The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-11-15
CHARTER
OF THE
Colfax Drug Company, Incorporated
STATE OF LOUISIANA
PARISH OF GRANT.

Before me, tuc uuoCiois hSN noA~'y I
public in and for the parish OF Grant,
July, commissioned and sworn anu
Iuslified: personally came and appear
aad the narties whose names are here a,
INTO subscribed, who declared to me G
that awaiting themselves of the privi- Il
Ieoes of Act 267 of the General Assem-
bly of the State of Louisiana for the
wear of 1914, relative to the formation
If corporations, they have formed and a
constitute themselves. as well as such {
others as may hereafter become asso. t
ciated with them, into corporation =
and have adopted the following as their
charter, to-wit:
ARTICLE ONE.
The name and style of the corpora
item shall be THE COLFAX DRUG ;;
COMPANY, INCORPORATED.
ARTICLE TWO.
The domicile of the corporation shall
he Colfax, Grant Parish, Louisiana.
The service of all process shall be
made on the president of the company,
or in his absence on such person as
shall be designated by law.
ARTICLE THREE.
The object and the purposes OF tins
CORPORATION and affairs to be conducted
are declared to be, TO operate and con-
duct and general retail drug business,
buying and selling all articles OF drugs,
perfumes, toilet articles, and all kinds
Of medicines, and to do and perform
all acts necessary to conduct general
retail drug store and do a general re-
tail drug business.
ARTICLE FOUR.
The capital stock of this corporation
shall be FIVE THOUSAND DOL
LIARS. divided into fifty shares of One
Hundred Dollars, each, par value, all
of the stock of the company to be COM
mon stock. There shall be no prefer
red stock.
More than fifty per cent Of the cap,
ital stock has been subscribed Tor anu
paid up in full into the corporation.
ARTICLE FIVE.
The officers of the corporation shall
be q. president, vice-pre. ident and a
secretary and treasurer, the last TWO
named may be the same parry.
Wilkinson. a resident Of Colfax, Lou
!. isiana. the vice. president shall be j. A
. Williams, a resident of Colfax. Louisi.
ana. the first secretary and treasure
II shall be W. C. Carnahan, resident OF
= Colfax. Louisiana.
IT. The board of directors shall be com
posed of three stockholders elected
Id from the stockholders.
For the present year they shall b.
T.. A. wilkinson, j. A. Williams an.
w. C. Carnahan, three of whom sha
& constitute a quorum, and they sha
o. hold their office for the period OF on
be year or until their successors shall o
It. elected.
,e. The affairs of the corporation sha
lv ne under the control and direction G
-. the board of directors of the company
In There shah be an dhiHfdIX -u-v,.un
In officers of the company, provided the
"a. failure to hold said election shall M
dissolve or in any manner affect tt
r.. corporation. but the officers shall r.
main in Office and exercise control @
10 affairs until an election is duly held.
la The first annual meeting of the boar
100 of directors shall be held on the fir.
lie Monday in December, and yearly Their,
III. after, at which time the officers sha
Or be elected for the ensuring year.
". ARTICLE SEVEN.
to. The capital stock of this corporate
on may he Increased or decreased in an
ne amount, not to exceed twenty FIVE hur
he dred dollars, the increase or decreas
:. TO be made in accordance with existin
&c laws.
es' ARTICLE EIGHT.
This corporation shall be in existenc
&C. for the full period of fifty years unles
ur sooner dissolved by the consent of tn
OF stockholders or by operation of II
lp- law
its ARTICLE NINE.
ZEE No stakeholder of this corporate
of shall ever be held liable for any defaul
faults, debts or obligations of the col
:, poration for any amount beyond tn
unpaid balance due on stock subscribe
OF for by him.
MS ARTICLE TEN.
This corporation may be dissolved q
~ any time by threefourth vote of tn
10 capital stock of the corporation. Vi
ire on dissolution of the corporation I'll
We Iiquidators shall be appointed by tn
tie directors to adjust the affairs of til
,se lcorporation.
ire ARTICLE ELEVEN.
he No informalities in the organizatic
Il of the corporation or the adoption {
Dn. the charter shall render the corpors
IT. rion nullity or make liable any of tn
stockholders for any debts or oblig;
:. tons of the said corporation.
=. ARTICLE TWELVE
oh The subscribers to the capital stoc
=, IF the corporation have attached the
Inscription hereto with the amount {
20 stock subscribed which Is to be file
Oh With this charter.
is To which charter the subscriber
lrd hereto attach their signatures in m
on presence and in the presence of tn
en- subscribing witnesses on this the 12t
. . day of November. 1919.
- l.. A. WILKINSON,
III w. C. CARNAHAN,
en- j. A. WILLIAMS,