The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-13
CHARTER OF CRESCENT DRUG Ann
MANUFACTURING COMPANY, INC

Nov. 13-Dec. IS.
CHARTER OF CRESCENT DRUG AND
| MANUFACTURING COMPANY, INC
United States of America, State of Lou
| isana, Parish of Orleans, CITY of New
| Orleans. Be ii known that on this
| twelfth day of the month of November in
the year of Our Lord one thousand, nine
| hundred and nineteen and of the indie
| pendence of the United States of America
the one hundred and forty fourth before
me, William Ardill, a notary public duly
commissioned and qualified, in and for
| the City of New Orleans Parish of Or
leans, therein residing and in the pres
ence or the witnesses hereinafter named
and undersigned, personally came and ap-
peared the several parties whose names
are hereto subscribed. all of the full age
OF majority and residents of this city
who severally declared that availing them
selves of the laws of the State of Louis
lana, and especially of Act 267 of 1914 in
such cases made and provided they have
formed and organized, and by these pres
ents do form and organize themselves
into corporation for the objects and pur-
poses and under the stipulations and
agreements hereinafter set forth and ex-
pressed, which they hereby accept and
adopt as their charter, to-wit:
ARTICLE THE name and title of the
Corporation hereby formed is declared TO
be Crescent Drug and Manufacturing
Company, Incorporated.
ARTICLE II-Its domicile shall no in
the City of New Orleans, State of Louis
lana, where all stockholders and direct
ors meetings must be held; provided
that with the written consent of all the
directors, valid meetings of directors may
be held outside of the State or within
the State elsewhere than at its domicile :
and shall have and enjoy succession for o
period of ninety nine 1907 years from date
hereof.
ARTICLE ,III-All citation or legal
| process shall be served on the President
and in case of his absence or inability to
act, upon the Vice-President or the Sec
| rotary Treasurer.
| ARTICLE IV-The objects and mr.
! poses for which this corporation is organ
lied and the nature of the business to be
carried on by it, are declared to be:
To carry on the business of manufac-
turing itself, or through Qthers, drugs
liniments, compounds, blends, proprietary
medicines, chemicals and all drugs, medi-
cines and liniments of whatsoever kind
ana nature; to acquire by purchase or
otherwise formulate for drugs, liniments,
compounds, blends, proprietary medicines
chemicals and all drugs. medicines and
liniments of whatsoever kind and nature
In combination or otherwise; to acquire
by purchase or otherwise trademarks; to
acquire by purchase or otherwise any
subsequent improvements or extensions
of said formulate and trademarks as well
as any other patents, formulate, trade
marks or extensions improvements
thereof it may see fit to acquire: to carry
on the business of manufacturing itself
or through Others of patent and propri-
etary medicines; to grant licenses for the
use of said formulate, patents and trade
marks; to acquire by purchase or other
wise real, personal or mixed property,
and to sell, lease, mortgage or otherwise
dispose of same; to execute and enter into
all contracts and generally to do and per-
form any and all things necessary and
and business for which this company is
organized.
ARTICLE V-The capital stock of this
corporation Is hereby fixed at the sum OF
ten thousand dollars ($10000), divided into
one hundred shares Q00) of the par value
of one hundred dollars (s1OO) each, of
which five thousand ($5,000), or one-half
of the capital stock, has been subscribed
for; which stock may be issued full paid
and non assessable for cash. or for prop
erty transferred for value or for services
actually rendered to said corporation.
Said capital stock may be increased to
twenty thousand dollars ($20OOO).
ARTICLE VI-An the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors con-
sisting of three stockholders, the majority
of whom shall constitute a quorum for
Board of Directors shall be composed of
the following stockholders: DIR. Henry G..
HOrnung, residing at 1854 Laurel street
New Orleans, La, and Morris Dlugach
residing at 500 Carondelet Street, New
Orleans, La and Joseph J. Thompson, Jr.,
residing ut 526 So. DOrgen0is Street, New
Orleans, La, who shall hold their Office
until the LIST day of December, 1920, or
until their successors have been duly ap-
pointed and qualified.
shall be: DIR. Henry c. Hornung, Presi-
dent, Morris Dlugach, Vice-President and
Joseph J. Thompson, Jr., Secretary
Treasurer, who shall hold their Office until
the list day of December, 1920, or until
their successors have been duly appointed
and qualified.
In case of the resignation or death of
any of the directors, during their term
of Office, the said remaining directors
shall appoint and fill all vacancies from
among the stockholders.
On the LIST day of December, 1920, I'M
less said day be a Dies non, then in such
case on the first succeeding judicial day
and annually thereafter, an election for
directors shall be held at the offices of the
Company, under the supervision of three
commissioners Notice for annual meet
ings and for stockholders meetings shall
be given by the Secretary Treasurer to
each stakeholder, either in person or by
depositing a written notice in the post
Ollte, properly auuTcSSeu 10 ulHl, Ut ltdSI
Is days before said meeting.
All stockholders shall vote at all stock
holders meetings by a ballot, and a ma
jority of the stock present shall govern
on all questions, save as otherwise pro-
vided by law. Each share OF stock shall
be entitled to one vote, either in person
or by written proxy.
ARTICLE VII-This Act of Incorpora-
ton may be changed, modified, or amend
ed. or this Corporation may be dissolved,
with the assent of two-thirds of the cap
ital stock issued at a meeting of the
stockholders convened for that purpose.
after thirty 500 days prior written notice
of such meeting shall have been mailed to
the last address of each stakeholder by
the Secretary Treasurer of the Company,
and should at any meeting it be decided
to dissolve the Corporation, either by
limitation of its charter or for any other
cause, its affairs shall be iquidated by
three (3) commissioners to be selected
from among the stockholders. Said com
missioners shall remain in Office until the
affairs of the Corporation shall have been
liquidated. In case of the death Of any
of said commissioners, the survivor or
survivors shall continue to act.
ARTICLE VIII-No stakeholder Of this
Corporation shall ever be held liable for
the contracts or faults thereof, in any fur
ther sum than the unpaid balance due to
the corporation on the shares of stock
| owned by him. nor shall any mere infor-