The Tupelo journal., 1904-09-23
NUMBER 25
The Charter OF Incorporation of the
TupeIO Mercantile Co

| GCeC. l. DC ~ hhO 'hoo u ~ D"Oc''r
l.. H. Dabbs. d. w. Robins. W. y
Wilson W. L. Joyner, L. L Gordon,
C B. Kirkpatrick, W. D. Brow, A. 7.
Houston, d. W. Clark, II. B. Heard. j.
s. Thompson, W. 8. Sparks, and their
associates and successors, are hereby
| created body corporate, undcr the
name OF 1.-THE Tupelo Mercantile Co"
and shall have succession for fifty
years.
The domiciIe OF said corporation
shall be in the city OF Tupelo. Lee
| county Mississippi. Its capital stock
shall be fifty thousand dollars. divided.
into five hundred shares of the par
| value OF one hundred dollars each,
| provided. however, said Corporation
shall be authorized to begin bnsiness
| when twenty-five thousand dollars Oi
said stock shall have been actually sub
scrbed and paid in.
Sec 2 The purpose of said Corpora
| ton il and it is hereby authorized and
empowered to do general Mtirnn-
| tile and Advancing business, both
wholesale and retail and to establish.
conduct and operate Branch Stores and
to lend money on real and personal
| security or otherwise, to buy ana ~
Mortgages, Deeds of Trusts. A'i's
| and Accounts.
Sc. 3. Said Corporation is irr,'r
empowered to tnve and to hot
purchase aud sell, receive nnd -; o..
real aud personal property, r'r',''.''
or pr,uer ia the r"ndnrt OF m.'h -
,,I-nt al -d lri-iir-.a.
Src t. 5 S,ii t,orpur"tinp INA / iH''r
the right to ie and be snrd com 90
aud hr cnntr..ct"d with, p",d ,, al -
iu,I,len,i..I aud to adopt h''
.-at and tu change or rem .r' Il
at it's pleasurr.
See. ) Sad Corporation - nah t.
cd ana empowered to buy AMI =" -
do and cause to be done any ami
thing which in the judgment ri -
Board of Directors of said Cnrpoai'
NAV be necessary, not contrary t" lnN)
for the successful operation and m'"-
agement of said business and in s'''''
manner. as may be determined by 'i".
Board of Directors.
Sec. g. The officers of said Corpora
ton shall consist OF a Board of Direc-
tors of not less than three nor more
81 ,hnrS hich nnp,hpr
may be regulated by the Bylaws OF the
Corporation and President. Vice Psi
dent. Secretary, Treasurer and M,n-
ager--the Office Of Secretary aud
Treasurer may he filled by """
person--orethpr the President or e.
President may also be Treasurer aui
Manager the discretion Of thu
Board of Dire ctors the Board OF n''"-
tors shall be elected by the Stockh'',t"rs
and the President. Vice Presdrb, >'cr.
Treas. and Manager 10y The Di'' c'nrs
and all officers, including the Board III
Directors shall hold office for ons .cnr
aud until their successors are elcr 81
and quality-Said election shall irNr
place at such date and place ~ h ~
be agreed upon at the Organization nf
said Corporation and said Direc "rI
are authorized and empowered tn ill
such vacancies in their Numbers as m,y
be occasioned by death, resignation ar
otherwise, by the elections by th,m Il
any stakeholder or stockholders.
Sec. Z. Any stockholder who il in.
debted to the Corporation shall ut
he allowed to sell or transfer .t"'''r
of Directors.-the said Indebtedness ~ II
be "a lien against said stock-',nless
leased bv the Directors.
Sec s All salaries of the officers of
said Corporate shall be fixed by the
Board of Directors, except, the salaries
of the employees who are appointed by
the general Manager-wLich gener II
Manager shall have the right to fix the
wages of all employees under his charge.
Sec 8 The Corporation shall have
the right to make and adopt all necps-
sary Bylaws not in conflict with tis
law of the State aud Federal govern
ments.
Sec. 10. A meeting TO- the pur
of organization under IL
ter it's approval may bv he'll
Miss, at any time upon the Co
or more incorpnratOrs by giving,
two or more DAYS before hand,
notice personally or by mail. OF The
time and place of such meeting said
Corporation, shall, in addition to all
tn, powers and privileges herein Con-
ferred. have all the powers and privi-
leges conferred by Chap. 25 of the
annotated Code of 1892 aud the ameud-
ments thereto.
| MIN DE SyNENT N0T1CE