The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1903-08-29
CHARTER OF incorporation OF
The Alfalfa Land Company.

:
/. Be It known that Allen Gray, B. Nc
Gregor, P. e. Happel, X. r. Williams and
T. J. 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 ofthe. State Of Mississippi by the
name. for the purposes, with the powers,
and subject to the terms and conditions
following, to-Mit. ! a..
i SECTION I.
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,: T. b. Happel,
X. r. Williams aud T. ]. Brumniitt.
- SECTION III.
The purposes for which this corpora
tion are created are to purchase, acquire,
take, hold, own, improve. develop, lease,
possess, and enjoy real estate either il,
fee simple or otherwise, either ms 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 Nv.
To carry out said purposes In addition
to the powers granted in the preceding sec
tion the said corporation shall have the
power and right to Issue, notes, bonds,
debentures or other evidences Of debt,
either III its 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 per-
son, firm or corporation to secure the
same by mortgage or deed Of trust OH
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 common seal, and
the same to break alter or renew at
pleasure, and further to do all acts and
things necessary and convenient in the
Judgment of tho officers and directors of
the corporation in order to carry out
the purposes hereof, and to have, pos
sess and enjoy iii Of the rights, powers
and privileges created or conferred by
or enumerated in chapter 25 OF the
annotated code Of 1892 which are neccs-
sary and proper for carrying out the
purposes of this charter.
SECTION V.
The donicile Of this corporation shall
be at Dahomev In the County of Bolivar
in the State Of Mississippi, but may be
changed at any time by 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 Al x 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.
Tie management Of the business Of the
shall be vested IN 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 in such manner
as may be directed by the bylaws. A
majority of said directors shalt consti-
tute quorum for the transaction of
business if the number Of directors shall
exceed three, hut 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
wise.
SRcTIoN VIII.
The said directors shallelect from their
beard 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 TX.
The directors of the company shall
have po wer and authority to adopt the
seal Of the company and to make all
such bylaws, rules aud regulations as
shall be necessary for the control and
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 upon such
notice as shall be prescribed In the by
avs. At all stockholders meetings a
majority of all the stock shall constitute
a quorum. Each stockholder shall be
entitled to one vote for each share held
BY him, but all elections for directors or
of the corporation shall be
held in accordance with Section 1914 OF