Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1898-01-15
CHARTER
OF Incorporation Of the Anderson 6 Baker
Comnanv.

company.
Section |. l.. l.. Anderson and W.M
Baker aud their associates and succeS
sors, are hereby created a body politi
or corporation, to be known as ''Tht
Anderson and Baker Company wit
all the rights, powers, and liabilitie
incident thereto under the laws of tn
State of Mississippi, with right of sue
cession for Il period of fifty yeas from
the approval Of this chdrte.,
Sec Ii. The purposes of said corpora
ten shall be to engage in, manage and
conduct a general mercantile business
in the town OF ,Shuqualak in the comfy
of NoXubee, State of Mississippi, and
their domicil shall he in said town of
Shuqualak in said county and state, AMI
to that end said corporation may deal in
all lawful merchandise, buy and sell
the same in the same manner and to thp
same extent as any merchant, mercan-
tile company or mercantile cooperation.
Section III. The capital stock Of sal |
CORPORATION shall be Seven Thousand.
Fi~e Hundred Dollars, and shall b. Iii
ylded into shares OF Five Hundred Del
lars each but said corporation may, at
any time it deems proper, necessary OF
desirable, increase its capital stock to an
amount net exceeding wenty Thous-
and Dollars, aud it may commence bus
mess as soon As this charter is approved
and said capital stock subscribed for,
with fifty per cent thereof paid up
Section ". The officers of said cor
poration shall consist OF a President and
Secretary and Treasurer. who shall be
the directors of ssid corporation and
manage the businefs thereof.
Section V. A majority Of the stock,
holders of said corporation shall consti
tute a quorum at any meeting that ma
be called by the officers and a majorit,
in interest of said stockholders may a
any such me ting, enact any necessar,
bylaws for the government of said bus
mess, may provide for the election of al
necessary officers, prescribe the duties,
salaries, and te1uIes' of all officers
Said corporation may sue and be sued
prosecute and be prosecuted to judg
ment and satisfaction before any court
y may nave a corpo, at, seal, may con
tract and be contracted with within tn
limit of its corporate powers, may owl
i, real estate and personal property, no
exceeding Two Hundred and FIT,
Thousand Dollars. may sell and conve,
real estate, may sell their personal pro
perty or any part thereof. may borrow
money and secure the same by mort
gage or otherwise not inconsistent witt
law, may buy bonds not inco.. sisten
with the terms of this charter and tn
provisions of law, may issue bonds an,
secure them. may hypothecate its fran
chises and may invest its capital stool
in Mississippi State bonds. United State
bonds or other security or in real estate
and may do any and all other acts an
thorized by the provisions of chapter 2
of the Annotated Code of Mississippi
approved and adopted ON the I'll day O
: April, 1892.
+ Section VI. The individual liabilit
; of the stockholders of said ~corporatio
III shall not exceed the amount of the un
y paid capital stock subscribed by them
and shall not exceed the liability no
fixed by said chapter % of the Annotate
Code of Mississippi, the provisions G
which, rs far rs applicable. shall exten
to and apply to this corporation.
Section VII. Sand corporation may. a
4 its pleasure, invest its earnings or an
l. part thereof in real estate in the State G
d Mississippi, in personal property, notes
= bonds, mortgages, Mississippi Stat
bonds. United State bonds or other sc
~ curities. The capital stock of said cor
= poration shall be kept intact for the pro
&c lection of creditors. until all the deb,
ID which might he legally contracted b
IS said corporation shall be paid up. N
debt shall be contracted beyond I'll
- amount of the capital stock. nor sha'
i any director officer or sto .kholda r
hound for any debt in excess Of the un
paid stock subscribed fm unless sue
debd be contracted by said director. Of
ticer, or stakeholder, or with his know
Il edge, consent and approval.
We hereby subscribe TO the foregoin
1. charter of incorporation and afix on
signatures hereto, this the 4th day
.a January 1893. L. L. ANDERSON.
W. M. BAKER.