The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-05-27

Section BE il known thai 4, Castleman,
! Morris Jbyy, II. Levy, Cohn and u j,
Brnl.ey an such o. her persons Us may here;
alter become associated with them, be. and
they are hereby created body polite and cor
pOUte under tae name and style of the Belzoni
Oh Company
section The purpose and business of said
corporation shall be the manufacture and sale
of crude and refined OILS from cotton seed, cot
ton Cod meal, cake, hulls, and all other pro-
ducts and articles OF commerce austng nom
the manufacture of cotton seed. And also the
conduct OF general cotton ginnery in connec-
ton with said oil works, and the storage Of
material necessary and incidental to such bust
ness And to this end they are authorized 10
purchase raw material, and conduct general
ginning business, and generally to do any and
all things that may be necessary or incidental
to the business Of manufacturing oil and GIN
ming cotton And it may own sufficient real
estate IN the State of Mississippi or elsewhere,
for the conduct OF such business and the stO-
rage Of material and products And said cor
p0rut on is hereby vested with all the power
and authority conferred on corporations in the
conduct Of its business as herein prescribed,
by The PROV siOns Of Chapter % Of The Annotated
Code of 1892 of the Laws of Mississippi and the
amendments thereto,
section g. I he capital stock Of said corpora
lion shall be seventy-Gve thousand dollars,
divided into shares Of one hundred dollars each,
and when Ten Thousand Dollars Of said capital
stock shah have been subscribed and paid, in
cash. Drills equivalent In property, said eorpor-
qllon N ay organize and commence its business
section g. Tho management of the business
auurs OF said corporation shall be conducted
by a Board of Directors composed oil five per-
sons. one of whom need pot be Il stakeholder.
4 majority OF said Board shalt constitute
quo um for the transaction Of business, aud
sud Board may pass all necessary fuIgg, lesU3
lutiuns aud bylaws ,Ot the insna geiienl OF said
CORPORATION. select its officers and prescribe
luerr dRtta and compensation. and r,s,,all udopt
a common seal ina may alter the same at
plt"sn""
section D. Should any stockholdeT desire to
sell his ar her stock, or any part thereof he or
She Shall give reasonable notice thereof to said
BaIr,t of Directors who all things being equal,
shan have the preference in the purchase Of the
same and pay therefor out of the profits of the
corporation and the stock 80 purchased shall
be cancelled s,Ould The said Board of Di-
.ip.tnrs teclme TO purchase said stock then,
all things being equal, stockholder or stock
holders, as the case may DO, shall have the
preference in the purchase of said stock, before
All other persOua or corporations.
#uctioub The dOmiCile OF said corporation
shall be the Village OF Rel40ni, in the County
of Washington, and state OF Mississippi, and
rs corporate listcueC may continue for term
OF lilky ytGra
aeetiou1. AUerthe approval of this charter
by hcGoveruur said corporation may organize
lnon three day notice from any one of the In
c6rporators to the others, or Rmajority OF them.