The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-04-22

Art / That Hermann Goepel, George W,
| Wheeless. Robert Ernst, Mrs. Josephine CasOr
4 stephen 1hrasher, and other associates who
may become stockholders, he and are hereby
1 created n body cOlpgrale and petite by the
| name and style of the Iceland on Works
4 for the purpose of manufacturing oil Of any kind
| (pariiculnry cotton seed oil and its produeis)
| Fertilizers soaps and other articles of trade and
| commerce in the manufacture of which tile
| buildings, machinery or any part thereof may
| be utilized 1.-THE sad 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 HBndred
| Vldea into shqres pt One Hundred Dollars each
Sea he sum Of Ten thousand DO lars
ana : "Aid IN tie sqid, s(oekRodeIs
may meet and elect then --allon shall
Art. 3. The officers of SAID corpo..
be mai,agedby board ,ofdirectorat Malortty
of whom shall constitute quorum, ana lhey
shall elect President, and Secretary ann
Treasurer.
AIT 4. The said board of directors shall have
full and ample power to make all bylaws resu-
Iating 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 ana
anti fix salaries, etc and IN fact they snail
have fail and ample power to establish all by
laws, rules and regulations, not contrary TO
law, necessary 10 NdTTN OUT ,Ant Duoll6ho VI Shtu
corporation, and carry out its purposes and OBJ
jecis as set forth in Article LIST herein.
Art 3, The Secretary and Treasurer shall
have the care and custody OF all money OF tire
corporation, and shall give bond with good Sc
curity 10 faithfully account for the same, the
amount of said bond and the said security to be
approved by the said board Of directors
Art That In the election of said board Of
directors, and In all the business of said cor
poratlOn each stakeholder shall be entitled to
one vote for each shire he holds hie majority
aF.. hot s.pA uNs
directors may be represented IN writing, and
no transfer OF stock shall be considered flnal
until regularly entered on the books Of the cor
poratlon, when the original stock shall be sur
rendered or cancelled rs the case may be
Art. Z. Tint should any stockh0lner desire
to sell his or her stock OF any part thereof, he
or she shall give reasonable notice thereof to
the snld board of directors, who, all things be-
lug equal, shall have the preference In the pnr-
chlse Of the same, and pay Coz the sameiolt of
the profits of the corporation. said Stock so
purchased shalt be cancelled, Should the said
board Of directors see ftto decline the said pur-
chase. then, all things being equal, stoeR-
holder or stockholders, as the case may be- shal
nave the preference in the 'purchase Of said
stock before all other persons 80
Art &. No stockholder of said corporation
shah be individually liable for the debts o. the
same. except to the amount of The balance mat
may remain due or unpaid for the stock SUBJ
seribed for by him or hef, and no Afrther.
Art 3. Tint said corporation snail hold all
real estate necessary 1orcairying oh,ltb busl-
ness, and for this purpose shRlI nave tne power
TO establish agencies and build seed houses In
this on adjoining States
Art iOI That the said Leland OIL Works
shall have irs domiciecat fhe town Of Leland,
washington county,, State OF Mississippi, and
its charter may cqhtinue for fftyyears
Art II This cliariel Of incorporation shalii
be In full force and effect from anti after the
approval Of the same by the Govaru9ri % COM
ternpiaied by chapter ~ Of the AnnmAted C1de
NJ ila2, under the prQvislons Of WllclE chapter
Ills corporation Is organized, and III Of the
provisions OF said ohnpicr 50 tar as Sue same.
are applicable shall be part Of this cinrter or
incorporation. =
April nth, lsle,