The Tupelo journal. (Tupelo, Miss.) 1876-1924, 1904-09-30
NUMBER 27
The Charter OF Incorporation of the
TupelO Mercantile Co

Sec. BE it known that X Dabbs,
l.. Ii. Dabbs. d. w. Robins. W. X.
Wilson. w. l.. Joyner, L. L Gordon,
Houston, ID. w. Clark, H. b. Heard. j.
s. Thompson, W. s. Sparks, and their
associates and successors, are hereby
created body corporate, under the
name OF 1.-The Tupelo Mercantile Go "
and shall have succession for fifty
years.
The domicie OF said corporation
shall be in the city OF Tnpeln. 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 business
when twenty five thousand dollars oi
said stock shall have been actually snb.
scribed and paid in.
Ser. The purpose Of said Corpora
ton IN and 1t is hereby authorized and
empowered to do general NJ. rcan-
tile and Advancing business. both
wholesale and retail and to establish,
conduct a nd operate Branch Stores and
to lend money on real and personal
security or otherwise, to buy AMI sell
Mortgages, Deeds OF Trusts, Notes
and Accounts.
See. B. Said Corporation il hereby
empowered to have and to h"id. tn
purchase and sell, receive and enjoy,
real and personal property, necessary
or proper in the conduct or IN mage
ment OF said businesses.
Sec. 4. Said Corporation shall have
the right to sue and be sued. contract
and be contracted with, plead aad be
impleaded and TO adopt common
seal and to change or renew said seal
at it's pleasure.
Sec. 5 SAID Corporation is au'hnriz-
ed and empowered to bny and = IT, 10
do and cause to be done any aud "Yery-
thing which in the Judgment Ui the
Board OF Directors of said Corpuation
NAV be necessary, not contrary t" law)
for the successful operation and man
agement of said business and ia such
manner, as may be determine bf the
Board of Directors.
Sec. g. The officers of said Corpora
ton shall consist OF a Board OF l'rec-
tors of not less than three nor more
than seven members, which nnnh"r
may be regulated by the Bylaws a.
Corporation and President. Vice Pu>i-
dent Secretary, Treasurer aud Man
ager-the office of Secretary and
Treasurer NAV he filled by one
person-oreither the President or Vice
President may also be Treasurer ani
Manager.-at the discretion ol the
Board of Directors the Board of nIrec-
tors shall be elected by the Shareholders
and the President. Vice President rscy.
Treas. and Manager 10y the DIRECTORS
aud all officers. including the Boar I al
Directors shall hold office for ont Year
and until their Successors are Fl ted
and qualify-Said election shall take
place at such date and place as .uay
be agreed upon at the Organizati'n of
said Corporation and said Dr,c ors
ar. authorized s.,a,i ems1wered g tit
such vacancies in their Numbers rs nav
be occasioned by death, resignation or
otherwise by the elections bv them Of
any t,,ckholder or stockholders.
Sec. T. Any stockhoIder who. j. iI.-
debted to the Corporation shall not
be allowed to sell or transfer their
stock without the consent of the l;pnrd
of Drectors.-the said indebtedneS shrl
be lien against said stock-lnI-~S re-
leased bv the Directors.
Sec. 8. All salaries of the Officers ot
said Corporate shall be fixed h' the
Board of Directors, except, the saia"es
of the employees who are appointed by
the general Manager-which ge"rral
Manager shall have the right to fix the
wages ofall employees under his charge.
Sec. 9. The Corporation shall have
the right TO make and adopt all ntces-
sary Bylaws not in conflict with TIE
law of the State and Federal govern
ments.
Sec. 10. A meeting for the purpose
of organization under this Charter af-
ter it's approval may bv held in Tup'lo,
Miss, at any time upon the call OF two
or more incorporators by giving notice
two or more DAYS before hand. hy
notice personally or by mail. OF the
time and place of such meeting s'id
Corporation, shall, in addition to all
the powers and privileges herein con
ferred. have all the powers aud privi-
leges conferred by Chap. 2o OF the
annotated Code of 1892 and the amend
,ucn tS fhprpto