The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1904-08-25
The Charter of incorporation of The Dodson PioN
COMPANY

Sec l. Be it known that w. c. Mcclure,
w. ). Mullins and such other persons as may,
hereafter become associated with them are
hereby created body corporate after the
name and style of The Dodson Plow Company.
Sec. ?. The purpose for which said corpora
ton created is the manufacture and sale OF
plows. cotton scrapers, cotton planters and
agricultural and domestic implements generally
in Columbus, Mississippi and at such other
place or places as il may elect.
Sec. 3. The said corporation shall have
succession for a period OF fiftv {5O) years May
sue and be sued, prosecute and be prosecuted
to judgment and satisfaction before any court
OF law or equity, may nave a corporate seal
and alter the same at pleasure, may contract
and be contracted with within the limits of its
corporate powers. May acquire ana hOld real
and personal property necessary and proper
for its purposes by gift purchase otherwise
not exceeding in value the statutory limit. nd
may lease. convey and dispose of the same,
may borrow money and secure the payments
by mortgage or otherwise may issue bonds
and secure them in the same way. hypothecate
them and its franchise and may have all other
powers privileges and immunitfes consistent
with its purposes that are or may be granted
to corporations by the generallaws of the State.
See A. The domicn of said corporation
shall be at Columbus Mississippi but it may
have officers and agents at any other place or
places that it may desire and may own operate
and lease factories and conduct its business or
any branch thereof at any other place it may
desire.
tion shall be (S25 000) twenty-five thousand
dollars divided into shares of l8100) one hundred
dollars each. but said corporation may organ
Ze and commence business whenever as much
as (Sl5.000) fifteen thousand dollars shall have
been subscribed
And of this capital stock of So. 900, $4,000
thereof may be preferred stock. with guar
antied dividend of 10 per cent per annum.
Sec. g. The management and control of the
affairs of said corporation shall be vested n a
board of not less than three nor more than five
directors to be elected by the stock holders
who shall hold their offices for a term of
twelve months and until their successors are
elected and qualified. a majority of said oard
shall constitute quorum for the transaction
of all business, and they shall elect one of
their members to be president of the corpora
ton and one of their number or one OF the
stock holders to be general manager. and
may appoint and employ such Othe
officers agents and employees as they
may deem expedient. may fix their powers
compensation and term of office. and may re-
move them at any time by two-thirds vote of
said board. Said board may hold its meetings
at any place mutually agreed upon and shall
have power to make any necessary bylaws,
rules and regulations not contrary TO the laws
OF the State. for the proper management and
control of said corporation and its officers and
may amend or repeal the same at pleasure.
Sec. z. This charter shall be in force and
effect from and after its approval by the
Governor and the first meeting for the organi-
cation of the corporation may be held at any
time by mutual consent of all subscribers to
stock. or may be called by two days written
notice to all such subscribers by the persons
herein before named as incorporatOrs.
8-21-3w