The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1903-07-25
THE CHARTER OF INCORPORA.
TON
OF Chlcago-Mississlppi Land and
Lumber Company.


Lumber Company.
Article |. Know al,men by thes
presents, that Frederic b. McMullen
Herbert Y. McMullen, J. NJ. Cashll
and r. b. Campbell desire to be incor
porated, and that they, and such othe
| persons as may be their associate
herein, are hereby created and consti
tuted corporation, for the purpose o
pecuniary profit, under and by virtu,
of Chapter twenty-five of the Code o
Mississippi, Of the year 1892, and laws
amendatory thereof.
Article 2. The name by which sale
corporation is to be known is Chicago
Mississippi Land s. Lumber Company
Article The purposes for which
said corporation is created are to pur.
chase, own, lease, hold and occup,
lands AID the timber standing thereon
to own and operate saw mills for the
manufacture of logs into lumber; tt
buy and sell lumber, logs, timber
posts, poles and blocks; to buy and sell
devices and patents useful in the man
ufacture of lumber; to own, lease anG
operate boats, trans and conveyors fO)
the handling and marketing of lumber:
to own and operate general store an(
to carry on a general merchandising
business; to sell and lease or to cult
vate lands from which standing timber
has been cut, and to market the pro
ducts thereof; to buy, own, sell ano
lease any real estate or personal prop
erty or interest therein that the cor
poration may deem necessary to US,
in its business; to buy, own or sell dn!
or all kinds of personal property: tt
to issue bonds, debeDtures, notes. Of
other evidences of indebtedness and t,
secure the same by mortgage or deco
of trust or collateral pledge.
Article 4. The powers to be eXer
cised are the powers necessary
proper and convenient to the carrying
out of the purposes, objects and bust
ness specified in Article of this char
ter, and such powers as are conferred
by Chapter twenty-five of the Code OF
Mississippi, Of the year 1892, and law
amendatory thereof.
Article 5. The period forwhlch sale
corporation is to exist shall be fift!
years.
Article 6. The main Office and prin
cipal place of business Of said corpora
tion shall be at the City of Greenville
Washington County, Mississippi, until
the said corporation shall have erected
its mills and thereafter it's main offic,
and principal place Of business shall
be at its principal mill in said county;
but said corporation may have branch
offices in any other State or States a.
the directors may by resolution deter
mine. Its business affairs and pruden'
tial concerns shall be governed, con
trolled and managed by a Board OF
Directors of five persons, who shall
hold their Office for one year each, ana
until their successors are elected and
shall qualify, The Board of Directors
from their own number, shall choose q
president and a vice-president. They
Shall also choose secretary ana
treasurer, but it shall not be necessary
that such person, or persons. chosen
as secretary or treasurer, OF ooGh,
shall be stockholder or director OF
said corporation.
All directors shall be stockholders
of the corporation, and the sale by any
director of his stock therein shall,
without more, operate as his resgna-
tion from the Board OF Directors.
The directors may adopt bylaws for
the general management OF the corpor-
alton NOT inconsistent with this char
ter or the General laws of Mississippi.
Article I. The capital'stock OF said
shall consist OF four thous,
and shares, of the face or par value OF
one hundred dollars each. making the
aggregate capital stock, the race OF
psr value of four hundred Thousand
Article 8; The first meeting OF the
herein named, for the pur-
nose of organizing said corporation,
hall he held ON the second Monday OF
August, in the year 1903, at II O'CLOCK
M at the law offices OF Percy ana
TamnbeIl. in GreenyIlle, Mississippi
without further notice; and II ior any
,ause, said meeting shall ialI, Gnen
aid corporators may meet therealteI'
ior the purpose of organizing SAID cor
,oration. at such time and place, 10
County, Mississippi, az
nav be designated by the first nameu
,ornorator herein, by notice; ID
writing, to the other corporaIors nere
n named FIVE days before said meet ,
no. and at said meeting, whenever
,eld. said corporators may accept tnls
ibarter and open books for su6scrip-
ions to the capital stock OF sad COT
,ora ton. and after fifty thousand dol-
ars of the capital stock shall nave
zen subscribed for, the subscribers "a
Aid stock can at once proceed 70 noau
Stockholders meeting, and 70 iurt Ine
r@anize said corporation by the ' eleG
ion of the directors herein na nSaii
NO.. thereafter, the stockholders s5 1i,
neet annually on the second iuesuay
+ Sentember in each year at tue man man
fice and principal place OF Dusiu ltoo
+ fi said corporation, in W asnl9g tSn
onnty. lssissippi. Meetings u a,Iad
irectors. as well as special OF cam an.
Feelings of stockholders, may Oe iek"
tied in the bylaws.