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

Gregor, p. L. Happel, K. K. Williams and
T. ]. Brummitt hereby associate them
selves together and that they and their
successors and assigns ere hereby created
a body polite and corporate under the
laws of,the State OF Mississippi by the
name, for the purposes, with the powers,
and subject to the terms and conditions
follc wing, to-w;t: s--'.
SBcJloN I.
The corporate name by which this
company is to be known is THE
ALFALFA LAND COMPANY.
SECTION IL.
The names Of the persons desiring to
form this corporation are the following.
Allen Gray, B. McGregor, T. e. Happel,
r. r. Williams and T. ]. Brunniitt.
SECTION III.
The purposes for which this corpora
tion are created are to purchase, acquire,
take, hold, own, improve, develop, lease,
possess, and eiJsy real estate either il,
fec simple or otherwise, either MS sole
owner, tenant i'll 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 in addition
to the powers granted in the preceding sec
ton the said corporation shall have the
power and right to issue, notes, bonds
debentnres or other evidences Of debt
either In its separate name or with that
of any other person, firm or corporation
with whom it may own or be interested
i'll such real estate or personal property
either as tenant i'll common, joint tenant
coparcener or otherwise and either in its
separate name or with such other per.
son, firm or corporation TO secure tht
same by mortgage or deed Of trust OF
said property or otherwise to sue ant
be sued, to contract ard be contracted
with, to plead and to be pleaded with
and have and use a common seal, arc
the same to break, alter ot. renew al
pleasure, and further to do all acts ant
things necessary and convenient iii ths
Judgment Of tie afsccia and directors o
tie corporation IL order to carry Out
the purposes hereof, and to have. pos
sess and enjoy nll cf the rights, power.
and privileges created or conferred by
or enumerated in chapter IS of tn.
annotated code Of 1892 which are neccs
sary and proper for carrying out til,
purposes Of this charter.
SECTION Y.
The domicile of this corporation shall
be at Dahomey i'll the County OF Bolivar
in tile State of Mississippi, but may d,
changed at amy time by vote Of th'
holders 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
aOiiQtS SttSiip Jdt DG tItNlCdSt0 VI
diminished at afy time by vote Of til,
holders of majority of the capita
stock thereof
SECTION VII.
The management Of the business Of tn
corporation shall be vested in boart
Of directors consisting OF not less thar
three nor more than five, who shall b.
stockholders of the company, and who
shall be elected annually by the stock
holders at such time and in such manner
as may be directed by the bylaws. 4
majority Of said directors shall corsti
tute a quorum for the transaction 0
business if the number OF directors shal
exceed three, but III no event shall {
quorum be less than three. Said direc
tors shall hold their Offices until tlei
Successors are duly elected and qualifet
and shall have power to fill all vacancie'
caused by death, resignation or other
wise.
# SECTION VIII.
The said directors shall elect from theil
board President and Secretary ant
Treasurer and may appoint or elect sucl
other officers, agents and employees a:
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 tn,
seal Of the company and to make al
such bylaws, rules and regulations al
shall be necessary for the control ant
management of the business of the cor
poration 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 BYLAW
may be adopted by the stockholders a
any general or special meeting.
SECTION X.
The stockholders shall meet annually
at such time and place and upon sucl
notice as shall be prescribed in the by
laws. At all stockholders meetings {
majority of all the stock shall constitut,
quorum. Each stockholdcr shall b,
entitled to one vote for each share hclo
by him, but all elections for directors OF
managers Of the corporation shaf b.
held in accordance with Section 1914 o
the Constitution Of Mississippi, and Sec
t;op Q27 of the Annotated Code of S92