Upon the issuance of the proclamation by the governor, authorizing them so to do, and its recordation in the office of the secretary of state, the projectors shall meet and organize, and elect a board of directors of such number as they may see fit. The board, when elected, may select a president and such other officers and agents as it may deem expedient, fix their duties and compensation, and adopt by-laws.
Miss. Code Ann. § 77-9-107
Organization and election of board of directors; selection of officers and adoption of bylaws
Codes, 1892, § 3575; 1906, § 4076; Hemingway’s 1917, § 6705; 1930, § 6069; 1942, § 7720; Laws, 1938, ch. 347.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.