The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1902-09-03

we, tne persons hereinafter named, in order
to form corporation for the purposes herein
after stated, under and pursuant to the prOyis-
ions of Chapter twenty-five (2j) of the Annota-
ted Code of Mississippi, entitled Corporations"
and the acts OF the Legislature amendatory
thereof and supplemental thereto, do hereby
state as follows:
1. The name of the corporation is AUBURN
MERCANTILE COMPANY.
DOMICILE.
2. The domicile and main office of the CORPORA
ton shall be at Auburn, Lincoln County, Mis-
SiSSippi.
PURPOSES.
g. The purposes for which the corporation is
formed are:
traffic in any and all such articles of commerce
and merchandise as are usually bought and sold
by retail merchants dealing in the ordinary
course of trade.
To buy and sell, or otherwise to deal or to
traffic in any and all kinds of goods, wares and
merchandise, farm and plantation supplies, or
farm and country produce.
To 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.
To acquire, own, lease. occupy, use or improve
any lands, buildings or other property, and to
construct buildings. and any other structures
corporation.
To buy and SELL deal and traffic in such COM
mOdltleS and objects Of commerce as are usually
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 gen-
eral mercantile business, and incidentally such
other trade as may be deemed of advantage and
profit in connection Herewith; but it may. if
deemed eXpedient and advisable at any time by
the board of directors enlarge the scope of the
business and establish cotton gins and saw
mills, or engage in any line of business 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.
POWERS.
The corporation shall have and may exercise
the powers granted to similar corporations by
Chapter twenty-five (25) 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 hayepOwer
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-
tons or any property, which may be required
by it, to secure any bonds or other obligations
by 1t issued or incurred; to make or perform
contracts of any kind and description necessary
In carrying on its business, or for the purpose
of attaining or furthering any of its objects and
interests; to do any and all other acts and
things and to exercise any and all other powers
which co-partnership or natural person could
do and exercise, and which now or hereafter
may be authorized by law.
CAPITAL.
4. The total authorized capital stock of the
corporation Is TWENTY THOUSAND $500 00)
DOLLARS, divided into two hundred (200) shares
of the par value of One Hundred (S100.00) Dol
lars each. The amount of capital stock with
which the corporation will commence business
is FIVE THOUSAND IS, 100000 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 the capital
stock should it be deemed advisable
INCORPORATORS.
5. The names and postofice addresses of the
incorporatOrS are as follows: j. 2. Carruth, X.
NJ. Carruth, NJ. L. Burton, f. j. Kenna, of
Summit j. E. Carruth, II. Flowers S. E.
Garruth, Jr., of Auburn; 5. E. Garruth, Sr.,
T. G. Barr. of Johnston Station, all of the State
of Mississippi
G. The period for which this corporation may
exist and have succession is fifty years.
Z. The officers of the corporation shall be a
president, Vice-preSident. secretary, treasurer
and board of directors consisting of such NUM-
Der as the bylaws may provide. The board of
directors may also select such other officers as
the business of the corporation may require.
The term of office. duties a d salaries ol each
oftic i shall be fix. by The bylaws. The same
person may no two of said offices combined
If necessary.
s. The first meeting OF stockholders for or
ganiZation under this charter shall be held at
its store at Auburn. Lincoln County, Mississippi
on the oath day of September, 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 stock holders
as notice of said meeting But if for any reason
said meeting should not be held at the time and
place named, then it may be called in the man
ner provided by Section $50 of the Annotated
Code.