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

! Be it known, That Allen Cray, B. NC.
Gregor, P. E. Hnppel, r. r. Williams
aud T. J. Brummitt, hereby associate
themselves together, and that they and
their Successors and assigns are hereby
created body polite and corporate
under the laws Of the State Of Mississip
pi, by the name, for the purposes, will
the powers, and subject to the terms and
conditions following, to-wit:
SECTION 1.
The corporate name by which this
company is to be known is THE
FARMERS LAND COMPANY.
SECTION IL.
(. The names Of the persons desiring tu
form this corporation are the following
Allen Gray, B. McGregor, P. 3. Happel
R. X. Williams and T. j Brummitt.
SECTION III.
Tile purposes for which this corpora
| t on are created are to purchase, acquire
take, hold, own, improve, develop, lease
possess, and enjoy real estate eithct 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.
J. SECTION w.
To carry out said purposes in addition
to the powers granted in the preceding sec
tion tile said corporation shall have thu
power andright to issue, notes bonds, de
bentures or other evidences Of debt eitheI
in its separate name or with that of an,
other person, firm or corporation with
whom it may own or be interested il
such real estate or personal property
either as tenant in common, joint tenant
co-parcener or otherwise, and either if
its separate name or with sucllot
person, firm or corporation to secure thu
same by mortgage or deed of trust or
said property or otherwise to sue and
be sued, to contract aud be contracted
with, to plead and to be pleaded with
and have and rse a common seal, anc
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 o
the corporation ii, order to carry out
the purposes hereof, and to have, possess
and enjoy all Of the rights, powers and
privileges created or COME, red by OF
enumerated III chapter 25 OF the ammo
tated codes 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 Dahomey III the county of Bolivar
in the State of Mississippi, but may be
changed at any time by vote of the
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 q majority of the capital stock
thereof
~t SECTION VII.
The management Of the business of the
corporation shall be vested in a board OF
directors consisting of not less than
three nor more thanfi five, who shall be
stockholders of the company, and who
shall be elected annually by the stock
holders at silch time and in such manner
a. 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 i'll no event shall a
quorum be less than three. Said direc-
tors shall hold their Offices until their
successots 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 as
they may deem proper, all Of whom shall
hold their offices until removed by the
board.
SEcTIoN IN.
The directors of the company shall
have power and authority to adopt the
seal OF the company and to make all
such bylaws, rules and regulations as
shall be necessary for the control and
management Of the business Of the cor
,poration 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
any general or special meeting.
SECTION x.
The stockholders shall meet annually
at such time and place and.Hpon such
notice az shall be prescribed in the by
laws. At all stockholders meetings a
OF all the stock shall constitute
quorum. Each stockholder shall be
entitled to one vote for each share held
bv him, bit all elections for directors or
managers Of the corporation shall be
held in accordance with Section 1914 OF
Af:.z:....