Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-11-17
THE CHARTER OF INCORPO A
lion OF THE NOXUBEE LAND
AND LOAN COMPANY.

Art. /. II W Foote, B j Allen. N
Scales. Mat M%ahorner, j + Ames, !, w
Jonc, Jr, j Poindex or, CD Amcs
and oil others associate with them.
heir assigns and SUCCESSORS in Office
are hereby created a body polite and
corporate under the corporate name
ln! style Of "The NoxuGcc Land and
i.oln Company" having their do,ni-
lie at Macon, Noxubec county, Mis-
'issippi.
Art. II. The purpose of said com.
mny il hereby declared TO be the do.
ny of n general land, loan and cattle
business; it shall have succession for n
>rriod of fifty years, may sue and be-
sued, plead aud he implicated before
my court: may contract and be con-
ractcd with; may have u corporate
zeal and alter the same at will: aud
nay do aud perform all acts and pos.
,ess all privileges of bodies polite
md corporate
Art. Ill. The capital stock of said
company shall he hundred and fl
y,honsand dollars Divided iuto shares
,fone hundred dollars each, and when
ever the sun OF five hundrei dollars
las been subscribed for and paid up
he company may commence business.
Said capital stock may be increased or
diminished by a majority -otc of the
stockholders and they shall have au.
horlty TO accept real estate in pay
ient for stock subscriptions upon such
rrns MS they may impose, and they
nay delegate this authority to the
IOn?d OF directors.
Art. Nv. Said COMPANY shall have
,nwcr 10 invest it's capital in lands,
attic, notes, bonds. stocks and to act
rs agent for Others in tho purchase or
nle OF the same, the collection OF rents.
management of propc ty, examination
u titles and to transact all other bust.
iess incident TO tho complete exercise
,f the foregoing powers, including the
borrowing of money upon its property
,r the Issuance of debeniure bonds.
ART. V. The bushes, OF said com
muy shall be managed and controlled
~ five directors TO he chosen annual.
Y by the stockholders under such
Jules and regulations as they may a.
lopt provided same be not in conflict
with this charter or the law.
Art VI. The stock OF this COMPANY
hail be assignahlc only on the books Of
lr company and proper books for the
fccorl Of the same shall be kept. Divi.
lends shall in all cases be paid to the
,nriy in whose name tho stock shall
Htand at the time such dividend shall
Dc declared.
Art. VII. The officers of said COM.
,auy shall be a president, %vice.presi-
lent, attorney, secretary. and treasur.
,r, who shall be elected annually by
he directors.
Y Art. VIII. The stockholders shall
lavc authority TO make such by laws
a. they may deem s%xpedient and 10
fcpcal, alter, or amend The same upon
such terms as they may prescribe, pro.
Sided they do not conflict with this
charter or the law. In u stockholders
meeting a maturity OF the shares OF
sbn outstanding stock shall constitute a
quorum and a majority of the stock
Jcting shall control unless otherwise
provided In the bylaws.
The foregoing proposed charter of
Incorporation 10 respectfully referred
3 the Honorable Attorney General
For his advice ne TO the constitutional.
y aud legality Of The provisions there
~. j. NJ. STONE,
Governor.
Miss Nov. 2, 1894.
The provisions of the foregoing
proposed charter of incorporation are
Dot violativc of the constitution or
laws Of the State.
Hackson, Miss., FRANK JOHNSTON,
Nov. Bird 1899. Attorney General,