Hattiesburg daily progress. (Hattiesburg, Miss.) 18??-1909, 1902-06-18
CHARTER OF INCORPORATION
Of HE Haliissburg Cotton Oil Company


Sec. l TIE following named pc. sons,
viz: D. c. McRaney, w. NJ. Conner.
j S. Turner. j. c. Carley, II. L, Foote,
A. e. Montgomery, 5. l.. heidelberg
Il. n. Collins. s. G. Eaton, T. E. Ross,
f. w. Foote, S G. Tucker, P. A. Car
Ter, G.. Ii. Stevens, Y. I. Deese, j. Il.
Mathison. z. J. Hubbard. B. D. Moore,
Il Z. Robertson and their assacial es
and successors, are hereby created a
body corporate under the corporate
name of the "Hattiesturg Cotton Oil
Company. doniciled at the City Of
Hattiesburg in Perry County, Mississ-
ppi, AMI may continue as such for
period Of fifty years. It's capital stock
is hereby fixed at the sum Of fifty
thousand dollars, divided into five hun
dred shares of 800 each, TO be
evidenced by certificates issued under
the corporate seal Of the Company to
subscribers and pure hasers who may
be entitled to the same, but the compH-
ny may organize and begin business
when five thousand dollars have been
paid in,
Section Q. The objects and purposes
FOR which this corporation is formed are,
to manufacture and sell all useful prod
acts that uay be made from cotton seed
such as oil, meal. oil cake, hulls, lint
ers. aud whatever else may be made
from cotton sc "a or any product OF cot
ton seed, sucn as, soap and axle grease;
to manufacture fertilizers from cotton
seed products; TO gin and press cotton in
the bales. To that end the said corpo-
ration may buy. own, lease and hold all
real and personal property necessary to
cary on the business proiitably and sue
cessfully. II may buy, build or lease
tenement houses for the use of its OPP
eratives and employees, and may rent
the same to them; it may buy, build or
/ lease warehouses or storage houses at
any point or place in the State for
| housing or storing cotton seed, or cotton
| seed products, and may do any and all
other acts necessary or expedient for
the successful conduct and manage
ment of its business, not in conflict
with law.
Section 3. It's affairs shall be man
/ AGED by board Of not less than five
and m>re than nine directors, and the
! first board hall be chosen from among
the incorDorators who shall serve for
one year and until their successors are
elected and qualified. All subsequent
directors shalt be chosen from among
the stockholders and shall serve for a
period CT one year and until their sue
cessors are elected and qualified, but
provision may be made in the by laws
for the removal Of any director for in
competency or other sufficient cause.
The officers shall be Il President, Vice
President, Secretary and Treasurer,
and their duties shall be defined in the
by laws
/ Section 4. This corporation shall
have all the rights. powers and priv
ileges conferred by chapter twenty five
of the Annotated Code of 1892, and any
amendments made thereto.
As soon as this charter has been APP
proved by the Governor and recorded
by the Secretary of State, the incorpo
ratJrs may meet at time and place il
| the city of Hatliesburg, TO be previously
named IN notice for that purpose which
notice may be sent to each incorporate
through the mails, and organize tn
company by fixing the number of direc
tors and electlng the same from anon:
r the incorporators, who shall immediate
/, ly elect the officers named in the pre-
7 ceeding section.
! Section s. When thus organized tn
: board of directors may proceed at enc
l to do such acts as may be necessary +
J carry out the objects and purposes o
t this corporation, not in conflict witt
r the constitution aud laws of the State o
of the United States.