The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1901-05-25
The Charter Of Incorporation of The
PEOPLES Compress Company.

First. Be IL known by this Charter Of Incor-
poration that w. q. Craig, w. r: Craig, X. y.
Bank Il 4. ireys, The Waldauer Company, Abe
Rlum j. G. Archer, o. b. Crittenden, n. \.
Hawkins Leroy Percy, Edward Holland, ana
them. be. and they are hereby constituted
body polite and corporate under tne NAME anu
style OF "The Peoples Compress Company
and as such may contract ana d D e UnlsadeS
with in all Of the Courts OF Law and EQUITY ~
this State, may have q common seal and alter
same at pleasure hold real ana persona ali acts
which corporate bodies may do, not nconsis.-
emit with the laws OF this state.
Second The SGmicile ?, Sa,a SHspidi
Third The purposes for which said corpor-
alton is created and organized, are 70 e sTd
| own maintain and operate warehouses, land
ings and store rooms for the storage OF coDton
and such other articles and products as tney
may choose to receive Tor storage, ana 20
| aes for cotton. and It Is hereby granted Iull
| power and authority to build, own or lease ana
t. operate and conduct said warehouses, stoss
| incidental or appertaining thereto, with tne
| right to make legal charges Tor the storhges
handling and COMPRISING, and 70 exercise amn
/ possess all such poWer and rights as are enuih'
i Grated in and conferred BY hapter 70 ammo
tated lode OF Mississippi, 1872 upon SorpoTa.
tions. And said corporation snaii nase 'n "
j Its stockholders to acquire the properly anu
franchise rights Of any other compress COM com.
pany, or to sell its properly ana other com
press company on such terms and conditons
as the majority in interest OF its stocknoiaers
may determine upon.
capital stock OF such corporation may be open
ed and said corporation organized whenever i
twenty thousand dollars shall be suoscIloe TIDE
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 incorporates hereln
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 tnree
days after the issuance OF the notice, and wnen
ize the corporation in accordance with the pro-
visions hereof, fixing such time and place Ior
stockholders meetizgs as may pc deemed ~ y
yisable and determining upon the manner III
which the business Of the corporation shall De
conducted. III
Fifth. The President. or any three Of ne n
stockholders, may call a special meethg q tue
stockhoiders 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, Wnicn
may be increased or decreased by vote OF the
I majority in interest of the stockholders, sucn
increase or decrease to be in the form OF " y.
amendment to the charter, as provided lot ~
Section 834 of the Annotated Code, permitting
amendments to charters, and said capltal stoch
shall be divided into shares OF the value OF ont
hundred dollars each. a.,
seventh. This corporation shall have ths
= right Of succession for q period OF nifty loO
h | years, unless sooner placed in yoluntaI,
n Humiliation and dissolved by the acts OF ~
stockholders owning at least majority q a.
the stock, or otherwise dissolved by authority
Eighth. should any stakeholder at any tim
wish to sell his stock, he shall first aner "
writing for ten days to the company, staring I
his offer what he will take for i, and ~ su sue.
figure the company shall have the right TO pur
chase it, and il it does not desire TO DO so' an.
Of the stockholders shall have the rgnt 70 put
chase It, preference being given to the s.o x.
holder first applying, and the holder Of IN
stock shall not have the right to sell ioI les Il,
stock shall be sold without compliance Wit
this provision II shall not be transferable upo
the books OF said company and the party pnl
chasing it shall not be recognized as stock
holder In the company, but this provision sna
not effect the right Of stockholder to use a !
stock rs collateral security and snail MOI
applicable to any sale Of stock made at pup
auction.