Greene County herald. (Leakesville, Miss.) 1898-current, 1901-11-29
CHARTER OF INCORPORATION
OF THE "LEAF LAND
COMPANY

Be it known that on this, the first
day Of November, A. d. 1901, J. II.
Thompson. NJ. J. O'Neal and f. L.
Thompson, by virtue of the provisions
of Chapter % OF the Annotated Code
OF the State Of Mississippi and the
Acts snlendatory thereof, do hereby
organize aud found corporation for
the objects and purposes hereinafter
enumerated; and that to that end and
purpose they do by these Presents,
with the approval of the Governor of
the State q Mississippi, form and
constitute Themselves and all snch
other persons as may hereafter become
associated with them, either by pur-
chase, descent, or Otherwise, into a
body polite and corporate in law, un-
der the following articles of the char
ter of said corporation, to wit:
Article l. The name Of said corpo-
ration shall be the Leaf Land Com
pany." and in that name shall exist
for term OF fifty (50l yeais, unless
sooner dissolved by a two-third's voe
Of the stock holders, and may pur-
chase, or otherwise acquire, have,
hold, and enjoy such real and person
al property, not exceeding in value
or amount the limit fixed by law, as
may be required for the purposes for
which this organization is formed; and
shall possess all the rights, powers
and privileges which corporations un-
der the general laws Of the State Of
Mississippi are authorized to exercise
and possess.
Article 2. The domicils Of this cor
poration shall be at Leaf, Mississippi,
in the county OF Greene.
Article 3. The capital stock Of sal /
corporation shall be Two Thousand
Dollars (s2O00.00), with the privilege
of increasing the same to Zen Thout-
and Dollars $50, 900. COY, to be divid-
ed into hares of One Hundr, d Dol
lars t$100.t0) each. When Fift Gu
Hundred Dollars (S1500 COY OF the
capital stock has been subscribed and
twenty-five per cent (25) of
the subscriptions paid in, said corpo-
ration may begin business. The bal
ance of said subscriptions to the capi-
tai stock Of said company shall be
paid in at the call Of the directors of
said corporation, the undersigned,
however, having the privilege of hav-
ing all Of said capital stock subscribed
and fully paid in before business is
commenced.
Article 4. The objects and pur-
poses of thisj corporation are hereby
dc clared to be: buying, selling, leas-
ing and handling all kinds Of lands.
with the privilege of building houses
and renting the same and doing
general land business, together with
everything that is incident to such
business in order to make the same q
success.
Article s. The corporate powers of
this corporation shall be vested in a
board of three ~ directors, each of
whom shall be stockholders in said
company, who shall be elected by the
within sixt. (60) days af
ter the approval of this charter, and
On the first Wednesday in Febru-
ary, 1902, and annually thereafter on
bhe first Wednesday in February Of
zach year. The election shall be by
ballot, and each stockholder shall be
entitled to one vote for each share of
stock held by him, to be cast by him
in person or by proxy. Said Board
Of Directors at their first meeting and
thereafter following each
election Of stockholders shall organ
re by slecting president, vice-presi-
lent secretary and treasurer, provided
hat the offices of secretary and treas
1rer may be held by the same person.
vacancies occurring on the board OF
directors may be filled by the sto k
FOLDERS at al election held for that
pa pose, ON ven (10) days notice. to De
given to each person then holding
stock as shown by the books of said
A majority of said board
nay constitute quorum; said board
If directors shall have full coatrol and
.harge of the business and manage
neut of the affairs of the company
subject to the restrictions OF this char
Ter and the bylaws of the corporation.
In witness whereof the said corpo-
tors have hereunto set their bands