Hattiesburg daily progress. (Hattiesburg, Miss.) 18??-1909, 1903-02-16
Charter of the Greek Lumber Com
pany- of Epps, Perry
County. MlSSiSSipps.

SIcdUmaQ anu u. ANdA anu cuCu OlACAc /
as may be associated with them are
hereby created corporation and body
polite to be known and designated as
the CREEK LUMBER COMPANY;
the domicile 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
mcnt in any court. They may have a
corporate seal and may change and I'll
ter the same ut pleasure and shall have
the rights, benefits and exemptions Civ
en- to 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 corpopations 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 it
may borrow money or create debts and
secure payment by mortgage. deed of
trust, OIL otherwise; may issue bonds
and secure them and may hypothicate
its franchise as we'll as 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
posedof wood, wholly 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 purchase and acquire lands, tim
Der and property needful and useful in
said enterprise; and they may make,
build, equip. and operate such dummy
lires, tram roads, cars, engines, and
machinery and such other conveyances,
dams, bitches. ponds. chutes, and booms
as 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 water works plants, ice factory,
turpentine and resin distllleries, and
they may cultivate turpentine orchards
and buy such products of turpentine,
timber, and other thing 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 foI
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. machl1-
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 mercantile 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 distileries 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 necesa
nv to the successful conduct Of their
said business
Sec. 3. The control and management
| Of said corporation shall be vested in Il
| board of directors to be composed OF
four stock whose numSer NAV
be increased ty vote of a majority of
the stockholders to seven who shall be
| che 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 II
the stockholders FROM any cause shall
| fail to elect directors on the date named
herein, or on the date hereafter fixed
| fo- such purpose, then they may do so
apy 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 resident, secretary and
| treasurer shall be elected, but the office
| of secretary and treasurer may be held
| by one person at the discretion Of the
stockholders; the said directors shad
| hold their Office for twelve monthsan d
| until their successors are elected and
qualified, but DO person shall be dl
rector of the corporation unless he be a
stakeholder therein. The board of di
rectors may appoint or elect all other
| officers, 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 and fix their
| com pensation as they may see proper.
but there shall lie no salaried officers
except superintendent and secretary
unless authorized by two-third vote OF
| the stock; the board may make such
rules, regulations and bylaws as may
| Re 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 board for the faith
| FIJI and efficient performance of their
several duties and for the safe keeping
of the money books and yaluables OF
said corporation coming Into their
hands respectively.
Sec. 4. The capital stock of the
Creek Lumber Company is hereby fixed
at S25, 900 to be divided into shares OF
80 each, but the corporation may com
mence business when 90 per cent of said
lcapital stock shall have actually paid
into the corporation, either in money OF
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 So per cent Of