
Names: Post Office Address:
ohm A. Fharr, Berwick, St. Mary Parish
Louisiana.
V. +. Bowman, Berwick, st. Mary Parish,
Louisiana. |.
!. l.. Boudreaux, Berwick. st. Mary Par
ish, Louisiana.
:. A. Boudreaux, Franklin, St. Mary Par
ish, Louisiana.
ID. j. Levie, Berwick, st. Mary Parish,
Louisiana. Is
iaston j. sigur, Franklin, St. Mary Par.
ish, Louisiana.
18th John A. Pharr as President, w. F.
'owmau as Vice.Presideut, and A. l.. :
;oudreaux as Secretary Treasurer. II
Thus done and passed at my office in the {
own of berwick, ST. Mary Parish, Louis. i
,na, on the day and date first above