The leader., 1902-11-19
CHARTER OF INCORPORATION
of the Boston InstaIIment Company
BE 1T KNOWN

BE 1T KNOWN
Section /. That N. W. Hagner, Chas. Hagncr
and Percy E. Quin and their associates and sue
cesSorS are hereby created body polite and
eorporate under the name and style of THE
BOSTON INSTALLMENT COMPANY. with a
succession for period of fifty years, and
Section 2. That said corporation. as such,
may sue and be sued, plead and be implicated,
the courts of Law and Equity; contract and be
contracted with, make and adopt corporate
seal, and the same change, alter or break at
pleasure, and
Section g. That the purpose for which this
corpo alton is created is to buy and sell house
hold SpecialteS, organs, sewing machines and
pianos, or any other goods, wares, merchandise
and personal property they may select, and
Section A. That said corporation is hereby
authorized and empowered to organize and OPP
crate a general inStallment business, in the con-
duct OF Which 1t may buy, own, sell and convey
goods, wares, merchandise, household special
ties, sewing machines organs, pianos, chooses
in action and chattels of all description; and
may sell goods on credit or for cash, and may
take security for the same, and may borrow or
lend money and secure the payment of same by
mortgage, or otherwise may issue bonds and
secure them in the same way, and may hypOthe-
cate its franchises, and may make all necessary
bylaws and regulations not contrary to law or
this charter, and
Section s. That the capital stock of this cor
poration is hereby fixed at Ten Thousand
00) Dollars, divided into shares of Ten
($l0.00 Dollars each; but said corporation
is authorized TO commence business when Thirty
Hundred ($3 100000 Dollars shall have been sub
Scribed aud paid in, either in money or prop
erty. and
Section c. That the business of this corpora
ton shall be conducted by and under the man.
agement of a Board of Five Directors, who
shall be elected by the stockholders at their
annual meeting in each year, except that a
vacancy can be filled at a special meeting. The
Board of Directors shall, at their first meeting,
elect the following officers for the corporation:
One President, one Secretary and Treasurer
and one General Manager, and any or all of
these officers may be members of the Board
of Directors, and
Section z. That no stakeholder of this cor
poration shall be individually liable for its
debts beyond the amount that may remain due
or unpaid on the stock subscribed for by him,
and for such debts only as were incurred dur
ing his or her ownership of stock, and
Section s. That the domicile of said corpOr-
alton shall be in Brookhaven. in Lincoln County,
in the State of Mississippi, with power to estab-
fish as many branch offices in this State, or
elsewhere. as the purposes of said corporation
may require, and
Section 8. That this corporation shall enjoy
AL the rights and privileges, consistent with its
purposes, conferred by Chapter % of the Ammo
thereof
Section 10. That the stock of this corporation
shall be transferred only by the endorsement
and delivery of the stock certificate and the
registry of such transfer in the books of the
corporation and shall be worcestershire, and
Section IL. That this charter shall be in
force and effect from and after its approval by
the Governor and its recordation as required
by law.