The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1902-01-15
The Charter of Incorporation
MERCHANTS GROCERY COMFY

We the persons hereinafter named, in order
| to form corporation for the purposes hereinaf-
Ter stated, under and pursuant to the provisions
OF Chapter twenty-five (25l, of the Annotated
and the acts OF the Legislature amendatory
thereof and supplemental thereto do hereby
state as follows:
|. The name Of the corporation is MER-
CHANTS GROCERY COMPANY
II. Inc d0micile and main office of the corpo-
ration snail be in the city of Brookhayen, Lin
coin county, Mississippi.
III. The purposes for which the corporation
is formed are:
TO buy and sell. or otherwise to deal or to
traihc In any and all such articles of commerce
and merchandise as are usually bought and sold
by wholesale or retail grocery dealers I'm the or
binary course or trade.
To buy and SELL or otherwise to deal or to traffic
in any and all kinds of goods wares and mer-
chandise, farm and plantation supplies. or farm
and country produce.
10 buy and sell, or otherwise to deal or to
traffic in all such property, whether real per
sonal or mixed. as may be deemed necessary to
advance the interests of the corporation.
10 acquire. own, lease occupy, use or improve
any lands, buildings or other property. and to
construct buildings, and any other structures
necessary for the purposes and business of the
10 buy and SELL deal and traffic In such com
modities and objects of commerce as are usu-
ally bought and sold in trade, and the sale of
which is not prohibited by law.
The business or purpose of the company at
present. and until otherwise determined as
hereinafter stated, is to carry on and do a
wholesale grocery business and incidentally such
other trade as may be deemed of advantage and
profit In connection Herewith; but it NAV if
deemed expedient and advisable at any time
by the board OF directors, enlarge the scope of
the business and convert it into general mer-
chandi>e and wholesale establishment or en-
gage in any line for merchandise it may see
proper; and it may locate and establish branch
offices at any point or points in this State if the
board of directors so determine.
The corporation shall have and may exercise
the powers granted to similar corporations by
Chapter twenty-five of the Annotated Code Of
Mississippi, entitled Corporations. and the
acts of the Legislature amendatory thereof and
supplemental thereto which said laws are
hereby made part of this charter the same as
though they were written out and incorporated
herein.
Without in any particular limiting any of the
powers of the corporation granted by the laws
aforesaid, it Is hereby expressly declared and
provided that the corporation shall have power
to issue bonds and other obligations in payment
for property purchased or acquired by it, or for
any other object in or about its business; to
mortgage or pledge any bonds or other obliga-
tUhs or any properly %hen may be required
by il issued or incurred; to make and perform
contracts of any kind and description necessary
in carrying on its business. or for the purpose of
attaining or furtherng any of its objects and in
tereSts, to do any and all other acts and things
and to exercise any and all other powers which
copartnershipo or natural person could do and
exercise, and which now or hereafter may be
authorized by law.
". The total authorized capital stock of the
corporation Is Thirty Thousand $50 100000 Dol
lars, divided into three hundred $500 shares of
the par value of One Hundred (SIO0OO) Dollars
each. The amount of capital stock with which
the corporation VIII commence business is
Twenty-Five Thousand (S25 600 OO) Dollars, which
amount may be increased to not exceeding the
maximum amount named above, as shall be de-
termined by the board of directors which said
board also has power to diminish or decrease
the capital stock should it be deemed advisable.
V. The names and postoifice addresses ofthe
incOrp0rators are as follows:
f. IL. Hartman. k. L. Scherck. Charles Heuck.
Joseph Heuck. Abrams Brothers "a partnership
composed of Samuel and Israel Abrams. NJ. l..
Burton, Hyman Zwlrn, J: IL. Willoughby. Thos.
Harvey, Joseph Cope, j. T. Grant. w. NJ. Turn
bough. J. b. Nalty. John McGrath, j. W. Me
Grath, NJ. ID. McGrath, Louis Cohn and Broth
Emil C0hn and David Cohn), all of the city OF
Bro0khaven. Lincoln county. Mississippi; Sam
uel Zwirn, of Bogue Chitto, in said county and
posed of W. o. Poets and : Poets. of Poets
Vile, Mississippi and f. Il. Easterling, OF Cold
Springs. Lincoln County Mississippi.
VI. The period for which this corporation
may exist and have succession is fifty years.
VII. The officers of the corporation shall be
president vice-president, secretary, treasurer
Der as the bylaws may provide. The board of
directors may also select such other officers the
business of the corporation may require. The
term of office, duties and salaries of each officer
shall be fixed by the bylaws. The same per
son may hold two of said offices combined if
deemed necessary.
VIII. The first meeting of stockholders for
organization under this charter shall be held at
the office of Commercial Bank in the city of
Brookhaven, Lincoln county, Mississippi. on
the Srd day of February, A. d. 1902. or as soon
thereafter as possible. and further notice of
said meeting is waived. the publication of this
charter being accepted by the stockholders as
notice of sa d meeting. But If for an, reason
said meeting should not he held at the time and
place named. then 1t may be called in the man
ner provided by Section $50. of the Annotated
Code.
Witness our signatures this the 9Th day of
January, A. ID. 1902,