The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1905-06-22
Charter of Independent Oil & Fer-
tiIizer Works.

Sec !. BE it remembered that S.
Kaye, J. 7. Armstrong, w. H. Gas
ton, G. M. Robertson, z. NJ. Halbert.
w. F.. Skinner, w. b. PEBBLES, Charles
w. West, J. E. Stewart, en-. String
fellow, E. P. Wyndham, A. A. Breast,
Nelson hutchinson, and such other
persons as may hereafter become AS
ISOLATED with them. are hereby created
body corporate after the name and
style of INDEPENDENT OIL ~ FER
TILIZER WORKS.
Sec. ,. The purposes for which this
corporation is created are, To wiz:
The manufacture of cotton seed into
oil, soap, and all the by-products of
cotton seed, and the sale thereof, the
operation of public gins in connection
Herewith and the manufacture and
sale of fertilizers.
sec. 3. The said corporation shall
have succession for period of 80
years,
May sue and be sued, prosecute and
be prosecuted to judgment and salts
faction before any court of law or
equity. May have corporate sea-
and alter same atpleasure. May con-
tract and be contracted with, within
the limits of it's corporate powers.
May acquire and hold real and per-
sonal property necessary and con-
venient for its purposes, by gift,
purchase or otherwise. not exceeding
in value the statutory limit, and may
lease, convey and dispose of the same.
May borrow money and secure the re-
payment by MORTGAGE or otherwise.
May Issue bonds and secure them in
the same way, and may hypOthecate
them and its franchise. May advance
money on cotton seed contracted for
future delivery or deposited in its
warehouses, on such terms and con-
ditiOns as may be mutually agreed
upon, and may have all other powers,
privileges and immunities consistent
with its purposes that are or may be
granted to corporations by the gener-
al laws Of the State.
Sec j. The domicIle of said cor
poration shall be at Columbus, Miss
issippi. but it may have agents at any
other place or places that 10 may de-
sire. and may conduct its business or
any branch thereof at any other place
it may desire.
Sec. 5. The capital stock Of said
corporation shall be $3.50 600 one
hundred and fifty thousand dollars.
divided into shares of twenty-five dol
lars each, but said corporation NAV
organize and commence business
whenever as much as $50, 600 fifty
thousand dollars of its capital stock
shall have been subscribed.
Sec. d. The management and con-
troll OF the affairs Of said corporation
shall be vested ia a board of eleven
IL directors, to be elected by the
stockholders. who shall hold their
Offices for term of twelve { Il months
and until their successors are elected
and qualified. A majority of said
board shall constitute quorum for
the transaction Of all business an
they shall elect one of their beers
to be president of the corporation.
and one of their members to be vice
president, and may appoint and en-
ploy such other officers, agents and
employees as they may deem expedient,
may fix their powers, compensation
and term of Office and may remove
them atany time. Said board may hold
its meetings at any place mutually
make any necessary bye-laws, rules
laws of the State, for the proper man
agement and control Of said corpor-
alton and its officers. and NAV amend
or repeal same at pleasure.
Sec. I. This Charter shall be in
force and effect from and after its ap-
proval by the Governor. And the
first meeting for the organization of
| the corporation may be held at any
time by mutual consent of all sub
scribers to stock, or may be called by
ten 10 days written notice to all such
subscribers by l3l three or more of
the persons hereinbefore named as in
cOrporat0rs.