The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
CHARTER OF NAN SAMSON, INC.

Apr May T.
CHARTER OF MAN SAMSON, INC.
United States Of America. stat, ot Lou
i~iaua. Parish of Orleans. city 81 "" or
leans iir ii known. That on this -'th
day of the month OF March. m thr .'E ,
OF our Lord. ON" thousand mine hundred
and twenty. aud of the independents" at
the United States OF America ih" one nun
drrd and forty fourth. h.tor" me-. HERMAN
L. I;aructt. Notary Public. duly com
ui>~iurrd and qualified, in and Tor ia"
Parish OF orleans. state of Louisiana.
therein residing. ami iu ia" preSeHr" 81 iAr
witnesses hereinafter named ami under
signed. personally cam" and appeared the
several persons who's" names are h"reunio
subscribed. all of the full age of majority.
" he <pvoraIly declared To me. Notary that,
awaiting themselves Of ia" laws Of the
State Of Louisiana. in such eases mad"
and provided. and more particularly Of
Act -2G1 of the General Assembly Of tn"
STATE OF Louisiana Of 1914. relating 10 Ia"
Great ion. organization aud formation Of
corporations. they have CoEcnaut"d anu
agreed ami by these presents do covenant
aud agree. and bind themselves a. well rs
all such other persons as may hereafter
hrrOIuc associated with them. to form Il
corporation for the objects and purposes
and under the articles and >tipulatiOnS
following. VII:
ARTICLE 1.-The nam" and title of this
CORPORATION shall he Max Samson. InCOr-
shall have power and authority To have
and to enjoy corporate existence for q
period of ninety min" years from date
hereof. unless sooner dissolved by liquida-
tiOn or otherwise; il shall have power to
contract. to sue and to be sued; to make
aud Us" corporate seal and to alter and
break same at pleasure; to hold, receive,
lease. purchase. transfer. assign, convey,
mortgage hypOthcCate. pledge, or other
wise receive or dispose of property. real.
personal and mixed, corporal and inrOr
pOreal, to issue bonds. and. if desired. to
secure tn" same by mortgage. to buy and
hold stock in other companies incident
to the objects and purposes or to the "N.
pan>iOn of the business interests of the
corporation: to name. elect and appoint
such managers. agents. directors or Off
GERS a. its business interests may require.
and to make and establish. alter and
amend it, bylaws. rules and regulations
for its proper government. a. may b."
deemed necessary ami proper. and. gen
orally. 10 do any and all things incident
To or necessary and proper for the cXtcn.
sion of the business in which the corpOr-
alton IL engaged.
ARTICLE U.-This corporation shall he
dOmiciled in the City of New Orleans. in
the State of Louisiana. aud all citation 81
other legal process shall be- served upon
the President of the corporation, and. in
the event of his absence. upon the Secrc-
tary T treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation il organ
lied and created and the nature of the
business to he carried on by il are de
clarrd to be a. follows: To manufaC-
ture. buy. sell. deal in and handle drugs.
medicines. extracts. chemicals. mineral and
vegetable preparations. patent. Proprie-
tarV. registered auu other med iCiupS. toilet
articles. candy. supplies and druggists
Sundric>. and. generally. TO engage in the
business OF a retail druggist and prr>crip-
ton pharmacist to fill prescriptions OF
ply >ician> and surgeons, TO refill same
DRUGGISTS
aud to sell same. all a. the law permits ,
to export and import any and all materials
ana things pertaining TO the retail drug
business; 10 buy. sell. own. register and
patent all sorts Of medicinal and pharma-
ceutical preparations and the formulac
therefor. 10 manufacture same. TO acquire
or dispose of same, and To- acquire copy
rights and trademarks therefor. all in
conformity with the provisions of the law
To buy. sell. lease, own aud operate re
tail drug stores in this city or State. to
acquire by purchase. lease: to mort IN gc
and otherwise to hold. own or dispose OF
real property for the furthering of the
purpose above set forth. To own and
operate and TO acquire and dispose OF in
any manner, soda fountains, soft drink
and lee Greats stands: to engage in for
eign a. well as domestic commerce, and
to carry on the aforesaid business in the
United States. its territories and posses
SiOnS. and in foreign countries: TO con-
duct and carry on such other business as
may he found necessary or convenient for
properly effecting the aforesaid purposes
or enhancing the value of properties.
rights and privileges of the corporation.
ARTICLE IV.-The capital stock of this
Company is hereby fixed ut the sum of
twenty-five thousand ($25,OO0OOD dollars,
and shall be divided into and represented
by two hundred and fifty (250D shares OF
the par value of one hundred (Sl0O.O0) dol
lars each. Said stock shall be paid for in
cash. or its equivalent, as provided by
law. and in such manner and ut such
times and in such inStHllmCntS as may be-
prescribed by the Board of Directors. Said
corporation shall become Il going con-
Germ and shall be authorized to commence
business when twelve thousand five hun
dred (S12 100000 dollars of its capital
stock shall have been subscribed and paid
for.
ARTICLE E.-The capital stock of this
Company may be increased to the sum OF
two hundred thousand $500, Oo000D dol
lars, by a twothirdS vote of all the stock
present or represented at special meet
ing called for that purpose. or at Il reg
ular annual meeting of the corporation.
ARTICLE VI.-All certificates of stock
issued by the Company shall be signed by
the President and cOuntersigned by the
Vice President: or. il authorized by reSO-
luton of the Board of directors. shall he
signed by the President or Vice Presi-
dent and cOunterSigncd by the Secretary
Treasurer. The stock of this corporation
can be- transferred only on the books Of
the corporation and subject to such reg
ulatiOns and fOrmalitieS as may he by the
Board of Directors from time to time pre-
Scribed. No stakeholder shall be permit
ted to sell or otherwise dispose of his
stock without first offering the same in
writing to the other stockholders. through
the Board of Directors, ut price not eX-
ceeding the book value thereof at the time
OF the last inventory. and the StOCkhOld-
erS shall have an option and first right
to purchase all the shares of stock To hc
thus disposed OF. by sale or by the death
resignation or otherwise. OF any of th"
khOIuprS
have a period of ten days in which to ac-
the Board Of Directors or the Stockhold-
orS decline TO purchase said stock. then
the stakeholder or stockholders who made
the offer to sell or otherwise dispose Of
the stock, may sell or otherwise dispose
of il in any manner aud AT any price that
he or they may see fit. But each share
of stock is issued under the condition and
understanding that no stakeholder shall
make Il sale or transfer of his stock in
violation of this provision: and such sale
or transfer. ii made. shall he void. and
this company shall be under no obligation
to list said stock on its books or to re-
gard the holder of the certificate thereof.
ARTICLE NII.-The corporate powers
OF this corporation shall he vested in and
exercised by a Board of Directors. com
posed of not less than three and not more
than five stockholders. two of whom shall
constitute a quorum, If there are three
Directors. and three of whom shall con
stttute quorum If there are four or five
directors, for the transaction of business.
The Directors of this corporation may
vote in person or by written proxy nj any
M ha ttnsr q.