Greene County herald. (Leakesville, Miss.) 1898-current, 1901-10-25
CHARTER OF INCORPORATION
of the
DIAMOND LUMBER COMPANY

day of September in the year OF our
Lord. 1901, John o. Grisham, .. j.
Bexlev and Charles r. Hall, by virtue
of the provisions of chapter twenty
five 1851 of the Annotated Code OF
the state of Mississippi and the acts
amendatory thereof, do hereby organ
ize and found corporation for the
objects and purposes hereinafter emu
merated ;..and to that.end and purpose,
they do by these presents with the
approval of the Governor of the state
of Mississippi, form and constitute
themselves and all such other per-
sons as may hereafter become asso-
ciated with them, whether by pur--
chase, descent subscription or other
wise, into body polite. and corpo-
rate in law, under the following
articles of the charter of said corpo-
ration, to-wit:
Article 1.-The name and style Of
this corporation shall be Diamond
Lumber Company and in that naine'
shall exist for period of fifty years
from the date 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, Lave,
hold and enjoy such real and per-
sonal property not exceeding in value
or amount the limit fixed by law, as
may be required for the purpose for
which this organization is formed ),
and shall possess all the rights, pow
ers and privileges which corporations
under the general laws of the state OF
Mississippi are authorized to exercise
or possess.
Article 1.-THE domicile of this
corporation shall be at Bexley, Greene
county, Mississippi.
Article III-The capital stock Of
this cooperation is hereby fixed at
Twenty Five Thousand Dollars $685.,
900. 0o) divided into two hundred and
fifty shares of one hundred dollars
each. AS soon as this charter shall
be approved, the said John o. Grish-
am, j. j. Bexley and Chas. r. Hall
shall open books of subscription to-
the stock of said company and when
ten Thousand dollars stock shall have
been subscribed and paid in, meet
ing of the stock holders shall be
called, of which meeting all sub
scribers shall be notified and
at which meeting the stock
holders shall elect three directors Of
said corporation who shall serve as
such until the first Monday of Janu-
airy, 1902.
/ Article Nv The objects and pur-
poses of this corporation are hereby
declared to be the manufacture and
sale of lumber, timber, spirits of tur-
pentine, rosin and other naval stores,
the buying and selling of logs and
carrying on at such place or places OF
q general mercantile business that the
board of directors may select.
Article V-The corporate powers Of
this corporation shall be vested in q
board of three directors, each Of
whom shall be stockholders in said
company, who shall be elected by the
stockholders within sixty days after
the approval of this charter and on
the first Monday of January, 1909 and
annually thereafter on the first Mon
day in January of each year. Elec-
tions 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 owner or by proxy.
The Board of Directors at their first
meeting and annually thereafter fol-
lowing each election of stockholders
shall organize by election of presi-
dent, vice president, secretary and
treasurer, provided that the offices
of secretary and treasurer may be
held by the same person. Vacancies
occurring Oh the Board of Directors
may be filed by the stockholders at
an election held for that purpose on
ten days notice to be given to each
person then holding stock as shown
by the books of said company. 4
majority of said board shall consti-
tute quorum; said Board of Direo-
} tors may appoint from time to time,
also dismiss at their pleasure such
| officers, agents, clerks and other en-
ployees as they may deem necessary
for the purposes of the corporation !;
T: they may establish as we'll as alter
and amend all bylaws, rules and
regulations necessary and proper for
the business of the corporation.
: In witness whereof the said incor-
porators have hereunto set their
hands this the day and year first
: above written.
!: JNO. o. GRESHAM,