Greene County herald. (Leakesville, Miss.) 1898-current, 1901-07-05
THE CHARTER OF THE O'NEAI.-
THOMPSON co.

| day OF september, A. IL. lvVJ' NJ. y.
O'Neal, Edward Thompson, and ].
H. Thompson, by virtue OF the pro-.
visions of Chapter twenty five (25) Of
the Annotated Code of the state OF
Mississippi, and the Acts amendatory
| thereof do hereby organize and found
corporation for the objects and pur-
poses hereinafter enumerated; and to
that end and purpose, they do by
these presents, with the approval OF
| the governor of the state of Missis-
sippi, form and constitute themselves
and all such other persons as may
hereafter become associated with
them, whether by purchase, descent,
subscription, or otherwise, into q
body politic and corporate in law,
under the following articles Of said
corpons ton, to-wit:
Article 1.-The name and style Of
this corporation shall be the 0 Neal
Thompson Company, aud in that
name shall exist for the period Of
fifty years from the date of the ap-
prevail of this charter, unless sooner
dissolved by the vote and approval OF
three-fourths of its stockholders, and
may by purchase or otherwise, &C
quire, have, hold, and enjoy such real
and person property not exceeding in
value or amount the limit fixed by
law, as may be required for the pur-
poses for which this organization is
formed; and shall possess all the
rights, powers and privileges which
corporations under the general laws
of the state of Mississippi are author
lied to exercise or possess.
Article 2.-The domicile of this COR
poration shall be at Leaf, Greene
county, Mississippi.
Article S.-The capital stock of this
corporation is hereby fixed at Fifty
Thousand Dollars $3.50, 600. 0O) and di-
vided into five hundred shares (500)
shares of one hundred dollars
($100. 00) each. AS soon as this char
ter shall be approved, the said NJ. ].
O'Neal, Edward Thompson, and J.H.
Thompson shall open books of SUBJ
scription to the capital stock of said
company, and when five thousand dol
lars (s3, 00O.0O of stock shall have
been subscribed and paid in, meet
ing of the stockholders shall be
called, Of which meeting all sub
scribers to the capital stock of said
company shall be notified, and at such
meeting the stockholders shall elect
three directors who shall serve as
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 suoh
place or places as the board of direc-
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 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 stockholder 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
stockholders, shall organize by elect
ing president, vice president, and
q 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 the stock
holders at an election to be held 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 as they
may deem necessary for the purposes
of the corporation they may estab-
lish, as we'll as alter and amend all
BYLAWS, 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,
! E. L. THOMPSON,
J. II. THOMPSON