Greene County herald. (Leakesville, Miss.) 1898-current, 1902-11-28
Charter Of Incorporation of the
Lucsdale Commercial
Company

Dc III Known tiiib OH t!hS the Ii III
day of October, A. ID. 19t2, that ].
NJ. Kennedy, Gregory NJ. Luce, H.
Young and T. M. Young. by virtue
OF the provisions OF Chapter Twenty
Five (25) of the Anncted Code of tne
Strife OF Mississippi, and the acts
laiaendatory thereof. Go hereby organ
ize and found q corporation for the
objects and purposes hcreinatterc emu
ilicra:ed: and 10 that end and purpose
they Go By these presents, with the
approval OF the Governor IF the S5arc
OF Mississippi, form and constitute
themselves, and such lsersons as Iiay
hereafter become associated with
them into 4 body polite and c5lai:5l.
ate II law, under the fol.Dmile atti-
lcieSof the ciia;-;ec CT sad Corporation
! to-wit:
ARTICLE FIRST. The namc ana
style OF this corporation shall be the
lLuCEDALE COMMERCIAL COM
PAN Z, aud ia ttiat liame Il SHALL ok
list for fifty years, unless sooner dis
solved by'a majority OF its stoekhold-
ers; and may by purchase acquire.
have, hold aud enjoy such reIt and
personal property tnot in excess OF
the limit 6xed by law upon corpora
tions OF this characier) as may be re
cessary or requisite for the purpose
for which tbs organization is found
cd; and shall in addition possess all
the rights and powers which corpo-
rltions under the geaal laws OF the
general laws Of the State of Missis-
sipll are authorized to exercise or
possess.
ARTICLE SECOND. The dom;cile of
this corporation shall beat Lucedale,
Greene County, Mississippi
ARTCEE THIRD. The capital stock
of this corporation is hereby fixed a;
Twenty Five Thousand (sZ5, 900 Dol
lars, divided into two hundred and
fifty shares of One Hundted Dollars
($IUuD each, and the corporation shall
be authorized To beg n business when
Five Thousand Dollars t5DOU) of the
stock shall have been subscribed and
| pad for.
ARTICLE FOURTH. The objects and
purposes OF this corporation are here
by declaredto he to carry on ut Luce
da'e, Mississippi, and at such other
places as lile Directors may elect, a
general mercantile business, and to
| do and perform all such lawful acts
and things as may be necessary or
lexledient IN conducting SAID bust
ness.
ARTICLE Firth. The corporate
powers of this corporation shall be
vested in q Board of Five Directors,
who shall be elected by the stock
holders within sky days after the
appproyal OF. .th.s charter, and on
| iM Third Monday in October, 1913,
and ANNUALLY thereafter on the Third
Monday in October, IN each year
| The board Of directors ut their nrst
Injecting, and annually thereafter TO-
lowing every election of stockholders
/ shall organ re by e.ect;ng as Pres
dent, Vice Presidenl. Secretary and
Treasurer, provided that the two last
| fees may be held by The same per
sons. Vacancies on the qoard OF di-
lrectors shall be fled by tho stock
holders at q spec al election to b held
| for that purpose on ten days written
uotice to each stakeholder. A M; or-
lily of the board Of directors shall
constitute q quorum, and they may
establish as well as alter and amend
such bylaws. rules and regulations
as may be deemed necessary and
proper for the bps ness Of the ovpo-
ration All dirpeffr< ases.fpd @has(