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Magna Corporation
Magna Corporation was a publicly held company in Flowood, Mississippi, U.S.A. that served as a holding company. Its primary divisions were Mississippi Steel and Magna American. Mississippi Steel was Mississippi's first steel manufacturer beginning operations in 1957. Magna American built garden tillers and other items, as well as manufacturing the Amphicat in Raymond, Mississippi. In 1984 the company's President, Wesley A. Caldwell, Jr., resigned. In 1985, the steel division was sold to Birmingham Steel Corporation for approximately 28 million dollars. Magna's controlling stockholders, the Caldwell family of Jackson, Mississippi, took the company private by distributing half the sale proceeds to the stockholders. The Magna American plant was mothballed, then donated to Hinds Community College in 1992. In 1985, the United States Securities and Exchange Commission sued former company president Wesley A. Caldwell, Jr., of Brandon, Mississippi Brandon is a city in and ...
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Flowood, Mississippi
Flowood is a city in Rankin County, Mississippi, United States. The population was 10,202 at the 2020 U.S. Census. It is part of the Jackson Metropolitan Statistical Area. History In 1950, a delegation from Flowood petitioned Governor Fielding L. Wright to incorporate the community. Despite opposition, Flowood's incorporation was upheld by the Mississippi Supreme Court in 1953. In June 2009, Flowood voters approved (by a 75% to 25% margin) being classified as a resort area that allows liquor by the glass in restaurants and hotels, coming out from under a dry county. Geography According to the United States Census Bureau, the city has a total area of , of which is land and (1.69%) is water. Demographics 2020 census As of the 2020 United States census, there were 10,202 people, 3,626 households, and 2,338 families residing in the city. 2000 census As of the census of 2000, there were 4,750 people, 2,130 households, and 1,145 families residing in the city. The population ...
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Mississippi
Mississippi () is a state in the Southeastern region of the United States, bordered to the north by Tennessee; to the east by Alabama; to the south by the Gulf of Mexico; to the southwest by Louisiana; and to the northwest by Arkansas. Mississippi's western boundary is largely defined by the Mississippi River. Mississippi is the 32nd largest and 35th-most populous of the 50 U.S. states and has the lowest per-capita income in the United States. Jackson is both the state's capital and largest city. Greater Jackson is the state's most populous metropolitan area, with a population of 591,978 in 2020. On December 10, 1817, Mississippi became the 20th state admitted to the Union. By 1860, Mississippi was the nation's top cotton-producing state and slaves accounted for 55% of the state population. Mississippi declared its secession from the Union on January 9, 1861, and was one of the seven original Confederate States, which constituted the largest slaveholding states in t ...
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Mississippi Steel
Mississippi Steel Corporation was a publicly traded company located in Flowood, Mississippi. It was the first steel mill built in the state, and its primary product has always been reinforcing bar steel. Its first incarnation ran from 1957 until 1985 when it was bought by Birmingham Steel Corporation, United States. The mill is still in business as part of Nucor. In 1956, both ''The Clarion-Ledger'' and '' The State Times'' newspapers reported that the area just to the east of Jackson had been carefully leveed to sustain industrial development. Per the State Times article, Wesley A. "Cotton" Caldwell is named the first chairman of the board, and production of merchant products and rebar should commence within one year. In 1985, ''The Clarion Ledger'' reported the sale of substantially all of the assets of Mississippi Steel Division of Magna Corporation Magna Corporation was a publicly held company in Flowood, Mississippi, U.S.A. that served as a holding company. Its primar ...
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Magna American
Magna American a division of Magna Corporation of Flowood, MS, was a manufacturer of tractors, lawn mowers, garden tillers, and specialized products including the Amphicat and the Magna Duck Plucker. The company was based in Ohio, then moved to Raymond, Mississippi Raymond is a city in Hinds County, Mississippi, United States. As of the 2010 census, the city population was 1,933; in 2020, its population was 1,960. Raymond is one of two county seats of Hinds County (along with Jackson) and is the home of the ... in the late 1960s. The company ceased operations in the 1980s. Agricultural machinery manufacturers of the United States {{US-manufacturing-company-stub ...
