The leader., 1901-03-20
The Charter OF Incorporation OF
BrOOkhaven Mercantile Co.

Section /. BE 1t remembered that +. Pfcftr,
| Nathan lfel'er, Hattie NJ. sherman, Charles
| Elder. W. f. Davis and those hereafter aSS0.
ciated win them and their successors, are here
hy constituted "A body corporate under the name
OF "BroOklaven Mercantile Company. and by
that name may sue and he sued before any
| court; may have corporate seal; may contract
! and be contracted with.
/ The purposes for which this corporation Is
/ created are:
/ The importing. exporting. buying. selling,
! vending ard dealing in all kinds OF coodsWares'
/ merchandise. agricultural implements 1--we
( stock, furniture. cotton and personal Properly
| of every kind character. nature and description
/ by whatever name called either by wholesaler or
retail, the dealing in which is not prohibited ny
/ law, and the storing OF same as may be deemed
| advantageous to the corporation III lis merCai-
| tile enterprises the owning. buying, selling,
/ and trading of lands as the same Shall De
! thought advantageous and promotNe ol the III
! tcrest of the corporation in is mercantile bu>i-
ness as its aids thereto; the carrying on OF >lch
! planting or farming operations ana I'VE NloCh
/ raising as shall be thought advantageous 10 the
corporation as aids to lis wholesale ana feldh
| mercantile business. 49,.
/ section >. The powers to be eXercs ed by TINS
/ corporation are those defined and sprcntu III
! Chapter y IF the Annotated Code OF MlS>ls>ip
! pl OF 1872, and especially those SET out III 1eV l
tons SiG, SIS. SIP S3 and S44 OF sad cnalteI anu
amendments thereto. and which are necessary
and proper for carrying out the purposes oi ti's
| corporation.
Section 3. The period for which this corpora
ton is to exist shall be fifty years from ana a'ei
| the approval of the charter OF incorporation
| Section 4. The COmici.e OF SAID corPordtoH
| shall be in the city Of Brookhayen. Mississippi
with power TO establish and MAINTAIN surn
| branch mercantile establishments. agent VI
agencies at any po in the State OF MISSISSIPPI
as the directors may determine. ..,,o-
Section 5. The pital stock OF Saiu GO. 20" et:
ton shall be twenty five thousand dolidI ~
| 000 divided into shares Of one hundred u lL.o
! $500 each. The corporation may eolll conn. oco
! business when fifteen thousand dcllaf, Si2'VeV
| of the stock has been subscribed ana pau ~ H.
| subscriptions for stock may be laiu loi ~
money or property at its fair actual cas Ndu n,
| The stockholders shall not be aDIe i ~ an a.
amount exceeding the unpaid lOitl0h Oh tS i.
| value of the stock subscribed by THEM Ienltha
lively The corporation shall nave llrli Vl sI or
stock for any debt due to 1t by the SUBSTITUTE "
| holder thereof. ..,o, nm
Section 6. The officers of this corporation u.i
| til otherwise determined by Inc slothI0N zee
! shall he president. general nlahageii; "a The
| Fetary and a treasurer but if it is desirable t iJ
| same person may hold any two or more VI S aba
offices, and the officers may De dlrectoiS VI ''s
| corporation. -. atian
| Section z The management OF the eofporalihpa
shall be cOnfided to the general lnanaeeI a nors
board of directors to consist OF lnfee Vi n,u,n
members OF whom ma jority shall pe a rt Of
| to transact business. Members OF tEe p har he
| directors shall all be Stockholders, anu 81" "
elected annually by The stockholders. ,,,i,,, of
! Section s. The incorporators, or lildJoi" tbey
| them may meet at such time ana piace a. '
| wish. and organize under this charter, =. unon
! Section o. This charter shaH tahe eheo' W
| its approval by the Governor