Greene County herald. (Leakesville, Miss.) 1898-current, 1903-04-10
Charter OF Incorporation of
the Leaf Drug Co.

Article First. Be it known that James Faux
Henry Faux = 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 anc be sued plead
and be implicated, 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
ure.
Article Second, The douicile of said cor
poration shall be at 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 n nesting 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 it may buy and sell such things
are usual and necessary N the coduct of such
business iii and compound prescriptions.
1t may buy, sell. trade and let for hire. hor-
SEES. mules or vehicles. ard shall have power
to purchase acquire and hold property real,
personal and mixed necessary for It's business
Law and may lease. convey and dispose of the
name; may borrow money and secure It's pay
ment bJ mortgage or otherwise and shall have
and enjoy al other privileges rights ard i'm
mnnitlts, consistent with It's purpose granted
TO corporations by Chapter IS Of the annot..ted
Code laes ana the amendments thereof.
Article Fourth. The carital stock of said
hnii ba
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 and Treasurer shah al be conferred
upon anu vested in o general manager, who
shall be elected in such manner ana for such
term OF Office and receive such compensation
as the stockholders may provide.
The stockholders shall constitute the board
OF directors and may adopt all rules. bye-Laws
and regulations not Inconsistent with Law
aud may repeal or amend SAM at pleasure.
vacancy occurring in the office OF manager
may be filled b. majority vote of the stock
holders At regular special meeting
A majority vote Of stock holders shall con
stitute quorum for 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 msetinGs of the
stock -AoiderS, may receive and recelptfor mon
ey and do Ell things necessary for the conduct
OF said business subject TO the II / S and BYE
laws OF the CORPORATION.
Article Seven h. The Corporation or its
members shall first have the right to purchase
its own stock and should any stock holders az
any tirne wish to sell 4 tart or the whole CT
his holdings OF same he shall thirty days be-
fore such sale offer il. in writing through the
manager to the corporation which shall have
the first right Of retention at the price nam
ed in the oifcr.anq shosld the corporation fail
to buy same then the privilege shall vest n
any stakeholder who may desire Should the
corporation and stockholders both refuse TO
Guy then said stock may be ofsereq to an out
sisiers but never at u lower price than which it
was proffered the corporation and stoclhold-
ers,
Article Eight The first meeting for the or
ganizltion 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 incorporators present at said meeting.
they mag proceed to organize BY opening the
books for subscription to the capital stock
and adopting hye-L Laws, rules Get. for the reg
ulation and government of said Corporation
and by electing manager thereof for such time
as Shall be determined. by said Stock holders
and may do such other things as may be nee
essary for the organization OF ssia Corpora
ton in full and complete manner
Article ninth This Charter OF incorporation
shall take effect and be in force from and at
ter It's approval BY the Governor OF tho State
Of Mississippi. Feb. .5tb 1903
Witness our signatures this 18th
day of Feb'ry 1908.
James Faux