Greene County herald. (Leakesville, Miss.) 1898-current, 1903-04-03
Charter of Incorporation of
the Leaf Drug Go. +

Article First. Be IL known that James Faux
Henry Faulk = and such other persons as may
hereafter become associated with them. their
successors anb assigns be and they are here
by created body polite and corporate under
the name aud style of the Leaf Drug Company
and by that name may sue and be sued. plead
and be impleaded defend and be Defended in
all the courts OF Law and Equity in this state
and elsewhere. and may have and adopt
common seal and break or alter same at pleas
urc.
Article Second. The domicile OF said cor
Doration shall be Mt Leaf in the County OF
Greene. State of Mississippi and shall exist
and have succession fora period OF fifty years
unless sooner dissolved by the stock holders
at a meeting legally called for that purpose.
Article Third. The purposes for which the
said Corporation is created Is TO carry On and
conduct general Drug and Livery business.
and to this end 1t may buy and sell such things
~ are usual and necessary N the coduct OF such
business fill and compound prescriptions.
II may buy sell tgade and let for hire. hor-
Sos. mules o. vehicles. AID shall have power
10 purchase. acquire and hold property real.
personal and mixed necessary for its business
not exceeding in value the amount fixed by
Law and may lease convey and dispose OF the
name; may borrow money and secure its pay
ment by mortgage or otherwise and shall have
and enjoy all other privileges, rights and i'm
mnnities, consistent withits purpose granted
10 corporationsb y Chapter Is OF the annotated
Code 1892 and the amendments thereof.
Article Fourth The earasal siocksof said
Corporation shall be Five Thousand Dollars
divided into shares OF the par value OF One
Hundred Dollars each but said Corporation
may begin business when Two Thousand 81
its capital stock. in cash or property has
been subscribed ard paid in
Article Fifth. The duties. obligation and
authority usually eonfcred upon president
Secretary and Treasurer shall all be conferred
upon and vested in general manager who
shall be elected in such manner aud for such
term Of Office and receive such compensation
~ the stockholders may providc.
The stockholders shall constitute the board
of directors and may adopt all rules. bye Laws
and regulations. not inconsistunt with Law
and may repeal or amend same at pleasure. A
vacancy occurring in the office OF manager
may be filled by majority vote of the stock
| holders at a regular or special meeting
Amajority vote OF Stockholders shall con-
stitute n quorum for the transaction OF BUSH
ness Of the Corporation.
Article Sixth. The manager shall have
supervision over the business OF said corpo-
ration and shall preside ut all meetings OF the
stock holders. may receive and receipt for mon
ey and do all things necessary for the conduct
Of said business subject to the rules and bye
laws OF the corporation.
Article Seventh. The Corporation or it's
members shall FIRST have the right to purchase
| its own stock and should any stock holders at
any timic wish to sell q part or the whole Of
his holdings of same he shall thirty days be-
fore such sale offer it. in writing through the
manager to the corporation which shall have
the first right of retention at the price NAM
ed in the offer,an should the corporation fail
to buy same then thePriyilixe shall vest in
any stockholder who may desire. Should the
corporation and Stockholders both refuse to
Guy, then said stock may be offerea 10 All out
siders but never At lower price than which It
was proffered the corporation and stockfold-
ers.
Article Eight The first meeting for the or
gsnization OF the corporation may be held at
any time and place BIZ mutual consent of all
persons named here In. II there be q majority
of the incorporators present at said meeting.
they may proceed to organize by opening the
books for subscription to the capital stock
and adopting bye Laws. rules ect. for the reg
ulation and government OF said Corporation
and By electing manager thereof for suvh time
rs shall be determined. by said Stock holders
and may do such other things IS may be nec-
essary for the organization Of said Corpora
ton in . full and complete manner
Article ninth This Charter of Incorporation
shall take effect and be in force from and af
ter fits approval by the Governor Of thu State
OF Mississippi. Feb 18th 1903
Witness our signatures this 18th
day of Feb'ry 1908.
James Faulk
Henry Faulk.