The Tupelo journal., 1904-12-09
The Charter Of Incorporation
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THE NETTLETON SUPPLY co.

SecClOn l. DE III KNOWN Vudu Il. Is
Smith, John McGaughey. W. +. May
field. Keith D. Davis, Jas A Trice, d. W
Robins. j. Il. Dabhs and their associ
ates and SUCCESSORS. are hereby created ,
body corporate, under the name OF 9TH,
Nettleton Supply Co." and shall have
succession for fifty years.
The domicile Of said corporation shall
b" in the town Of Nettleton, Lee county
Mississippi l's capital stock shall b.
Twenty Five Thousand Dollars, divided
nto Two Hundred and Fifty Shares O
the par value of One Hundred Dollars
each, provided. however, said Corpora.
ron shall be authorized to begin bust
ness when Ten Thousand Dollars Of said
stock shalt have been actually sub.
scribed and paid in.
Sec. 2. The purpose OF said Corpora
| ton is and it is hereby authorized and
empowered to do a General Mercantile
and Advancing business, both wholesale
and retail. and to establish, conduct ard
operate Branch Stores. and to lend
money on real and personal security OF
otherw Use, to buy and sell mortgages,
Deeds of Trust. Notes and Accounts
Sec. 3. Said Corporation is hereby
empowered to have and to hold, to pur-
chase and sell. receive and enjoy, real
and personal property. necessary or
proper in the conduct or management oil
said business.
Sec. & Said Corporation shall have
the right to sue and he sued, contract
and be contracted with, plead and be
impleaded, and to adopt a common seal
and to change or renew said seal at its
pleasure.
Sec 5. Said Corporation is authorized
and empowered to Guy and sell, to dc
and cause to be done any and everything
which in the judgment OF the Board oil
Directors OF said Corporation may be
necessary mot contrary to law for the
successful operation and management OF
said business and in such manner as ma,
be determined by the Board of Directors
Sec. G. The officers of said Corpora.
ton shall consist OF a Board of Directors
OF not less than three members and Us
many as the stockholders may decide to
elect, which number may be regulated
by the Bylaws of the Corporation. ann
a President, Vice President, Secretary
Treasurer and Manageable Office oi
Secretary and Treasurer may be filled by
one person-or either the President or
Vice President may also be Treasurer
and Managerial the discretion of the
Board of Directors. The Board of D.
rectors shall be elected by the stocA.
holders and the President, Vice PFesiden,
Secretary, Treasurer and Manager by
the Directors, and all officers including
the Board of Directors, shall hold office
Tor one year, and until their successors
are elected and qnallfv-Said election
shall take place at such date and place
as NAV be agreed upon at the organiza-
ton of said Corporation, and said Di-
rectors are authorized and empowered
to fill such vacancies in their numbers as
may be o%ccasioned by death. resignation
or otherwise, by the election hv them of
any stakeholder or stockholders,
Sec. 7. Any stakeholder who is in
1ebted to the Corporation shall not b.
allowed to sell or transfer their stock
without the consent of the Board OF Di-
'ectors-the said Indebtedness shall be a
en- against said stock-unless released
Nv the Directors.
Sec. s. All salaries of the officers of
4aJi Corporation shall be fixed by the
E0aI | OF Directors, except the salaries
10 th' employees who are appointed by
IT." enaral Manager-whlch General
1Nyga er shall have the right to fix the
WgE,e # all employees under his charge.
Sec The Corporation shall have
tae ra to make and adopt all neces.
/ sary q avs not in conflict with the
/ .sa a. State and Federal Govern
aeuEs.
I Ses 80 A meeting for the purpose OF
I organs ION under the Charter after
It- a.n val may he held in Nettleton,
Miss d any time upon the call Of two
ar H'are acorporutors by giving notice
t'so cor as IRE days before band, by notice
per~onaig Or by mail, of the time and
place oi .a.n meeting. Said Corpora
I zion 5aaH.t =, addition to all the power,
and Prjvilag = herein conferred. have all
the powers md privileges conferred by
Chapter - Of the Annotated Code OF
1882 ana lbt amendments thereto.