The Brookhaven leader., 1888-12-13
CHARTER
OF Incorporation of the Lincoln
County Commercial, Agri-
cultural and Live Stock e.
change.


change.
PURPOsE-Tn establish u General Nrr.
camille, Agricultural and Live Stock Ex-
change.
Z SEC I. r.. il known. That we are here
hy crraied body corporate With prrprt-
ual succession for the term uf five years,
under the name aud stNlr uf III, Lincoln
County Farmers Commercial, AcricnltI-
raj aud Live Stock Exchange. aii hy that
mann" may SUE and I've sud. plead Ind he
implrnded in all courts If law aud equity :.
contract aud b.. contracted with, aud
adopt corporate seal. and alter or
change the same ~ pleasure.
SEC. 2. The off 'crs of said corporation
sh III consist of on" representative FROM
each Snh.AlliLncr, owning stock either ~
an Alliance or individual members. tn, 81
representatives to- constitute the Board I
Directors, To lr elected Ivy the >tOckh"ti
rrs "f each sub Alliance. Said Directors
hal e rrt one President. one Vice Pres
idcut, one Tr,asIIrrr and one SECRETARY.
said officers to hold their office Tor The
term "f nu" year at umIil their suro' So -
ar duly qualified: sad directors +" r"-
quirr their Treasurer to cutter iutn a bond
Wi good and 81 tfiCirut suI-ii-> in II sum
Sntii "Irnt fu insnrr III" hnrrsi aud faithful
pei fnIimancr If his duty said "ii, "rS I"
br paid sum sufficient To justly thru
for tie >rrl ices that they mav rrnder.
All fees and snllre> Ia he fixed 10y the
Board aud ratifi Il 10y the stock holders ot
said c"rp"ratiOn.
SEC 3. A majority of the Board may
c"ns'iiut" a quorum.
SEC 4. Each shareholder shall he en-
Titled Ia one v"te, and each sub. \ lliaucr
holding shares shall be entitled to but
one vote.
SEC. 5. n" sub Alliance shall he allow
ed ia hold over fifty sh rres and no in.r-
vidual over twenty five shares III the
stock OF the c"rporai ion, ten dollars To hc
the Inunni of enc share.
SEC &. Thai any other officer or man
=
sad board OF directors may seq proper To
create, shall lie rqnnrd To rnloI int" It
/ oiIh in sum sufficient Ia insure an hnncst
and faithful discharge OF their duties.
SIC I There shall TIE - InirlrSi allow
ed CA any such sIncN held ct subs, rIlnd
bN any stock huI'cr. but there shall hr II
dIvidrnd stricken annually on the 1t al
March AMI all IrtrI">t On stock s'iIlI con
as the Givi,.rnd. Provided that they n>,'
none at the capital stock for the term of
IhIrr NraIS.
SEC O. That said company shall have
pow. tuawm and pnIcha.r property both
real aud person i, I" sell convey. Hnd
oi hrrwi>, di>posr of The SIIIIr, o">t 10
lI>h II general Mercantile, Agricultural
aud Live stock Exchange, t" erect >uch
ware houses, cotton sheds aud "th'r ten
tInrlrts ~ they may deem necessary To-
carry GA the business of thu company.
SEC 9. That sad company shall have
the IIght To barrow money, aud to that
cnd. may mortgage" its property aud ITS
aud SSH" lis notes III bonds, Ur
otter cVI,irurrS of debt, bat 40 stock
holder shall BE- l!abl" for any lndrhIrd-
ness hey umd tie aInnnnt of stock held or
subscribed lay Inn on them, and II shall
hr u,laN tnl Tor the company /" contrar;
GcbIs OF Liabilities in cXrrss IT lis capital
stock.
SEC. ~. That said corporal o. shall
h we power To Coi,tuCl II 'iEr.,'i : "Id1"
buSirc>s, To IrcrIvt in Her ware huu-"S
Il: ,nds ~ go'd>, w"rr~, aud mrrrh"n-
dISr weigh, rIuSl"r aud transmit and d"
liver he A,,Iur At such time and I.Iac +,
aud anon Snch terms and c0udi ,un~ as
may he agreed upon, with the "N i"rH
thereof aud do ~uclI other things a. may
1 ri t,t
such business.
SEC. IL. That III" capital stock of said
company shall hr $1,000. Nidrd mt
shares Of SO each, which may he in
creased by u majority of The st"' k hold
RS Ia any Amount not t" exceed :. 0,UtO.
but 10 open business when 81 500 is paid
SEC. -. That the Board of Directors
shall have power To make such hA laws
rules and regulations for the control and
drlihrraion of their body, and Tor tn.
management "f the hnNiIr>s at sad cor
poratlun, as they MAY deem necessary,
said by laws Ia he ratified 10y IL majority
vote of the STOCK holders.
SEC. Is. That HE d"micilr of said cot
loiat.nn sha he in ,he city If Bro" =
haven. county oi Lincoln. and State of
MI>>i>>lppI, auU All notifies of a meeting
al the slork-l"li"rS Sllhll hr gwen 'lih'f
10y publications. for al least two c"iSe' IL
tive weeks in s"uIr newspaper published
in Lincoln county, or h, Srrvir" IN person.
"r hv written notices by mail upon each
stock -hnld"r.
SIC. IA Process issued from amy court
upon amy suit for or agHimS' said company
shall be served ~ provided by thu 4rI"r-
al laws of the State upon this Snhj'ct.
ConsumptiOn Surely Cured,