The leader., 1902-02-19
The Charter of Incorporation
OF THE
Progressive Oil Mill & Fertilizer Co

The purposes for which this corporation is
created are as follows, viz
l. The manufaeture of and dealing In cotton
seed oil and commercial fertilizers.
III. The manufacture of and dealing in cotton
seed meal, cotton seed huls and cotton seed
bran.
Ill The owning and operating a cotton seed
oil mill, or mills, and a fertilizer factory or fac
tories.
". The owning and operating 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 whole safe and
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 rails
ing, and planting. as may be deemed necessary
to the manufacturing interests of this corpora
tion.
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 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 be associated with them. The name of the
corporation shall be PROGRESSIVE OIL MILL
AND FERTILIzER COMPANY;
The powers to be exercised by this corpora
ton are those defined and specified in Chapter
% OF the Annotated Code of the State of Missis-
sippi, A. ID. 1902. with the amendments thereto
in the laws of the State of mississippi since
enacted; and especially has 1t those powers set
out in Section Si2 SAB 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
eges extended to such corporations by virtue
of Article VII of the Constitution of the State OF
Mississippi, adopted A. ID. 1890.
This corporation 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 obligations as
it may from time to time determine
The period for which this corporations is to
exist is fOitynine years from and after its ap-
proval. The capital stock of this corpOi nation
shall be not less than $30,0O0.00. nor more than
so 100000, with power to increase or diminish
the same within said sums and subscription
for said stock shall be raid for in money or la
bor done. COR in good iath agreed to be done),
or money or property actually received.
The domicile of this corporation shall be in
the city of Brookhaven, County of Lincoln,
State OF Mississippi.
The officers Of this corporation shall be a
president. a vice president. and a secretary and
treasurer.
The first meeting of the stockholders for orga-
niZation under this charter shall be held in the
office of l.. Cohn & Bros tore 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 d
meeting is waived. the publication of this char
tice of said meeting. But if for any reason said
meeting should not be held at the time and
place named, then 1t may be called in the man
ner provided by Section $50 of the Annotated
Code of the said STATE of Mississippi.
Done this February 18th, A. ID. 1902.