The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-04-15
The Charter of Incorporation of the
Leland Oil Works.

Art !. That Hermann Goepel, George W.
Wheeless, Robe4t Ernst, Mrs Josephine Cason
Stephen Thrasher, and other assoCjatus who
| may become stockholders, be and are hereby
created q body corporate and polite by the
name and style Of the LELAND OH Works.
for the purpose of manufacturing oil of any kIn1
particularly cotton seed oil and its products)
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 it
desire to do SO.
Art.2 The capital stock of said corporation
shall not be less than Fifty Thousand Dollars,
and shall not exceed the sum of Two Hundred
| and Fifty Thousand Dollars. the same - be di-
| vided into shares Of One Hundred Dollars each,
| and when the sum of Ten 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 directors, a majority
| OF whom shall constitute quorum, and they
| shall elect President, and Secretary and
| Treasurer.
Art 4 The said board of directors shall have
| full and ample power to make all bylaws re5n-
| luting he 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 opt ofthe profits, to establish
and fix salaries, etc and in fact they shall
have full and ample power TO establish NIL ly-
laws, rules and regulations, not contrary 10
law, necessary TO carry Onl the business Of said
corporation, and carry out its purposes and OBJ
jects set forth in Article LIST herein
art ;. The Secretary aud Treasurer shall
have the care and custody of all money of the
corporation, and shall give bond with good Sc
curly 10 faithfully account for the same, the
amount of said bond and the said security to DO
approved by the said board of directors
Art q That in the election of said board Of
directors, and in all the business of said cor
pOratiOn, each stakeholder shall be entitled to
one vote for each share he holds, the majority
Of votes to control bsept stockholders or
he rpgpnfpH IA w
no transfer Of stock shall be considered lual
until regularly entered on the books of the cor
poration, when the original stock shall be sur
rendered or cancelled rs the case m6y be
Art. Z. That should any stOckholner desire
to sell his or her stock or any part thereof, he
or she shall give reasonable nOtce thereof TO
the said board of directors, who, all things be-
ing equal, shall have the preference In the pur-
chase of the samB and pay for the same oiit OF
the profits Of the corporation. Said stock SO
purchased shall be cancelled Should the said
board of directors see ftto decline the said ppr-
chase. then, ell things being equal, a stock
holder or stockholders, as the case may be, shall
have the preference In the purchase of said
stock be ore all other persons.
Art g. No stockhOlder of said corporation |
shall be individually liable for the debts Of the
same. except 10 the amount of the balance that !
may remain due or unpaid for the stock sub |
scribed for by him or her, and no further.
AIT .. That said COZ pOratiOn shall hold all |
real estate necessary for carrying on Its bus-
ness, and for this purpose shall have the power
to esi ablish agencies and build seed houses in
his OF adjoining States
Arl 10. That the said Leland OIL Works
shall have it's dOmlcile at the town Of elund.
county, Stale Of Mississippi, and
its charter may continue for ~ y years
Art IL This charter Of incorporation shall
be in full force and effect from and after the
Of the same by the Governor ss con-
by chapter % OF the Annotated Code
Of lSg2, under the provisions OF which chapter
his corporation 10 organized, and all Of the
provisions Of said chapter 80 lar as the same
ire applicable shall be part Of this charter Of
Incorporation.
Apdi nth, l59e. NJ