The Bolivar County Democrat., 1903-09-19
CHARTER OF INCORPORATION OF
The Alfalfa Land Company.

Be it known that Allen Gray, B. Nc
Gregor, P. Z. Happel, R.R. Williams and
T. ]. Brummitt hereby associate them
selves together and that they and their
SUCCESSORS and assigns are hereby created
a body polite and corporate Under the
laws OF the State Of Mississippi by the
name, for the purposes with the powers,
and subject to the terms and conditions
following, to-wit
SECTION L.,
| The corporate name by which this
company is to be known is THE
ALFALFA LAND COMPANY.
SECTION II.
The names of the persons desiring to
form this corporation are the following:
Allen Gray. B. McGregor, +. E. Happcl,
X. r. Williams and T. J. Brummitt.
SECTION, Ill.
! The purposes for which tliis 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 w. :.
To carry out said purposes in addition
to the powers granted in the preceding sec
ton the said corporation shall have the
power and right to issue, notes, bonds
debenttres or other evidences of debt
either i'll it's separate name or with that
of any other person,, firm or corporation
with whom it may own or be interested
i'll such real estate or personal property
either as tenant i'll common, joint tenant
ooparcener or: otherwise, and either i'll its
separate name or with such other per
son, firm or corporation to secure tht
same by mortgage or deed OF trust or
said property or otherwise to sue ant
be sued, to'contract and be contracted
with, to plead and to be pleaded with
the same to break, alter, or renew al
pleasure, and further to do all acts ant
things necessary ard convenient in til,
iudTmcilt Of the officers and directors o
the corporation in order to carry out
the purposes hereof, and to have. pos
sess and enjoy nll'of the rights, powers
and privileges created or conferred by
or enumerated in chapter 25 Of th'
annotated code OF 1892 which are neces
sary and proper for, carrying oat TIL
purposes Of this charter.
SECTION v.
The domicile of this corporation shal
be ct Daforley il, the County, of Boliva
, in the State of Mississippi, but may b.
. changed at any time by vote of th
holders of a majority of the stock thereof
SECTION VI. Il, =.
The capital stock Of this corporation
shall be sixty thousand dollars, dividet
| into six hundred shares of one hundre,
/. dollars each, but may be increased o
. diminished at any time by vote Of tn
holders of majority of the capita
stock thereof
SECTION VII.
. The management of the business Of th
f corporation shall be vested in boar,
of directors consisting OF not less thai
. three nor more than five, who shall b
stockholders of the company, and WIN
shall be elected annually by the stock
holders at such time and in such manne
as may be directed by the bylaws.
majority of said directors shall consti
f tute quorum for the transaction c
| business if the number of directors shal
, exceed three, but in no event shall
quorum be less than three. Said diree
r tors shall hold their Offices until thei
successors arc duly elected and qualife
) and shall lieve power to fill all vacancie
: caused by death, resignation or Other
wise.
SEcrIoN VIII.
r The said directors shall elect from tliei
|
, Treasurer and may appoint or elect sue
, other officers, agents and employees. a
| they may deem proper, all of WHOM
: shall hold their Offices until removed b.
the board.
SECTION TX.
| The directors Of the company slial
E have power and authority to adopt tn
| seal Of the company and to make a
> sucl, bylaws, rules and regulations a
| shall be necessary for the control an
management of the business of the col
: poration not inconsistent with the pre-
8 visions of this charter; with any bylaw
adopted by the stockholders OF contrar
to law, but the same may be revoked
S altered or amended and other bylaw
t may be adopted by the stockholders a
any general or special meeting.
SECTION X.
7 The stockholders shall meet annual
I at such time and place and upon sue
: notice as shall be prescribed III the by
4 laws. At all stockholders meetings
c majority of all the stock shall constitut
c quorum. Each stockholder shall b
] entitled to one vote for each share hel
+ by him, but all elections for directors o
e managers of the corporation shall b
f held in accordance with Section 1914 {
: the Constitution of Mississippi, and Se'
| Cal. 4 Ons