Greene County herald. (Leakesville, Miss.) 1898-current, 1901-11-15
CHARTER OF INCORPORATION
OF THE "LEAF LAND
InMDtNU

day OF November, A. d. 1901, j. II.
thompson. VI. J O'Neal and E. l.
Thompson, by virtue of the provisions
of Chapter 25 of the Annotated Code
of the State ef Mississippi and tn,
Acts smendatory thereof, do hereby
organize and found corporation fol
the objects and purposes hereinafter
enumerated; and that to that end aud
purpose they do by these Presents,
with the approval Of the Governor oil
the State of Mississippi, form aud
constitute themselves and all such
other T., rsons as may hereafter become
associated with them, either by pur-
chase, descent, or otherwise, into a
body polite and corporate in law, I'M
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 (5O) years, unless
sooner dissolved by two-third's vo
of the stockholders, 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 g The domicile of this cor
pYration shall be at Leaf, Mississippi,
i'll the county of Greene.
Article 3. The capital stock of sal
corporation shall be Two Thousand
Dollars $4,000. 00), with the privilege
of increasing the same to Ten Thous-
apd Dollars $50, O0O0O), to be divid-
ed into shares of One Hundred Dol
airs (S100.CO) each. When Fifteen
Hundred Dollars ($1500 .00) 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 capt.
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 hay
ing all of said capital stock subscribed
and fully paid in before business is
commenced.
Article 4. The objects and pur-
poses OF this corporation are hereby
declared to be: buying, selling, leas.
ing and handling all kinds of lands.
with the privileges of building houses
anu ltullhS VIC Salhc hhu uOluS u
general land business, together with
everything that is incident to such a
business in order to make the same a
success.
Article 5. The corporate powers Of
his corporation shall be vested in
boar i OF three (3) directors, each of
whom shall be stockholde rs in said
compap y, who shall be elected by the
stockhot,1 ers within sixt, (60) days af-
ter the apl 'rovai of this charter, and
on the first Wednesday in Febru-
airy, 1902, an d annually thereafter on
the first We'd lesday in February of
each year. Th g 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 b ard
of Directors at their irst meeting and
annually thereafter following each
election of stock holders shall organ
ize by electing preside ut, vice-presi-
dent secretary and treasurer, provided
that the offices of secretary and treas
urer may be held by the So me person.
Vacancies occurring on the board of
directors may be filed by the sto k
holders at en- election held for that
purpose, on ten (10) days no tice, TO be
given to each person the holding
stock as shown by the books of said
company. A majority of said board
may constitute quorum; said board
of directors shall have full co ntrol and
charge of the business and manage
ment 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-
rators have hersunto set their bands
the day and year above written.