The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12
CHARTER

contract or otherwise of formulas naming the
ingredients and proportions thereof for COM
pounding medicine, the acquiring of copy
rights and trademarks, the compromising and
sale of medicines, liniments and other pre-
parations, the purchase and sale of drugs,
chemicals. oils, merchandise and all kinds
of personal property and generally to do
and perform any and all acts necessary or
requisite to the compromising and sale OF
| medicines and hniments and to the pur-
chase and sale OF merchandise and personal
property.
| ARTICLE IV.-The capital stock of this
corporation is hereby fixed at Five Thousand
Dollars, divided into fifty shares of the par
value of One Hundred Dollars. This cor
poration shall begin business as soon as
| Three Thousand Dollars Thirty Shares
shall have been subscribed. No stock
shall be issued by this corporation until it
shall be sold without the unanimous consent
! of its Board OF Directors. No stakeholder
| OF this corporation shall sell, or dispose OF
his stock in this corporation, nor shall any
stock OF this corporation be transferred on
its books until it has been offered to the
corporation at price not to exceed its book
value and delay OF ten days shall have
elapsed from the date of the offer 10 de-
termlne and complete the purchase. All GER
tificates of stock issued by this corporation
| shall bear an inscription making the trans
fer of its stock subject to the restrictions
contained in this act of Incorporation.
-
this corporation shall be vested in and ex-
ercised by a Board of Directors composed of
| five stockholders; who shall be elected by
the holders Of the stock in this corporation
annually, majority OF whom shall consti-
| tute a quorum they shall elect from their
| number a President, Nice-President, Secre-
tary and Treasurer. All elections for direc-
| tors of this association shall be held at the
office OF the corporation by. ballot, each
share of stock being entitled to one vote
The first election under this corporation shall
| be held in January of 1920, and annually
thereafter, the first Board of Directors shall
be composed OF the following stockholders,
| viz: Arthur J. Hitler Morris Miller, Mrs.
| Bertha Miller, Henry c. Hornung and Leo.
Miller, with A. ]. Hitler as President; II.
&c. Hornung, Vice President Morris Miller,
Secretary and Mrs. Bertha Miller, Treasur-
| er. Any vacancies occurring in the Direc-
tors shall be filled by the remaining direc-
| tors with the election of a stakeholder to
| fill the unexpired term.
| ARTICLE VI.-This act of Incorporation
may be annexed, modified and altered and
| :his corporation may be dissolved with the
| assent of three fourths of the stock repre-
sented at meeting of the stockholders call
| ed for that purpose, after 10 days written
notice to each stakeholder at his last known
place of residence.
ARTICLE Vino stockholder of this
corporation shall be held liable or responsible
for the contracts, faults or debts of this cor
poration. shall any informality in the
organization of this corporation have the eff
| feet of exposing a stakeholder to any liza
bility therefor.
ARTICLE VIII.-Upon the dissolution of
this corporation by limitation or otherwise
its affairs shall be liquidated under the sup
ervision of three stockholders elected by the
stockholders of this corporation, they to con-
tinue in office until liquidation of the af-
fairs OF the corporation shall have been
completed; in case of death or inability of
any of the lqudators to perform their duties.
the remaining hquidators may continue and
complete the liquidation by themselves or
may. fill the vacancy by the election of
stakeholder liquidator.
ARTICLE IX-Henry c. Hornung. sub
scriber for ten shares of the capital stock
of this corporation, declared that he hereby
| sells to this Louisiana Medicine Company,
| the formulas, trademarks, and copyrights
covering the following named medicines, lni-
ments and other remedies used in connec-
tion Herewith the sole and exclusive right
to make, prepare, compound, manufacture
and sell the following named medicines, lni-
ments and remedies, viz: DR.. H. c. Hor-
Palm Olive; DR.. H. c. Hornung's Fever
Remedy; DR.. H. C. Hornung's Dry Powder;
DR.. H. c. Hornung's Live Stock Renovation
| In addition to the sale of said medicines
liniments and remedies he has been en-
ployed by the Louisiana Medicine Company
as chemist at a salary Of Thirty $4,000 Dol
lars per week to make. prepare and COM
pound the above named preparations and
prepare or compound, or to permit any other
person to make, prepare compound any of
the above named preparations for any other
person, partnership or corporation, or to in
trust any person in the making of the pre-
| paraton compounding any of the above
named preparations within five years from
| the date hereof. That the cosderation of
said sale and the other obligations above
set forth is the sum of One Thousand Dollars
payable with ten shares of the capital stock
of said corporation and the payment of the
sum of Thirty $4,000 Dollars per week,
salary Will in the service of said corpora
ton Arthur ]. Hitler Morris Miller, Mrs.
Bertha Miller, Leo Miller and H. c. Hor-
hung. the Directors of this corporation here
| by appraise the property above named at
One Thousand Dollars.
the City of New Orleans. on the day, month
and year herein first above written IN the
presence Of Miss Amelia Swanson and
Charles " Macaluso. competent witnesses,
who hereto sign their names with said ap.
bearers and me, Notary, after reading of
Witnesses: A. Swanson. c. v. Macaluso.
(Original Signed DR.. Henry c. Hornung,
1906 MAGAZINE St, New Orleans, La, 10
shares: A. J. Hitler. 1901 Gen'l Pershing St.,
New Orleans La. IS shares; Bertha Miller,
| 1901 GenI Pershing St, New Orleans, La
IS shares; Morris Miller. 1901 Genr Perish.
ing ST., New Orleans. La, S shares; Leo
Miller, 1901 Genl Pershing ST., New Or
| GEO. J. UNTEREINER.
| Notary Public.
| I, the undersigned, Recorder of Mortgages.
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation. of the
Louisiana Medicine Co., was this day duly
recorded in my office, in Book 1928, Folio
4H.
| New Orleans, April Path, 1919
| (Signed EMILE J. LEONARD, by. r.
| GEO. J. UNTEREINER.
| Notary Public.
| May s to June IL. inc.