The leader., 1902-12-10
Charter of Incorporation Of A. C.
Seavey & Sons.

| SECTION 1sT.-Be it known of al men, that
A. G. Seayey. Willard II. Seavey, John L.
SeaVey and Eugene Nj. Bee, Jr., and such per-
sons as may hereafter be associated with them,
and their successors, are hereby CONSTITUTED a
body polite and corporate under the name of
"A. G. SEAvEi 4 Sons" and by such corporate
name may sue and be sued, and may prosecute
and be prosecuted, to Judgment and SatiSfac-
ton, before any court; may have a corporate
SEAL may contract and be contracted with with
in the limits of the corporate powers; may 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
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 take 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,
wares and merchandise. (hee sale of which is
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 a gen.
eral mercantile business, and may y make
all necessary bylaws, not contrary to law, and
may have and exercise all of the powers and
authority conferred on corporations by Chapter
%, OF the Annotated. Code.of 1892, and the Acts
amendatory thereto. The!purposes.of this cor
pGra;tion are: The importing exporting. buying,
and merchandise, groceries, agricultural nipple
mentS, live stock, all kinds of agricultural pro-
ducts, fertilizers and all kinds and character of
personal property, the sale of which is not pro-
hiblted by law; the conducting and carrying on
OF mercantile business, either wholesale or re-
tail; the ownership buying, selling and renting
OF Such lands that may be thought beneficial and
promotive of the interests of the corporation as
an adjunct to its mercantile business; such
raising OF live stock, and planting and farming
enterprises as may be deemed advantageous to
the corporation.
SECTION 2ND.-The corporation shall exist for
period OF fifty years from and after the date of
the approval OF this charter by the Governor.
SECTION 3RD.-The capital stock of the corpo-
ration shall not be less than Thirty Thousand
Dollars, and not more than Seventy Five Thous-
and Dollars, to be divided into shares Of
one hundred dollars EACH subscriptions
for which stock may be paid in mon
ey g., or IN real or persona! property
not be liable individually for the debts of the
corporation contracted during his ownership of
STOCK for any amount in excess Of the balance
subscribed for by him. The corporation shall
have lien on the stock for any debt due to it by
the subscriber or holder of the stock. The cor
poraton may commence business when Twenty
Thousand Dollars of the capital stock have been
paid in.
SECTION 4TH,-The officers of the corpora
ton shall be President, Nice-President, and
a secretary and treasurer, who shall be stock
holders of the corporation, and shall be elected
| annually by the stockholders at such time and
place as they may determine. A board of direc-
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
poratlon. Two or more of the offices of the cor
Rora I.G may be held by the same person, and
! SECTION 5TH.-The domicil of the corporation
shall be in the city Of Brookhaven, Lincoln
County Mississippi, and it shall have power to
establish, maintain and conduct such branch
estaRhllShliments agents or agencies that the
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 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,
| Tor 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
conuenient newspaper for at least ten days be-
foTe 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.