Okolona messenger. (Okolona, Miss.) 1900-current, 1905-12-13
Charter Of Incorporation Of the
Egypt Gin Company.

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M. d. LANDAU, and those who may here
after become stockholders, their successor
and assigns are hereby created bocy pc
little and corporate, under the name an
style EGYPT GIN COMPANY, and as sue
shall have succession for Atty (50) years
and said corporation is hereby authorize
and made capable to have and 10 hold
purchase, receive and enjoy real estate an,
personal property necessary and proper 70
its purposes, and to hold use, and enjoy sucl
real estate in fee simple or otherwise, an,
the same, or any part thereof or the sai'
personal property to sell, rent, lease, convey
mortage or otherwise cucumber; TO issu
notes, bonds debendtures, or other evi
dencee of debt, to sue and be sued, to con
tract and be contracted with; to plead ant
be pleaded with; to use common seal; ant
the same to break alter or renew at pleas
ure. The domicile of bald corporation
shall be Egypt, in Chickaaw county, Miss
issippi but may be changed from time K
time, by vote Of the holders Of a majority
of the stock Of said corporation; but meet
ings of the directors or stockholders may
be held at any place within or without tht
state of Mississippi, to be 6xed by major
ity of said directors, or the holders Of Z
majority of the stock respectively, and, the
meeting or meetings for the purpose of or
ganizing hereunder and the first meeting o.
the stockholders and directors may be held
at the domicile OF said corporation, or al
any other place in or outside of the State oil
Mississippi to be Fixed by a majority, in
number, Of the stockholders, or directors
respectively. Publication of notice Of first
meeting of persons in interest is hereby
dispensed with.
Section III The purposes for which said
corporation is created are, and it is hereby
authorized and empowered to rent, lease,
construct, own, operate and maintain such
mills, plants, factories, or establishments, as
may be necessary, useful, proper or conveu-
lent fer the manufacture 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 seed meal, and any proouct or arti-
Gle into which cotton seed or cotton, or the
product or products of either or both may
be manufactured, to buy, sell and deal in
for cash or on Gre dit, and to hold, and store
cotton seed; to gin and clean cotton and
cotton seed to compress and bale lint cotton
into bales and other shapes by mechanical
processes and for such purposes to rent,
lease, construct, own, operate, and maintain
such ginneries, presses, congresses, or other
structures as may be necessary or eonven-
lent and to buy, sell and deal in and store
cotton-seed. bulls, and lint cotton (baled
and unbaled,) and further to do all acts
necessary or convenient in the judgment Of
the officers and directors of said corpora
ton, for the welfare and business of said
company; the said corporation shall have,
possess and enjoy all the rights, powers and
privileges, created or conferred by or enum-
of 1892, which are necessary and proper
for The carrying out the purposes Of thi
charter.
Section III The capital stock of said
corporation shall be FIVE THOUSAND FIVE
HUNDRED ($55OC.00) DOLLARS, divided
into fifty-fve (55l shares of the par value
Of one hundred 500 0O)D ollars each.
Section Nv The management of said
business shall be confined to a Board of
Directors, consisting of such number, not
less than three, as may from time to time,
be determined by vote of the holders of q |
majority of the.capital stock of said Compa-
~. The said Directors shall be stock
holders Of said corporation, and shall be |
slected annually by the stock holcers of
aid Company, and majority of said d.
'ectors shall constitute quorum for the |
of business. The said directors |
hall elect from their number President and |
nay elect from their number q Vice pres
lent and shall also elect q Secretary and |
Treasurer, and may elect or appoint such
,ther officers, agents or employees as they |
nay deem proper; and said directors shall
lold their Offices until their successors are
ilected and duly qualified. and shall have
,ower to fill all vacancies in their number,
ansed by death, resignation er otherwise.
Section v The Directors Of said Com
ANY shall have power and authority to
make any and all rules, by-laws, and regu.
atoms for the control, and management of
he business affairs and property of said
company and may from time to time,
tier, or renew the same as they see ct.
Section vi. At all stockholders meet
igs, a vote of the holders Of majority Of
be capital stock of said corporation, then
resent in person or by proxy shall decide
u questions submitted at such meeting
iach stakeholder shall be entitled to one
Ote for each share of stock held, BY him,
! or her, but all elections for Directors or
managers Of said corpo alton shall be held
! accordance with Section 1914, of the con-
tuition Of the State Of Mississippi. aud
Action 1877 Of the Annotated Code Of the
tate OF Mississippi.
Section VII No stakeholder Of said cor.
Grafton shall be in any way personally
able for the debts of said company beyond
10 amount Of his, hers or its, unpaid
TO said capital stock.
Section VIII All subscriptions 10 said
pital stock shall be paid for IN cash Grin
'Operty.
Section TX Any one Of said incoFporators ,
~ open books Of subscription to The cap.
i stock Of said company, and as soon a.
be Thousand ($1, 900, 00) Dollars shall
we been subscribed, said Company may
ganise, elect Directors and commence
Isiness. IN
In Mad Chase.