The Kemper herald. (Scooba, Miss.) 1875-1908, 1904-09-08
Charter Of Incorporation o. the
pcrtcTville Gin Company.


49, AfRH " AF NAN1 ~ y
become ockhoiders, their successors
and assigns, are hereby created a body |
polite and corporate, under the name
and style OF THE PoRTERvILLE GIN CON-
rANY, and as such shall have succession
for fifty 800 years and said corpora
ton is hereby authorized and made cap |
able 10 have and to hole, purchase, re-
ceive and enjoy real estate and personal
property necessary and proper for lite
purposes, and TO hold, use and enjoy |
such real estate, in fee sim pie, or other
wise, and the same, or part thereof,
or the said personal property, to cell, |
rent, lease, convey, mortgage or other |
wise encufnber 10 issue notes, bonds, |
or other evidences Of debt:
TO sue and be sued; to contract and be
contracted with; TO plead and be plead. !
ed With; to use a common seal, and the
same 10 break, alter or renew at pleas
ure. The domicile of SAID corporation
shall be P~oRTERyILLE, in KEApER CoUN-
TY, MISSISSIPPI, hut may be changed
from time to time, by a vote of the
holders of a majority of the stock OF said
corporations; but meetings OF the direct.
oTs or stockholders may be held at any
place, within or without the State OF
Mississippi, 10 be fixed by a majority Of
said directors, or the holders OF q ma
lorlty OF the stock, respectively, and the
meeting or meetings for the purpose OF
organizing hereunder, and the frat
meeting OF stockholders and directors
may DE held at the said domicile OF said
corporation, or az any other place in the
State OF Mississippi, to- he fixed by a
majority, in number, of the %incorpora-
tore, stockholders or directors, respec-
lively. publication 6f notice Of first
meeting OF perBons in interest is hereby
dispensed with.
SECTION II.
The purposes for which said CORPORA
tiou ls created are, and it is hereby au-
thorized and empowered 10 rent, lease,
construct, own, operate, and maintain
such mills, plants, factories, or estab-
lishmsnts as may be necessary, useful.
proper or convenient for the manufac-
ture OF, to engage in the manufacture
oil, and to buy and sell, and deal in, for
cash or on credit, and to hold and store,
cotton seed oil, cotton seed cake, cotton
seed meal, and any product or article
into which cotton seed, or cottou, or the
product or products OF either or both
may be manufactured, to gin and clean
cotton, and cotton seed to compress
and bale lint cotton into bales or other
shapes by mechanical processes, and
Tor such purposes TO rent, lease, con-
sfruct, own, operate, and maintain sueh
glnnerles, presses, congresses or other
structures as may be necessary or con-
venient, aud to buy, sell and deal in
and store cotton seed hnlls, and lint
cotton (bsled and unbsled), and further
to o all acts necessary or convenient,
IN the judgment of the officers and di
rectore OF said corporation, for the wei
fare and business of said company; snd
said corporation shall have, possess, and
enjoy ell the righte, powers and privi-
leges created or conferred by, or emu.
merated 10 Chapter % of the Annotated
Code of 1892, which are necessary and
proper for carrying out the purposes OF
this Charter.
SECTION III.
The Capita Stock of said corporation
shall be Five Thousand is 900 O0) Dol.
lars, divided into fifty shares of the par
value OF One Hundred ($l00.O0) Dollars
each.
SECTION ".
The management of said business
shall be conided 10 a Board of Direct
ore, consisting OF such a number, not
leFs than three, IS may, from time TO
time, be determined by a vote of the
holders OF a majority OF the capital stock
OF aid company. The said directors
shall be stockholders OF said CORPORA
ton, and shall be elected annually by
the stockholders of said company, and
a majority OF said directors shall con.
stitute a quorum tor the transaction of
business. The said directors shall elect
from their number q President, and a
vice President, and shall also elect a
Secretary u Treasurer, and NAV elect
or appoint such other officers, agents or
employees as they may deem proper
and said directors shall hold their of.
until their successors are elected
n duly qualified, and shall have pow-
or TO I'LL all vacancies in their number
caused by death, resignation or other
wise.
SECTION v.
The Directors of said COMPANY shall
have power and authority to make any
n all rules, bylaws ond regulations
Tor che control and management OF the
affairs and property of said
company, n may, from time to time.
alter or renew the same as they see fit.
SECTION vi.
At all stockholders meetings, a vote
n holders of a majority of the capI~
tai stock OF said corporation, then pres
emit, in person or by proxy, shall decide
all questions submitted at said meeting.
Each stakeholder shall be entitled 10
one vote for each share of stock held
by him, it or her, but all elections for
or Managers Of said corpora
tion shall be held in accordance with
Section l94 OF the Constitution of the
State of Mississippi, and Section s37 of
Annotated Code of the State Of
Mississippi.
SECTION VII.
No stakeholder OF said corporation |
be IN any way personally liable for
,he debts of said company beyond the
mount OF his, her or its unpaid sub.
'criptions to said capital stock,
SECTION VIII.
All subscriptions to said capital stock
nal be paid for in cash or IN property.
SECTION IN.
Any two of said incorporstors NAV
'pen books of subscription to the capi-