The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1900-05-05
The Am ended Charter of Incorporation
of the BeIzOni Oil Company

The charter of the Belzoni Oil Company
granted by the State of Mississippi on the 9th
day Of June 1899 and having, its domicile at
BelzOni, in the County of Washington, State
ofMississppi, is hereby amended SO as to read
as follows
SECTION l. Be it known, that S. Caslleman,
Morris Levy. j, ii. Levy, M Cohn and G. j.
Brantley, and such other persons as may here
after become associated with them, be, and are
hereby created n body polite ana corporate
under the name and style of the DELZONI
OIL COMPANY.
Sec @ The purpose and business of said
corporation shall be the manufacture and sale
OF crude and refined oils from cotton seed cot
ton seed meal; cake; bulls and all other pro-
ducts and articles of commerce arising from
the manufacture of cotton seed and also the
conduct OLA general cotton ginnery in connec-
ton with said oil works, and The storage OF
material necessary and Incidental to such bus
ineas And to this end they are authorized IN
purchase raw material, and conduct general
ginning business, and genel ally, 10 do any and
| all things that may lie necessary or incidental
t. the business of manufacturing oil and GIN
ginning cotton. And it may own sufficient
| real estate in the State of Mississippi or else
where, for the conduct of such business and
the storage Of material and products. And sal d
corporation is hereby vested with all the power
and authority conferred on such corporations
necessary for the conduct of its business MS
| herein prescribed, by the provisions of Chap
ter IS of the Annotated Code of 1892 of the
Laws OF Mississippi and the amendments
thereto.
Sec 3. The CAPITAL stock of said corporation
shall be Seventy-f five Thousand Dollars, divd-
ed into shares of One Hundred pollars each
and when Ten Thousand Dollars of said capl-
tai stock shall have been subscribed md paid
in cash, or its equivalent in property, said cor
poration may organize and commence its
business.
Sec The management of the business af-
fairs of said corporation shall be conducted by
Il board of directors composed of five persons
one ofwhom need not be stakeholder; a ma
jorliy of said board shall constitute a quorum
Tor the transaction of business and said board
may pass all necessary rules regulations and
bylaws for the management of said corpora
ton, and shall adopt common seal and may
alter same at pleasure.
Secs Should any stockholder desire TO sell
ms or her stock or any part thereof he or she
shali give reasonable notice thereof 10 said
board OF directors who, all things being equal
shall have the preference in the purchase of
the same and pay therefor out of lis profits of
the corporation and the stock SO purchased
shal be Cancelled. Should the said board of
directors decline to purchase said stock, then
gu things heing equal, stakeholder or stock
holiefs, as the case may be shall have the
preference In the purchase of said stock before
all other persons or corporations.
sect. The said cooperation shall have the
rlght TO borrow money and to secure the nav
ment of same, by mortgage or otherwise; to
issue ponds and to secure them in The same way
and to hypothecate its franch SEES.
Sec. The domcie of said cooperation shall
ne me village Of Bezoni, in the County of
washington, and State OF Mississippi. and its
of Fifty Years.
Sec. After the approval of this charter by
the governor, said corporation may organic
upon three DAYS notice from any one of the
ncorporators to the others; or majority of
them.