The herald., 1919-07-24
CHARTER

SIlkAIb LIN
the nature Of the business, TO be carried
| on by it are hereby declared 20 be: 10 own,
conduct, manage, and operate drug stores,
! SOFT drink estab IshmentS, pcriumery stores,
conieCuonerleS and tobacco stores TO cont
| pound, manufacture and make drugs, nlsiI-
| clnes, remedies, powders. pcriumerIes, nom
| essential OILS, Syrups soft drinks, rcc-cream,
| candies and other articles OF merchandise;
| To buy and sell and deal IN all sorts OF
! drugs, medicines. remedies, powders. per
| tuneries, uJn-c>seutIJ. oils, >yrupS, SOFT
| drinks, soda waters. Ice-cream, dairy pro
! ducts, cakes, biscuits druggists Sundrlcs, no.
| tons, toys, articles fu' personal, domestic
| and household use, and merchandise OF all
| kinds and whatsoever else may hr convent
emily sold IN any store operated by the
| corporation; 70 purchase and otherwise ac-
| Qulre the goodwill, stock, stock IN trade and
| property of other businesses whose objects
and purposes similar or incidental to
| those OF THIS corporation; and, generally, 10
! do any and all things incidental germaue
to the above mentioned objects and pur-
poses.
| ARTICLE HI-The capital stock of tins
| corporation is hereby iiNed at the sum OF
Six Thousand Dollars lSonoOO which may
be increased to fifty thousand dollars $50,
000O0.
ARTICLE IV.-The capital stock OF this
| corporation shall be divided into sixty toOi
shares OF the par value Of one hundred dol
| ''''' 'f'"HN' N'N'' az Va N''-'' 'A4A IL N's'A'
mon stock.
The said stock shall be full paid and non
| aSsesSabc, and shall be represented by GER
tflcates Of such form As the Board of Di-
recetors may determine, signed by the PreSi-
dent Nice-President and the Secretary
Treasurer. Stock may be paid for in labor
done or money or property actually received
by the corporation No sale or other trans
Ter OF shares of stock in this corporation
shall be valid until and unless the Oppor-
|, | tuDltV has bppn afforded the stock hold
. ers, Of record al the date of such transfer,
| sale or other alienation, to purchase said
stock at book value established on the basis
, | OF the last annual report statement Of the
corporation. The right to acquire said stock
hereby vested in the other stockholders of
record may be exercised against any holders
! of said stock within sixty days from the
time any sale transfer has been offered
to be entered upon the books Of the cor.
pOration.
E 1t shall be the duty Of any holder of stock
4 who intends or desires Ia sell, ALLEVIATE,
n transfer, otherwise dispose of to
: give written notice Of such intention or de.
y sire 10 the Board Of Directors of this
{ poration. and said Board OF Directors shall
j Immediately give information thereof, in
y writing, to the other stockholders of record,
II and said stockholders shall have ten days
from the receipt of the notice by the Board
i of Directors to purchase said stock. The
4 right to purchase said stock shall run IN
i favor OF each stakeholder OF record for his
:, ings. But should any stakeholder fail to
| exercise his right to purchase the said right
!, | shall pass to the other stockholders. The
2 said right of the stockholders to purchase
), | stock offered aforesaid shall exist in their
:, favor in cast of the deceaSe of 4 stock
y holder under the same stipulations and con-
y ditions hereinahove specified, except that
the only notice necessary for the Board Of
70 Directors to proceed TO offer the stock of the
pr deceased stakeholder to the other stock
a. holders Of record shall be information Of the
~ death of the stakeholder. And Immediately
> upon receipt of information of the death OF
~ stakeholder said Board OF Directors shall
=. take the necessary steps to offer his stock
Nv to the other stockholders.
The stock of this corporation shall be non
IA negotiable and non transferable except under
in the conditions and stipulations hereinabov,
H. set forth, and no transfer whatsoever shall
I'd be hiding upon the corporation unless and
K until made upon its books.
x ARTICLE V-The domicile of this cor
+ poration shall be in the City of New Or
tn leans, in this State. Citation and othe
T. legal process shall be served on the Presi
* dent, and in his absence on the Vce-Presi
dent.
be ARTICLE Wall the corporate power
DO of this corporation, and the management ant
or control of its affairs and business, are here
he by vested in and to be exercised by il
Board of Directors, which shall be compose
ME | of three stockholders, any two of whom shall
his the corporate business
IN The first Board of Directors shall consis
las of the three incorporators of this company
ity namely: Frederick Robert Dupantie
my whose post office address is New Orleans
der La; Ben Botham, whose post office addres
is New Orleans, La; and J. II. Charles Xiv
., ct, whose post office address is New Orlean
ELL La, with Frederick kobert Duplanter
ra- President, Ben Botham as Vice President an
ign J. ii. Charles Rivet as Secretary Treasure
Of he ctncLholderS Z
~. the purpose of electng directors shall
Ine held each year the first Monday in Jul
the that is not holiday The first Board
~ Directors shall serve until the annual NEE
,en ing to be held in july 1920 or until the
successors are duly elected and qualities
Immediately after their election the dire
aid tors shall choose from among theii numb
roe, President, Vice President and a Sc
in Rotary Treasurer.
inn. ARTICLE VII.-No stakeholder shall ev
yer be held liable responsible for the CO.
IN. tracts, faults or obligations of this corpor
.as, ton, nor shall any mere informality in i
,itb organization have the effect OF renderiI
,or. this charter null of exposing stockhold
IN to any liability beyond the amount due
drd stock subscribed for and unpaid.
=, ARTICLE VIII-This act of incorporate
'sid may be amended, and the corporation may
Or dissolved and its affairs liquidated in q
manner directed by Act No. 267 of q
ub- General Assembly of the State of Louisai
me, for the year 1914.
. Say ARTICLE IX-The incorporators have WI
ne ten opposite their names their post Oil
we'll duuIesses anu go II - 90 -
Of shares Oh s.oek "'iiei e"0i As'eS " ~
of the corporation.
Thus done and passed. at my office in Il
A.. City, the day, month and year first abo
az written, in the presence of Roger Arnau
,bs and Alphonse COutin, Jr., competent witness
~ residing in this City, who have hereunto sig
-, ed their names with appearers and me,
,s tary, after due reading of the whole.
Is Witnesses: Roger Arnaud and Alphon
Coutin, Jr =,
Original Signed Names of subscribe
xV CHARLES J. RIVET,
nee Notary Public.
l, the undersigned, Recorder Of Mortgag
c. in and for the Parish oil Orleans, State
.x.- louisiana do hereby certify that the abo
W; | and foregoing Act of Incorporation OF {
" Main Drugs, Inc, this day duly reeoi
80 ed in my office in Book 1913, Folio COS
:; New Orleans. June 30th, 1919.
~ (Sgned) EMILE J. LEONARD, by
u I, the undersigned Notary, do hereby c
m tify that the above and foregoing IS II
and correct copy of the original act OF rec6
office