The commonwealth. (Greenwood, Miss.) 1896-1923, 1906-09-21
THE CHAR OF
Incorporation of YalOO.MlSslsSIppi
Delta Land Company.

l..
30 it remembered that J.. Y. BIackmuI
G. X. Cock, c. II. Hammond and ]. n
Taylor, their associates, ~successors an
assigns be and they are hereby create
= body corporate under the name Of va
lo,-M mississippi Delta Land Compan.
and as such il may exist for the periO,
OF fifty years.
The dOmicile Of said corporation shal
be McNutt, Lenore County, Mississippi
aud its principal place Of operation,
shall be in said county, but IL may main
tain other Offices in the state at sucl
places as It's business may require.
III.
The capital stock Of said corporation
shall be S75,0O0.00, divided into I5C
shares Of the par value of $4,000 each;
but said corporation shall have power to
organize and begin business as soon az
~SiS,ODO.OO shall have been subscribed
and the sum Of 100000 Of that sum has
been paid in,
Th" liability Of any s~tockholder of
said corporation shall be limited to the
amount Of his or her unpaid stock, and
no debt Of corporation can be created
beyond the amount Of stock subscribed.
v.
SAID corporation shall have full power
to purchase or otherwise acquire, hold,
own, maintain, work, develop, and to
sell, convey, mortgage or otherwise dis
pose Of real and personal property, OK
cept when limited by the laws Of the
state, to engage in the cultivation of
cotton, corn, grains and farm products
of every kind and description; TO raise,
buy, sell, own, and deal ia mules, horses,
cattle and live stock Of every kind and
description; to conduct cotton %ginneries,
oil mills and reincries and buy and sell
cotton, cotton seed and cotton seed pro-
ducts; to build, maintain, construct, own
and operate plants and works for the
development Of timber lands and for the
handling, preparing and rendering com
mercially available all the various pro-
duets thereof; to maintain and operate
mills and other timber mills; to buy,
sell, own, or otherwise deal and traffic
in lumber and timber products Of all
kinds; to buy and sell timber in both the
raw and finished state; TO engage in the
business Of buying and selling mCrChan-
disc Of all kinds and descriptions; to
manufacture, purchase or otherwise ac-
Inirc, hold, own, mortgage, sell, assign,
transfer, trade, invest in, deal in and
deal with goods, wares, merchandise and
property Of every class and description
necessary for the purposes of this cor
Doration; to borrow money and secure
payments thereof by mortgage or deed
NJ trust on It's real or personal property
lr both.
VI.
The business of said corporation shall
managed by a board of seven directors
Who shall be elected annually by the
'tOckhoiders and who shall hold office
ill their successors shall have been
and qualified. Said directors
'hall be subject to and governed by the
passed by the stockholders.
VII.
The officers Of said corporation shall !
Nc n president, vice-president, secre-
airy, treasurer, and such other officers
- may he necessary for the proper con-
Iuct OF the corporate business. The Of
Of secretary and treasurer may be
leld by one individual. All officers shall
re elected annually by the Board of Di-
1
VIII.
The first meeting Of stockholders shall
70 held at such time and place as may
'e designated In a written notice there
Il signed by two or more of the above +,
persons, a copy Of which said no :
ice shall he either delivered in person :
II mailed to each Of the stockholders at
ten days before the date for said
Meeting, and at such meeting a board of
directors shall be elected. ,