The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-05

into Two Hundred and fifty (25O) shares of
the par value of One Hundred, $4,000 Dol
lars each. All stock subscribed for shall be
paid for in cash or property received or labor
conditions as the Board of Directors may
determine. No transfer of stock shall be
binding unless made upon the books OF the
Company, and no sale or other disposal OF
said stock shall be valid unless the stock
be first offered in writing to the remaining
stockholders of said Company for period OF
thirty days, at price not in excess OF the
book value of said stock, on the date Of
such offer, and all stock held acquired in
this corporation shall be subject TO this pro-
vision of the charter. The capital stock oh
this corporation may be increased to the
sum of Fifty Thousand (s5o,OOo) Dollars in.
conformity with law.
ARTICLE Vail the corporate powers of
this corporation shall be vested in and its
business and affairs managed by a Board
of three Directors who shall be elected
nually at meeting of the stockholders on
the first Monday of January in each year
The first Board of Directors shall consist
of George F. Kaufman, Lionel b. Dayries
and ]. Arthur Dayres, with George p. Kauf
mann as President, Lionel b. Dayries as
vice-President, and ]. Arthur Dayres as
Secretary Treasurer, who shall hold office
until the first Monday in January, 1921, or
until their successors shall have been elect
ed and qualified Failure to elect directors
at the annual meeting shall not dissolve the
corporation, but the directors in office shall
remain until their successors are elected and
qualified. Each subsequent Board of Direc-
tors shall elect as soon as possible after
| and Secretary Treasurer; all vacancies in
! the Board of Directors shall be filled by
the remaining directors. The Board of Di-
Ieetors shall have power TO make any and
! all bylaws and regulations necessary for
| the management of the corporation. Two
members of the Board shall constitute a quo
rum for the transaction of business.
ARTICLE VI.-This charter may be
amended by the vote Of two-thirds of ali OF
IT'S stock, or may be dissolved and liqudated
IN accordance with law. No stakeholder
shall ever be held liable for the faults or
contracts OF this corporation in any further
sum than the unpaid balance due to the cor
poraton on the shares owned by him; nor
shall any mere informality have the effect
OF rendering this charter null or exposing any
stakeholder TO any liability other than as
above provided.
The subscribers hereto have respectively
written opposite their names the amount Of
stock subscribed for by them in this corpora
ton SO that this act of Incorporation may
also serve as the original subscription list.
thus done and passed at my office in the
City OF New Orleans, State of Louisiana, on
the day. month and year first hereinaboye
written in the presence of Bessye MuJvey
and John t. Hawkins, competent witnesses
OF lawful age and residents of this CITY.
VINO hereunto sign their names with said
= ing Of the whole
/ Witnesses: B. Mulvey, J. T. Hawkins.
.Orlginal Signed Geo. p. Kaufman. 1921
, Gpperline ST., New Orleans, La, Sixty.three
shares; J. Arthur Dayries, 1901 Pine ST..
New Orleans, La, Sixty-two shares; L. b.
Dayries, l2m Pine ST., New Orleans. L.
! one share by J. A. Dayries
G. G. GILL,
Notary Public
l, the undersigned, Recorder of Mortgages
5 IN and for the Parish Of Orleans, State OF
E louisiana, do hereby certify that the above
, and foregoing act OF Incorporation of the
: Newconb Pharmacy. Inc, was this day duIy
S $50. A--'' rum
d New Orleans. May %, 1919.
i .(Signed) EMILE J. LEONARD. DIV. r
o A true copy Of the original act Of incorpo
n ration OF the Newcomb Pharmacy. Inc. IA
:. gsthsr with the certificate of the Recorder o
d Mortgages for the Parish of Orleans. theret
l. appended. the whole on file and Of reeor
in my office. -eNO'
u c. G. GILL,
Z, M. a. Notary Public