The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-09-12
CHARTER OF INCORPORATION OF
The Black LsnA zny,' ]

Gregor, 2. b. Happels r r. Wil'iam6
and T. J. Brummitt hereby associate
themselves together aud that they and
their successors aud assigns are hereby
created body polite and corporate
under the laws Of the State OF Mis~issip-
pi by the name. for the purposes, with
the powers, and subject to the terms and
conditions following. to-wit
SECTION I.
The corporate name by which this
company rs to be known is THE
BLACK LANDS COMPANY.
SECTION II.
The pames of the persons desiring TO
form this corporation are the following
Allen Gray, B. McGrcgor, P. &. Happel,
r. n. Williams and 7. J.:Brummitt.
SECTION III.
The purposes for which this corpoTAs
tion are created are to purchase, acquire!
take, hold, own, improve. develop. lcasG
| possess, and enjoy real estate either in
fee simple or otherwise, either az aolr
owner, tenant in common, joint tenant
or coparccner with another, the whole
not to exceed in value two hundred md
fifty thousand dollars.
SECTION Nv.
To carry ont said purposes in addition
to the powers granted III the preceding
section the said corporation shall have
the power and right to issue, notes.
bonds, debenturcs or other evidences Il
debt either in its separate name or with
! that Of any other person, firm or corpo-
ration with whom it may own or be I'M
tcrested in sucll real estnte or personal
property either AZ tenant in common,
joint tenant, coparcencr or otherwise,
and either in its separate name or with
such other person, firm or corporation
to secure the same by mortgage or deed
of trnst on said property or otherwise
to size and be sued, to contract and ~
contracted with, to plead aud TO be
mon seal, and the same TO break, alter
or renew ut pleasure, and further to do
all acts and things necessary and con-
veiiieiit in the Judgment Of the officefd
and directors Of the corporation in order
to carry out the purposes hereof and To
have, possess and enjoy all Of the rights,
powers and privileges created or con-
ferred by or enumerated iii chapter 25 of
of the annotated code Of 1892 which are
necessary and proper for carrying out
the purposes Of this charter.
SECTION "
i The domicile of this corporation shalt
be at Dahomev in the county Of Bolivar
in the State OF Mississippi, but may be.
changed at any time by vote Of tho
Eholdcrs of a 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 majority of the capital
stock thereof.
SECTION VII.
uS VI tiS DuStttCoS VI ttC
corporation shalfbe vested III board II
i directors consisting Of not less than
three nor more than FIVE, who shall he ]
lstocklIolders Of the company, and who
shall be elected annually by the stock
tholders at such time and in such mannet
as may be directed by the bylaws. A
majority Of said directors shall consti-
tutc quorum for the transaction OF
business If the number Of directors shall
texceed three, but in no event shall
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 all vacancies
caused by death, resignationo or other
wise.
SECTION VIII.
| The said directors shall elect from their
board a President aud Secretary and
Treasurer and may appoint or elect such
other officers, agents and employees a.
they may deem proper, all OF whom ahall
hold their Offices until removed BY the
board.
SECTION TX.
The directors OF the company shnll
have power and authority to adopt the
seal Of the company and to make all
such bylaws, rules and regulations az
shall be necessary for the control and
management OF the business Of the corr
poration not inconsistent with the pro-
visions Of this charter, with any by-lawe
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
at any general or special meeting.
SECTION x.
The stockholders shall meet annually
at such time and place and upon such
fnotice IS shall be prescribed III the by-
laws. AT all stockholders meetings
majority of all the stock shall constitute
q quorum. Bach stockholder shall be
entitled TO one vote for each siittre held
by him, but all elections for directors ~
managers of the corporation shall he
4 held i'll accordance with Section 194 III
the Constitution Of Mississippi, aud Sec
4 ton S37 of the Annotated Code Of 1892.