The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-12-09
Charter Of incorporation OF The
GreenYilIe Lnttnn Mills

BE known that W f, Randolph, Henry T
lreys, Jno. &, Archer. Henry X Fisher
| rOOmbs, Geo. f Archer, Ii e. Vincent, II
| + Wetherbee I b. stone, and all persons
| who may hereafter become associated with
| them, their successors and assigns, shall be
and they are hereby created body corporate
and polite by the name and style Of the
GkEENVlLLE COTTON MILLS and by that
name shall have succession for fifty 900 years
| may contract and be contracted with, sue and
| be sued, plead and be implicated, and shall
have all the rights. privileges and immunties
granted by the Annotated Code of Mississippi
IN happier % thereof and by any and all
amendments hereto; provided, the same m ~
be necessary to carry out the objects and pul-
poses Of this Charter.
This Corporation il created for the purpose OF
constructing and operating Cotton or Wool or
both, in or near the city Of Greenviie, Wash
lngton county, Mississippi, and to that and 1t
may build and operate such mills end may
manufacture and sell any style or description
of Cotton, Wool Jute, Flax, Hemp or other
material, or any other manufacture of what
ever Kind or description, and it shall have The
power to receive and hold real and personal
property BY gift, purchase or otherwise, not
exceeding Two Million [2,OOO ,00O Dollars in
vaiue, and may ALLEVIATE and convey the same,
and may purchase all machinery and appliances
necessary therefor
said corporation shall have power to make
and enforce any Bylaws rules and reg
uiatlensr not contrary to the laws of
this state, which may be necessary
for the regulation and government of the cor
poIatlOn and its business ard affairs and it |
shall have al the power necessary and proper
to successfully carry out such object it may |
borrow money and secure The payment OF |
same Dy.mOrtgage on Its property and franchise |
or otherwise, may issue bonds aud secure them |
IN the same way, but no such pledge, or mort |
gage small be made without the consent OF the |
stockholders representing two-thlrds Of the
stock
1t may own and operate and Electric Plant for
Is own use, and may furnish electric lights
and power to adjacent factories or other enter
rises OF for use In dwellings or other build
Rgs, and Streets and Tor that purpose may
erect such necessary poles aud string wires
llong them
The Capital Stock of said CORPORATION shah
'e Two Hundred and Fifty Thousand Dollars
500 600 OO) which may be increased at the
'ptiOn of said Corporation to any amount, L
Tot exceeding Two Million Dollars (S2 coo QUO /
OF which certificates of stock may he issued
nj sums Of one Hundred Dollars (Sl0O COZ Il
nch, but said Corporation may organize and
business when Fifty Thousand Doll
lrs 1850 ,000l IS subscribed
he government and management OF the af-
airs Of the Corporations shall be vested IN II
GARD Of not less han five nor more than nine
irectors chosen from the Stockholders. who
hall hold their offices for twelve months from
he date OF the organization Of the Company
nd unit their successors are elected and quail
led The President Of said Corporation shall
c elected from and by the Directors and shall
old his Office for the term OF one year and un-
! his successor is eject II and qualified a
lajorty Of the Directors shall constitute |
uOfuin LOT Inc transaction oil al business.
aid Directors shall elect such other officers, |
gents, and employees as nuy be deemed BY
lem necessary for the proper management of
e business OF said Corporation and rs may
authorized by tue Bylaws, from any or
Of whom they may take such bonds and
'escribe to them such duties as they may
ZEN proper, And SAID Directors may elect
appoint On Executive Committee Of not less
an three Of their own members who shall
I'VE power and perform such duties in the alb
nee Of a full quorum Of The Board as may be
es or bed by the Bylaws.
The domice ofsald Corporation shall be at
reenviile Mississippi. The Charter shall
Ike elect and be in operation from aud after
publication and approval by the Governor.