The Natchitoches enterprise., 1920-08-19
CHARTER
OF City Drug Company In
cOrpOrated

missioned and sworn and qualified,
personally came and appeared the par
ties whose names are hereuntO sub
scribed, who declared to me that avail
ing themselves of the privileges anC
provisions of the Laws of the State OF
Louisiana, relative to the formation OF
corporations, they have formed and
constitute themselves. as well as such
others - may hereafter become asso-
ciated with them, into corporation
and have adopted the following as their
charter tO-wit:-
ARTICLE
The name and style of the corpora
ton shall be CITY DRUG COMPANY
INCORPORATED.
ARTICLE II
The domicle of the corporation shall
be Natchitoches. Parish of Natchito-
ches, State Of Louisiana.
made on the president of the Company,
or in his absence on such person as
shall be designated by law.
ARTICLE Ill
The object and the purpose of this
corporation and affairs to be conducted
are declared to be: To operate and
conduct Il general retail drug business,
buying and selling all articles of drugs,
perfumes, toilet articles, and all kinds
! Of medicines, and to do and perform al
acts Necessary to conduct general
retail drug store and do a general re-
tail drug business.
ARTICLE w
The capital stock of this corporation
shall be FIFTEEN THOUSAND DOL
LARS. divided into one hundred and
fifty shares of One Hundred Dollars
each, par value, all of the stock of the
company to be common stock. There
shall be no preferred stock.
More than fifty per cent of the cap
| ital stock has been subscribed for and
paid up in full into the corporation.
ARTICLE V
The officers of the corporation shall
be a President, Vice-President
General Manager. Secretary and Treas
urer, the last three named shall be the
same party.
The first president shall be r. j.
Bienvenu. resident of Colfax, Louis
lana. the vice president shall. be p. w.
Corbctt, a resident of Ferriday, LOUIS
lana, the FIRST general manager. sec
retary and treasurer shall be William
S. Bridges. a resident of the city and
parish of Na,"hitoches, Louisiana.
The Eoarl oi Directors shall be com
posed Of three stockholders elected
from the stock holders.
For the present year they shall be
Il. j. Bienvenu. p. ". Gorbett, WILL !
lam S. Bridges. three of whom shall
constitute a quorum: and they shall
hold their Office for the period of one |
year or until their successors shall be |
elected.
The affairs of the corporation shall
be under the control and direction of |
the board of directors of the company.
ARTICLE vi
There shall be an annual election of
officers of the company, provided that
a failure to hold said election shall not
dissolve or il, any manner effect the
corporation, but the officers shall re-
main in office and exercise control of
affairs until an election is duly held
The first annual meeting of the
stockholders shall be held on the third
in July a. D.. 1921 and yearly
thereafter at which time the officers
shall be elected for the ensuing year.
ARTICLE VII
The capital stock of this corporation
may be increased or decreased in any
amount, not to exceed Ten Thousand
Dollars. the increase or decrease to be
made in accordance with existing laws.
ARTICLE VIII
This corporation shall be in exist
.nce for the full period of fifty years
lnless sooner dissolved by consent of
he stockholders or by operation of the i,
aw.
ARTICLE TX {
No sto .kholders of this corporation u
hall ever be held liable for any de- n
ault, fault, debts or obligations Of the t
for any amount beyond
he unpaid balance due on stock SUBJ S
cribed for by him. F
ACTICLE X
This corporation may be dissolved at
ny time by two-thirds vote of the
apital stock of the corporation. Upon
issolution of the corporation tn
quidators shall be appointed by the
irectors to adjust the affairs of the :
q
ARTICLE XI
No informalities in the organization
{ the corporal ton or the adoption of
1e charter shall render the corpora so
cd nullity or make liable any of the A
for any debts or obliga- =.
ons of the said corporation. 70 70
ARTICLE XIII n.
The subscribers to these articles of II
have subscribed for thef
amber of shares of stock of this cor X
oration set opposite their respective
ames. as follows: &C
. J. Bienvenu, P. o. Colfax, ia
W. C0rbett, P. O. Ferriday
Id. .................. .........,........ Oo "
lillian S. Bridges, P. O. Nat tn
chitoches, La. ................. 33 -
To which charter the subscribers
'ret0 attach their signatures in my
essence and in the presence of the
witnesses on this the 18th
y of July A. d. 1920.
K. J. BIENVENIJ. Ph. C.