Greene County herald. (Leakesville, Miss.) 1898-current, 1902-12-05
Charter Of Incorporation of the
Lucedate Commercial


lie 1t known that on TINS the lIth
day OF October, A. ID. 1902, that j.
NJ. Kennedy, Gregory N. Luce, III.
Young and +. III. Young, by virtue
of the provisions of Chapter Twenty
Five CO. OF She Annoted Code of tie
Strife of Mississippi, and the acts
amendatory Thereon. do hereby organ
ize and found q corporation for the
objects and purposes hereinafter emu
merated; and to that end AID purpose
they do by these presents, with the
approval Of the Governor Of the State
OF Mississippi, form and constitute
themselves, and such persons as may
hereafter become associated with
them into a body polite AID corror-
ate in law. under the following ss;.ti-
clesUt the chm terror sad Corporation
to-wit:
ARTICLE FIRST. Tie. name and
style of this corporation shall be the
LUCEDALE COMMERCIAL COM
PANY, and in that name it shall Ok
ist for fifty years, unless sooner dis
solved by majority of its stockhold-
ers; and may by purchase acquire,
have, hold and enjoy such real and
personal property (not IN excess of
the limit liked by law upon corpora
tions OF this characser) as may be ne
cessary or requisite for the purpose
for which this organization IS found
ed; and shall in addition possess all
the rights and powers which corpo-
rations under the genial laws OF the
general laws Of the State of EIissis-
sippi are authorized to exercise or
possess.
ARTICLE SECOND. The domicile Of
this corporation shall be at Lucedale,
Greene County, Mississippi.
ARTICLE TuIR3. The capital stock
of this corporation is hereby fixed at
Twenty Five Thousand t$23, 600 Dol
lars, divided into two hundred and
fifty shares of One Hundred Dollars
($lU0) each, and the corporation shall
be authorized to begin business when
Five Thousand Dollars (a0U0) Of the
stock shall have been subscribed and
paid for.
ARTICLE FoUETH. The objects and
purposes Of this corporation are here
b. declared to be to carry on at Luce
dale, Mississippi, and at such other
places as Abe Directors may elect, a
general mercantile business, and to
do and perform all such lawful acts
and things as may be necessary or
expedicGt in conducting said busi-
ness.
ARTICLE FIFTH. The corporate
powers of this corporation shall be
vested in Board of Five Directors,
who snail be elected by the stock
holders within sixty days after the
approval Of this Charter, and on
abe Third Monday in October, 1903,
and ANNUALLY thereafter ON the Third
Monday in October. IN each year.
The board OF directors at their first
meeting, and annually thereafter fol
lowing every election OF stockholders
shall organize by eiccting as Press
dent. Vice President. Secretary and
Treasurer, provided that the two last
offices may be held by the same per
soss. Vacancies on the qoard OF di-
rectors shall be filed by the stock
holders at special election to b. bed
for that purpose on ten days written
uofice. to each stakeholder A major
ity of the board of directors shall
constitute a quorum, and they may
establish us well as alter and amend
such bylaws, rules and regulations
as may be deemed necessary and
proper for the business of the eorpo-
ration. All directors elected shall
hold office until their successors are
elected
Witness our signatures the day and
year above written.
J. NJ KENNEDY, FL. You've,
GaEaoRy nj. LUCE, f. Nj. You're