Greene County herald. (Leakesville, Miss.) 1898-current, 1901-07-19
The CHARTER OF THE O'NEAI.-
THOMPSON co.

n. Thompson, by virtue of theSro-
visions of Chapter twenty five (3b) Of
the Annotated Code of the gate of
Mississippi, and the Acts amShdatory
thereof do hereby organize Nd found
corporation for the objects and pur-
poses hereinafter cnumera6 ga; and to
that end and purpose, hey do by
these presents, with the approval Of
the governor of the stat of Missis-
sippi, form and constitute themselves
and all such other pers6s ~ may
hereafter become associdk led with
them, whether by purchase, esoenk
subscription, or otherwise, Ato a
body polite and corporate In Mw.
1nder the following articles Of SAID
corporStion, to-wit:
Article 1.-The name and style Of
this corporation shall be the O'Neoi-
Thompson Company, and in that
name shall exist for the period Of
fifty years from the. date Of the, APP
prevail of this charter, unless sooner
dissolved by thesvote and approval Of
three-fourths Of it's stockholders, and
may by purchase, or otherwise, ac-
quire, haye, hold, and enjoy such real
and person property not exceeding in
valuefor amount the limit fixed by
law, as may be required for the pur-
poses for which this organization is
formed; and shall possesa all the
rights, powers shnd privileges which
corporations upder the general laws
of the state Of Mississippi are author
lied to exercise or possess.
Article 2.-sThe domicile of this cor
poration sh4l be at Leaf, Greene
county, Mississippi.
Article 3. aThe capital stock of this
corporation fs hereby fixed at Fifty
Thousand DSllars $50, 900. O0) and di-
vided into fife hundred shares (5oo)
shares Of one hundred dollars
ts1OO. COY eadh. AS soon as this char
ter shall be approved, the said M. j.
O'Neal, Edward Thompson, and III.
Thompson shall open books of SUBJ
scription to the capital stock of said
company, and when five thousand dol
lars go, 900. 00) of stock shall have
been subscribed and paid in, meet
ing of the stockholders shall be
called, of which meeting all sub
soribers to the capital stock of said
company shall be notified, and at such
meeting the stockholders shall elect
three directors who shall serve rs
such until the second Wednesday In
January A. D. 1901.
Article 4.-The objects and purposes
of this corporation are hereby de-
clared to be the carrying on, at such
place or places as the board of direo-
tors may select, general mercantile
business and also the buying and SELL
ing of saw logs, the manufacture and
sale of lumber and timber, spirits OF
turpentine, rosin and other naval
stores.
Article 5.-The corporate powers Of
this corporation shall be vested in q
board of three directors, each of whom
shall be a stakeholder in said compa-
ny, who shall be elected by the stock
holders within sixty days after the
approval of this charter, and on the
second Wednesday in January of each
year. Elections shall be by ballot,
and each stakeholder shall be entitled
to one vote for each share Of stock
held by him, to be cast by the owner,
or by proxy. The board of directors,
at their first meeting, and annually
thereafter following each election OF
stock holders, shall organize by elect
ing a president, a vice president, and
a secretary and treasurer, provided
that the office of secretary and treas
urer may be held by the same person.
Vacancies occurring on the board of
directors may be filed by tho stock
holders at an election to be hold for
that purpose on ten days notice to be
given to each of the persons, then
holding stock as shown by the books
of the company. A majority of said
board shall constitute quorum. Said
board of directors may appoint, from
time to time, and may dismiss at
their pleasure such officers, agents,
clerks, and other employees rs they
may deem necessary fer the purposes
of the corporation; they may cstab-
lish, as we'll as alter and amend all
by laws, rules and regulations as may
be necessary and proper for the bust
ness of the corporation.
In witness whereof, the said incor-
porators have hereunto set their
hands the day and year first above
written.
M. J. O'NEAL,
L. L. THOMPSON,
]. II. THOMPSON.
SALE-BRIDGE CONTRACT.