The herald., 1917-06-07
REMEDIAL RATES
4 Remedy fer The EIsrbitani
Interest Charged
DIAM ON DIS
GOLD and SILVER

other rlsh:, N any and all inventions or
lmp- 1veucn.s. whether secured OF not under
letters patent, domestic or foreign.
SECTION !. To survey. Subd.v!de, and plat
lands ipr the purpose o. lease or sale. and 70
. improve and develop the same by the e-ec-
uoa ot houses or building, thereon and %
do such other lawful acts As may be neeiful
OF desirable IN and about the Improvement
and development thereof f7- any purpose;
20 plant, gov and cultivate all kinds 81
fruits, plant, and vegetables; 70 ra!sc, buy.
sell and deal IN horses, mules, cattle, live
stock and poultry Of all kinds, and generally
10 engage IN thr business Of planter
Section ). u construct, purchase, lease or
otherwise acquire and own, maintain and
operate, steamboats,, sailing vessels, bacges
ana other water craft, piers, docks. wha-yes
and such lines Of tramwly or railway as may
DC convenient, necessary or incidental to
any business or enterprise OF the corpora
non, With all necessary slde-tracks. locomo-
tEes, cars, depotS, round houses and other
equipment necessary 10 the operation Of
SAID vessels, piers, docks, wharves, tram
ways or railways and the traffic thereon; pro
vided that this corporation shall not: with
out an amendment OF this charter be d
common carrier or have the right 10 exercise
the power Of eminent domain.
Section 3. 10 enter INTO, make, perform
and carry out contracts Of every kind not
contrary TO law, with any person, firm, asso-
cation or corporation, and TO carry on any
other business which under the law II may
be entitled to carry on, which may seem TO
the corporation TO be calculated, directly or
indirectly TO effect the aforesaid objects or
either OF them, or to facilitate Il the trans
action Of its aforesaid business or businesses,
T any part thereof, or in the transaction Of
ny other lawful business that may be cal
ulated, directly or indirectly, to enhance
ne value OF or to render profitable, any OF
he corporations property and rights, and
generally TO hold and exercise all such Incl
enta! powers and privileges as relate 10 the
JJec:s and purposes hcreinabove set forth
as may be necessary, useful or cOnve-
lent for effeCting said objects and purposes.
Article lN.-The authorized capital stock
this corporation is hereby declared to be
ne Of three hundred thousand dollars
| SNOOp0), which capital stock may be in
leased IN the manner provided BY law, 10
sum of one million dollars Isl 900, 00O00 0).
| he presently authorized capital stock OF
lis corporation shall be represented by three
lousand 5000 shares OF the par value OF
le hundred dollars $4,000 each. The said
| ipital stock shall be represented by certIl-
ltes and shall be personal property, and
lall be fully paid and non assessable when
sued. No transfer of said capital stock
! lall be binding upon this corporation un-
SIS made in accordance with its charter
nd bylaws and recorded on the books
hereof
Article V.-The capital stock of this cor.
e when issued and shai be paid paid for IN
ash at such times, in such amounts and
tier such notice TO the subscribers may
fixed by the board of directors; except
lat, whereas, T. J. Farley OF Hattesburg.
Mississippi, has invented a certain new and
seful improvement in the process of extract
lg rosln. turpentlne, pine oil and other pro-
ucts from wood, for which he has made
pplication for letters patent OF the United
tates, this corporation, in payment Of the
description TO two thousand, nine hundred
and nInety-e!ght t299SD shares OF Its capital
stock, may receive and take title t. the full
and exclusive right 70 the said invention as
;ully set forth and described in the spec-
lcstions prepared and executed by the said
I. J. Farley on the - day of S-mtember,
9l5, and filed with the United States Pat
mt OffCe al Washington, ID. c, the oath
lay OF September, 1915, under the serial No.
'2,SE, preparatory 10 obtaining letters pat
ent Of the United States under said appli-
-atien, with the understanding that the let
ers patent to be issued under said applica-
ton shall vest the exclusive right OF said in
ventIon and said letters patent in this cor
1oratlon, which invention and the rights
hereinafter named the hrst board OF d.
reCtors o: this corporation, having a
value OF at least three hundred thousand
dollars CS'0O.OrOcO.
Article VI.-The business Of this corpora
tion shall be managed and all the corporate
powers thereof shall be vested in and exer-
cIScd by board OF not less than three 90
nor more than seven "a directors, to be
elected from among its stockholders, and a
ma ority OF the directors at any time in
office. either present III person or represented
by proxy. shall constitute d quorum.
Article NIl.-The frst board of directors Of
this corporation shall be composed OF II. +.
Allen, whose poStottCe address is Hatties-
burg, Mississippi: I. J. Farley, whose post
office address is Harrisburg. Mississippi, and
{. K. Cranberry, whose postofhce address IS
TIattieburg, Miss. with H. E Allen as pres.
ident and treasurer, T. ]. Farley as vice
president. and {. r. Cranberry as secretary.
| Said board OF directors shall serve until the
first meeting OF stockholders tor the election
of directors, or until their successors are
elected and qualified, and said board OF d.
| rectOrS shall have the power TO increase the
| membership Of said board al any time 10 a
number not exceeding seven % and shall
| have the right 10 elect from the stockhold-
ers Of this corporation said additional dlrec-
| tors
| Article NIII.-On the third Tuesday in
| January, l9lS and annually thereafter, on
| the third Tuesday in January, in each year
| a meeting OF the stockholders OF this cOrpor-
| alton shall be held at its domicile for the
purpose Of electing directors Tor the ensuing
| year. and at such meetings the stockholders
| shall have the right of cumulative voting
| in the election Of directors and shall have
| the right OF eleCtIng the number OF directors
| then in Office, and if there be not as many
as seven directors then in office, shall have
the right Of electing additional directors SO
| long the full number OF directors elected
| does not exceed seven. A failure from any
cause whatsoever 10 hold the annual meeting
| OF stockholders, or the failure TO elect d.
rectors thereat, shall not dissolve this cor
poration, but the directors and officers then
IN Office shall remain in Office until their
successors shall have been respectively duly
chosen, elected, qualified and installed
Article IN-The board of directors shall
have the power 10 name an executive commit
tee with such membership as IL may deter
mine, which executive committee shall in the
interim between the meetings Of the board
OF directors exercise all the powers vested in
and exercised by said board of directors
Article %.-This charter may be amended
and the capital stock OF this corporation
may be increased or decreased, or this cor
poration may be dissolved in the method and
manner provided by law.
Article NI.-No stakeholder Of this corpor-
alton shall ever be held liable or respon-
sible for the contract or faults of this corpo-
ration in any further sum than the unpaid
balance on the stock for which he has sub
seribed, nor shall any mere informality in
organization have the effect of rendering
this charter null or of exposing a stock.
holder TO any liability than as above pro-
vided.
Article XII-No stakeholder may sell, as
sign, or transfer his stock in this corpora
ton without giving to the company through