The herald., 1920-11-11

pany. Inc. on ME ana "i RECORD III my
Office.
PIERRE u. OLIVIER. Not. Pub.
Nov. Z. De- -.
CHARTER OF NEW ORLEANS DRUG
co. INC
Stat. Of Louisiana. Parish Of Orleans.
civ of New Orleans. Be il known. That
on this thirteenth day of October in IN"
year OF our Lord, nineteen hundred and
twenty, and ut IA" Independence of IN"
United States Of America. the one hun
dred and forty-fourth. before me. Warren
V Miller. a Notary Public. in and for the
Parish of Orleans, Louisiana, and IN the
presence Of the witnesses hereinafter
named and undersigned. personally cam"
and appeared. thu several persons who's"
names are hereinafter subscribed. all of
full age. who declared unto me Notary.
that ayaIlinC themselves o. tn" laws Of
th, state Of Louisiana. relative 10 the or
gauiZatiOu Of corporations. they do 10y
these presents. contract. agree. covenant.
Stipulat" and bind themselves. ~ We'll as
such persons a. may hereafter hecom" AS
sorlItcd with them. t. form AMI 'puStl-
tutr "A corporation and body polite in
law. for the objects aud purposes and un-
der the sjipulations hereinafter set forth.
to-Wit.
ARTICLE l. The name and title Of
this corporation shall be New Orleans
Drug CO.. Inc. and under such title il
shall have and enjoy succession and "N-
iSt"ncr for a period of ninety nine years
from date hereof, il shall have the power
and authority to contract. sue and he
sued To make and use corporate seal.
the same to break and alter at its pleas
urc. to hold, purchase. lease. sell. mort
gage or hypOthccat". or pledC" property.
real personal or mixed. and for the pur-
pose Of carrying on i>t business, to make
and issue notes and other evidences of in
drbtedncSs, to name and appoint mana
gers, clerks or other employees. for the
I
charge same at it's pleasure, to make and
establish such bylaws, rules and regula-
tiunS. a. may be found necessary and de-
siTablr for the aUagrmcUt of the affairs
| of tn" corporation. and generally to do
! all and everything. act or deed. for the
complete and proper conduct of said bus
mess.
ARTICLE 1.-THE dOmicie of this cor
poratiOn shall be in the city of New Or
! leans, State Of Louisiana. where all eta
J tions and other legal process shall b,
| served upon the President. or. in the ali
scnce of the President, upon the Secrr,
| taTy.
! ARTICLE IH.-The capital stock OF
this corporation i hereby fixed AZ TIA,
sum Of fifteen thousand dollars. and is III
vidrd into ten thousand dollars of com
mon stock, represented by one hundred
! shares of the par value of one hundred
dollars each, aud five thousand dollars %
preferred stock represented by fifty shares
of the par value of one hundred dollar,
each, each OF which classes Of stock may
be increased up to five hundred Thousand
dollars: each Of the classes Of stock shall
he of the par value of one hundred dol
lars each. the common stock shall he en-
Titled 10 vote in all of the affairs of tn
corporation, and may be paid for b!
money. property. good will. or service
actually rendered 10 the corporation. nj
as shall bc determined by the Board o
Directors, tn" preferred stock shall bca
. interest ut the rate of seven per Get pc
o
before and in preference To any dividend
on common stock. and said stock may b.
redeemed ut not less than par out of ur
profits or earned surplus AT such time
and under such terms and conditions q
may be agreed upon Ivy the Board of hi
rcCtOr~. said preferred stock shall als
have preference over tn" common stool
on all of the assets of this corporation
said preferred stock shall have no yOt
ing power and shall be paid for in cash
| services, or good will. at such times an,
in such amounts as may be determined b.
the Board of Directors.
ARTICLE IV.-The objects and PURPOSE
for which this corporation is formed ar,
declared to be rs follows: To manufac
tur" and deal in drugs. chemicals anl
druggists SundrieS and supplies. and al
articles and drugs sold or handled by
drug stores. intending fixtures sod.
fountains, paper. twincS and everything
used IN connection with the drug bust
ness, and such other merchandise a
would be found advisable to be handlct
! and sold. and to buy and sell any of III
ahoN" articles in wholeSal" or retail guam
titles. 10 lease or buy buildings for CaSl
% or on terms Of credit and to operate on
4 or NOR" places in the city of New or
leans or elsewhere: 10 build or acquir
= buildings and the rights. property, -
, stock of other concerns and generally 4
! sell or deal in any articles or goods ger
= name 10 or connected with any of tn
" above mentioned business
- ARTICLE N.-AU shares of common
@ stock Of this corporation shall be frs
r. offered IN writing To the Directors 81 TIL
. corporation for a period of thirty day
q az the book value thereof before same ca
= be sold, tn" said restriction shall app!
TO the preferred stock with the eXcru
: TON that the preferred stock shall be OF
II fercd at par.
ARTICLE VI-The corporate powers q
a TINS corporation shall be vested in Boar
l. OF directors composed of three or MOI
holders Of common stock a majority
j. whom shall constitute quorum for tI
transaction of all business. The abser
directors may vote at any meeting of a
T. Directors by proxy TO any other II
o rector for that particular meeting TT
a first Board Of Directors shall consist O
# W. X. Yates. 1886 Camp street: Jules Wo
e brettc, ll@2 LOwcrlinr street. A. HirS.l
n witt. 2Il5 Milan street. with W. K. Yat
:. as President, jules Wolbrrtte as Ser
:. tary. and jules Wolbrette a. Treasure
r. and such Directors and officers sha
serve as Sutu uuIl the UTsi Monday
II November. 1921 and until such furth
y time as thoir successors are duiy elect,
" and qualified; the Directors shall
P elected by vote of the holders of the cor
J" mon stock at yearly meeting
;. the first Monday of November. star
ing with November. 1921; the Board
ot Directors shall have the right to ele
le without referring to a stockholders nee
"a ing any stakeholder as a Director whe
; ever any vacancy shall exist on the Boa
l. OF Directors through death or resignation
Sc meeting Of the Board Of Directors may
e, called at any time by the President, al
- shall be held at such other times as m;
" be agreed upon in the bylaws.
,. Thus done and signed. on the day al
J; date first herein above written, in the CT
Of New Orleans, in the presence Of Nath;