The Kemper herald. (Scooba, Miss.) 1875-1908, 1904-08-25
Charter Of Incorporation Of the
PoTtegville Gin Company,
Pcrterville, Miss.

.A 7
become STOCKHOLDERS, their Successors
and assigns, are hereby created p body
polite and corporate, under the name
and style Of TIE PohTERvILLE GIN C0M-
PANY, and as such stall have succession
for fifty 800 years snd said corpora
ton is hereby authorized n n2Ge cap
able 70 have and 10 hOlc, purchase, re-
ceive and enjoy real estate aud personal
property necessary and proper for lts
purposes. ard to bold, use and enjoy
real estate, in fee simple, or other
wise, and the same, or any part thereof, 4!
or the said personal property, to sell, |
rent, lease, convey, mortgage or other |
wise cucumber. to issue noteP, honda, |
de%bentuTes, or other evidences Of debt: |
70 sue and be sued; to contract and be
contracted With; to plead and be plead.
ed with; to use a common zeal, and the
same TO break. alter or renew at pleas
ure. The domiciie of said corporation
shall be P-oerERvILLE, in KEMPER CoUE-
TY, MISSISSIPPI but may be changed
from tlme to time, Ov q vote OF the
holders OF q majority CT the stock OF said
corporation, but meetings OF the direct
ors or stockholders may be held at any
place, within or without the State of
Mississippi, to be fixed by g majority OF
said directors, or tbs holders OF a ins-
jority of the stock, respectively, and the
meeting or meetings FOR the purpose OF
organizing hereunder, and the first
meeting Of stockholders and directors
may be held at the said domicile of esid
corporation, or at any other place in the
State OF Mississippi, to he fixed by a
majority, in number, of the incorpora-
tore, stockholders or directors, Tespec-
lively. Publication of notice Of first
meeting of persons in interest is hereby
dispensed with.
SECTION II.
The purposes for which said rpora
ton is created are, and it is hereby au-
thorized and empowered to rent, lease,
construct, own, operate, and maintain
such mills, plants, factories, or estab-
hehments az may be necessary, useful,
proper or convenient for the manufac-
ture OF, to engage in the manufacture
OF, 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
eeed meal, and any product or article
into which cotton seed. or cotton, 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
for such purposes to rent, lease, con-
srruct, own, operate, and maintain such
2inneries, presses, compresses or other
structures as may be necessary or con
venient, and to buy, sell and deal in
and store cotton seed hulln, and Int
cotton tbaled and unbaledl, and further
to % Gil acts necessary or convenient,
in the judgment of the officers add d..
rectors OF said corporation, for the vel
fare and business of said company. soc
said corporation shall have, possess, aud
enjoy all the yights, powers and privi-
leges created or conferred by, or emu
mersted in Chapter % of the Annotated
Code of 1892, which are neceseary and
proper for carrying out the purposes of
this Charter.
SECTION III.
The Capital Stock OF said corporation
shall be Five Thousand (95 900 O0) Dol
lars, divided into ffty shares of rhe par
value OF Oue Hundred (Sl00.00) Dollars
each.
SECTION ".
The management of said business
shall be confded 70 q Board of Direct
ors, consisting OF such a number, nor
less thar three, IS may, from time TO
time, be determined by a vote of the
holders OF a majority OF the capital stock
OF said company. The said directors
shall be stockholders OF said corpora
tiou, and shall he elected annually by
the stockholders OF said company, and
a majority OF said directors shall con.
etltute g quorum tor the transaction of
business. The said directors shall elect
from their number a President, and a
Wee. President, and ahall also elect q
Secretary and Treasurer, and may elect
or appoint such other officers, agents or
employees as they may deem proper
end said directors shall hold their OF
heee until their successors are elected
and duly qualified, and shall have pow
er TO 81 all vacancies in their number
caused by death, resignation or other
wise.
SEcTIoE. Y.
The Directors Of said Company shall
have power and authority TO make any
ana all rules, bylaws ond regulations
Tor che control and management of the
business affairs and property of said
company, snd may, from time to time,
fNhS' - NANn AE cHAio d5 tA5Y EeG 1T.
SECTION vi.
At all stockholders meetinge, a vote
OF the holders Of a majority Of the capt-
tai stock OF said corporation, then pres,
ent, 10 person or by proxy, ehall decide
all questions submitted at said meeting.
Eacn stakeholder shall be entitled to
one vote for each share Of stock held
by him, it or her, but all elections for
Directors or Managers Of said corpora
ton shall be held in accordance with
Section 1874 of the Constitution Of the
State OF Mississippi, and Section S37 of
TIE Annotated Code of the State OF
Mississippi.
SECTION VII.
No stakeholder OF said CORPORATION
shall be in any way personally liable for
the debts OF said company beyond the
amount of his, her or its unpaid sub
scriptions to said capital stock,
SECTION VIII.
All subscriptions to said capital stock
snail be paid for in cash OF IN property,
SECTION IN.
Anv twn nj said pooraora4a.c -.-