The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1903-07-04
THE CHARTER OF INCoRPoRA-
TON

THE CHARTER OF INCORPORA.
TON
OF Chicago-Mississippi Land and
Lumber Company.
Article l. Know allimen by these
presents that Frederic b. McAlullen.
Herbert Y. McMullen, j. M. Cashln
and Il. b. Campbell desire to be incor-
porated, and that they and such other
persons as may be their associates
herein, are hereby created and consti-
tuted corporation, for the purpose of
pecuniary profit, under and by virtue
OF Chapter twenty-five of the Code of
Mississippi, Of the year 1892, and laws
amendatory thereof
Article ?. The name by which said
corporation is to be known is Chicago
Mississippi Land & Lumber Company.
Article 81 The purposes for which
said corporation is created are to pur-
chase, own, lease, hold and occupy
lands AID the timber standing thereon:
to own and operate saw mills for the
manufacture of logs into lumber: to
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 and
operate boats, trans and conveyors for
the handling and marketing of lumber:
to own and operate a general store ant
TO carry on general merchandising
business: to sell and lease or to culti-
Vate lands from which standing timber
mas been cut, and to market the pro
ducts thereof; to buy, own, sell and
lease any real estate or personal prop
erty or interest therein that the COZ.
.poration may deem necessary to use
In It's business; to buy, own or sell any
or all kinds OF personal property: to
to issue bonds, debentures, notes, or
other evidences of Indebtedness and to |
secure the same by mortgage or deed |
OF trust or collateral pledge.
Article 4. The powers to be exer-
clsed are the powers necessary,
proper and convenient to the ca frying
out OF the purposes, objects and bust
hess specified in Article 3 of this char.
ter. and such powers as are conferred
by Chapter twenty-five of the Code of
Mississippi, of the year 1892, and laws
thereof,
Article 5. The period forwhlch said
corporation is to exist shall be fifty
years.
Article 6. The main office and prin.
clpal place OF business Of said corpora
lion shall be at the City of Greenville.
Washington County, Mississippi, until
The said corporation shall have erected
is mills and thereafter its main office ,
ind principal place of business shall
De at it's principal mill 10 said county:
out said corporation may have branch I
Dffices in any other State or States as
he directors may by resolution deter
nine. Its business affairs and pruden-
ial concerns shall be governed, con-
rolled and managed by Board of
Directors of five persons, who shall 4
lold their office for one year each. and
utll tlreir successors are elected and
hall qualify. The Board of Directors
rom their own number, shall choose a
resident and a vice-presldent. They
hall also choose a secretary and a
Ieasurer, but it shall not be necessary
llaG such person, or persons. chosen
5 secretary or treasurer, or both .
hall be stockholder or director of :
aid corporation.
All directors shall be stockholders
the corporation and the sale by any Z
irector OF his stock therein shall, 4
ithOut more, operate as his resigna- Y
on from the Board of Directors. Z
The directors may adopt bylaws for y
re general management of the corpor- D
lion not Inconsistent with this char 4,
r or the general laws of Mississippi. u
Article :. The capital'stOck of said =
'rporat1on shall consist of four thous- =
I'd shares, Of the face or par value of Z
lie hundre d dollars each. making the
ggregate capital stock, the face or @
VI value OF four hundred thousand y
,llars. "
Article e The first meeting of the )
operators herein named, for the pur- "
'se Of organizing said corporation, n
all be held on the second Monday of z
ugust, in the year 1903, at IL o'c lock n
:, at the law Offices of Percy and Y
mpbell, in GreenvIlle, Mississippi, n
thout further notice; and if for any y
use, said meeting shall fail, then q
i'd corporators may meet thereafter. u
r the purpose of organizing said cor ~
ration, at such time and place, in n
ashington County, Mississippi, as z
~ be designated by the first named
rporator herein, by notice, in &
iUluSs " TIC OUHtE COI pUTdLOfS mere | r.
named five days before said meet IS
:; and at said meeting, whenever -
Id, said corporators may accept this IS
arter and open books for subscrip- &
MS to the capital stock of said cor Is
ration, and after fifty thousand dol &
$ of the capital stock shall have y
an subscribed for, the subscribers to Y
d stock can at once proceed to hold n
meeting, and 10 further z
Ianize said corporation by the cleo y
n of the directors herein named; q
d, Thereafter, the stockholders shall d
ct annually on the second Tuesday
in each year at the main q
ce and principal place of business
said corporation, in Washington -
lnty, Mississippi. Meetings of the &
actors, as well as special or called -
etings of stockholders, may be regu-
ID in the bylaws. y