Greene County herald. (Leakesville, Miss.) 1898-current, 1903-03-06
Charter of Incorporation Of
the Leaf Drug Co.

Article First. BE il kao@n that James Fauik
Henry FAulk = and such other persons S. haay
hereafter become associated Eith them, their
SUCCESSORS ant assisas. be and tkey are besc
By creas ed q body police ind corporate uader
the nagnc aud stale o. the Leaf Drug Company
and hy that name may SIZE and be sued. plead
ard be impIeadea. defend ard Be befepded in
Ill tbs eoartS Of Law and Equity in this state
and else where. and may have ald adopt
canfnron seal and break o. astef saF,e al picas=
ure.
Article Second. The dasnicile CT said cor
poretien shall be at 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
ct a meeting leasily 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 it may buy ana sell such things
~ ere IN and nt sssslr in the duct OF such
business fill and compound prescriptions
1t max bug. SELL trade and let for hire hor-
scs mules or vehicles and shall have power
to purchase, acquire and held property real
personal and mixed necessary for its business
not exceeding in value the AMOUNT fixcd by
Law and m7y'lease, convey and dispose OF the
nansi may borrow Elopey and secure its pay
meEt by mortgage or otherwise and shall have
and eHjoy all other privileges, rights and inn
mnnities, consistent with its purpose granted
to corporations by Chapter s5 of the annotated
Code 1892 and the AMENDMENTS thereof,
ARTICLE Feurth.' The eapita1 stock OF said
Corporation shall be FIVE Thousand Dollars.
divided into shsres 81 the par yaine Of One
Hundred Dehsrs each: but said Corporation
nay begin business when Two ThouSana 6f
its capital stock, in cash or property has
been subscribed and paid in.
Article Fifth. The duties. obligation and
authority usually conferred upon u president
Secretary aud Treasurer shall al be conferred
upon and Vested in general manager. who
shall be elected in such manner and for such
term of Office and receive such compensation
as the stockholders may provide.
The stock holders shall constitute the board
of directors and may adept all rules. bye Laws
and regulations. net inconsistent with Law,
and may repeal or aniesd same at pleasure A
vacancy occuringin the office of manager
may be filled by majority vote of the stock
holders Ut a regular or special meetins
A majority vote OF stockholders shah con-
stitute II quorum Tor the transaction of bust
ness OF the Corporation.
Article Sixth. The manager shall have
supervision over the business of said corpo-
ration and shall preside at all meetings of the
stockholders, may receive and receipt for mon,
ey and Go all things necessary for the conduct
ofsaia business subject to the rules and bye
laws OF the corporation.
Article Seventh The GorPoration or its
members shall fEsst hays the right to purchase
its Own stock and shorld gay stock heIders at
any TIME wish to sell 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,anq should the corporation fail
TO buy same then the privilege shall vest In
any stqckhelaer who may desire. Should the
corporation and STOCKHOLDERS heth refuse to
Guy, then said stoes glay ae oifaFea to Oh ont.
siders but never at 4 lower price than which il
was proffered the corporation and stockhold-
erS.
Article Eight The first meeting for the or
ganization of the corporation may be held at
any time and place BY mutual consent of all
persons named here in. If there be n majority
of the incerporai9rs present at sad meetng
lhes may proceed to organize by opening the
books for subscription TO the capital stock
and adopting bye-laws. rules Get. for the reg
ulation and government of said Corporation
ans b. elce- Hgana- ager I e co. f5rsu h time
Us shall BE- determined. b. said Stockholders
and may do such Other things as may be nee
essary for the organization OF said Corpara-
ton IN full and complete manner
Article ninth This Charter af incorporation
shall take effect ana DC in force from end az
ter its approval by the Governor of the State
Of Mississippi. Feb. -25th 1903.