The commonwealth. (Greenwood, Miss.) 1896-1923, 1912-02-09
THE CHARTER OF INCoRPoRA-
TON OF THE TACONIC co.


/. The corporate title of said com
pany is The Taconic Company.
2. The names Of the incorporators
are:
W. r. Humphrey, postoffice Green
wood, Mississippi.
W. 7. Loggins, postoffice Greenwood,
Mississippi.
S. L. Gwin, ~postofice Greenwood,
Mississippi.
3. The domicile is at Greenwood,
Mississippi.
4. Amount of capital stock Thirty
Thousand Dollars $3.50, 900. 0O).
S. The par value of shares is One
Hundred Dollars $500. 00) per share.
6. The period of existence is fifty
years.
7. The purpose for which it is Great
ed is:
To acquire by purchase, lease or 9th
erwise, and own, hold, operate, and
enjoy, and to sell, lease, or otherwise
dispose of oil mills, saw mills, a
mills, cotton gins and congresses, and
textile factories, and any and all kinds
Of machines, machinery, appliances and
power plants necessary or beneficial
therefor, and also to acquire by pur-
chase, lease, or otherwise, and to own,
hold, improve, cultivate and enjoy and
to sell, lease, exchange or otherwise
dispose of, agricultural lands and timber
lands and other lands in Leiore county
and in other counties in the State of
Mississippi, and to sell, exchange and
deal in the products thereof, and to
acquire, own, hold, sell and deal in
personal property to an amount neces-
sary, convenient or beneficial for the
purposes aforesaid.
At any time, within the period pro-
vided by law, after twenty thousand
dollars of the capital stock has been
subscribed, and not before, the said
corporation may organize at a first
meeting to be called for that purpose
by a notice in writing of the time and
place of such meeting signed by n or
more of the above named i~ncOrporators
and mailed or delivered to each of the
subscribers at least five days prior to
the time designated for said meeting,
and may thereafter begin business
when the said sum of twenty thousand
dollars is paid in to said corporation.
The board of directors of said corpor-
alton shall consist of not less than three,
nor more than five, stockholders of said
corporation, to be determined from time
to time by the stockholders, to be elect
ed annually by the stockholders and to
hold office until their successors are
elected, with the right of removal from
office of any director fully vested in the
stockholders to be exercised in such
manner as may be provided by the by
laws. The management and control of
the business and affairs of said corpora
ton shall be vested in the said board of
directors who may, subject only to the
laws of Mississippi and the bylaws of
this corporation, exercise any and all of
the powers of said corporation and, ex-
cept where otherwise provided by law
or the bylaws, exercise the same as
fully and completely as might the stock
holders.
The board of directors shall annually
elect from the membership thereof, a
president and a vice-president, and
shall also elect at such periods as they
may determine, or as may be provided
by the bylaws, a secretary and treas
urer, which two last named offices may
be held by the same person who may be
also the vice-president or a director Of
said corporation, if the bylaws shall 50
prescribe, and the board of directors
may from time to time elect or appoint
such other officers, agents and employ
ees of said corporation as they, in their
discretion, may deem to the best inter-
est of said corporation, but all of the
officers, agents and employees of said
corporation shall hold office at the will
of the directors with the right of the
removal of any such officer, agent or
employee vested in the stockholders to
be exercised in the manner provided by
the bylaws.
The stockholders may, at any time
they deem proper, elect a general man
ager of said corporation, who may also
be the president or vice-president or q
director or other officer of said corpora.
ton. The duties and scope of authority
of such general manager, when elected,
shall be prescribed by the bylaws OF
the corporation.
By a majority vote of the stockhold-
ers of said corporation, at any regular
or special meeting, the corporation may
adopt bylaws for said corporation, fix.
ing the time and ann of holding,
calling and conducting regular and spe-
cial meetings of the stockholders and
directors; the mode of voting in person
or by proxy; the course and extent of
the business and operations, within the
limits Of the charter power, of said
corporation; the scope of authority,
terms of Office and salaries of officers
and agents of the corporation; and any
and all other bylaws for the govern
ment of said corporation not contrary
to law or violative Of this charter.
5. The rights and powers that may
be exercised by this, corporation are
those conferred by the provisions of
Chapter "a, Mississippi Code, 1906, and
the laws Of the State supplementary
thereto or amendatory thereof.
w. R. HUMPHREY,
w. T. LOGGINS,