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

Be it known that Allen Gray, B. Nc
Gregor, P. f. Happel, R. X. Williams
and T. J. Brummitt hereby associate
themselves together and that they and
their successors aud 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
conditions following, to- wit
SEcTIoN /.
The corporate name by which this
company is to, be known is THE
DAHOMEY LAND COMPANY.
SECTION H.
The names of the persons desiring to
form this corporation are the following !:
Allen Gray, B. McGregor, P. E. Happcl,
R. R. Williams and T. ]. Brummitt.
SECTION III.
The purposes for which this corpora
ton 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 dollnrs.
SECTION ~.
r.. ..~-., a.,4 ~: 4 x,,,rooo>c -, odd;tiov,
to the powers granted iii the preceding Sec
ton the said corporation shall have the
power and right to issue, notes, bonds,
debentures or other evidences of debt
either il, it's separate name or with that
of any other person, firm or corporation
with whom it may own 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 nets and
things necessary and convenient i'll the
Judgment of the officers and directors OF
the corporation III order to carry oat
the purposes hereof, and to have. possess
and enjoy all Of the rights, powers and
privileges created or conferred by OF
enumerated i'll chapter25 of the ammo.
tatcd code of 1892 which are necessary
and proper for carrying out the purposes
oil this charter.
SECTION Y. y
The domicle of this corporation shall
be at Dahomey in the County OF Bolival
in the State of Mississippi, but may be
changed Mt any time bv 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 Oh
diminished at any time by vote OF tho
holders OF majority OF the capita
stock thereof.
- SECTION VII.
The management of the business of The
corporation shall be vested i'll a board o
directors consisting of not less thar
three nor more than FIVE, who shall bs
stockholders of the company, and who
shall be elected annually by the stock
holders ut such time and in such manner
as may be directed by the bylaws. A
majority of said directors shall consti
tute quorum for the transaction o
business if the number of directors shall
exceed three, but In no event shall 9
quorum be less than three. Said direc
tors shall hold. their offices until theil
successors are daily 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 theil
board President and Secretary anc
Treasurer and may appoint or elect sucl
other officers, agents and employees al
they may deem proper, all of whom shal
hold their offices urtil removed by th'
board.
| Spcr1oN TX
The directors of the company .shal
have power and authority to adopt thu
seal Of the company and to make al
such bylaws, rules and regulations a
shall be necessary for the control ane
management of the business OF the cor
poration not inconsistent with the pro
visions of this charter, with any by-law'
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 a
any general or special meeting.
SECTION x.
The stockholders shall meet annual,
at such time and place and upon siici
notice as shall be prescribed in the by
laws. At all stockholders meetings {
majority of all the stock shall constitut
a quorum. Each stockholdcr shall b.
entitled to one vote for each share hel(
by him, but all elections for directors o.
managers of the corporation shall b
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