The herald., 1919-12-18
CHARTERS.

and to sell, lease, mortgage or otherwise
uispose OF same; to execute and enter into
all contracts and generally to do and per-
form any and all things necessary and
incidental to the objects and purposes
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 100000. divided into
one hundred shares 900 of the par value
OF one hundred dollars (S1OO) each, Of
Whlch hve thousand ($5,000), or one half
OF the capital stock, has been subscribed
Tor which stock may be issued full paid
ana worcestershire 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 ($2OOOO).
ARTICLE VI-AII the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors con-
slStlng of three stockholders, the majority
OF whom shall constitute a quorum for
me me transaction of all business. The first
board OF Directors shall be composed of
the following stockholders: DR.. Henry c.
forming, residing ut 1854 Laurel street,
New Orleans, La, and Morris Dlugach
residing at $50 CarOndelet Street, New
orleans, La. and joseph j. THOMPSON If
residing 1T 526 SO. DorgenOiS 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.
The first officers of this CORPORATION
SHAH be: DIR. Henry C. Hornung, Presi-
cent. Motifs 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
or once, the said remaining directors
shall appoint and fill all vacancies from
among the stockholders.
On the LIST day of December. 1920. nm
less said day be 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
lngS and for stockholders meetings shall
De given by the Secretary Treasurer to
each stakeholder, either in person or by
deposlting written notice in the post
Office, properly addressed to him, at least
10 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
ltal stock issued at a meeting of the
stockholders convened for that purpose
after thirty 600 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
ana 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 liquidated by
three 90 commissioners to be selected
from among the stockholders. Said com
missioners shall remain in Office until the
affairs of the Corporation shall have been
1quidated. 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-
mality in organization have the effect of
rendering this charter null or exposing
a stakeholder to any liability beyond the
unpaid amount of his stock.
ARTICLE IX-The subscribers to the
capital stock of this Corporation have set
opposite their names the amount of stock
subscribed for by them, which subscrip-
ton is to stand in lieu of a formal sub
scription TO stock.
Thus done and passed, in the City of
New Orleans, La, on the day, month and
year first above written, in the presence
of Messieurs Logs Charbonnet and Jos.
Nieages, competent witnesses of lawful
age, who have hereunto subscribed their
names, together with said appearers and
me, notary, after reading of the whole.
Witnesses: Logs Charbonnet, JOS Vie
ages.
Original Signed) DR.. Henry C. Horu-
ung, 1854 Laurel Street, so shares; Morris
Dlugach Thy A. l.. Pilsbury), 800 Caron-
delet Street, 20 shares; j. J. Thompson,
Jr., $50 South DOrgenois Street. shares
WILLIAM ARDILL, Notary Public.
L, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing Act of Incorpora-
ton of the Crescent Drug and Manufac-
turing Co., Inc, was this day duly record
ed in my office, in Book 1881, Folio -.
New Orleans, 1919.
(SeaD
lSigned) EMILE J. LEONARD, by. r.
true copy.
WILLIAM ARDILL, Notary Public.
Nov. 13Dec. IS.