The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-09-05
CHARTER OF INCORPORATION OF
The Alfalfa Land Company.

L. j. DfumnllII hereby aSSOciute tHeIn-
selves together and that they and their
successors and assigns are hereby created
n body polite and corporate under the
laws OF the State of Mississippi by the
name, for the purposes, with the powers,
ard subject to the terms and conditions
following, to-wit:
SECTION I.
The corporate name by which this
company is to be known is THE
ALFALFA LAND COMPANY.
SECTION II.
The names of the persons desiring to
form this corporation are the following:
Allen Gray, B. McGregor, T. E. Happcl,
r. r. Williams and T. ]. Brummitt.
SECTION III.
The purposes for which this corpora
ton are created are to purchase, acquire,
take, hold, own, improve, develop, lease,
possess, and enjoy real estate either in
fee simple or otherwise, either ms 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 ".
To carry out said purposes In addition
to the powers granted in the preceding sec
ton the said corporation shall have ths
power and right to issue, notes, bonds
dcbentures or other evidences Of debt
either i'll 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 in common, joint tenant
coparceiler or otherwise, and either in its
separate name or with such other per
son, firm or corporation to secure th.
same by mortgage or deed OF trust or
said property or otherwise to sue ant
be sued, to contract and be CONTRACTED
with, to plead and to be pleaded with
and have and use a common seal, ane
the same to break, alter or renew al
pleasure, and further to 60 all acts ant
things necessary; ard convenient in the
Judgment Of the officers and directors o
the corporation in order to carry out
the purposes hereof, and to have, pos
sess and enjoy all Of the rights, power.
and privileges created or conferred by
or enumerated in chapter 25 OF tn.
annotated code OF 1892 which are neces
sary aud proper for carrying out tn.
purposes Of this charter.
SECTION Y.
The domicile of this corporation shal
be at Dahon,ey IN the County of Bolivar
in the State of Mississippi, but may b'
changed at any time BY vote of thu
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
dollars each, but may be increased o.
diminished at any time by vote of tn,
holders Of majority Of the capita
stock thereof.
SEcTfoN VII.
The management OF the business of tn,
corporation shall be vested in boart
Of directors consisting Of not less tlia,
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 consti
tute a quorum for the transaction 0
business If the number of directors shal
exceed three, but III no event shall 6
quorum be less than three. Said direc
tors shall hold their Offices until theil
successors are duly elected and qualified
and shall have power to fill all vacancie.
caused by death, resignation or other
wise.
- SRcT1oN VIII.
The said directors shall elect from thcil
beard a 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 b,
the board.
SECTION TX.
The directors Of the company shall
l,<,, I'D - IA.
seal of the company and to make al
such by-laws, rules and regulations n.
shall be necessary for the control and
management of the business of the COT
poration not inconsistent with the pro
visions Of this charter; with any bylaw.
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 al
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 6
majority of all the stock shall constitut.
quorum. Each stockholder shall b.
entitled to one vote for each share held
by him, but Rll elections fer directors OF
managers of the corporation shall b.
held in accordance with Section 1914 o
the Constitution Of Mississippi and Sec
tion S37 of the Annotated Code OF 1892
SECTION XI.
No stockholder OF the corporation
shall be in any way personally liable foi