Greene County herald. (Leakesville, Miss.) 1898-current, 1901-12-06
CHARTER OF INCORPORATION
OF THE "LEAF LAND
COMPANY

|
day OF November, A. D. 1901, J. H.
Thompson. M. J. O'Neal and E. L.
thompson, by virtue of the provisions
OF Chapter 25 Of tho Annotated Code
OF the State OF Mississippi and the
Acts amendatory thereof, do hereby
organize and found corporation for
the objects and purposes hereinafter
enumeratedI and that 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 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 /. 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 vote
OF the stockholders, and may pulr-
chase, or otherwise acquire, have,
hold, and enjoy such real and person-
al property, not exceeding In value
or amount the limit hxed 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 I'M
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 8. The capital stock of sal
corporation shall be Two Thousand
Dollars $4,000. COY, with the privilege
of increasing the same to Ten Thous-
and Dollars $50, 0OO.OO), to be divid-
ed into thares of One Hundred Dol
lars ($100.C0) each. When Fifteen
Hundred Dollars (S1500.O0) of the
capital stock has been subscribed and
twenty 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 hav-
ing all Of said capital stock subscribed
and fully paid in before business is
commenced.
Article 4. The objects and pur-
poses of thisI.corporation are hereby
declared to be: buying, selling, leas-
ing and handling all kinds of lands.
with the privilege Of building houses
and renting the same and doing a
general land business, together with
everything that is incident to such a
business in order to make the same q
success.
Article 8. The corporate powers of
this corporation shall be vested in a
board of three (3) directors, each Of
whom shall be ,.stookholders in said
company, who shall be elected by the
stockholders within sixty (60) days af-
ter tho approval OF this charter, and
on tho Arst Wednesday in Febru-
airy, 1902, and annually thereafter on
the first Wednesday In February OF
each 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
annually thereafter following each
election of stockholders shall organ
ize by electing president, vice-presi-
dent secretary and treasurer, provided
that the offices of secretary and treas
urer may be held by the same person.
Vacancies occurring on the board OF
directors may be filed by the sto T.
holders at an election held for that
purpose. on ten Qo) days notice. to be
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 control and
.harge of the business and manage
nent of the affairs Of the company
subject to the restrictions Of this char
er and the bylaws Of the corporation.
In witness whereof the said corpo-
ators have hereunto set their bands
he day and year above written.
NJ. ], O'Neal,
per Rusfus O'Neal
n T. Thomaon