The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1901-06-01
The Charter OF Incorporation OF The
Peoples Compress Company.

First. Be 1t known by this Charter Of Incor.
poration that w. q. Craig, w. r. Craig, r. Il
craig Jr; W. W. Bisrce,, Limited, Citizens
Bank, u. T. Iyeys, The Waldauer Company, Abe
Blum, ]. q. Archer, o. b.. Crittenden, H. P.
Hawkins, Leroy Percy, Edward Holland, and
such other persons as may be associated with
body polite and corporate under the name and
style of 'The Peoples Compress Company
and as such may contract and be contracted
with in ali Of the Courts Of Law and Equity in
this State may have common seal and alter
same at pleasure. hold real and personal prop
erty, make Bylaws, and do any and all acts
emit with the laws OF this State.
Second. = he domicile OF said corporation
shall be in Warrington 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 i 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
1 handling and COMPRISING, and to exercise and
| possess all such power and rights as are enum-
Grated in and conferred by HAPPIER % Ammo
tons. And said corporation shall have the
| power by vote Of the majority in interest Of
its stockholders to acquire the property and
franchise rights Of any other compress com
pany, or to sell its property and franchise
| rights, and to consolidate with any other COM
| press company on such terms and conditions
as the majority in interest Of its stockholders
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 liking 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
lie the corporation in accordance with the pro-
visions hereof, fixing such time and place for
stockholders meetings as may be deemed adj
visable and determining upon the manner in
which the business Of the corporation shall be
conducted
Fifth. The President. or any three Of the
stockholders, may call special meeting of the
stockholders at any time by mailing Ave 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
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 o period Of fifty $50
years, unless sooner placed in voluntary
liquidation and dissolved by the acts Of its
stockholders owning at least q majority Of all
the stock, or otherwise dissolved by authority
of law. VI.
Eighth. Should any stockholder AZ 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 company shall have the right to pur- |
chase 1t, and il 1t does not desire to do so, any
Of the stockholders shall have the right TO pur-
chase i, preference being given to the stock |
holder first applying, and the holder OF the |
stock shall not have the right to sell it for less
than the amount he offers 1t 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 IS o stock |
holder in the company, but this provision shall |
not effect the right Of u stockholder TO- use his
stock as collateral security and shall not be /
applicable to any sale Of stock made at public |
auction.