Greene County herald. (Leakesville, Miss.) 1898-current, 1902-01-10
CHARTER OF INCORPORATION
of the
]. Fl. TURNER g. COMPANY.

Lord, 1901, James II. Turner, Lulu L.
Breland, David r. Williams and
James Faux, by virtue of the provis.
ions 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 a. may
hereafter become associated with
them whether by purchase, descent,
subscription or otherwise into body
politio and corporate in law under
the following articles of the Charter
Of said corporation, to-wit:
Article 1.-The name and style Of
this corporation shall be the J. Fl.
Turner and Company and In that
name shall exist for period Of fifty
years from the date of the approval
Of this charter by the governor of the
State of Mississippi unless sooner dis
solved by the vote and approval of
three fourths of its stockholders, and
may purchase, or otherwise acquire,
have, hold and enjoy snoh 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 possess all the
rights, powers and privileges which
corporations under the general laws
Of the state Of Mississippi are au-
thorized to exercise or possess.
Article 2-The domicile of this cor
poration shall be at Leakesville,
Greene county, Mississippi.
Article s-The capital stock of said
corporation shall be Four Thousand
Dollars "a, 900. oo), with the privilege
Of increasing to Twelve Thousand
Dollars ($l2, 900. 00), to be divided
into shares of One Hundred Dollars
($100. 00) each. When Three Thou
sand Dollars (s3, 900. 00) of the capital
stock has been paid in, and the bal
ance of the Four Thousand Dollars
duly subscribed, said corporation may
begin business. The balance Of said
subscriptions shall be paid at the call
Of the directors of said corporation,
she undersigned. however having the
privilege Of having all of said capital
stock subscribed and fully paid In be-
fore business is commenced.
Article 1.-The object and purposes
Of this corporation are hereby de-
clared to be; to own and operate
general merchandise business, to en-
gage in the purchase, sale and manu-
facture of rosin and turpentine, to
purchase, own and ALLEVIATE lands, to do
q timber and logging business, and if
needed, expedient to operate saw and
planning mills and all necessary tram
and log roads, and to own and con-
troll such branch establishments to
other points within the state of Mis-
sissippi than said place Of its domi-
ollie. as may be deemed expedient in
the successful execution of its objects
and purposes.
Article 5-The corporate powers of
this corporation shall be vested in
board of not less than three nor more
than five directors, each of whom
shall be stockholders in said compa.
ny, who shall be elected by the stock
holders as soon after the approval of
this charter by the governor as they
may see fit, ten days notice first be-
ing given to each stakeholder of said
meeting and annually thereafter on
the first Monday of January each
year. The Board of Directors at
their first meeting and annually
thereafter following each election of
stockholders, shall organize by elect
ing president, vice president, SEQ
Rotary and treasurer, provided that
the Offices of secretary and treasurer
may be held by the same person.
Vacancies occurring on the Board
Of Directors may be filled by the
stockholders at an election held for
that purpose on ten days notice to
be given each person then holding
stock as shown by the books of said
company. A majority of said board
shall constitute quorum; said board
of directors may appoint from time
to time, also dismiss at their pleas
ure suoh officers, agents, clerks and
other employees as they may deem
necessary for the purposes of the COR
poration.
Article 6-Said corporation shall
establish all necessary bylaws, rules
and regulations not contrary to law
and amend, alter or repeal same ut
their pleasure, and shall have COR
porate seal.