Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1898-01-29
c MERCANTILE co
CHARTER
OF Incorporation Of the Anderson s Baker
Company.

Section /. 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 THE
Anderson and Baker Company with
all the rights. powers, 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. IL. 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 comfy
of NoXubee. State of Mississippi, and
their domicil shall he in said town of
%Shuqualak in said county and state, and
to that end said corporation may deal in
all lawful merchandise, buy and sell
the same i'll 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 ruoration shall be Seven Thousand,
[ 20 Hundred Dollars, aud shall he di
1fcd into Shares Of Five Hundred Dol.
.a.s each; bpt said corporation NAV, at
my TIVE 1t deems proper, necessary o.
'4.ir4hle, inc ease It's capital stock to an
mount not exceeding Twenty Thous.
md Dollars, and it N y commence bus
mess "a soon ~ this charter is approved
mi said capital stock subscribed for,
With City per cent thereof paid up.
Section ". The officers of said cor.
Doratlpn shall consist Of a President and
Secretary and Treasurer, VIII shall be
til directors Of said corporation and
m mage the businefs thereof.
Section V. A majority of the stock
holders of said corpor ition shall consti.
tute a quorum at any meeting that NAV
be called by the officers and a majority
IN interest of said stockholders NAV at
any such me ting, enact any necessary
bylaws for the government of said bus
mess. may provide for the election of all
necessary officers, prpsc, ibe the duties.
salaries, and teluresi of all officers.
Said corporation may sue and be sued,
prosecute and be prosecuted to iudg.
ment and satisfaction before any court.
may nave a corporate seal. may CON
tract and he 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 aud secure the same by mort
gage or otherwise not inconsistent with
law, may buy bonds not inco. .sistent
with the terms Of this charter and the
provisions OF law. may issue bonds and
secure them, may h%ypothecate its fran.
chlses and may invest its capital stock
III Mississippi State bonds. United States
bonds or other security or in real estate,
and may do any and all other acts au
thorized by the provisions of chapter 25
of the Annotated Code of Mississippi,
approved and adopted on the I'd day of
April, 1922,
Section VI. The individual liability
OF the stockholders Of said corporation
shall not exceed the amount of the IN.
PAID capital stock subscribed by them,
and shall not exceed the liability now
liked by said chapter 90 of the Annotated
Code OF Mississippi, the provisions of
which, rs far AS applicable, shall extend
to and apply to this corporation.
Section VII. Sall corporation may, at
Its pleasure, invest its earnings or n
part thereof in real estate in the State Of
Mississippi, in personal property, notes,
bonds, NOR cages, Mississippi State
bonds, United State bonds or other Sc
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, nor shall
any director officer or stockholder be
bound for any debt in excess of the un-
paid stock subscribed TO, unless such
debt be contracted by said director, Of
ticer, or stakeholder, or with his knowl.
cage, consent and approval.
We hereby sub .cribe to the foregoing
charter Of incorporation and aiix our
SIGNATURES hereto, this the 4th dav Of
January 1873. l.. l.. ANDERSON,
w. M. BAKER.