The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-07-14
Notice OF Incorporation.
SUPERIOR COURT The Davis Bros Co
Vance County, Incorporation.

SUPERIOR COURT The Davis Bros Co,
Vance County, Incorporation.
Notice is hereby given that Letters of
Incorporation under the general law have
been issued to The Davis Brothers Company
according to the terms prescribed In the
following articles:
ARTICLE 1.
The name of the corporation shall be
"THE DAVIS BROTHERS COMPANY"
ARTICLE II.
The business of the corporation shall be
the conduct of warehouse or warehouses
for the sale of tobacco the purchase, sale,
export and storage of tobacco, either as
principal or agent, and, in general, the
handling and manufacture of tobacco. as
may be provided by its bylaws.
ARTICLE III
The principal Office and place of business
of the corporation shall be at or near the
town of II anderson in the county of Vance
and State of North Carolina, but branch
offices, warehouses and agencies may be
established, and contracts may be entered
into and performed at such other place OF
places as may be deemed advantageous to
the general business of the corporation.
ARTICLEIv.
The corporation shall exist during a
period of thirty years, unless sooner dis
solved as provided by law.
ARTICLE V.
The following persons have subscribed
to the capital stock of the cOrpo. alton, viz ::
t Il. A. Davis. Buckner Davis & Owen Davis.
ARTICLE VI.
| The amount of the capital stock of the
corporation shall be $3.50, 900 divided into
5000 shares of $50 each, but the corporation
may begin business when $4,000 dollars
of its capital stock shall have been sub
scribed and paid in or secured, and further
subscriptions to stock and issues of stock
shall thereafter be made at such time and
in such manner as may be prescribed i'll
| the bylaws.
The bylaws may provide for the issue
OF preferred stock, upon which an annual
dividend of not exceeding eight per cent.
may be guaranteed, and which shall have
preference over the common stock in the
distribution of assets upon dissolution
of the corporation, either by limitation
| or process of law.
Such preferred stock shall not entitle its
holder to vote in the meeting of the stock
holders of the corporation, or to participate
in the profits of the business of the corpora
ton beyond the amount of such guarantee.
ARTICLE VII.
There shall be no individual liability of
the stock holders for the debts of the cor
pOration, except as provided in Section
686 of the Code of North Carolina.
ARTICLE VIII.
The first meeting of the corporation shall
be held at the law Office of Messrs. Pitt
man & Shaw, in the town of Henderson,
on the 3Oth day of June. A. D., 1892, at
the hour of 10 o'clock, A. NJ, at which
meeting and thereafter until the adoption
of by-law VS.. prescribing rules for proceed
ure, each of the subscribers hereto shall
be entitled to one vote, and a majority of
the votes cast shall be necessary to deter
mine any question proposed in such meet
ing.
In witness whereof the parties hereto
have hereuntO set their hands and seals
the day and year first above written.
r. A. DAVIS. (sEAL)
B. DAVIS, (sEAL)
OWEN DAVIS, (sEAL)
HENRY PERRY
Clerk Superior Court
June 29th, 1892.