The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1883-06-23
Ths Charter: 'e,tIpcorporatiepl
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The Grenada Oi[sConIprpSS
COMPANY. &.

Inv VIZ = ~ " = II IL
COMPANY.
"a. The Corporation is created for, the
purpose CT establishing, erecting and cons
ducting Factory IN the town Of Grenada,
Grena da county Mississippi, for the man. ;.
ufacture Of Oils of any kind and TO gin seed
cotton and to convert, reduce and manus
factnre cotton seed and seed cotton into
any form. or condition for sale, use or cons
sumption, and to use, deal in or dispose Of
the same, and also to bale, press and com.
press cotton and to manufacture for use or
sale. e..hoops, slaves, hogsheads, barrels kegs
or wood wareor wooden vessels Of any
kind, and to own or employ vehicles, ani>
mails, steamboats, or other water craft and
other means Of transporting materials,
goods and other property. AZ
+ z. The names of the persons Incorporat.
'ediare J. W. CALDWELL R. P. Lake, John
D. Mllburn, John Powell, Wm. Mcswine.
8. The Corporate name by which the
Corporation is to be known shall be 1.-THE
Grenada Oil And Compress Company
4. The powers to be exercised by SAID
Corporation shall be the following, to wit:
The power to manufacture oils of any kind
and to gin seed cotton and to convert, re-
duce and manufacture cotton seed and
seed cotton intoany form or condition fer
sale, use or consumption, and TO use, deal
in or dispose Of the same and the power
TO bale, press and compress cotton for its
own purposes OF for other persons for COM
pensafion ant the power to manufacture
for its own use; or for sale, hoops, slaves,
bogsheads, barrels, kegs, wood ware or
wooden vessels of any kind and the pow
er to own or employ vehicles, animals,
steamboats, or other water craft and other
means of transporting materials, goods
and other property, and 10 fix and collect
its charges for its goods, wares, oils and
other articles and for its services. And
the said Corporation shall also have all the
powers privileges, immunities and authors
ity provided for or granted to Corpora
lions created or authorized by chapter 5S
of the Revised Code Of Mississippi Of 1880,
and the amendment thereto passed by the
Legislature of Mississippi and approved
March 1882, being chapter XXVI, on
pages SO, 81, of the session acts Of 1882,
entitled "An Act TO extend the provisions
Of chapter 38 CT the code of 1880 in relation
TO Corporations and other associations and
for other purposes )" and shall have all the
powers and be authorized to do all acts OF
any kind which may be necessary, proper
or incident to the establishment erection
or Management Of the factory aforesaid
and for carrying out the purpose thereof
not Inconsistent with the constitution ana
laws Of the State Of Mississippi or of the
United States, and shall have all the pew
RS, rights, privileges, immunitios and ex>
emptions granted or conferred by an act Of
The Legislature of the State Of Mississippi
approved March Q, 1882, found on pages "a
IS, at the session acts of 1882, being chap
ter, XLiX, thereof and entitled "An Act to
ncourage the establishment of Factories
n this State and to exempt them from
iaXation.T u4 5n.r IFS .4seIt It,...,. a....
5. Wheci stock to the amount Of thirty
thousand dollars has beea subscribed and
ne half thereof has been paid in, the Coz,
poration shall be considered rs organized
the shares of stock shall he one hundred
dollars each, and each STARE shall entitlt
he holder thereof, to one vote at any stock.
,olders meeting, to be cast by the share.
holder ia person or by proxy; certificates
shall be issued for the stock which shall b,
transferable according tosthe By Laws o.
he Company. 7#af u,Ht .4!G .&itlsa
6. The business of the Corporation sbal
be managed and controlled by FIVE Iirec,
tors who shall be chosen annually from til,
Stockholders and shall annually elect on,
Of their uumber as President, and they
sha II hold their Offices until their, success.
sors are elected and qualified Three Of
said Directors shall constitute Il quorum
or the tran nsaction of business, and vacan.
cies in the Board may be file by the re.
manning members. The domcile of the
Corporation shall be the town OF Grenada
aforesaid. ""'i "i,s%H.I 4i ae. &.
T: Uatl the first election of Directors is
heli the affairs Of the Corporation shall b,
managed by ihe five individual 'stockhol.
ders hayiag the largest number Of shares
who shall have all the powers and author.
ity of directors chosen by tie stockhoD.
ders. ANY two Of the Corporat0rs named
missoners TO take gu subscriptions to the chp.
ital stock, until the Corporation becomes
an organized body, and thereafter subscrip.
tions shall be taken according to such by
Laws as the Directors may make on the
subject. Ma4 a54afbsl +#s.t fta1.
s. No Stockholders ofll,is Company shall
ever be liable or responsible for the con-
trnets liabilities or debt 4 of tha comm v