Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1903-04-09
The Charter of lnc0rpora-
ton of the Oxford Oil
Mill Company.

SECTION 1. B. T. Kimbrough, 8. Fl.
Plant, j. w. T. Falkner. F. NJ. Showers,
T, H. Somerville, j. E. Nelson. and
others now or hereafter associated
with them and their successors and
assigns, are hereby created a corpora
ton, by the name of The OXFORD OH
MILL COMPANY, for the term of FIFTY
years. with all the powers and privi-
leees given by the laws of this State
to such corporations.
Section 2. This corporation is Great
ed for the purpose of ginning Cotton,
manufacturing cotton seed into Oil and
other products, storing Cotton; buying
and selling Cotton, Cotton Seed, and
the products thereof. Also for the
purpose of manufacturing, handling
and selling Ice ana Fertilizers when
desired; supply Light and Power by
Electricity or steam; make n sell
Brick and Tiles, and other clay pro-
ducts.
Section 8. The principal site of said
corporation shall be at or near the
town of Oxford, in the County OF La
Fayette, and State of Mississippi.
Section 4. The first meeting of pc 3
| sons in interest in said corporation
| may be called by the notice, verbal or
| written, of the time and place OF the
meeting given to all such persons in
terested, in person or by mail, sufficl-
emit time being given to get to the
place of meeting; which notice may
be given by the first four persons
named in this Charter, or some one by
them authorized to do 30.
Section 5. The capital stock OF said
corporation shall not exceed $50, 0OO.OO
But the corporation may organize and
begin business when $40, OF has
been subscribed and $40, 0G0.e 0 there
of been paid in; divided into shares OF
$4,000 each.
Section 6. The said corporation
shall manage its business by a Board
of Directors elected by the stock
holders, and such agents, officers and
employees as said B ard shall elect.
And, by said Board exercise all the
powers given by Law to said corpora
ton, except the power to make by
laws which shall reside in the stock
holders, but may be delegated by them
to the Board of Directors.
Section 7. The stock holders, at the
first meeting. or SO soon thereafter as
convenient, shall fix the number OF
Directors and elect them, who shal
continue in office till the next annual
stock holders meeting, and till their
successors are elected. But no one
shall be a director who does not hold
in his own right $500. 90 of the stock
And sale of his stock by a director til
he does not so hold said amount sinai
thereby vacate his said office. The
Board of Directors shall fill all vacan'
cies in said Board till the next election
of full Board.
Section 8. The first Board of Direc'
tors shall hold its first meeting thu
same day elected, or as soon there
after as convenient, and shall, at sait
meeting, or as soon as convenient
name the officers of said corporation
and fix the pay of each, who shall holt
the same for n year, and until thell
successors are elected, unless soone
dismissed by the action of said Board
for all officers and employees shal
hold subject to the will of said Board
Section 8. There shall be an annus
meeting of the stock holder OF sal
corporation for the purpose OF elect
ing Directors, and t~ransacting sue
, other business as they e fit pertain
! ing to the corporation, held on tn
first Monday of May, unless som
? other time is fixed by the Board 9
Directors; and there may be q ca
meeting Of the stock holders, Gale
+ by the Board of Directors, or by STOCK
folders holding a majoriny OF tn
stock, at any time they see ut.