The leader., 1902-02-26
The Charter of Incorporation
OF THE
Progressive Oil Mill & Fertilizer Co

The purposes for which this corporation is
created are as follows. viz
|. The manufacture of and dealing in cotton
seed oil and commercial fertilizers.
II. The manufacture of and dealing in cotton
seed meal, cotton seed hullS and cotton seed
BRAN
III. The owning and operating "a cotton seed
oil mill, or mills, and a fertilizer factory or fac
tories.
". The owning and ope rating cotton gin or
gins.
V. The buying, selling and trading in seed cot
ton and cotton seed. when deemed necessary to
the manufacturing interests of this corporation;
VI. The building and operating wholesale ana
retail cotton depotS and cotton seed yards and
such tramways as may be deemed necessary to
meet the needs of this corporation.
VII. Such real estate dealing, live stock ralS-
ing and planting. as may be deemed necessary
to the manufacturing interests of this corpora
ton.
VIII The carrying on and operating mer-
camille business sufficient to meet the needs of
the manufacturing interests of this corporation.
The persons interested In this corporation, and
who are E. instrumental IN Its foundation are
SCHERCK, DAVID COIN. +. ii. HARTMAN.
ii. ZwIRN, EMIL COIN, GEO. BOwSKY. l..
ABRAMS, and such other persons as may here
after he associated with them. The name OF the
corporation shall be PROGRESSIVE OIL MILL
AND FERTILIZER COMPANY.
The powers to be exercised by this corpora
tion are those defined and specified in Chapter
% of the Annotated Code of the State of Mis>is-
sipp A. ID. 1892. with the amendments thereto
i'm the laws of the state of MISSISSIPPI since
enacted; and especially has 1t those powers set
ont in Section So. S43 and s44 of said chapter OF
said code, which are necessary and proper for
carrying out the purposes of this corporation
In addition to these powers and privileges. this
corporation shall have those powers and priv
| leges extended to such corporations by virtue
of Article VII of the Constitution of the State OF
Mississippi, adopted A. ID. 1890.
This CORPORATE n shall have power TO issue any
part of its capital stock as preferred stock. and
fix the relative rights of common and preferred
stock and to issue such bonds and ohllgatlohs a.
| it may from time to time determine.
| The period for which this corporate mis- is &c
exist is fOlty-nne years from and after It's ap
pIoval. The capital stock of this corpoI alton
shall he not less than $50 900 co. nor more than
| S5O,000.00, with power to increase or diminish
| the same within said sums and subscription
| for said stock shall be paid for in money or la
| Dor done. COR in good faith agreed to be done)
| or money or property actually received
The domice of this corporation shall he Ill
the city of BrOokhayen, County OF Lincoln,
| State of Mississippi.
The officers of this corporation shall be q
president vce-president. and a secretary and
| treasurer
The first meeting of the stockholders for Orga
DiZation under this charter shall be held in the
office of l.. Cohn 4 Bros store in the city OF
Brookhaven. Lincoln County Mississippi upon
the 18th day of March. A. ID. 1902. or as soon
thereafter as possible, and further notice OF sa
meeting is waived the publication OF this char
ter being accepted by the stockholders as no
tice Of said meeting. But if for any reason said
meeting should not be held at the time and
place named. then ii may be called in the man
ner provided by Section S36 of the Annotated
Code of the said state of Mississippi.
Done this February 18th, A. ID. 1902.