The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1904-07-21
The Charter of the Columbus Yarn and cOrdaoe Co

Section /. Be II known that J. w. Steen
J. w. Jones and Ben. N. Love and such other
persons as may hereafter become associated
with them. are hereby created body corpo-
rate under the name and style Of, Columbus
Yarn and Cordage Company
Section , The purpose for which said cor.
poration is created is the manufacture and
sale of all sorts OF yarn Irvine, rope, cordage-
and all sorts of cotton cloth and ali products
made of cotton. The dOmicile OF said cOrpO-
ration shall be at Columbus in the State OF
Section 3. The corporation shall have sue
ceSsion for period of fifty years. aud may
sue and be sued, prosecute and be prosecuted
TO final judgement and satisfaction in all the
courts of law and equity. May have cOrpO-
rate seal and alter the same at pleasure May
contract and be contracted with, within the
limits of its corporate pow May acquire
and hold real and personal property necessary
and convenient for its purposes, not exceed
ing in value the statutory limit and may sell.
lease or otherwise dispose Of the same. May
borrow money and secure the payment OF the
same by mortgage. deed OF trust or otherwise
May Issue bonds and secure their payment 10
the same Way ana shall nave ana exercise
al the powers. privileges and imnunities, con
sistent with its purposes that are now or may
hereafter be granted to corporations by the
general laws of the State OF MISSISSIPPI. ana
may have and exercise all the powers Incl
dental or convenient for the carrying out OF
said before named purposes
Sections. Said corporation may have officers
and agents at any place or places, that it may
desire, and may own, operate and lease fac
tories and conduct its business, or any branch
thereof at any place it may desire
ny shall be ten thousand dollars. divided into
shares of one hundred dollars each. and said
corporation shall organize and commence
business whenever said amount shall have
been subscribed and paid
Section 6. The management and control of
the affairs of said corporation shall be vested
in board OF not more than five nor less than
three directors to be elected BY the stock
holders, who shall hold their oh1ces for Il
term of twelve months and until their sue
cessors are elected and qualified. \ majority
OF said board of directors shall constitute a
quorum for the transaction of business OF
every kind. and they shall elect one OF their
number to be president and treasurer and one
to be vice president and one to be secretary
and general manager. Said board OF directors
may appoint or employ such other Officers,
agents and employees as they may deem eX
pedient and proper, may fix their cOmpenSa-
tiOn powers and duties and term Of office and
remove them at pleasure. Said board OF di-
rect0rs may hold their meetings at any place
agreed upon by said board. and shall have
power to make any rules regulations and by
laws by them deemed necessary or useful.
provided the same are not in conflict with the
laws of the land. and change or amend the
same at their pleasure.
Section z. This charter shall be in full force
from and after its approval, and the first
meeting of stockholders. for the organization
thereof. may be held at any time and place.
by the mutual consent OF all the stock sub
Scribers.