Greene County herald. (Leakesville, Miss.) 1898-current, 1903-03-20
Charter OF Incorporation of
the Leaf Drug Co.

Article First. Be it known that James Faux
Henry Faux - and such other persons a. may
hereafter become associated with them, their
successaFs Hnb assigns be Gnd they arc here
by created a body polite and corporate under
the name aud style of the Leaf Drug Company
and by that name may sue and be sGed plead
and be implicated. defend and be defended ia
all the courts OF Law AID Equity in this state
and else-whers. and may have and adopt
common seal and break or alter same at pleas
ure.
Article Second. The domicile of said cor
poration shall be at Leaf in the Connty 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 esllei for that purpose.
Article Third. The purposes for which the
said Corporation is created is to carry On and
conduct general Drug snd Livery business.
and to this end it may buy and sell such things
are usual and neeesss ryin the coduct OF such
business fill and compound prescriptions.
1t may 5uy. sell, trade AID lei for hire. hor-
ses. mules or vehicles. and shall have power
TO Purchase. acquire and hold property real.
personal and mixed necessary for It's business
not exceeding iH value the amount fixed by
Law and may lease. convey and dispose of the
na me: may borrow money and secure its pay
ment by mortgage or otherwise and shall have
nniiies consistent WITH il pnrbos. aEaI liza
TO corporations by Chapter 25 OF the annotated
Code 1892 and the amendments thereof
Article Fourth. The capital stock OF said
Cooperation 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 OF
Its capital stock. in cash or property. has
been subscribed and paid in.
Article Fifth. The duties. obligation and
authority uSually conferred upon president,
Secretary AID Treasurer shall all be conferred
upon AID vested in Il general manager, who
shall be elected in such manner and for such
term of Office and receive such compensation
rs the stockholders may provide.
The Stockholders shall constitute the board
Of directors and may adopt all rules bye Laws
and regulations, not iIe Jnsistant with Law
and may repeal or amend same at pleasure.
vacancy occurring in the office OF manager
may be filled by majority vote OF the stock
holders at q regular or special meeting
A majority vote of STOCKHOLDERS shall con-
stitute quorum for the transaction OF bust
ness OF the Corporation.
Article Sixth Fhe manager shall have
supervision over the business OF said corpo-
ration and shall preside at all meetings CT the
stockholders, 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 its
members shall first have the right to purchase
its own stock ard should any Stockholders at
any TIME wish to sell part or the whole OF
his holdings Of same be shall thirty days be-
fore such sale offer it. in writing through the
manager to the corporation which shall have
the firs, right or retention at the price nam
ed in the offer.anq should the corporation fail
10 buy same then the privilege shall vest in
any stockholder who may desire Should the
corporation and stockholders both refuse to
Guy, then said stock may be ofsereq to an out
siders but never at lower price than which it
was proffered the corporation and stockhod-
ers.
Article Eight. rhe first meeting for the or
i1nnization OF the corporation may be held at
any time and place By mutual consent OF all
persons named here in. II there be a majority
OF the incorporates present st "a d meeting,
they may proceed 10 organize by opening the
books for subscription to the capital stock
and adopting bye-LawS rules ect for the reg
uiation and government OF said Corporation
and by electing manager thereof for UGH time
as stall be determined. BY said Stockholders
and may do such other things may be nec-
essary for the organization Of said Corpora
tion in full and complete manner
Article ninth This Charter OF Incorporation
shall take sfseet sna be In force from and az
ter its approval by the Governor OF the State
OF Mississippi. Feb. e5th 1868.
Witness our signatures this 2Sth |
day of Feb'ry 1908.
James f'aglk
Henry FauIk.