Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1898-01-22
CHARTER
OF Incorporation Of the Anderson 4 Baker
COMPANY.

company.
Section I. L. L. Anderson and W. NJ.
Baker and their associates and success.
sors, are hereby created a body polite
or corporation, to be known as 1.-THE
Anderson and Baker Company with
oil the rights. powors, and liabilities
incident thereto under the laws of the
State of Mississippi, with right of sue
cession for a period Of fifty years from
the approval Of this charter.
Sec. II. The purposes of said corpora
ton. shall be to engage in, manage and
conduct a general mercantile business
in the town Of Shuqualak in the conntv
Of Noxubee, State of Mississippi, and
their domicil shall be in said town of
Shuqualak in said county and state, aud
to that end said corporation may deal in
all lawful merchandise, buy and sell
the same in the same manner and to the
same extent as any merchant, mercan-
tile company or mercantile corporation.
Section III. The capital stock of said
C ,rporation shall be Seven Thousand,
Five Hundred Dollars, and shall be di.
vided into shares of Five Hundred Dol
lars each; but said corporation nav. at
any time it deems proper, necessary or
desirable, increase it, capital stock to an
amount not exceeding Twenty Thous-
and Dollars, and it m " commence bus
mess as 500 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 said 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 may
be called by the officers and a majority
in interest of said stockholders NAV at
any such meeting, enact any necessary
by laws for the government of said bus
mess, may provide for the election of all
necessary officers, prescribe the duties,
salaries, and teaures; Of all officers.
Said corporation may sue and be sued.
prosecute and be prosecuted to judg-
ment and satisfaction before any court,
mayshave a corporate seal, may con-
tract and be contracted with within the
limit OF Its corporate powers, may own
real estate and personal property, not
exceeding Two Hundred and Fifty
Thousand Dollars. may sell and convey
real estate, may sell their personal pro-
perty or any part thereof, may borrow
money and secure the same by mort.
rage or otherwise not inconsistent with
law, may buy bonds not inconsistent
with the terms Of this charter and the
provisions of law, may issue bonds and
secure them, may hypothecate its fran.
chises and may invest its capital stock
IN mississippi State bonds, United States
bonds or other security or in real estate,
n may do any and all other acts au
thorized by the provisions Of chapter rs
OF the Annotated Code of Mississippi.
approved and adopted on the I'd day Of
April, 1892.
Section vi. The Individual liability
OF the stockholders Of said corporation
mall not exceed the amount of the un-
paid capital stock subscribed by them.
and shall not exceed the liability now
nxed by said chapter rs Of the Annotated
Codelof Mississippi, the provisions of
which, as far as applicable. shall extend
TO n apply to this corporation.
Section VII. SAID corporation may, at
its pleasure, invest its earnings or sny
part thereof in real estate in the State Of
Mississippi, in personal property. notes.
ponds, mortgages, Mississippi State
bonds, United State bonds or other se-
curities. The capital stock Of said cor.
poration shall be kept intact for the pro.
lection OF creditors, until all the debts
which might be legally contracted by
SAID corporation shall be paid up. No
debt shall be contracted beyond the
amount OF the capital stock, O shall
any director. officer or stockholder be
bound for any debt in excess Of the nm.
paid stock subscribed foi unless such
debt be contracted by said director, Of
tcer, or s~tockliolder, or with his knowl.
edge, consent and approval.
we hereby subscribe to the foregoing
charter Of incorporation and sfi1 our
signatures hereto, this the 4th day Of
january lovS. L. L. ANDERSON,
w. M. BAKER.