Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1904-09-24
THE CHARTER OF INCORPORATION OF
THE OWL FURNITURE AND LUM-
Der COMPANY,

ARTICLE I. Be 1t known that g, W.
Cunningham, j. NJ. Gaines, NJ. l.. Jamlson
and their associates are hereby created a
body corporate under the corporate name
OF the OWL FURNITURE AND LUMBER
COMPANY, and bv that name may sue and
be sued, plead and be impleaded in all
courts OF law and equity. contract and be
cont acted with. by said corporate name
and may attest It's contracts by corporate
seal to be adopted by said corporation, and
altered or changed at will.
ART. III. The purpose Of said corpora
ton are, and il IN hereby empowered to
conduct at the place of its domicile. a gen.
eral mercantile luslness, owning, buying
and selling Wholesale, or retail goods,
wares and merchandise of every descrip-
ton and kind Of merchantable wares, also
cotton, cotton seed and all Kinds OF country
produce; may purchase and hold such real
estate as may be needed for the location OF
store and warehouse. and such real estate
as may be acquired IN the collection OF
debts. may take and hold by Deeds OF
Trusts, Mortgages or other Instrument OF
conveyance, such securities Ms may be
deemed advisable to secure debts contract
ed or to he contracted, for goods. supplies
and moneys advanced, to customers on
| either real or personal property, or both,
and generally to make such contracts and
| take hold such securities therefor as are
usual and incident to its said business.
ART. III. The dOmiclle of said corpora
ton shall be at Brooksville. NOxubee
County, State OF Mississippi. and said cor
pOration shall have succession for a term
OF % years. The capital stock of SAID cor.
pcration shall be Five Thousand Dollars,
IS5OOO) to be divided into fifty shares Of
one Hundred Dollars (Sl00) each, or such
fractional parts thereof as may be dcsig'
| mated by its by laws, but the same may be
| increased at the discretion OF bone tide
| stockholders by a majority vote OF the EN-
tire paid up capital stock, which shall no
exceed seven Thousand Dollars.
ART. ". When $4,000 OF the said capita
stock shall be fully subscribed, and paid for
said corporation shall be authorized tt
commence business.
ART. ". All stock issued shall be signet
by the Secretary and counter-signed by tn
President OF Vice-President. and authenti
Gated by the seal of said corpoI ation. an'
shall be entered on the stock hook TO b'
kept Tor such purpose, and to be transfer
able thereon in tie manner prescribed b.
the statute In such cases,
ART, VI. The business OF said corpora
ton shall be conducted and managed b,
and under the directions OF a board o
three (3) directors, who snail ne electe'
annually by the stockholders, at such tim
and place as shall be prescribed and hxe'
bylaws. who shall from their humble
elect a President. Vice-President and Sec
rotary and Treasurer, which two las
named off ces may. II so directed by the by
laws, be held by the same person. Tn
duties and salaries of all officers to be pre-
scribed by the bylaws, and by It's bylaw
said corporation NAV determine the time
manner and place of calling and conduct
ing meetings of said directors, and OF it
stockholders. and the mode OF voting b.
proxy. ct cetera.
ART. VII. And said corporation shaI
be empowered generally to exercise pow
ers incident to such corporations, as pre-
yided by Chapter % OF the Annotate,
Code of 1892 OF the State Of Mississippi
All Indebtedness of the corporation sba
be 40 made as to be payable n any kind Q
legal tender money o fthe United States.