The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-08-22
CHARTER OF INCORPORATION OF
The Farmers Land rorirany.

| BE 1t known, That Allcr Gray, u. NC
| Gregor, p Z. Happel. r. R. Williams
and 7. J. Brummitt, hereby associate
themselves together, and that they and
their successors and assigns are hereby
created body polite and corporate
Under the laws ofth State Of Mississip-
! pi, by the name. for the purposes, with
the powers, and subject to the terms end
conditions following, to-wit
| SECTION l..
| The corporate name by which this
company is to be known is THE
FARMERS LAND COMPANY.
SBcrIoN II.
The names Of the persons desiring to
form this corporation are the folio wing !:
Allen Gray, B. McGregor, p Happel,
r. r. Williams and T. ]. Brummitt.
SECTION III,
The purposes for which this corpora
on are created are to purchase, acquire,
take, hold. own, improve, develop, lease,
possess, and enjoy real estate either in
fee simple or otherwise, either as 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 w.
| To carry out said purposes in addition
to the powers granted in the preceding sec
tion the said corporation shall have the
power and right to issue, otes, bonds, de-
benturcs or other evidences Of debt eli her
IN it's separate name or with that of any
other person, firm or corporation with
whom it may own or be interested in
such real estate or personal property
either as tenant Uncommon, joint tenant,
o-parcener 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 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 q common seal, ana
| the same to break, alter or renew at
| pleasure, and further to do all acts and
things necessary and convenient in the
| Judgment Of the officers 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 conferred by or
enumerated in chapter % of the ammo
tated code of 1892 which are necessary
and proper for carrying ont the purposes
of this charter.
SECTION v.
The domicile Of this corporation shall
be at Dahomey in the county of Bolivar
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 majority of the capital stock
thereof
SECTION VII
The management of the business Of the
corporation shall be vested in a board Of
directors consisting Of not less than
three nor more than FIVE, who shall be
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. A
majority OF said directors shall consti-
tute quorum for the transaction of
business if the number Of directors shall
exceed three, but i'll 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 all vacancies
caused by death, resignation or other
wise. "a
SECTION VIII.
The said directors shall elect from their
board President and Secretary and
Treasurer and may appoint or elect such
other officers, agents and employees as
they may deem proper, all of whpsp shsII'
hold their Offices until removed by e.
board.
SFcrioN-IA. ssss
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
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 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
majority of all the stock shall constitute
quorum. Each stockllolder shall be
entitled to one vote for each share held
by him, but all elections for directors or
managers of the corporation shall be
held in accordance with Section 1914 OF
the Constitution of Mississippi, and Sec
h ton s37 of the Annotsted Code Of 1892.
SEcrIoN XII.