The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1901-05-18
The Charter OF Incorporation of The
Peoples Compress Company.

First. Be it known by this Charter of Incor-
Poration that W. y. Craig, w. R: Craig, R. e.
Bank, u. T. Ireys, The Waldauer Company Abe
Blum, J. g. Archer, o. B. Crittenden, H. p.
Hawkins, Leroy Percy, Edward Holland, and
them, be, and they are hereby constituted a
| body polite and corporate under the name and
| style OF "The Peoples Compress Company"
and as such may contract and be contracted
with, sue and be sued, plead and be impleaded
| with in all OF the Courts Of Law and Equity in
this State, may have a common seal and alter
same at pleasure, hold real and personal prop
erty, make Bylaws. and do any and all acts
which corporate bodies may do, not inconsist-
emit with the laws OF this State.
| Second. The domicile of said corporation
shall be in Washington County, Mississippi
and its place Of business In or near Greenville
Third. The purposes for which said corpor-
alton is created and organized, are to erect,
| own, maintain and operate warehouses land
ings and store-rooms for the storage of cotton
and such other articles and products as they
may choose to receive for storage, and to erect
own, maintain and operate or lease, compress
| ses for cotton, and 1t Is hereby granted full
power and authority to build, own or lease and
to operate and conduct said warehouses, store
rooms and congresses, and to do all business
incidental or appertaining thereto, with the
| right to make legal charges for the storage.
handling and COMPRISING, and to exercise and
| possess all such power and rights as are enum-
| Grated in and conferred by Chapter Is Anno-
tated Code of Mississippi, 1892 upon Corpora
tions. And said corporation shall have the
| pOWGI W FOUS VI tuo HlttlOEtLy III lubeIcsb VI
its stockholders to acquire the property and
| franchise rights of any other compress COM
pany, or to sell its property and franchise
press company on such terms and conditions
as the majority in interest OF its stockholders
may determine upon.
| Fourth. The books for subscription to the
capital stock OF such corporation may be open
ed and said corporation organized whenever
twenty thousand dollars shall be subscribed
and paid, and the first meeting of the stock
holders shall be held in Greenville, Mississippi,
after this charter has been legally approved
upon written notice to the incorporators herein
named, signed by one or more OF them, such
notice fixing the time and place of meeting,
and such meeting to be held not less than three
days after the issuance Of the notice, and when
assembled the meeting shall proceed to organ
visions hereof, fixing such time and place for
stockholders meetings as may be deemed ad-
visable and determining upon the manner in
whichfthe business of the corporation shall be
Fifth The President, or any three of the
stockholders, may call special meeting of the
stockholders at any time by mailing five days
written notice to all stockholders.
Sixth. The capital stock CT said corporation
shall be one hundred thousand dollars, which
may be increased or decreased by vote OF the
majority in interest of the stockholders, such
increase or decrease to be In the form of an
amendment to the charter, as provided for in
Section 1874 of the Annotated Code, permitting
amendments to charters, and said capital stock
shall be divided into shares Of the value OF one
hundred dollars each.
Seventh. This corporation shall have the
right Of succession for period of fifty 900
years, unless sooner placed in voluntary
liquidation and dissolved by the acts Of its
stockholders owning at least majority of all
the stock, or otherwise dissolved by authority
of law.
Eighth. Should any stakeholder at any time
wish to sell his stock, he shall first offer 1t in
writing for ten days to the company, stating in
his offer what he will take for it, and at such
figure the cOmpanV shall have the right to mr.
chase 1t, and II it does not desire to do so, any
Of the stockholders shall have the right to pur-
chase it, preference being given to the stock
holder first applying, and the holder OF the
stock shall not have the rightto sell 1t for less
than the amount he offers it for, and II the
stock shall be sold without compliance with
this provision it shall not be transferable upon
the books of said company and the party pur-
chasing 1t shall not be recognized as stock
holder in the company, but this provision shall
not effect the right Of stakeholder to use his
stock as collateral security and shall not be
applicable to any sale Of stock made at public
auction.