The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-01-10


borrow money and grant security |
therefor; to appoint such managers,
agents and officers, and to engage
such employees as its business or con-
venierce may require and to make
and amend or abrogate at pleasure
such bylaws, rules and regulations
for the conduct of its business as may
be necessary and proper.
ARTICLE ii
The objects and purposes for which
this corporation is established, and
the nature of the business to be
carried on by it, are declared to be:
To engage in and carry on a gem
eral drug business at wholesale and
retail, including the manufacture, sale
and compounding of drugs; the filling
of prescriptions, the sale OF merchan-
disc such as. toilet articles, soaps,
perfumes, stationery. electric fixtures
toys, auto supplies, monographs, can
dies, tobaccos, wallpaper, WINDOW
glass, paints, fancy crockery, Jewelry,
cut-glass, auto filling station, paint
brushes, as well as such other goods
and merchandise as are usually sold
in connection with the drug business;
and also of conducting in connection
Herewith a soda fountain for the
dispensing of hot and cold drinks,
beverages, ices and ice cream; and
also Of manufacturing and selling at
wholesale and retail soft drinks,
beverages and ice creams; and in gen.
eral to engage in any business COM
Elementary to or incidental to the
tdrug business.
ARTICLE III
The domicile OF this corporation
shall be in the Village of. Tailulah.
Madison Parish, State of Louisiana.
and citation and other legal process
shall be served upon the President
and in his absence upon the Vice,
President thereof.
| ARTICLE Nv
The capital stock of this corpora.
ton is hereby fixed at the sum OF
Fifteen Thousand ($15, 0O0.0O)- Dol
lars, to be divided into and repre-
sented by one hundred fifty $50
shares of the par value of one hund
red (S1O0.OO) dollars each. OF which
as much as fifty 5000 per cen
must be subscribed before filing thes
articles of incorporation; provided
that this corporation shall be a goin!
concern and authorized to do busi
ness when fifty 5000 per cent o
all stock subscribed for shall hav
been actually paid for.
Stock Of this corporation may b
issued at par in payment 81 exchang
for labor done, or for mopey or pre-
! perty actually received by the COZ
poration.
No certificate Of stock shall be j:
sued untiithe stock evidenced thereb
has been fully paid for, nor shall an
certificate for less than one % shar
be issued or transferred.
ANY stakeholder may sell, assig
or transfer his stock in this corpor;
ton provided thirty 900 days pric
notice Ct such intention to sell, assig
! or transfer the same be given tn
COMPANY. and the other stcck-holdel
, thereof shall have the first privilee
of purchasing same, after whic
I thirty (30l days notice the said stoc
may be sold in open market.
This corporation shall recogni7
the exclusive right Of q person regi
/ tered on its books as the owner {
shares Ct stock to receive dividend
| and to vote as such owner, and sha
/ hold liable for calls and Assessment
+ al persons registered on its books ;
the owner of shares.
ARTICLE V
The board of directors of this CO
poration shall be composed of fly
90 stockholders thereof who, exec,
those named herein to compose II
/ first board or elected by the board
& fill vacancies therein, shall be electe
by the stockholders annually on Il
& third Monday of January in eaC
calendar year, and shall hold and e
ercise the duties of their office unit
i their successors have been duly cleo
5 ed and qualified.
Z All meetings of stockholders
: directors must be held at the domici
= of said corporation; provided tn
with the written consent of all dire
n tors valid meetings of directors m;
4 be held outside the State, or with
y the State elsewhere than at it's don
Gle.
u At all meetings of the board ca,
4 director shall have one vote; al
n three ClTcCLOTS. " tScuI III pSLSOu
! by nroxy. shall constitute a quoru
4 provided that a less number shs
I have power to fill vacancies in Il
y board for its unexpired time.
4 Each director shall have power
4 appoint in writing a stakeholder
proxy to represent such director
y any meeting of the board, such pro,
4 to have at such meeting all the RICH
Y and powers of such director.
81 The board of directors shall
81 vested with the power to hold and e
ercise all the powers enumerated
81 Article hereof. as well as all powe
y conferred by law upon the corpor
= ton, except such as may be requir
Il bv law or by this charter to be he
and exercised by the stockholders
some officer of this corporation.
ARTICLE vi
The stockholders shall meet on t
third Monday of January, A. D., 49,
to elect directors to succeed tho
chosen and named in this chartt
and so annually thereafter; and
b such meetings to transact any 9th
? business, and to do all acts requir