Hattiesburg daily progress. (Hattiesburg, Miss.) 18??-1909, 1903-02-14
Charter of the Greek Lumber Com
pany of Epps, Perry
County. NiSsiSsl9t1;.

hereby created a corporation and body
polite TO be known and designated as
fhe CREEK LUMBER COMPANY;
the doiBiciIe Of which is at Epps, Miss,
and the said corporation shall have sue
cession for fifty years and as such corpor-
alton may contract and be contracted,
sue and be sued. plead and be implead-
ed, prosecute and be prosecuted TO judg-
Drnt in any court. They may have
corporate seal and may change and al
ter the same 1T pleasure and shall have
the rights, benefits and exemptions Civ
en- 10 like corporations by chapter % of
the Annotated Code of Mississippi and
amendments thereto so far as the same
shall be applicable TO said corporations
and may have all such other powers as
like corporations have either by statute
or common law They shalt have the
power to purchase. acquire and hold
property, real, personal and mixed,
necessary and proper for this purpose,
| not exceeding value allowed by law.
and may sell least. contract, mortgage
and dispose of same at pleasure: and 1t
may borrow money or create debts and
secure payment by mo tgage. deed of
trust, Oh otherwise; nay issue bonds
and secure them and may hypothicate
its Franchise as we'll az its property.
Sec. 2. The purposes for which
this corporation is created are to en-
gage in and prosecute the manufac-
turing of all kinds of products either
finished or partially finished, COM
uosedof wood, who " or partially, and
the manufacturing of lumber and tim
bers and also in the manufacturing of re
sin and pirits Of turpentlne. bri k, til
ing, and pottery and for this end
they may erect, keep, put up,
and operate such machinery,
mills, aud appliances as may
be necessary and useful for the manu-
featuring Of lumber or other wood
products and also for manufacturing of
brick, tiles, and pottery and to that end
may urchase and acquire lands, tim
Der and property needful and useful in
said enterprise; and they may make,
build, equip, and operate such dummy
hres, tram roads, cara. engines, and
machinery and such other conveyances,
dams, bitches, ponds, chutes and boomS
az may be necessary or useful for con
veying timber and holding same for
said saw and planning mills. They
may also erect, acquire, hold, and
operate telephones, telegraph and
telephone lines, electric light
and wafer works plants, ice factory,
turpentiue and resin dist1lieries, and
they may cultivate turpentine orchards
and buy such products of turpentine,
timber, and other thin gs that may be
necessary or useful to any or all Of the
foregoing objects; and they may erect,
put up, own, and acquire such tele-
phone, Telegraph, and electric light
poles, wires and plants as may be
necessary or useful for the purposes fol-
which they are intended, and they may
string thereon such wires as may be
useful, and needful and keep, own and
operate all such attachments, machln-
cry, etc, that may be useful or neces-
Sary to said business or any part there
of. They may also purchase, acquire
and erect store buildings and operate a
general mer camille business, both retail
and wholesale, AID may buy, sell and
dispose of goods of any and all kinds,
and may establish such branch stores
and such branch saw and planlng mills
and turpentine distilleries as they may
think proper or necessary and may es-
tablish such lumber yards, such offices
and land agencies in this state or out of
it that they may think useful or uecesa
ry TO the successful conduct of their
said business
Sec. 3. The control and management
Of said corporation shall be vested in
board Of directors to be composed of
four stockholders whose numSer NAV
be increased ty vote of majority Of
the stockholders to seven who shall be
chs sen annually on the first day of
March, 1903, and annually thereafter
unless said stockholders shall. by reso-
luton or by law, change the date of an
nual meeting to some other day, and if
the stockholders FROM any cause shall
fail to elect directors Oh the date named
herein, or on the date hereafter fixed
for such purpose, then they may do so
any day upon notice thereof duly served
for at least ten days on said stockhold
ers Said directors shall he elected by
majority vote of the stock as directed
by law and from said directors a presi
dent, vice president secretary and
treasurer shall be elected, but the office
of secretary and treasurer nay be held |
by one person at the discretion of the !
stock holders; the said directors shad |
hold their Office for twelve monthsaa d |
until their successors are elected and |
qualified, but DO person shall be dl
rector of the corporation unless he be a |
stockholder therein. The board Of di |
rectors may appoint or elect all other |
agents and employees and fix |
their COMPENSATION as may be deemed !
necessary or proper for the successful |
cOndct and management of said busl
ness and may also employ such labor
ers, servants and agents ana fix their |
com pensation as they may see proper. |
but there shall he no Salaried officers |
except superintendent aud secretary |
unless authorized by two-third vote Of |
the stock; the board may make such |
rules, regulations and bylaws as may
he useful and necessary for the proper
and efficient transaction Of the business
Of the corporation and may require of |
any or all Of its officers. agents and
employees to give bond in such sums as
may be fixed by the hoard for the faith
FIJI and efficient performance of their
several duties and for the safe keeping
Of the money. books aud Yaluables of
said corporation coming into their
hands respectively.
Sec. 4. The capital stock of the
Creek Lumber Comp8ny is hereby fixed
at S25. 600 to be divided into shares of
80 each, but the corporation may com
mence business when 20 per cent of said
capital stock shall have actually paid
into the corporation, either in money or
property as hereinafter provided. The
said corporation shall have power to
issue 40 per cent of its capital stock
as preferred stock, but such preferred
stock shall not be issued except upon
the authority by vote of 50 per cent OF
the stock. and in the event that
~ aforra6 stoclz oholl be isSnad tho |