The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-27
CHARTER.

! iHs themselves OF all anu SluSUll- lut
laws of the State of Louisiana relative to
the organization of corporations, they
have cOvenanted and agreed, AMI do by
these presents covenant and agree and
bind themselves, as well all persons
who may hereafter become associated with
them, TO form corporation for the Oh
jects and purposes and under the articles
and stipulatiOns following. tO-wit:
| ARTICLE The name of this corpora
ton shall be the Dryades Pharmacy. Inc.
and by that name it shall have power
and authority to exist and enjoy success
sion for the full term and period of ninety
nine years, commencing on, and to be-
computed from and after the date hereof
ARTICLE 1.-THE dOmicile of this cor
poratiOn shall be in the city of New Or
leans, State of Louisiana. All citations
and other legal process shall be served
upon the president Of this corporation. or
i'll case of his absence or inability. or ali
sence of both the president and the vice
president, upon the treasurer of this cor
pOration.
ARTICLE III-The objects and pur-
poses for which this corporation is or
Sanized and the nature of the business
to be carried on by it are hereby declared
, to be.
To buy and sell drugs Of all kind and
character; To buy and sell drug sundrieS
and engage generally in the drug business:
/: either retail or wholesale as may be neceS-
Sary; 10 do all things necessary to carry
on drug store or any number of drug
stores that il may desire to establish from
3
any and all kinds of merchandise that
may be advisable or necessary in the sue
? cessful conduct of the business.
; ARTICLE IN-It shall have all the
: rights and privileges granted by law TO
: such corporations; shall have the power
r to contract, sue and he sued in its cor
: porate name, to make and use a corporate
seal, and the same to break and alter at
A pleasure; to buy, own, hold. lease. receive
4 convey. mortgage. hypOtheCatc OF pledge
property. both real, personal and mixed,
n to issue bonds, notes and other publica-
Q tiOns, to have, engage and employ such
$ officers, managers and employees as the
Q business interests and convenience Of the
= corporation may require; to make. adopt
or establish such bylaws. rules and regu-
3 latiOns in the corporate name, not repug
nant to the laws of the State of Louisiana,
K or other States, Territories or possessions
n of the United States or foreign countries
; | in which they engage In business, or the
: charter of this corporation or the manage
2 ment of this corporations affairs, as the
Z stockholders and board of directors may
/, deem necessary and eXpedient.
ARTICLE V-The capital stock of this
n corporation shall be ten thousand dollars.
n | represented by one hundred shares of
: stock of the par value of one hundred dol
n | lars per share. The stock shall be paid
; ! for in cash when subscribed for, or j;
r may be issued at not less than par Ill
d payment for property actually received.
a ARTICLE VI-This corporation shall
begin business and be a going concern as
A soon as five thousand dollars of stock
shall have been subscribed for. Said capt.
tai stock may be increased up to the sum
of ten thousand dollars in any manner
provided for by laws of this state, and
whenever an increase of said capital stock
shall have been authorized, fifteen days
written notice shall be given to each
/, stakeholder within which time the present
: stockholders in the corporation shall have
: the right to subscribe to said increase ol
:, stock in proportion to the number OF
y shares of stock held by them, and which
y shares shall be paid for at such time and
in such manner as the board of directors
70 may direct. After the expiration OF th'
said subscription and payment. the boart
of directors may dispose of the shares mo-
taken for the benefit of the corporation
. in such manner as they may think proper
a at not less than par.
m ARTICLE VII-All transfers Of stool
r shall be made on the books of the corpora
ton by surrendering the certificate there
of to the presiding officer, who shall writ
q the word cancelled" prominently across
the face thereof. and erase the president
- signature therefrom before issuing new
T. certificate.
ARTICLE vIII-At all elections by. o
G. meetings of. the stockholders, each shar
= shall be entitled to one vote, to be cas-
;, either by the person in whose name TIA
-, stock appears on the books of this cor
!! poration at the time of voting. or by a
60 attorney holding said stockholders writ
90 ten proxy.
10 ARTICLE IX-The business and col
i porate affairs of this corporation shall 0
transacted by a board of directors of nc
eu less than three directors, nor more ia
Is five directors, 70 be composed of stocf
holders thereof, and they, and each
10 them. shall be elected at meeting to I
held for that purpose. Any vacancies !
a the board of directors so elected shall
:" filed by the said board of directors.
I'd Sol Miller, Sol II. Levi and Il.
sh Schwarz, all residents of the CITY OF Ne
he Orleans, Louisiana, shall constitute III
st first board of directors, and shall hOl
IS office until the first Monday in Januar!
in 1928 or until their successors are electe
be and qualified, and each subsequent boar
b. shall have their seats Immediately follow
he ing the election. or as soon thereafter q
practicable and shall hold their ohiC
es until their successors shall nave bee
5; elected and qualified. The directors here
Sc inaboye named shall elect their own off
nd GERS The stockholders may at any tim
'r, appoint the two additional directors pro
Is vided for in this charter TO serve cor
e. currently with the other directors herel
nd named. On January list, 1913, and an
nually thereafter, an election for director
ed by the stockholders shall be held at tn
ty office of the corporation, after fiftee
r. days notice thereof shall have been give
ce by notice mailed to each stockholder
ii his last known address. Every board
he directors shall, at its first meeting afte
mt its election, or as soon thereafter as prat
MI ticable elect from their own number
he president and q treasurer. The board {
of directors shall also elect secretary WI
mt may, or may not, be MEMBER Oh III
RS board. The office of the secretary an
treasurer may be filled by one and I'll
r. same person. at the discretion of n
of board A failure to elect directors on IN
n date above specified shall not dissolve IN
of corporation but the then existing boar
It's of directors shall continue in Office unit
nd their successors are elected. Fifteen day
to prior notice shall be given in the mannt
Ill hereinabOve provided, which notice, sha
If be full and complete notice to all stocl
ny holders of such meeting. Any dlrectt
he shall have the right to be represented
ed any meeting of the board of directors
all this corporation by an attorney holdin
mt the directors written proxy. The m;
e. | iority of the members Of said board or q
v | rectors shall constitute quorum Tor III
We transaction and management OF all Dus
RS ness of said corporation. They may mar
he suchI bylaws, rules and regulations
u | they think proper for the transaction
by the business and affairs of said corpori
be ton. .
sr- ARTICLE X-This act of incorporate
may be changed, modified or altered, /,
he said corporation may be dissolved VIII
r. the assent of three fourths of the amour
cd | of stock present or represented at al
by general meeting Of the stockholders
said corporation, convened for that pu
Ter pose. after previous notice given in u
m manner hereinabove set forth in Artlc
nv IN. But any and all meetings of stocl
ue holders, whether for the purpose OF ilqu
by dation or for any purpose may be held
notice nv unanlmOl