The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-09-12
CHARTER OF INCORPORATION OF
The DahomcyLand Company.

. pS IL nhSNh ehs@h Gfhi'N'' Ofstsf ~ 49,
Gregor, P. E. Happel, r. K. Williams
and T. ]. Bruumitt hereby associate
themselves together and that they and
their successors and assigns are hereby
created body polite and corporate
under the laws Of tie State of MISSISSIPPI
pi by the name, for the purposes, with
the powers, and subject to the terms and
conditions following, to-wit:
SECTION l.
The corporate name by which this
company is to lie known Is THE
DAHONiEY LAND COMPANY.
SECTION II.
The names of the persons desiring to
form this corporation are the following
Allen Gray, B. McGregor, P. e. 'Happel,
R. r. Williams and T. J. Drummitt.
SECTION III.
The purposes for which this corpora
ton are created arc to purchase, acquire,
take, hold, own, improve, develop, lease,
possess and enjoy real estate either i'll
fee simple or otherwise, either rs sole
owner, tenant in common, joint tenant
or coparcener with another, the whole
not to exceed in value two hundred and
fifty thousand dollars.
SECTION "
To carry out said purposes i'll addition
to the powers grantcdin the preceding sec
ton the said corporation shall have the
power and right to issue, notes, bonds,
debentures or other evidences of debt
either in its separate name or with that
of any other person, firm or corporation
will, whom 1t may own or be interested
in such real estate or personal property
either as tenant in common, joint tenant,
coparcener or otherwise, and either III its
separate name or with such other person,
firm or corporation to secure the same
by mortgage Or deed Of trust on said
property or otherwise to sue and be
sued. to contract and be contracted with,
to plead and to be pleaded with, and
have and use a common seal, and the
same to break, alter or renew at
pleasure, and further to do nil acts and
things necessary and convenient in the
Judgment Of TIC officers and directors OF
the corporation III order to carry oat
the purposes hereof, and to have, possess
and enjoy all of the rights, powers and
privileges created or conferred by or
enumerated in chapter 25 Of the anno-
tated code of 1892 which are necessary
and proper for carrying out the purposes
OF this charter
SECTION V.
The domicile Of this corporatios. shall
be at Dahon,ey in the County OF Boliyer
in the State Of Mississippi, but may be
changed at any time by vote Of the
holders of majority of the stock thereof.
SECTION VI.
The capital stock Of this corporation
shall be sixty thousand dollars, divided
into six hundred shares of one hundred
dollars each, but may be increased or
diminished at any time by vote Of the
holders OF a majority OF the capital
stock thereof.
SECTION VII
The management Of the business Of the
corporation shall be vested i'll a board OF
directors consisting of not less than
three iior more than FIVE, who shall be
stockholders of the company, and who
shall be elected annually by the stock
holders Mt sucl, time and in such manner
as may be directed by the bylaws. A
majority of said directors shall consti-
tute a quorum for the transaction OF
business If the number of directors shall
exceed three, but III no event shall a
Quorum be less than three. Said direc-
tors shall hold their Offices until their
successors are duly elected and qualified
and shall have power to fill ell vacancies
caused by death, resignation or other
wise.
SECTION VIII.
The said directors shall elect from their
board President and a Secretary and
Treasurer and may appoint or elect such
other officers, agents and employees as
they may deem proper, all of whom shall
hold their Offices until removed by the
board.
SECTION TX.
The directors of the company shall
have power and authority to adopt the
seal of the company and to make all
such bylaws, rules and regulations as
shall be necessary for the control and
management of the business OF the cor
poratiou not inconsistent with the pro-
visions Of this charter, with any bylaws
adopted by the stockholders or contrary
to law, but the same may be revoked,
altered or amended and other bylaws
may be adopted by the stockholders at
any general or special meeting.
SECTION x.
The stockholders shall meet annually
at such time and place and upon such
notice, as shall be prescribed i'll the by
laws. At all stockholders' meetings a
majority of all the stock shall constitute
a quorum. Each stockholder shall be
entitled to one vote for each share held
by him, but all elections for directors OF
managers Of the corporation shall be
held in accordance with Section 1914 of
the Constitution of Mississippi, and Sec
A:. COZ &c III. A,,,ntated CodA Of 600