Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1904-09-24
THE CHARTER OF INCORPORATION OF
THE GAINES GROCERY COMPANY.

ARTICLE |. Be 1t known that } NJ.
Gaines, g. W. Cunningham, NJ, l.. Jami-
son and their associates, are created a
body corporate under the corporate name
OF the GAINES GROCERY COMPANY, and
by that name may sue and he sued, plead
and be implicated, in all courts of law and
equity, contract and be contracted with by
said corporate name, and may attest It's
contracts by corporate seal to be altered
or changed by will.
ART. 2, The purpose of said corporation
are, and 1T il hereby empowered, to con.
duet at its place of domicile, a general
mercantile business, owning, buying and
selling wholesale. and retail, goods, wares
and merchandise of every description and
kind of merchantable wares. also cotton,
cotton seed and all kind of country pro-
duce; may purchase and hold such real es-
tate as may be needed for the location of
store and warehouse; and such real estate
rs may be acquired in the collection OF
debts, may take and hold by deeds of trust,
mortgages, or other instrument of convey
auce, such securities as may be deemed
| advisable to secure debts contracted or to
be 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. 3. The domicile OF said corpora
ton shall be at Br00ksville, Noxubee
county, and State of Mississippi, and said
corporation shall have succession for the
term of % years. The capital stock o!
said corporation shall be Ten Thousand
Dollars. ($10,000) to be divided into One
Hundred dollars each, or such fractional
parts thereof as may be designated by its
bylaws, but the same may be increased at
the discretion of bone tide stock holders by
u majority vote of the entire paid up capt.
tai stock, which shall not exceed Fifteen
| Thousand Dollars.
ART, A. when 5000 of the said capital
stock shall be fully subscribed, and paid
for, said corporation shall be authorized TO
| commence business,
ART, 3. All stock shall be signed by the
secretary and counter-signed by the pres
ident or vice-president. and authenticated
by the seal of said corporation. and shall be
entered on the stock book to be kept for
snch purpose, and be transferable thereon
in the manner prescribed by the statute in
such cases.
ART. 6. The business OF said corpora
ton shall be conducted and managed by
and under the directions Of a board OF
three (3l directors, who shall be elected
annually by the stockholders at such n
time and place as shall be prescribed and
fixed by bylaws, who shall from their
number elect a president, vice-president
and secretary and treasurer, which two
last named offices may, If so directed by the
bylaws, be held by the same person. The
duties and salaries of all officers TO be pre-
scribed by the bylaws. and by its bylaws
said corporation may determine the time,
manner and place of calling and conducting
meetings OF said directors. and OF its
stockholders. and the mode OF voting by
proxy. ct cetera.
ART. I. And said corporation shall be
empowered generally to exercise powers
incident to such corporations, as provided
by Chapter % Of the Annotated Code o.
1892 of the State of Mississippi All in
debtedress OF the corporation shall be 81
made as to be payable in any kind OF Lega
Tender money of the United States.