The herald., 1922-09-21
ALCIERS, LOUISIANA
CtiARTEk.
and succession for a term of ninety
nine years from this date.

and succession for term OF ninety
nine years from this date.
ARTICLE III. The domicile of this
corporation shall be IN the city OF New
| Orleans. parISn of Orleans, state OF
Louisiana, and alt citations or Other
| legal process shall he served on the
president OF SAID corporation; or IN
the event of his absence or inability
! TO act, upon the yice-presldent or upon
the secretary and treasurer. 4,
ARTICLE III. The objects and pur-
poses Tor which this corporation IS
| established and the business to DE car
| RED ON Dy II are hereby declared 10
| be: 10 manufacture and compound
drugs, chemicals and medicines, TO
| buy and sell, at wholesale, ana 10 deal
IN ali kinds OF drugs chemicals OILS,
paints and patent proprietary ana
other medicines, to manufacture, BUY,
| sell and deal in druggists supplies OF
every kind and description, drug sun
/ dries, sanitary appliances, fancy goods,
and other articles and things used IN
| and pertaining to the druggists sup
| Plies business, and to do All acts ana
things reasonable and necessary Tor
| the conduct OF such business or IN con-
ncctlOn Herewith.
To purchase or otherwise acquire
and hold sell, assign. transfer, mort
gage, pledge or Otherwise dispose OF
the capital stock, and bonds, deben-
lures or other evidences OF indebted
]
or corporations, domestic or foreign,
and While the holder thereof to eAer-
! else all the rights and privileges or
ownership, including the right 10 vote
thereon; to borrow money and to make
such pTOmiSSOTy notes, bills of eN-
change, bonds, debentureS, and ODllGa-
lions and evidences OF Indebtedness OF
all kinds, whether secured by mort
gage, pledge or otherwise, and to
secure the same by mortgage, pledge
or otherwise; to conduct this business
or any one or more businesses, and
unlimltedly and without restriction to
! hold, purchase, lease, mortgage and
convey real and personal property IN
the several states and territories or
the United States, colonial possessions
or territorial acquisitions OF the United
States, and IN foreign countries, as
shall from time to time be found nee
essary or convenient for the purposes
OF the company business; TO do ali
and everything necessary, suitable, con-
venient or proper for the accomplish
ment OF any purposes or Tor the
attainment OF any one or more of the
objects herein enumerated or incident
to the powers herein named, or which
snail at any time appear conducive or
eXpedient for the protection OF benefit
of the corporation, eihter as holders
of or Interested in any property or
otherwise, with all the powers now or
hereafter to be conferred by the laws
of this state upon corporations organ
lied in this state.
1t is the intention that the objects
and powers specified and the clauses
contained in this paragraph shall, eX-
cept where otherwise expressed in said
paragraph, be no wise limited or re-
stricted by reference to or inference
from the terms of any other clause in
this or any other paragraph of this
charter. but that the objects and pow
ers specified in each of the clauses
of this paragraph shall be regarded
independent objects and powers. and
nothing herein set forth is to be con-
Strued TO authorize the formation
hereby of any United States or State
Safe Deposit or Trust Company. Bank
ing Corporation or Savings Bank, or
corporation deemed to possess any pow
erS prohibited TO corporations formed
under savings bank statutory provi-
sions for the purposes of said corpor-
alton.
give credit to such persons and on such
terms as may seem expedient, ans in
particular customers and others hav-
ing dealings with the company or
having any connection with the bust
ness of the company. To enter into,
make, perform and carry out contracts
of every sort and kind with any per-
son, firm, association, corporation (pri-
vate or public), or municipal. or body
polite. or with the United States gov
eminent, or any state. territory or
e e01eaa !here0 Amy
export, import, buy sell and generally
to deal in goods, wares and merchan-
disc of every description. To purchase.
lease or otherwise acquire all kinds of
personal property which the corpora
ton may deem necessary or convenient
for the purposes of its business. and
to do business in it's own name, or as
agent or on commission, or otherwise.
and generally to do any and all things
pertinent or germane to the rights and
powers herein conferred
The corporation shall have the right
to contract. sue and be sued. and may
use a corporate seal. the same to break
and alter at pleasure.
ARTICLE w. The capital stock of
this corporation is hereby fixed at
Twenty-Five Thousand Dollars, divided
into and represented by two hundred
and fifty shares of the par value of
One Hundred Dollars each, which shall
be paid for in cash, subscribed to this
corporation, or by property transferred
to 1t, or services actually rendered to
issued, shall be fully paid and non
aSSeSSable.
The capital stock may be increased
to One Hundred Thousand Dollars, and
may be issued as a dividend herein at
the discretion of the stockholders, and
when the condition of the corporation
permits it. The Board of Directors
may also reduce the capital stock from
time to time from the earnings of the
corporation by calling in a proportional
drawings from among the stockholders,
recorded in such manner as may be
agreed upon by the Board of Directors.
No stakeholder shall sell or other
wise dispose of his stock in this cor
poration without first offering the
same in writing TO the other stockhold-
ers, who shall have ten days refusal
OF the same, and which stock shall be
sold to the highest bidder. Should said
stockholders fail to avail themselves of
the privileges within said period of
time, the said stock may be offered
and sold to any other person.
ARTICLE ". All of the corporate
powers OF this corporation shall be
vested in and exercised by a board
to be composed of not less than three
stockholders, but this number may be
changed from time to time by the
stockholders at meeting duly con-
vened.
In case of any vacancy in any direc-
torship through death, resignation, dis
qualification or other cause, the re-
naming directors, by the affirmative
vote of a majority of the Board of
directors, may elect successor to
hold office for the unexpired portion
OF the term of the director whose place
shall be vacant, and until the election
OF successor. Any officer or en-
ployeee elected or appointed by the
Board of Directors may be removed
at any time by a vote of the majority
OF the whole of the stockholders