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

First. The following named Pc sons,
viz: D. C.. McRaney, w. M. Conner,
j. S. Turner, J. G. Carley, H. L, Foote,
A. U. Montgomery, S. l.. heidelberg,
r. N. Collins. S. G. Eaton, I. +. Ross,
F. w. Foote, s. G. Tucker, p A. Car
ter, c. H. Stevens, V. Il. Deese, J. 4.
Mathison, T. J Hubbard, B. d. Moore,
G. Q. Robertson and their associates
and successors are hereby created a
body corporate under the corporate
name of the "Hattiesburg Cotton Oil
Company" domiciled at the City of
Hattiesburg in Perry County, Mississ-
ippi, and may continue as such for
period of fifty years. Its 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 comp1
ny may organize and begin business
when five Thousand dollars have been
paid in,
Section g The objects ana purposes
for which this corporation is formed are,
to manufacture and sell all useful prod
ucts that may be made from cotton seed
such as oil, meal, oil cake, bulls, lint
ers, and whatever else may be made
from cotton seed or any product of cot
ton seed, SUCH 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
carry on the business prohtably and sue
cessfully. 1t may buy, bald 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 aud manage
ment of its business, not in conflict
with law.
Section 3. Its affairs shall be man
aged bv board of not less than five
and m re than nine directors, and the
first board shall be chosen from among
the incorporators, who shall serve fol
one year and until their successors are
elected and qualified. All subsequent
directors shall be chosen from among
the stockholders and shall serve for d
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 President, Vice
President, Secretary and Treasurer
and their duties shall be defined in the
by laws.
Section 4. This corporation shall
have all thei 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 ap-
proved by the Governor and recorded
by the Secretary of State, the iucorpo
ratJrs may meet at time and place il
the city of Hatliesburg, to be previously
nanedln notice for that purpose whicI
notice may be sent to each incorporated
through the mails. and orgepize TIT
company by fixing the number of direc
tors and electlng the same from anon!
the incoaparators, who shall immediate
ly elect the officers named in the pre-
ceeding section.
Section 5. When thus organized tn
board of directors may proceed at one
to do such acts az may be necessary Il
carry out the objects and purposes o
this corporation, not lin conflict witt
the constitution and laws of the State o
J of the United States.