The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-08-22
CHARTER OF INCORPORATION OF
The Dahomey Land Company.

their successors and assigns are hereby
created a body polite and corporate
under the laws of the State of Mississip-
pi by the name, for the purposes. with
the powers, and subject to the terms and
following, to-wit;
SECTION l.
The corporate name by which this
company is to he known is THE
DAHOMEY LAND COMPANY.
SECTION II.
The names Of the persons desiring to
form this corporation are the following
Allen Gray, B. McGregor, P. E. ,Happel,
R. R. Williams and T. ]. Brunmitt.
SECTION III.
The purposes for which this corpora
tion are created are to purchase, acquire,
take, hold, own, improve, develop, lease,
possess and enjoy real estate eitherin
fee simple or otherwise, either as 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 Nv.
To carry out said purposes in addition
to the po owers granted in the preceding Sec
tion the said corporation shall have the
power aud right to issue, notes, bonds,
debentures or other evidences Of debt
either in its separate naine or with that
Of aiiy other person, firm or corporation
with whom it may own or be interested
in such real estate or personal property
either as tenant Uncommon, joint tenant,
coparcener or otherwise, and either in its
name or with such thcr person,
firm or corporation to secure the same
bv mortgage or deed OF trust 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 a common seal, and the
same to break, alter or renew at
pleasure, and further to do all acts and
things necessary and convenient in the
judgment of the officers and directors Of
the corporation i'll order to carry out
the purposes hereof, and to have, possess
and enjoy all Of the rights, powers and
privileges created or conferred by OF
enumerated in chapter 25 of the anno-
tatcd code of 1892 which are necessary
and proper for carrying out the purposes
OF this charter.
SECTION v.
The donicile of this corporation shall
be at Dahomey in the County Of Bolivar
in the State of Mississippi, but may be
changed Mt any time by vote of the
holders of 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 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
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-
tute a quorum for the transaction Of
business il the number of directors shall
exceed three, but in no event shall
quorum 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.
SECTION VIII.
The said directors shall elect from their
board President and Secretary and
Treasurer and may appoint or elect such
other officers, agents aisd employees as
they may deem proper, ali of whom shall
hold their Offices until removed by the
board.
SECTION TX.
The directors of the company shall
have power and authority to adopt the
seal OF the company and to make all
such bylaws, rules and regulations rs
shall be necessary for the control and
of the business OF the cor
poration not inconsistent with the pro-
visions of this charter, with any bylaws
adopted by the stockholders or contrary
to law, but the same may be revoked,
altered or amended and other bylaws
may be adopted by the stockholders at
any general or special meeting
SECTION X.
The stockholders shall meet annually
at such time and place and upon such
notice as shall be prescribed in the by
laws. At all stockholders meetings a
majority Of all the stock shall constitute
n quorum. Each stockholder shall be
entitled to one vote for each share held
by him, but all elections for directors or
of the corporation shalt be
held in accordance with Section 1914 of
the Constitution of Mississippi, and Sec
ton S37 of the Annotated Code of 1892.
SECTION XII.
No, stockholder Of the corporation
shall be i'll any way personally liable for
the debts of the company beyond the
amount of his unpaid subscription Of