Weekly commercial herald. (Vicksburg, Miss.) 1884-18??, 1886-06-11
The Charter Of Incorporation Of
the "Vicksburg Spoke Com
pany."

The Charter Of Incorporation Of
the "Vicksburg Spoke Com
pany."
Section 1. Be it known that Charles II. Null
holland, j. 1. MulhOlland and j. B. Bres, Jr.,
and such others as may becO e assoeia ed with
them are hereby constituted a body, polite and
corporate, under the name ana style Of the
".Vlcksburg Spoke Company, and by and under
that name shall have existence as such body
corporate, from and after the approval of this
charter by the Governor OF the State Of Missis-
sippi.
Section 2. Said corporation is created for the
puTpos Sc OF manufacturing SpOkes, Singletrees,
Doubletress, and other wagon and carriage
material, BrOOms, Handles and other articles
of Wood or Iron, also Cotton, Wool and Jute
cloth, Cotton Seed Oil and other products OF
Cotton and Cotton seed. in the State Of Missis-
sippi, and shall have power 10 own, buy, sell or
lease any real and personal property, or any
interest therein, which may be necessary or re-
quired for the convenient transaction of its
business, which a natural person might do. not
Repayment to the laws of this State or Of the
United States.
Section 8. The capital stock of said
corporation shall be Fifty thousand
dOtars' (s5O,0)O) with the privii-
eye of increasing. to such an amount as the
stockholders may determine not exceeding one
hundred and fifty thousand dollars (Sl50,00)
The shares of capital stock shall be one hundred
dollars SOD each and, each share of stock shall
be entitled to one vote at a stockholders meet
ings. This corporation shall have power to
commence business as soon as ten thousand dol
lars $4,000 Of capital stock is subscribed for.
The shares OF stock shall be evidenced by GER
~titicates, transferable in such manner as may
be prescribed by the Bylaws.
Section 4, Said Company shall have power to
issue its fully paid up stock certificates, and, its
bonds, notes and other securities in payment for
property purchased. services rendered, or other
valu4bl7 considerations, and no holder of such
paid up stock shall ever be liable for any assess
inents or for any debts of the company beyond
the amount OF the unpaid portion of his stock
Said company shall have power to borrow
money and to issue its bonds or other securities
in such form as may b. deemed advisable, Sc
cured by mortgage on its property, both real
or personal, or either.
See. 5. The business of the company shall be
managed by the Board Of Directors the number
of whom shall be fixed and elected by the stock
holders, and Board of Directors SO elected may
elect a president ana secretary and treasurer,
or any other officers they may choose to create
to manage and carry out said business, and may
pass any rnles and bylaws they may see hit not
contrary to the law and constitution OF the
State, and to change, alter, add to or repeal the
same at pleasure, and generally to n anage the
same as they choose within the limits OF the
laws of this State and'the United States.
Sec. {. The said Board of Directors shall also
have power to elect orl4pp0int or discharge at
their pleasure such other officers and employees
as they may deem advisable, and shall have
power to fix the compensation OF such officers
and employees.
Sec. 7. Any of the before mentioned persons
shall have power to call a meeting Of the sub
scribers of the stock to this company for the
purpose of organizing the same, Dy either a
verbal or writtoI notice.
Section 8. No subscriber to the CAPT al stock
or stakeholder Shall ever be liable for any great.
er sun than he may subscribe.
May28,w-It