The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-05-06
Thc Charter of Incorporation of the
Leland Oil Works.

Art ]. That Hermann Goepel, George w
Whceless, Robert Ernst, Mrs Josephine CasOI
stephen Ihra5her, and other associates who
may become stockholders he and are hereby
created body corporate aud polite by the
name and style Of the Leland OIL Works
for the purpose Of manufacturing oil Ofany klnl
| particularly cotton seed oil and It's productsl
Fertilizers soaps and other articles OF trade and
commerce in the manufacture of which the
buildings, machinery or any part thereof may
| be utilized The said corporation shall have
the power to refine its crude products should il
desire TO DO 80.
Art , The capital stock of said corporation
shall not be less than Fihy Thousand Dollars,
and shall not exceed the sum Of Two Hundred
and Fifty Thousand Dollars, the same TO be d.
yided INTO shares of one Hundred Dollars each,
and when the sum Of ZEN Thousand Dollars
shall have been paid in the said stockholders
may meet and elect their board of directors
Art. 3. The officers Of SAID corporation shall
be managed by board Of drectors, Il majority
of whom shall constitute a quorum, and they
shall elect President. and Secretary ana
Treasurer.
Art t. The said board Of directors shall have
fun and ample power 10 make all bylaws resu-
lating the time, place and manner OF the meet
ing Of the stockholders the election of the board
Of directors, and President, and Secretary and
Treasurer, their tenure OF Office to divide and
declare dividends out ofthe profits, to establish
and fix salaries, etc, and IN fact they shall
have full and ample power to establish all by
laws, rules and regulations, not contrary 10
corporation, and carry out its purposes and OBJ
iects az set forth in Article LIST herein
Art 3. The Secretary and Treasurer shall
have the care and custody Of all money of the
corporation, and shall give bond with good Sc
CurIty TO faithfully account for the same, the
amount Of said bond and the said security to be
approved by the said board of directors.
Art. g. That IN the election Of said board of
directors, and in all the business of said cor
pOratOn, each stakeholder shall be entitled to
one vote for each share he holds, the majority
OfvOtes TO control Absent stockholders or di-
recto may be represented by proxy In writing,
andno transfer Of stock shall be considered final
until regularly entered on the books of the cor
porAtion, when the original stock shall be sur
rendered or cancelled as the.case maT he
Art. Z, That should any stOckhOlner desire
to sell his or her stock or any part thereof, he
or she shall give reasonable notice thereof to
the said board of directors, who, all things be-
ing equal, shall have the preference in the pur
chase Of the same, and pay for the same out Of
the profits of the corporation. said stock SO
purchased shall be cancelled. Should the said
board OF directors see lltto decline the said pur-
chase. then, all things being equal, stock
holder or stockholders, as the case may be, shall
have the preference In the purchase of said
stock before all other persons.
Art s. No stakeholder Of said corporation
shall be individually liable for the debts OF the
same, except to the amount OF the balance that
may remain due or unpaid for the stock sub
scribea for by him or her, and no further.
Art . That said corporation shall mold all
real estate necessary for carrying on its bust
ness, and for this purpose shall have the power
to establish agencies and build seed houses In
this or adjoining States
Art TO- That the said Leland on Works
shall have its dOmicile at the town Of Leland,
Washington county, state Of Mississippi. and
It's charter may continue for fifty years
Art j.. This charter Of incorporation shall
be in full force and effect from and after the
approval Of the same by the Governor as con- !
"nlated by chapter - OF the Annotated Code |
o. t, der the provisions OF which chapter |
y loiZl n'.. g. organized, and all of the |
ms corpoIdl'oh 10 ~. so Tar a the same |
re applicable shall be a part 81 tn,. "
Incorporation
April nth, 1899.