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

Grceor, p. E. Happel, r. r. Williams
aud T. !. Brun,rlitt, hereby associate
themselves together, and that they and
their successors and assigns are hereby
/ created body polite and corporate
under the laws of the State Of Mississip-
pi, by the name, for the purposes. witt,
the powers, and subject to the TERMS and
conditions following, to-wit:
SECTION /.
i The corporate name by which this
company is to be known Is THE
IFARMERS LAND COMPANY.
/ SECTION II.
! The names Of the persons desiring to
form this corporation are the following !:
Allen Gray, B. McGrcgor, p. r. Happel,
R. X. Williams and T. J. 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 will, 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
tion the said corporation shall have the
power and right to issue, notes, bonds, de-
hcntures or other evidences of debt either
in it's separate name or with TINT of any
other person, firm, or corporation with
whom it may own or he interested i'll
such real estate or personal property
either as tenant in common, joint tenant,
co-parcener or otherwise, and either in
its separate name or with such other
person, firm or corporation to secure the
, same by mortgage Or decd 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,
i and have aud use common seal, and
the same to break, alter or renew at
, pleasure, and further to do all acts and
, things necessary and convenient in the
81 Judgment Of the officers and directors oi
! 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 OF
!. enumerated in chapter 25 of the anno
tated code of1S92 which are necessary
aud proper for carrying out the purposes
of this charter.
SECTION v
III The donicile of this corporation shall
+ be at Dahoney in the county of Boliyai
; iii the State OF Mississippi, but may bs
; changed at any time by vote Of the
holders of majority OF the stock thereof
SECTION VI
Il 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 0,
diminished at any time by vote Of tlis
| llolders of majority of the capital STOCK
thereof
SECTION VII
The management of the business of thu
| corporation shall be vested in aboard o
/, directors consisting of not less thal
three nor more than FIVE, who shall bs
, stockholders of the company, and who
shall be elected annually by the stock
r holders at such time aud in such nlannei
, as may be directed by the bylaws.
majority OF said directors shall consti
T tute a quorum for the transaction o
/ business il the number of directors shall
exceed three, bat in no event shall @
quorum be less than three. Said direc-
| successors are duly elected and qualified
= and shall have power to fill all.yacaiicie.
caused by death, resignation or other
wise.
.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 whom shall
hold their offices until removed by the
board.
SECTION 1A.
/, 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
operation not inconsistent with the pro
. visions of this charter with any bylaws
, adopted by the stockholders OF contrary
to law but the same may he revoked
altered or amended and other bylaws
{ may be adopted by the stockholders al
any general or special meeting.
SECTION X.
The stockholders shall meet annually
at such time and place aud upon such
|notice as shall be prescribed in the by
laws. At all stockholders meetings a
majority ofsll the stock shall constitute
la quorum Each stoclhelder 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 III accordance with Section 1874 o.
the Constitution of mississippi, and See
ton 837 ofthcAnnotated Code of 1892