The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1904-09-01
The Charter of Incorporation Of The Dodson Plow
Company

Sec. l. Be it known that w. g. Mcclure
W. >. Mullins and such other persons may
hereafter become associated with them are
name and style of The Dodson Pillow Company
Sec. ,. The purpose for which said corpora
tIon1s 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 it may elect.
Sec. g. The said corporation shall have
succession for period of fiftv 600 years, May
sue and be sued. prosecute and be prosecuted
TO judgment and satisfaction before any court
OF law or equity, may have a corporate 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 proper
for its purposes by gift purchase or otherwise
not exceeding in value the statutory limit nd
may lease, convey and dispose of the same,
NAV borrow money and secure the payments
by mortgage or otherwise. may issue bonds
and secure them in the same way, hypothecate
them ana ITS trancs-lse ana may nave all other
powers priVileg es and immunities consistent
with its purposes that are or may be granted
to corporations by the general laws 81 the state.
sec. T. The domicn OF said corporation
shall be at Columbus. Mississippi but it may
have officers and agents at any other place or
places that il may desire and may own operate
and lease factories and conduct its business or
amy branch thereof at any other place il may
desire.
Sec >. The capital stock Of said corpora
tiOn shall be t825-000) twenty five thousand
dollars divided ntOShares Of (S100) one hundred
dollars each, bat said corporation may organ
ize ana commence business whenever as much
been subscribed
And of this capital stock OF $4,000 $4,000
thereof may be preferred stock. with guar
antied dividend OF 10 per cent per aDuum.
Sec. t. The management and control OF the
affairs of said corporation shall be vested u q
board of not less than three nor more than five
directors. to be elected by the stock holders
who shall hold their offices for term OF
twelve months and until their Successors are
elected and qualified. Majority OF said board
shall constitute quorum for the transact ton
OF all business and they shall elect one Of
their members to be president of the corpora
tion and one OF their number or one Of the
stock holders To he general manag, r. ana
may appoint and employ such other
officers, agents and employees they
may deem expeiient, may fix their powers
compensation and term OF office. and may re-
move them at any time by tWO-thlrds 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 aud
control of said corporation and its officers and
may amend or repeal the same at pleasure.
See. 2. This charter shall be in force and
effect from and after its app laI By the
Governor and the first meeting fer the Organl-
zation OF the corporation may be ed at any
time by mutual consent Of al subscribers To-
stock or may be called by Two days written
notice to all such subscribers by the persons
herein before named rs incOfp0rat0rs
E2I-3w