Greene County herald. (Leakesville, Miss.) 1898-current, 1903-03-27
Charter of Incorporation of
the Leaf Drug Co.

Article First. Be II known that James Faux
Henry Faulk = and such other persons * may
hereafter become associated with them. their
successors anb assigns. be and they are here
By created q 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 else where. and may have and adopt
common seal ana break or alter same at pleas
ure.
Article Second. The domicile OF said cor
poration shall be Mt Leaf In the County OF
Greene State OF Mississippi and shall exist
and have succession for period OF fifty years
unless sooner dissolved By the stock holders
At meeting legally called for that purpose.
Article Third. The purposes for which the
said Corporation Is created is TO carry On aud
conduct = general Drug and Livery business.
and TO this end 1t may buy and sell such things
rs are usual and necessary In the coduct OF such
business fill and compound prescriptions.
1t may buy sell. trade aud let for hire. hor-
ses mules or vehicles. and shall have power
to 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 otherwise and shall have
and enjoy all other privileges. rights and i'm
mnnities. consistent with its purpose g.anted
to corporations By Chapter rs OF the anpotzted
Code ls9. and the amendments thcr>--..
Article Fourth. The capital stock OF said
Corporation shah 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 a president
Secretary and Treasurer shall all be conferred
upon aud vested in a general manager. who
shall be- elected In such manner and for such
term of Office and receive such compensation
the stockholders may provide.
The stock holders shall constitute the board
Of directors and may adopt all rules. bye Laws
and regulations. not iuconsistant with Law.
and may repeal or amend same at pleasure. 4
vacancy occurring In the office OF manager"
may be filled by majority vote of the stock
holders VI a regular or special meeting
majority vote OF stockholders shall con-
stitute quorum for the transaction of BUSH
ness of the Corporation.
Article Sixth. The manager shall have
supervision over the business OF said eorpo-
ration and shall preside at all meetings OF 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 and should any stock hoIders At
any timie wish TO sell TART 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 first right Of retention at the price nam
ed In the offer ana should the corporation fail
to buy same then the privilege shall vest in
any stakeholder who may desire. Should the
corporation and stockholders both refuse to
GUY. then said stock may be ofscreq to ah out
siders but never ut lower price than which IL
proffered the corporation and stockhold
ers.
Article Eight The first meeting for the or
gspizafion OF the corporation may be held at
any time and place by mutual consent OF NIL
OF the incorporstors present at said meeting.
they may proceed to organize by opening the
books f,...-:ss>.Soription TO the capital stock
and sdoptir< bye Laws. rules ect. for the reg
ulation and government OF said Corporation
and by electing manager thereof for sus h time
as shall be determined. By said Stock holders
and may do such other things may be nec-
essary for the organization OF said Corpora
ton In . full and complete msnner
Article ninth This Charter Of incorporation
shall take effect and be in force from and az
ter its approval by the Governor OF thu State
OF Mississippi Feb. s5sh 1908 1i III
Witness our signatures this 18th
day of Fcb'ry 1903.
James Faux
Henry Faux.