The leader., 1902-11-12
CHARTER OF INCORPORATION
of the Boston EnstaIIment Company

VI AhC DOSlUt ltiSldiiHlenl company.
BE IT KNOWN
Section /. That ". w. Hagner, ChaS. Hagner
and Percy E. Quin and their associates and sue
ceSsors are hereby created body polite and
corporate under the name and style of THE
BOSTON INSTALLMENT COMPANY, with a
succession for period of fifty years, and
Section 9. That said corporation. as such,
may sue and be sued plead and be implicated,
prosecute and be prosecuted to Judgment in all
the courts of Law and Equity; contract and be
contracted with, make and adopt corporate
seal, and the same change, alter or break at
Section g. That the purpose for which this
corpot 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 4. That said corporation is hereby
authorized and empowered to organize and OPP
crate general inStallment business, in the oOn=
duct of which it 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 OF 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
Section 5. That the capital stock of this cor
poration is ereby fixed at Ten Thousand
(S1O,000.0O) Dollars, divided into shares of Ten
| (IIU-uOD llOHtIS uQI cOIpOIdtluA
| is authorized to commence business when Thirty
| Hundred t$a,0000Q) Dollars shall have been sub
serihed aud paid in, either In money or prop
| erty, and
| Section 0. That the business of this corpora
| ton shall he conducted by and under the man
agement of 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 frs 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 Dire tors, and
Section Z. That no steckholder of this cor
| poration shall be individually liable for Its
| or unpaid on the stock subscribed for by him,
and for such debts only as were Incurred dur
| ing his OF her ownership of stock, and
! Section g. That the domieile of said corpor-
alton shall be in BrookhaYen. in Lincoln County,
| in the State of Mississippi, with power to eStab-
lish as many branch offices in this State, or
elsewhere. as the purposes of said corporation
| may require, and
| Section o. That this corporation shall enjoy
al the rights and privileges. consistent with its
purposes, conferred by Chapter % of the Ammo
tated Code OF 1899, and the amendments
/ 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
i corporation, and shall be worcestershire. and
j Section II. That this charter shall be in
i force and effect from and after its approval by
/ the Governor, and its recordati0n as required
by law