The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1905-06-08
Charter of Independent Oil s Fer
tiIizer Works.

&EbL~a WI Ece
Sec /. Be it remembered that S.
Kaye. J. t. Armstrong, w. II. Gas
ton, 6. NJ. Robertson, p NJ. Halbert,
w. +. Skinner. w. B. PEBBLES, Charles
W. West, j. Z. Stewart, Z. NJ. String
fellow, f. p. Wyndham, A. A. Breast,
Nelson hutchinson, and such other
persons as may hereafter become as
ISOLATED with them, are hereby created
a body corporate after the name and
style OF INDEPENDENT OIL q FER
TILIZER WORKS.
Sec. 2. The purposes for which this
corporation is created are, to wit:
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 a period of 90
years,
May sue and be sued. pr. 1secute and
be prosecuted to judgment and salts
faction before any court Of law or
equity. May have a corporate seal
and alter same at pleasure. May con
tract and be contracted with, within
the limits OF its corporate powers.
Nav acquire and hold real and per-
y
Tenientf 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. A. The domiclle of said cor
poratiOn shall be at Columbus, Miss
issippi but it may have agents at any
other place or places that it may de-
sire, and may conduct its business or
any branch thereof at any other place
it may desire.
Sec. S. The capital stock of said
corporation shall be $3.50, 000l one
hundred and fifty thousand dollars,
divided into shares of twenty-five dol
lars each, but said corporation may
organize and commence business
whenever as much as $50, 000] fifty
thousand dollars of its capital stock
shall have been subscribed.
Sec. g. The management and con-
troll of the affairs of said corporation
shall be vested in a board of eleven
II directors, to be elected by the
stockholders. who shall hold their
offices for term of twelve II months
and until their successors are elected
and qualified. A majority o. said
board shall constitute quorum for
the transaction of all business and
they shall elect one of their mem bers
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 at any time. Said board may hold
its meetings at any place mutually
agreed upon, and shall have power to
make any necessary bye-laws, rules
and regulations not contrary to the
laws of the State, for the proper man
agement and control of said cOrpor-
alton and its officers. and may amend
or repeal same at pleasure.
Sec. T. This Charter shall be in
force and effect from and after its APP
prevail 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 ID three or more of
the persons hereinbefOre named as in
cOfporators