Greene County herald. (Leakesville, Miss.) 1898-current, 1901-05-03

| this corporation shall be Inc DUAL
Lumber Company and in that name
shall exist for the period OF fifty (ooJ
years from the date of the approval
of this charter unless sooner dis
solved by the vote and approval OF
three-fourths of its stockholders, and
NAV purchase, or otherwise acquire,
have, hold and enjoy such real and
personal property, not exceeding IN
value or amount the limit fixed by
law, as may be required for the pur-
pose for which this organization is
formed; and shall fpossess all the
rights, powers and privileges which
corporations under the general laws
of the state of Mississippi are author
lied to exercise or possess: Wv
tArticle end. The domicile OF this
corporation shall be at Eubanks In
Greene county, Mississippi.
Article 3rd. The capital stock Of
this corporation is hereby fixed at
One Hundred Thousand Dollars
1900, 900. OO) divided into one thou
sand shares of one hundred dollars
$500 OO) each. AS soon as this char
ter shall be approved the said George
S. Leatherbury, Jr., W. B. Paterson,
W r. Green and Charles r. Hall
shall open books of subscription to
the stock of said company and when
TWENTY-FIVE thousand dollars OF stock
shall have been subscribed and paid
in. a meeting of the stockholders
shall be called, of which meeting all
subscribers shall be notified and at
which meeting the stockholders shall
elect three directors of said corpora
ton who shall serve as such until
January 1st, 1902.
Article 4th The objects and pur-
poses of this corporation are hereby
declared TO be the manufacture OF
lumber and timber, spirits OF turpen-
time. rosin and other naval stores, the
buving and selling of logs and the
CARRYING on at such place or places as
the Board of Directors may select OF
a general mercantile business.
Article 9Th. The corporate powers
of this corporation shall be vested IN
a 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 Wednesday in January 1902 and
annually thereafter on the first
Wednesday in January OF each
year. Election 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 owner or by
proxy.
The Board of Directors at their
irst meeting and annually thereafter,
following each election of stockhold-
rs shall organize by electing presi-
lent, vice president, secretary and
provided that the office of
and treasurer may be held
" the same person. Vacancies occur- !
ing on the Board of Directors may
)e filed by the stockholders at an |
election held for that purpose on ten
lays notcie to be given to each per-
,on then holding stock as shown by |
The books of said company. A ma |
jority of said board shall constitute a
quorum; said Board of Directors may
appoint from time to time, also dis
miss at their pleasure such officers,
clerks and other employees as they
may deem necessary for the purposes
of the corporation; they may estab-
fish as well as alter and amend all
bylaws, rules and regulations neces-
sary and proper for the business OF
the corporation.
All indebtedness by or to the cor
poration shall be made that it shall
be payable in any legal tender money
of the United States.
In witness whereof the said corpo-
rators have hereunto set their hands
this the day and year above written.
GEO. S. LEATHERBURY, JR.
W. F. GREEN,
W. B. PATERSON,
CHAS. R. HALL. tt