The Columbus weekly dispatch. (Columbus, Miss.) 1902-1905, 1905-04-26
Articles of Incorporation of the Steens Gin
ming and Milling Company, 0omi-
ciled al Steens, Lowndes Coun-
ty, Mississippi

Sec. !. Be it known that we, j. A. Mehaf-
fey, o. C. Brothers. r. V. Richards. R-G. Har-
and those who may hereafter become stock
holders. their successors and assigns. are
and style OF the Stems GINNING & MILL
ING COMPANY and such shall have sue
cession o fifty years; and said corporation is
hereby eu Orized and made capable to have
and to hold receive. purchase and enjoy real
estate and personal property necessary and
proper FOR it's purpose. not exceeding five
thousand dollars (5OO0,OO). and to hold use
and enjoy such real estate in fee simple,
otherwise, and the same or any part thereof
or the said personal property, TO sell rent
lease. convey, mortgage, OF otherwise 1ncum-
ber to issue notes. bonds. debentures or
other evidences o debt: 10 sue and be sued
to contract and be contracted with; to plead
and be Iplead with: TO use common
renew at pleasure The dOmicile of said cor
poration shall be at SteenS in the County of
Lowndes. state OF MISSISSIPPI, put may be
changed at any time by voUe OF the holders
of a majority of the stock of said corporation
Sec. ?. The purpose for which corporation
is created is. and It is herhby authorized and
empoW cred to do q general ginning and mill
ing business. to buy and sell cotton seed, lint
cotton seed cotton corn and meal and said
corporation is further authorized to do all
acts necessary and convenient in The judg
ment of the ON GERS or directors of said corpo
corporation And said corporation shall have,
possess and enjoy all the rights, powers and
fefred BY Cnapter % OF the AnnOtateoCode OF
1892 and the amendments thereto which are
necessary and proper for the purpose Of car
ryiDg this charter
Sec 8. The capital stock of said corpora
ton shall be 5000 90. divided into shares Of
500 90 each but said CAPITAL stock may be in
creased diminished at any time by vote of
the holders of the ma jority of the capital
stock or said corporation
Sec A. The management of the business of
said corporation shall be confined to such a
number of directors may be fixed and allow ed
from time to time by vote of the holders of the
majority of the stock issued by said corpora
stockholders
said corporation and shall be elected annu-
atty by the stockholders of said corporation
The ma iority of laid directors shall constitute
d quorum for the transaction of business.
The said directors shall elect from their num-
Der president. vice president, secretary and
treasurer, and may appoint or elect such 9th
er officers, agents or employees, they may
ofdces ur I'll their SUCCESSORS are duly elected
and sha have gu li6ed, and shall have power
to I'LL vacancies in their number caused by
death, resignation or otherwise
Sec. g. The directors of said corporation
shall have power and authority TO make any
and all need4ul. bylaws and regulations for
the control and management of the business
and property of said corporation, and may
from time to time, alter or renew the same as
they may see ut.
Sec g. At all stockholders meetings a vote
of the holders of a majority of the stock then
present in person. or by proxy shall decide
all questions legally submitted at such meet
inas. Each stockholder shall be entitled to
one vote for each share of stock held by him.
it or her. but all elections OF directors or man
ayers of said corporation shall be held in ac-
cordance with Section 1874 of the constitution
ofMississippi and Section So of the Annotated
Code of Mississippi.
Sec T. No stoekholder Of said corporation
shall be. in any way, personally liable for the
debts of said corporation beyond the amount
of his or her or its paid up subscription to said
capital stock
Sec g. All subscriptions TO said capital
stock shall be paid for IN cash or in property.
Sec. g. Any two OF said incorporatOrs may
open books of subscription TO the capital
stock of said corporation and as soon as
rhOnSand Dollars nave
been subscribed. said corporation may organ
ize. elect directors and commence business.