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Amphicat
The Amphicat is a six-wheel-drive, skid steer amphibious all-terrain vehicle invented in Spain by José Artés de Arcos, manufactured in the late 1960s through the early 1970s by Mobility Unlimited Inc. of Auburn Hills, Michigan. The product line was purchased by Magna American (a division of Magna Corporation) which produced the vehicle in Raymond, Mississippi for several years. The vehicle was also made in Canada by Behoo Industries and differed slightly from its American counterpart, mostly on the transom. The Canadian version of the Amphicat was featured as the moon buggy used by Moonbase Alpha personnel in the television series '' Space: 1999'' and the US version as the Banana Splits' cars in the TV show ''Banana Splits''. It also appeared in the TV series ''Lancelot Link, Secret Chimp'' and in an episode of ''Blake's 7''. Technical details * Body: Vacuum-formed ''Marbon Cycolac'' ABS plastic * Engine: 16 hp (12 kW) air-cooled 2-cycle recoil start gasoline engine * T ...
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Raymond, Mississippi
Raymond is a city in Hinds County, Mississippi, United States. As of the 2010 census, the city population was 1,933; in 2020, its population was 1,960. Raymond is one of two county seats of Hinds County (along with Jackson) and is the home of the main campus of Hinds Community College. Raymond is part of the Jackson metropolitan statistical area. History In 1829, three commissioners, including John B. Peyton, were appointed by U.S. President Andrew Jackson to find a place near the center of Hinds County for the county seat. The current location of Raymond is a ridge about a mile from the center of the county, and was selected because the actual center was low and subject to flooding. The town of Raymond received its charter from the Mississippi legislature on December 15, 1830. Because of its status as a seat of justice and its proximity to the Natchez Trace, Raymond developed quickly into a prosperous small town whose prosperity and small size have continued to this day. In the ...
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Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ...
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Wesley A
Wesley may refer to: People and fictional characters * Wesley (name), a given name and a surname Places United States * Wesley, Arkansas, an unincorporated community * Wesley, Georgia, an unincorporated community * Wesley Township, Will County, Illinois * Wesley, Iowa, a city in Kossuth County * Wesley Township, Kossuth County, Iowa * Wesley, Maine, a town * Wesley Township, Washington County, Ohio * Wesley, Oklahoma, an unincorporated community * Wesley, Indiana, an unincorporated town * Wesley, West Virginia, an unincorporated community Elsewhere * Wesley, a hamlet in the township of Stone Mills, Ontario, Canada * Wesley, Dominica, a village * Wesley, New Zealand, a suburb of Auckland * Wesley, Eastern Cape, South Africa, a town Schools * Wesley College (other) * Wesley Institute, Sydney, Australia * Wesley Seminary, Marion, Indiana * Wesley Biblical Seminary, Jackson, Mississippi * Wesley Theological Seminary, Washington, DC * Wesley University of Science and ...
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Brandon, Mississippi
Brandon is a city in and the county seat of Rankin County, Mississippi, United States. It was incorporated on December 19, 1831. The population was 21,705 at the 2010 census. Brandon is part of the Jackson Metropolitan Statistical Area, and is located east of the state capital. History The city is named for Gerard Brandon, Governor of Mississippi during the early 1800s. A newspaper, ''The News'', was established in 1892. The Brandon Bank was established in 1900, and The Rankin County Bank was established in 1906. In 1900, Brandon had a school, a telephone and telegraph office, a saw mill, two livery stables, two cotton gins, two hotels, six churches, and fifteen or twenty stores. The population was 775. Geography According to the United States Census Bureau, the city has a total area of 21.3 square miles (55.3 km), of which 21.3 square miles (55.1 km) is land and 0.1 square mile (0.2 km) (0.37%) is water. Demographics 2020 census As of the 20 ...
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