The herald., 1920-11-04
CHARTER OF NEW ORLEANS DRUG
CO, INC.

State OF Louisiana, Parish Of Orleans.
City of New Orleans. BE it known, That
on this thirteenth day of October. in the
year of our Lord, nineteen hundred and
twenty, and of the Independence of the
United States of America. the one hun
dred and forty-fourth. before me. Warren
V. Miller. Notary Public. in and for the
Parish of Orleans, Louisiana. and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared. the several persons whose
names are hereinafter subscribed, all of
full age, who declared unto me, Notary
that. availing themselves Of the laws of
the State Of Louisiana, relative to the or
ganization of corporations they do by
these presents. contract. agree covenant
stipulate and bind themselves. as well as
such persons as may hereafter become as
sOclated with them, TO form and cOnsti-
tute corporation and body polite in
law, for the objects and purposes and un-
der the stipulatiOns hereinafter set forth.
to-wit
ARTICLE 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 ex-
iStence for period of ninety. nine years
from date hereof; 1t shall have the power
and authority to contract. sue and be
sued: to make and use "A corporate seal.
the same to break and alter at its pleas
ure; to hold, purchase. lease. sell. mort
gage or hypOthecate. or pledge property,
pose of carrying on list business, to make
and issue notes and other evidences of iu-
d"btedness; to name and appoint mana
gers, clerks or other employees. for the
proper conduct of its business. and TO dis
charge same at its pleasure; TO make and
establish such bylaws, rules and regula-
tons as may be found necessary and de-
sirable for the management Of the affairs
of the corporation. and generally to do
all and everything, act or deed. for the
complete and proper conduct of said bus
mess.
ARTICLE 1.-THE domicile of this cor
| pOration shall be in the City OF New Or
| leans, State of Louisiana. where all eta
! tiOns and other legal process shall be
/ served upon the President, or. in the alb
sence of the President, upon the Secre-
| tary.
ARTICLE uI.-The capital stock of
| this corporation is hereby fixed at the
sum of fifteen thousand dollars. and is di-
| vided into ten thousand dollars of COM
/ mon stock, represented by one hundred
| shares OF the par value of one hundred
dollars each, and five thousand dollars OF
| preferred stock represented by fifty shares
| of the par value Of one huhdred dollars
| 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 be en-
| titled to vote in all of the affairs of the
corporation, and may be paid for by
| actually rendered to the corporation, al
as shall be determined by the Board OF
| Directors; the preferred stock shall bear
interest at the rate of seven per Get pei
! annum, and such interest shall be payable
before and in preference to any dividend,
| on common stock. and said stock may b,
redeemed at not less than par out of net
profits or earned surplus at such times
| and under such terms and conditions as
may be agreed upon by the Board of hi
| reCtors; said preferred stock shall also
have preference over the common stocI
| on all Of the assets of this corporation
said preferred stock shall have no vot
ing power and shall be paid for in cash
services. or good will. at such times anC
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 as follows: To manufac
ture and deal in drugs. chemicals AM
druggists sundries and supplies, and al
articles and drugs sold or handled b,
drug stores. including fixtures. sod
fountains, paper, twines and everything
used in connection with the drug bust
ness. and such other merchandise a
would be found advisable to be handle
and sold; and to buy and sell anf q tn