The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-09

office.
PIERRE D. OLIVIER, Not. Pub.
Nov. 4-Dec 8.
CHARTER OF NEW ORLEANS DRUG
CO, INC.
State of Louisiana, Parish of Orleans
City of New Orleans. BE il 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
Eanization of corporations, they do by
these presents, contract, agree. covenant,
stipulate and bind themselves, as well as
such persons as may hereafter become as
ISOLATED with them, to form and cOnsti-
tute n corporation and body polite in
law, for the objects and purposes and I'M
der the stipulatiOns hereinafter set forth,
to-wit:
ARTICLE 1.-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 a 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,
real, personal or mixed. and for the pur-
pose Of carrying on list business, to make
and issue notes and other evidences OF in
debtedness; 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 dc
! all and everything. act or deed. for the
complete and proper conduct Of said bus
mess.
| ARTICLE 1.-THE domicle Of this cor.
pOration shall be in the City of New Or
| leans, State of Louisiana, where all cita-
| lions and other legal process shall be
served upon the President, or, in the alb.
sence of the President, upon the Secre-
| tary.
ARTICLE III.-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 hundred dollars
each; each of which classes of stock may
| be increased up to five hundred thousand
| dollars; each of the classes of stock shall
be 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
| money, property, good Will, or services
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
Iannum, and such interest shall be payable
1 Afw-sl IL
on common stock. and said stock may be
| 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 Di
rectors; said preferred stock shall also
have preference over the common stock
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 and
| in such amounts as may be determined by
| the Board of Directors.
| ARTICLE IV-The objects and purposes
| for which this corporation is formed arr
| declared to be as follows: To manufac
| ture and deal in drugs, chemicals anC
| druggists sundries and supplies, and al
articles and drugs sold or handled by
drug stores, including fixtures, sodi
fountains, paper, twineS and everything
used in connection with the drug bust
| ness. and such other merchandise a
| would be found advisable to be handled
and sold; and to buy and sell any OF tn
above articles an wholesale or retail guam
| titles to lease or buy buildings for casl
| or on terms of credit and to operate on
| or more places in the City of New Or
! leans or elsewhere: TO build or acquire
buildings. and the rights, property, o.
stock of other concerns, and generally 4
sell or deal in any articles or goods ger
| name to or connected with any Of tn,
above mentioned business.
ARTICLE VAN shares Of common
| All ha1 hn
offered in writing to the Directors OF thi
CORPORATION for a period of thirty day
at the book value thereof before same cal
| be sold :. the said restriction shall app!
to the preferred stock with the eXcep
ton that the preferred stock shall be of
fered at par.
| ARTICLE VI-The corporate powers o
this corporation shall be vested in a Boar
of Directors composed OF three or NOR
holders of common stock, a majority o
whom shall constitute quorum for tn
transaction of all business. The absen
Directors nay vote at any meeting of tn
Directors by proxy TO any other III
| rector for that particular meeting. Tn
first Board of Directors shall consist OF
w. r. Yates, 1896 Camp street; Jules VOL
brette. 1872 Lowerline street: A. Hirsch
witt. 2715 Milan street, with W. X. late
as President, Jules Wolbrette as Secre
tary, and Jules Wolbrette as Treasurer
and such Directors and officers shall
serve as such until the first Monday o
November, 1921. and until such furthe
time as their successors are duly elected
and qualified; the Directors shall b.
elected by vote of the holders of the com
mon stock at 1yearly meeting OF
the first Monday of November, start
ing with November. 1921; the Board o
Directors shall have the right to cleo
without referring TO a stockholders meet
ing any stakeholder as Director when
ever any vacancy shall exist on the Boar
of Directors through death or resignation
,f . h. 81 - l.
called at any time by the President. ant
shall be held at such other times as ma,
be agreed upon in the bylaws.
Thus done and signed, on the day an,
date first herein above written. in the Cit,
of New Orleans, in the presence Of Nathal