The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-09-05
CHARTER OF INCORPORATION on
The Black Lands Coinpany,

Be it known that Allcs GRAY, n. Nc
Grcgor, p Z. Happel r. r. HiiIiam9
and 7. ]. Brummitt Hereby associate
themselves together md that they and
their Successors and assigns are hereby
created body polite mud corporate
under the laws Of The State OF Mississip-
pi by the name. for the purposes, win
! the powers, and subject to he terms aud
conditions following, .to-wit:
SECTION /.
The corporate name by which this
company is to be known 10 THE
BLACK LAMBS COMPANY.
SECTION IL.
| The names Of the persons desiring to
form this corporation are the following
Allen Gray, B. McGregor, P. E. Happel.
K. r. Williams and r. J. Brummitt.
SEcTIoN III.
The purposes for which this corpora.
tion are created are to purchase, acquire.
take, hold, own, improve, develop, leasS.
possess, and enjoy reel estate either Id
fee simple or otherwise, either ns solt
owner. tenant IN common, joint tenant
or coparcener with another. the whols
not to exceed il, value two hundred ana
fifty thousand dollars.
4 SECTION Nv.
To carry ont said purposes III addition
to the powers granted in the preceding
cact;.,., Az . :, ~ .L,u -.
the power and right to Issue, notes.
bonds. debentures or other evidences of
debt either in its separate name or will
that Of any other person, firm or corpo-
ration with whom it may 0 wn or be In
terested i'll 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 by 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 COM
mon seal, and the same to break, alter
or renew at pleasure, aud further 10 do
all acts and things necessary and con-
venient in the Judgment Of the officers
and directors Of the corporation in order
to carry out the purposes hereof, and 70
have, possess and enjoy all Of the rights.
i powers and privileges created or con-
ferred by or enumerated III chapter 25 81
ofthe annotated code Of 1892 which are
necessary and proper for carrying out
the purposes of this charter.
/ SECTION v.
{! The dorlicilc OF this corporation shalt
be at Dahonev in the county Of Bolivar
iii the State Of Mississippi, but may hc
changed at any time by vote Of the
holders Of a majority Of the stock thereof.
| SECTION vi.
i 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.
I. The management OF the business of the
corporation 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 III such-nianncr
as may be directed by the bylaws. A
majority OF said directors. shall consti-
tute quorum for the transaction Of
business if the number Of directors shall
exceed three, but in no event shall a
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
Ewise.
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 40
they may deem proper, nll 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 the company and to make all
such bylaws, rules and regulations as
Eshall be necessary for the control md
management Of the business of the cor
fporation 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
at any general or special meeting.
SECTION X.
8 The stockholders shall meet annually
at such time and place and upon such
notice as shall be prescribed in the by-f
laws. At all stockholders' meetings "a
|majority fall the stock shall constitute
a quorum. Each stockhoider shall be
entitled to one yo . for each share held
by him, but all elections for directors or
managers of the corporation shall be
held i'll accordance with Section 1914 OF
I tLa Nouststuf;o,, ~ M;sc;uc;,>,,s ct.l c.<ss