The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-01-11
CHARTER
OF
TNE HOVE DRUG COMPANY. inc.

Re it known that on this. the End day OF
The month OF December. in the year OF
our Lord Nineteen Hundred and Eighteen.
efore me. Wilbur H. Kramer. Clerk. 23rd
judicial District Court, st. Mary Parish,
louisiana, ex-officio a Notary Public.
duly commissioned and qualified. and in
the presence of the with esseS hereinafter
named and undersigned, personally came
and appeared the persons whose names
are hereunto subscribed. all OF the full age
of majority and all residents of the Parish
of st. Mary, State of Louisiana. who sew
orally declared that, availing themselves
II the provisions OF the Act OF the Legisla-
lure OF this State, being known as Act NO.
267 of the Session Acts of 1914, they do. by
these presents. covenant and agree ana
bind themselves, as well as sucn other
persons as may become hereafter associ-
ated with them. in order to form and con-
.,itute a corporation and body polite in
law, for the objects and purposes, and I'M
der the stirulations following, to-wit:
ARTICLE I.
The name and title of this corporation
shall be: "THE HOME DRUG CON.
PANY, INC" of Berwick, La, and
it Shall have and enjoy succession and ex>
istence for period OF ninetv'nlne years
from date hereof.
II shall have. enjoy and possess all the
powers, rights and privileges and lmmu'
mites accorded to corporations under the
law.
ARTICLE II.
The domici;e Of this corporation shall
he in the Town of Berwick, ST. hsry Par
| ish Louisiana, where all citations anu
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.
ARTICI E II.
The objects and purposes for which this
CORPORATION is organized. and the cbarac-
| tel of the business to be carried on by IL,
are az follows: 70 engage in the sale at
retail of all drugs, chemicals and medicln'
| al preparations; to compound and dis.
| pepse ply >ician's prescriptions: to retail
| All perfumes, toilet articles and accessories.
stationery. books. Office and school sup
| plies. paints. novelties. notions, ana All
other merchandise which from time TO
| time it shall consider advantageous 10
| 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 Nv.
The capital stock Of this corporation Is
hereby declared to be the sum OF Ten
| Thousand $4,000 O0l Dollars, divided in
\ 10 one Hundred (1OO) Shares of the par
! value Of One Hundred (SlOU.OO' Dollars
each; of which amount sixty-hye TO
| shares of the total amount of 56,5UO.O0 has
been subscribed and paid for, to-Wit. at
the execution Of these presents.
The remaining Thirty five t3o Shares
| OF the total amount of S3.5O000 shall be-
long to the Corporation, being designated
| as treasury Stock. to he issued from time
to time 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 oiber val
uatle consideration, when issued, never
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 t$100.OOl Dollars
per share.
If anv stock shall be sold by its owner.
to any one else, or presented to the office
If the corporation for transfer, 1t shall
first he rendered by the holder thereof to
the Board of Directors of the corporation,
" BIO shall have authority to purchase same
at its book or market value at that date,
10 be considered rs Treasury Stock. and to
lie sod by the Board of Directors in the
samr manner as hereinabove provided for
Treasury Stork; provided that il said
Board If Dir ectors fail within period of
one week after said tender has been made,
10 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 oration, and the per-
son TO whom the shares are SO transferred
shall receipt for same.
On the death Of any stakeholder, his le-
gal representative shall be entitled to as
sumo control of and transfer said stock to
his name.
ARTICLE ".
/: The corporate powers of this corpo-
ration shall be vested in Board OF Direc>
.Lseyen(7) stockholders and not less than
three 81 stockholders, a majority of whom
/ shall constitute a quorum; said Directors
to be elected at a general meeting, to be
held on the first Tuesday in the month OF
July of each year. No person shall be
eligible as q director unless he owns in his
own name one ID share, full paid, of the
capital stock.
!: The Board of Directors shall have
the power to make all BYLAWS, rules and
I regulations necessary for the conduct OF
the business affairs of said corporation
j shall elect from their number President,
Vice President, Secretary and Treasurer,
or may combine the office CT Secretary
I Treasurer.
3: Until the election to be held as here.
inaboye provided, the following shall con
sti,ute the first Board Of Directors, viz:
IL Names: Post Office Address:
John A. fharr, Berwick. ST. Mary Parish
J. Louisiana.
l.W. f. Bowman, Berwick, st. Mary Parish,
/ Louisiana.
IA. L. Boudreaux, Berwick, st. Mary Par
f. ish, Louisiana.
IL. A. Boudreaux, Franklin, St. Mary Par.
ish, Louisiana.
Ed. j. Levie, Berwick, st. Mary Parish
4 Louisiana.
Y CASTOR j. Sigur, Franklin, St. Mary Par
l--ieh, Louisiana.