The herald., 1919-12-11
CHARTER OF CRESCENT DRUG AND
MANUFACTURING COMPANY, INC.

CHARTER OF CRESCENT DRUG AND
MANUFACTURING COMPANY, INC.
United States of America State of Lou
isiana, Parish of Orleans, City of New
Orleans. Be it 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, 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 of the witnesses hereinafter named
| and undersigned, personally came and APP
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 a 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
be Crescent Drug and Manufacturing |
Company, Incorporated
ARTICLE II-Its domicile shall be in
the City of New Orleans, State of Louis
iana 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 domlcile
: and shall have and enjoy succession Tor
period of ninety nine (99) years from date
: hereof.
5 ARTICLE III-AH citation or legal
process shall be served on the President,
I and in case of his absence inability TO
act upon the Vice President or the Sec
: retary-Treasurer.
n ARTICLE Iv-The objects and pur-
S poses for which this corporation is organ
g lied and the nature of the business TO De
h carried on by it, are declared to be:
II To carry on the business of manufac-
/ turing itself or through others, drugs,
| liniments, compounds blends, proprietary
# medicines, chemicals and all drugs, medl,
d cines and liniments of whatsoever Klnd
J. and nature; to acquire by purchase or
If otherwise formulate for drugs liniments,
,e compounds, blends, proprietary medicines;
s chemicals and all drugs, medicines and
l. liniments of whatsoever kind and nature
10 in combination or otherwise; to acquire
10 by purchase or otherwise trademarks 10
A. acquire by purchase or otherwise any
Is subsequent improvements or extensions
at of said formulate and trademarks, as well
ar as any other patents, formulate, trade
rs marks or extensions or improvements
g. thereof it may see fit to acquire TO carry
an or through others, of patent and proprl
)y etary medicines; to grant licenses Tor tht
ly use of said formulate, patents and trade
st marks; to acquire by purchase or other
Is. wise real personal or mixed property
tie and to sell, lease, mortgage or otherw1s
n dispose of same; to execute and enter int
ok all contracts and generally to do and per
he form any and all things necessary ant
by incidental to the objects and purpose
he and business for which this company /
n organized.
C. ARTICLE v-The capital stock of thi
he corporation is hereby fixed at the sum Q
ii- ten thousand dollars (S1O,OO0), divided INT
all one hundred shares Q0O) of the par valu
air of one hundred dollars ($1OO) each, Q
&C. which FIVE thousand $4,000, or one nal
ice of the capital stock, has been subscribe
nd for; which stock may be issued full pal
all and non assessable for cash. or for prop
INT erty transferred for value or for service
lso actually rendered to said corporation
me Said capital stock may be Increased
ON twenty thousand dollars (S2OOOO).
f fu ARTICLE Wal the corporate power
~ of this corporation shall be vested in an
mn exercised by a Board Of Directors COZ
fnr sisting of three stockholders, the majorii
ra of whom shall constitute quorum u
the the transaction of all business. inc M
~ Board of Directors shall be composed
ers the following stockholders: DR.. Henry
m Hornung residing at 1854 Laurel stree
I'd New Orleans, La, and Morris Dlugac
as residing at 800 Carondelet Street, Ne
h~ Orleans. La, and Joseph j. Thompson, j.
and residing at 526 SO. porgenois street Ne
net Orleans, La. who shall hold their loo ON
ess until the LIST day of December, 1920,
all until their successors have been duly
ach pointed and qualined.
t The first officers of this Corporate
The shall be: DIR. Henry c. Hornung, fres
lor- dent. Morris Dlugach, Vice President al
,5t Joseph Thompson, III; ir s ssefet nn
ally the list day of December, 1870, or un
lent their successors have been duty appoint
TN vn and qualified.
me In case of the resignation or death
or any of the directors, during their ere, ael
'' shall appoint and fill all vacancies Ir'
among the stockholders.
ora On the list day of December, 1g2O, y
ton less said day be a Dies non, then In su
pt e case on the first succeeding Jgoattiar y
|. TO and annually thereafter, an election
oia directors shall be held at the ofnces OF
ock Company under the supervision OF Tn
: OF commissioners Notice for annual me
IN ings and for stockholders meetings sn
ock- be- given by the Secretary Treasurer,
.ns each stockholder, either in person OF
Cuht depositing a written notice in the pc
,n ,ns office, properly addressed to him. at lie
- - Is days before said meeting.
fn,Jv All stockholders shall vote at all sto
. or boIders' meetings by ballot, and ]
ancy iority of the stock present shall gov
mis- on all questions. save as otheIwse
vided by law. Each share or STOCK 81 3.
be entitled to one vote, eitner III pei
pora or by written proxy.
cred, -. yon.
j ac- tion NAV be changed, modified, or anne
tock- ed. or this Corporation may be dissoi'
no. with the assent of two-thirds OF the
.itten ital stock issued at meeting OF
d to stockholders convened for that purp
the after thirty 500 days prior written NO
m In of such meeting shall have been maile'
or to the last address of each stockh0lder
the Secretary Treasurer OF the comps
and should at any meeting 1t be dec
snaii to dissolve the Corporation, either
r the 70 ,u.s - its charter or for any O
pora. cause. it's affairs shall be hquidated
npala three (3) commissioners to be seie
es Oh from among the stockholders. Said
mere missioners shall remain in ONCE until
cue. affairs Of the Corporation shall nave
y Iinnidated. In case of the death OF
pc Of said commissioners, the survivor
ue on Survivors shall continue to act.
r ARTICLE VIII-No stoekholder OF
: Ne~ CORPORATION shall ever be held liable
y, ~ tbe contracts or faults thereof, In any
Naw ther sum than the unpaid balance d.
- a.. the corporation on the shares OF
1900 owned by him, nor shall any mere
= COZ mality in organization have the enc
milton rendering this charter null or exp
" "a stockholder to any liability beyon'
- "a unpaid amount Of his stock.
retary, ARTICLE IX-The subscribers u