The leader., 1902-12-17
Charter Of Incorporation Of A. C.
Seavey & Sons.

SECTION lsT.--Be it known of all men, that
a, =: seayey, Willard H. .Seavey, john E.
Seavey and Eugene Nj. Bee, Jr., and such per-
| sons as may hereafter be associated with them.
ana their successors, are hereby constituted a
Dody polite and corporate under the name Of
"A. q. SEAVEY " sons and by such corporate
| name may sue and be sued, and may prosecute
and be prosecuted, to judgment and satisfac-
s Sion, before any court; may have corporate
IN the limits OF the corporate powers; NAV de-
termine the manner.of calling and conducting
meetings, the number OF shares that shall en-
title member to vote, and the mode of voting
by proxy; may prescribe the necessary officers
and elect the same, and prescribe the salaries
duties und tenure OF the officers; may buy, sell
convey real estate, and may buy and self per-
Sonal property. notes. bills accounts and chooses
IN action; may borrow money and secure the
payment OF the same by mortgage or otherwise;
may loan money and tlke all proper and neces-
sary security therefor by mortgage or other
wise; may buy and sell all and every
kind, character and description of goods,
not prohibited by law; may buy and sell cotton
and all other kinds of agricultural products;
may manufacture sell and buy brick and
tile and other similar articles; may conduct and
carry on In the corporate name gen.
eral mercantile business, and may make
all necessary bylaws, not contrary to law, and
may have and exercise all of the powers and
authority conferred on corporations by Chapter
25, of the Annotated Code. of 1892 and the Acts
amendatory thereto The;purposes of this cor
poration are: The importing. exporting, buying.
selling and dealing in all kinds of goods, wares
and merchandise, groceries, agricultural imple-
ments. live stock, all kinds of agricultural pro-
duets, Iertlllzers and all kinds and character Of
personal property, the sale of which is not pro-
hlblted by law; the conducting and carving on
OF mercantile business, either wholesale or re-
tall; the ownership, buying, selling and renting
OF such lands that may be thought beneficial and
promotiye Of the interests of the corporation as
an adjunct to its mercantile business such
raising OF live st OK. and planting and farming
enterprises as may be deemed advantageous to
the corporation.
SECTIoN 2ND.-The corporation shall exist for
q period OF NIFTY years from and after the date of
the approval OF this charter by the Governor
SECTION 9RD.-The capital stock of the corpo
ration shall not be less than Thirty Thousand
Dollars, and not more than Seventy Five Thous-
one hundred dollars each subscriptions
for which stock may be- paid in mon.
ey -. OF r4,,i in real or personal property
not be liable individually for the debts of the
corporation contracted during his ownership Of
STOCK s 1or any amount in excess of the balance
subscribed for by him. The Corporation snail
have lien on the stock for any debt due to It bV
the subscriber or holder of the stock. The cor
Roratlon may commence business when Twenty
Thousand Dollars of the capital stock have been
paid in. wv "00N
SECTION 4TH.-The officers of the corpora.
ton shall be President, a ice-President, and
q secretary and treasurer, who shall he stock
holders of the corporation, and shall he elected
annually by the stockholders at such time and
place as they may determine. board of direo-
tors shall be elected annually by the stock
holders at such time and place as they may
determine who shall be stockholders OF the cor
poratiOn Two or more of the offices of the cor
poration may be held by the same person, and
the officers may be directors of the corporation.
SECTION 5TH.-The d0micil of the corporation
shall be in The city of Brookhaven, Lincoln
County Mississippi and it shall have power to
ESTABLISHMENTS agents or agencies that the
Stocknolaers may deem proper and judieious at
any point In the State of Mississippi
SECTION 6TH.-The board of directors shall
consist of three or more of the Stockholders. a
majority of whom shall constitute a Quorum for
the transaction of the business of the corpora
ton,
SECTION 7TH.-The incorporators, or ma
lorlty thereof may meet at such time and place,
for organization under this charter, as may be
fixed and determined, in a notice signed by at
least two of the incorporators named in this
charter, which notice shall be published in some
convenient newspaper for at least ten days be.
fore the time appointed for the meeting.
SECTION STH-ThiS charter shall take effect
and be In force from and after the date of its
approval by the Governor of this State