Greene County herald. (Leakesville, Miss.) 1898-current, 1901-12-27

of the approval of this Charter by the
Governor of the State of Mississippi
unless sooner dissolved by the vote
and approval of three-fourths OF its
stockholders, and may purchase or
otherwise acquire, have, hold aud en-
ioy OF connect with other Telephone
lines or branch lines besides its own
lines not exceeding in value or amount
the limit fixed by law as may be re-
quired for the purpose sor which this
organization is formed; and shall
possess all the rights, powers, and
privileges which Corporations OF this
character under the general laws OF
the State of Mississippi are authorized
to possess or exercise.
Aeticle III. The domicile OF this
Corporation shall be at Merrill Greene
County, Mississippi.
Article III. The capital stock OF
this Corporation shall be five hundred
dollars ($500.00) with the privilege of
increasing same to one thousand 5ol
lars (100O.O0) to be divided into share
of ten dollars $1,000 each. When
three hundred dollars of said stock
has been subscribed and paid in and
the balance of the five hundred dollars
duly subscribed, said Corporation
may begin business. The balance of
said subscriptions shall be paid in at
the call of the directors OF said Cor
poration, the undersigned however
having the privilege of having all the
said capital stock subscribed and fully
paid before business is commenced.
Article Nv. The objects and pur-
poses of this Corporation are hereby
declared to be; to own and operate
Telephone line commencing at main
Office in Merrill and running along
side Merrill and Leakesville road to
e. Rose store at mouth Big Creek,
from there on along side same road to
W. P. Rhinehart's store, and from
there on to Leakesville via residence
of Jas. II. Turner; said line terminal
ing at Faulk's drug store in Leakes
vile; also to own and operate branch
lines emenating from any part of their
said main line as hereinbefore de.
scribed, and to connect with other
private or other Company's lines with
in Greene County, Mississippi, and to
maintain Telephone exchange in both
Towns Of Merrill and Leakdsville,
said building, acquisition and connect
ion with branch, private or other
lines, only to be done
where it's neemed necessary and expe
dent for the successful execution of
the business for which this Company
is formed.
Article V. The Corporate powers
of this Corporation shall be vested in
a board of not less than thee nor
more than five directors, each of
whom shall be stockholders in said
Company who shall be elected by the
stockholders as soon after the approval
of this Charter by the Governor as
they may see fit, ten days notice first
being given to each stockhlder of
said meeting; and annually thereafter
on the first Monday of February each
year. The board of directors at their
first meeting and annually thereafter
following each election Of stockhold-
ers, shall organize by electinga Pres
ldent, Vice President, Secretary and
treasurer, provided that the offices of
Secretary and Treasurer may be filled
by the same person, Vacancies oc-
curing on the board of directors may
be filed by the stockholders at an
election for that purpose ON ten days
notice first being given each person
then holding stock as shown by the
books of the said Company. A ma
jority of said board shall constitute
quorum; said board of directors may
appoint form time to time, also dis
miss at their pleasure such officers.
agents, clerks and other employees as
they may deem necessary for the pur-
poses of the Corporation.
Article vi. Said Corporation shall
establish all necessary bylaws, rules
and regulations not contrary to law
and amend alter or repeal same at
their pleasure, and shall have Cor
porate seal.
Article VII. Each stakeholder in
said Corporation shall be entitled to
one vote for each share of stock held
by him, to be cast by owner or by
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