The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1904-08-11
The Charter o, the cOlumbu. Yarn and cOrdaas Co

Section /. Be it known that J. w. Steen.
J. w. Jones and Ben. n. Love and such other
with them. are hereby created body corpo-
rate under the name and style of. Columbus
Yarn and Cordage Company.
Section 2. The purpose for which said cor
poraton is created is the manufacture and
sale of all sorts of yarn. Irvine, rope cordage.
and all sorts of cotton cloth, and all products
made OF cotton. The domicile of said corpO
ration shall be at Columbus, in the State of
Section g. 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 a corpO
rate seal and alter the same at pleasure. May
contract and be contracted with. within the
limits of its corporate powers. 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 in
all the powers. privileges and immunities, con-
sistent with its purposes. that are now or may
general laws of the State of Mississippi and
may have and exercise all the powers mel
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 1t may
desire. and may own, operate and lease FAC
tories and conduct it's business or any branch
thereof at any place il may desire
Section 5. The capital stock OF said eompa
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 q. The management and control OF
the affairs of said corporation shall be vested
In a board OF not more than five nor less than
three directors. to be elected by the stock
holders. who shall hold their offices for
term of twelve months and until their
ceSsOrs are elected and qualified. A 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 presto ut and one to be secretary
and general manager. Said board OF directors
may appoint employ sEch other officers,
agents and employees as they may deem ex
pedient and proper, may tx their compensa
ton. powers and duties and term saf Office and
remove them at pleasure Said b~oard of di-
rectors may hold their meetings at ans place
agreed upon by said board. and SHAH have
power to make any rules. regulations ana 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
scFibers.