Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1920-04-14
NOTICE OF ORGANIZATION OF
OCONEE OIL AND FERTILE
IZER COMPANY.

NOTICE Is hereby given Of the in
tention of the undersigned to file
with the Secretary Of State a, written
declaration for Charter Of Oconee
OIL and Fertilizer Company, a cor
poration to be organized under the
laws Of the State Of South Carolina,
and setting forth:-
FIRST: That the d%eclarants, r.
T. Jaynes, G. g. Jaynes and Baylis
w. Harrison, are residents of the
town of Walhalla, County Of Oconee,
State of South Carolina, and the de-
%clarants, P. l.. Steck and c. M. Nc
Donald, are residents Of Tugaloo
Township, County! Of Oconea; State
Of South Carolina.
SECOND: That the name OF The
proposed corporations sai& OCONEE
OIL AND FERTILIZER COMPANY.
THIRD: That the principal place
Of business Of the said corporation
is at or near the town Of Seneca, 8.
c., with branch plants at the town
Of Walhalla, S. c., and at or near
the town Of Westminster, s &c.
FOURTH: That the general ma
ture of the business which it pro-
poses to do Is to manufacture and
sell oil, meal and hulls from cotton
seed or peanuts; to grind, crush,
manufacture, buy and sell flour, meal
and feedstuffs from corn, wheat,
oats, rye, barley, velvet beans, or
other fold products; to gin, buy and
sell cotton, cotton seed and their
products; TO buy, mix, manufacture
and sell fertilizers; to produce, buy,
or make tools, machinery, appli-
ances or implements necessary to or
used for such purpose or puropses;
to buy, own or erect such mill build
ings. machine shops, gin houses,
warehouses, dwelling houses and
other works as may be requisite or
necessary to the conduct of such
manufacture and sale; to lease, buy,
own or sell property, real or per-
sonal, connected with or related to
the purpose or purposes Of the pro-
posed corporation.
FIFTH: That the amount of Cap
ttalJ Stock Of said proposed corpora
ton, is to be Three Hundred Thous-
and Dollars ($300,000.00), payable
IN money or property. real or per-
'sonal, at cash valuation.
SIXTH: That the number of
Shares into which the said Capital
Stock shall be divided is three thou
sand (3,000), of the par value Of
One Hundred Dollars ~C$1O0.00D per
share, the said Capital Stock to be
One Hundred and Fifty Thousand
Dollars $150,000.00) m O n
stock and One Hundred and Fifty
Thousand Dollars ($15O,0O0.00)
preferred stock.
SEVENTH: That the said prefer
red stock Of $150,00O.00, or 1900
shares Of the par value Of $4,000
per share, shall be to the extent and
for the period as follows:
(a) Dividends shall be payable
thereon out Of the earnings OF the
corporation at the rate OF seven
per cent per annum, and payable
semi-anunally, on the LIST day of
January and the 1st day Of July Of
each and every year, reckoning
from the first day of July 1920.
and the same to be cumulative
that is, II any dividend shall not
be paid at the regular time Of ray
ment, it shall be paid before any
dividends can be declared or paid
on the common stock, with inter-
est at the rate Of seven per cent
per n from maturity until
date Of such payment.
CD In case Of liquidation the
face value Of said preferred stock
and all unpaid dividends thereon,
as herein provided, shall be fully
paid before any payment can be
made upon the common stock OF
said corporation.
(c) The said preferred stock
shall mature on the LIST day Of
July, 1880, at which time all UNI
retired preferred stock Is to be
retired by paying the face value
thereof, and all unpaid dividends,
in money. Said stock may he re-
tired, in whole or in part, at nar,
plus any accrued and unpaid divi-
vesass,sssss4sss ~