The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-07-08

extent and uWbii such terms and conditions,
%, the proper Officers of Til, company may
from time 10 tine establish, Aud do All
other nets necessary aud con y"nirpi for To-
welfare and business of this company. Ani
said corporation shall have aud p,ss"ss ana
"mjny all rights. powers aud privileges rre.-
nt"d or conferred by chapter q. code Of veg.
aud amendments thereto.
SH. T. The capital stu"k ~ said company
shalt BE- twenty-five Thousand dollars, dl-
vId"d Into SiiHr's ~ one hundred dullhr,
"trlL And may u" increased ~ diminished
from time 10 time by vote" 81 Il maJpfliy az
stock IA al nfnruHt not exceeding hfty iiOp
sand, mn less than ten thousand lollhrS
-rc. 4 The management ~ said company
shall H. placed IN five directors. who shall i"
-tn"khoid"rs IN said company aud shalt -"
annually elected iy III" stockholders. Aud
u majority ~ said directors shall "oi,siilut"
n quorum for TIA" transaction Of business.
Iir, uumisr uf said directors may u" in
creased OF diminished by majority vni" 81
u" stockholders.
Spr, :. said directors may elect from their
unirf u president. Wee president aud
treasurer; aud may also appoint or eject
such other ptfifrr,. agents or employee, ~
they may deem proper said dlr"ri"rs "''hll
hold their office until their successors ar"
duly rl"ri"d anl qualified. And shall have
power 10 bIl vacancies IN their nuinh"r
cnis"d by death or resignation or o~ih"rgi,",
-rr. H. That iIi" said corporation shall
have power aud authority Ia max" any I1h
all uc'dfnl rules, by~laws and regulations
for ibr control and management of ~" bIHi-
u IS afalrs and property Of ,nid company.
and may from tim" tD time alter or rv"k"
10" SAINT. Ana shall pf's'rii" The 'Dpd".
manner aud terms nlpn which ~" stock ih1y
u" transferred; and To regulate aud control
aIl other questions In whirli said company
may H. Interested.
SO, T. That there shall he first Hen upon
the dividend ~ stock of every stakeholder Ia
secure the payment ~ any debt that may hr
due ia" company by said s'ocklpid"r. Ana
this Hen shall not H. Invested 10y any trans
far lyI,,ItITp the ..siptItsts ar truf,.f1Fyg las
or has not notice ~ such Indebtedness whirh
" secured.
sp. \ said company may apply said hiyi-
dciid to said Indebtedness due II by any
,~iocklioldor; and said company may also cn-
force said lien On said stock ny selling the
same ~ ten days notice published ~ som"
aud ., said sale the said company may bid
for said Stock any sum not exceeding It's par
value: and may issue new certificates for
stock ~ SDid. And when said stock Is ~
uurcIIg sod by said company ~ aforesaid. IL
may hold or disios" Of the same rs II may see
proper. -.
Sgc. y. That the annual meeting ~ tho
Stockholders shall be held ON the first Mon.
dry ~ Jun" each year. Aud that ~ said
annual m"riin. "lectipp ~ directors shall
tax" place. Aud IN all election, for dirrT'-
tors. and IN all other matters submitted Ia
III" stakeholder, each ~,torklpldcr shall lr
entitled to on" vote either In person ~ by
pfosy fpr "afi, share owned by him or her.
Ana No meeting 81 ,t'r,k'ioIdcrs ,unil '"'
rated rs n uunrum for business ullc-, holders
Of a majority NJ sl,ar"s " stock Ni,alll w. prt'-
oDl IN prrs,bn or proxy after Do,lcc giyni u,
pr" H'rflpd by bylaw, Of said corporation.
So ~. That at all e~iu'hIDld"rs' m'rtiu-,
the u,truf the majority of stock pr,'H''nt 10
p'r ON or by proxy shall decide Iil question,
submitted Ia said meeting.
So. II. That any two 1t said iirnr ,ybrt-
tors may open books Of subscription IN .i''
raptai stock NJ said COMPANY IA "lDn i"i
thousand t.i0.wn 90 ,ltilut, have be u ,Up~
arriIAd Ia mUiry or property san tpUupl =
shah o%rganizc, elect director arl 'pmpen'
business.