The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-08-29
CHARTER OF INCORPORATION OF
The Dahomey Land Company.

Be it known that Allen Gray, 3. Nc
Gregor, P. E. Happel, r. X. Williams
and r. J. Brummitt hereby associate
themselves together and that they and
their SUCCESSORS and assigns are hereby
created. "a body polite and corporate
under tic laws Of the State Of Mississil,-
pi by the name, for the purposes, with
the powers, and subject to the terms and
conditions folio wing, to-wit:
SECTION I. M
The corporate name, by which this
company 10 to; be known is THE
DAHOMEY LAND COMPANY.
SECTION II.
The names Of the persons desiring to
form this corporation are the following !:
Allen Cray, B. McGregor, P. E. Hnppel,
R. II. Williams and 7. ]. Brummitt.
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 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 value two hundred and
fifty thousand dollars.
SECTION Nv.
To carry ont said purposes in addition
to the powers grantedin in the preceding sec
ton the said corporation shall have the
power and right to issue, notes, bonds,
debenturcs or other evidences of debt
either in Its separate name or with that
of any other person, firm or corporation
with whom it may o wn or be interested
in such real estate or personal property
either as tenant in common. joint tenant,
coparcener or otherwise, and either in its
separate name or with such other 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 or
enumerated in chapter rs of the anno-
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 DaIomey in the County Of Bolivar
in the State of Mississippi, but may be
changed ut any time by vote ofTthe
holders of a 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 a 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
ms may be directed by the bylaws. A
majority of said directors shall consti-
tute a quorum for the transaction Of
business If 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 and employees us
they may deem proper, all 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
,uch bylaws, rules and regulations ms
shall be necessary for the control and
of the business OF the cor
ooration not inconsistent with the pro-
visions of this charter, with any bylaws
adopted by the stockholders or contrary
10 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
1t such time and place andsnpon such
notice as shall be prescribed in the by
avs. At all stockholders' meetings q
of all the stock shall constitute
4 quorum. Each stockholder shall be
entitled to one vote for each share held
~ him. but all elections for directors or
OF the corporation shall be
,eld in accordance with Section 1874 ofl