The Bolivar County Democrat., 1903-09-19
CHARTER OF INCORPORATION OF
The Farmers Land Coz pasly.

Re it know wn. Thnt Allen Gray, p. Nc
Gregor, Pc. Happel. R. R. Williams
and TT. Brumnitt, hereby associate
themselves together, and that they and
their successors and assigns are. hereby
created body polite aud corporate
under the laws of the State Of Mississip-
p, by the name, for the purposes, with
the powers, and subject to the terms and
conditions following. to-wit j:
SECTION L.
| The corporate name by which this
company is to be known is THE
FARMERS LAND COMPANY.
SECTION III.
The names Of the persons desiring to
TORN this corporation are the following
Allen Gray, B. McGrcgor, P. E. Happel,
R. r. Williams aud IT,, Brummitt.
SECTION III.
| The purposes for which this corpora
t 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 valre two hundred and
fifty thousand dollars.
| SECTION Nv.
To carry, out said purposes in addition
to the powers grantedin the preceding sec
tion the said corporation shall have the
power and right to issue, notes, bonds, de-
benturcs or other evidences of debt either
in its separate name or with that of any
other person, firm or corporation with
whom it may own orbe interested in
such real estate or personal property
either as tenant in common, joint tenant,
co-parcener or otherwise, -Gnd.eitier in
its separate name or with sucf other
person, firm or corporation to secure the
SAME by mortgage or deed Of trnst 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 common seaL ana
tile same to break, alter. or renew at
pleasure, and further to do all acts and
things necessary and convenient i'll the
j Judgment Of the officers and directors Of
the corporation in order to carry out
the purposes hereof, and to have, possess
and enjoy ell Of the rights, powers and
privileges created or confer red by or
enumerated in chapter 25 of the ammo
tated code of 1892 which are necessary
and proper for carrying out the purposes
of this charter
SECTION V.
The domicile of this corporation shall
be at Dahori,ey III, 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.
i 80 SECTION vi. n,
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-
f tute a quorum for the transaction ol
business if the nrnlber of directors shall
exceed three, but i'll 10 event shall a
tquorum 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. s
SECTION VIII.
. The said directors shall elect from their
board President and Secretary and
Treasurer and may appoint or elect such
other officers, agents aud employees as
they may deem proper, all of whom shall
hold their Offices until removed by the
board.
SECTION IL.
| The directors of the company shall
have power and authority to adopt the
seal of the company and to make al
such bylaws, rules and regulations a.
shall be necessary for the control an6
management of the business of the cor
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 aud place and upon sucl
notice as shall be prescribed in the by
laws. At all stockholders meetings {
majority Of all the stock shall constitut,
. a quorum. Each stockholder shall b,
, entitled to one vote for each share heIt
bv him, but ali elections for directors o.
managers of the corporatioi, shall b.
: held in accordance with Section 1914 o
the Constitutiohof.M Mississippi and See
ton 837 of the Annotated Code of 1892