The commonwealth. (Greenwood, Miss.) 1896-1923, 1904-08-27
The Charter Of the Incorporation of
The SIdOn Mercantile Company

Sec. /. d. r. FindIey, W. W. burden,
Douglass Robinson and their associates
and assigns are hereby created a body
corporate under the name Of The Sidon
Mercanti G Company and shall have
succession for fifty years,
Sec. ;. Said company is hereby au-
thorized 10 have and to hold. to purchase
and to sell, receive and enjoy, real and
personal property necessary for the
transaction OF a wholesale and retail
mercantile business.
Sec. g.. Said company is hereby au-
tnOrized and empowered to sell, rent,
lease or mortgage. or exchange, or other
wise dispose Of, or incumber its real es-
tate as its board of directors may elect.
Said company shall have the right to
sue and be sued, to contract and he con-
tracted with, to plead and to be implead-
ed and 10 adopt a common seal and to
change or renew said seal at its pleasure.
The domicile of said company shall be
Sidon, Mississippi.
Sec. !. Said company is hereby au-
thorized and empowered to do a whole
ale and retail mercantile business in
said town, and 10 establish branch stores
elsewhere, and to buy and sell goods,
wares amt merchandise of every de-
scription in such lots and quantities
and on such terms and ia such manner
as may be determined upon by the Off
GERS of said company. Said company
shall have the right and is hereby au-
thorized and empowered to make adj
vances of money or goods, wares and
mprnhnnIiSn IN bn he ga1 on uhippDnIy
Of cotton to said company, and said adj
vances TO be secured by mortgages or
deeds of trust on either personal or real
property, as said company may desire.
Soc. D Said company is hereby au-
thorizcd and empowered to do n COM
mission business and to receive, for
ward and sell for its customers any cot
ton which it may receive, and to charge
a reasonable compensation for its ser
vices in the handling or sale of said cot
ton and is further authorized and en-
powered to perform any and all acts
which may be necessary for the success
full transaction of a cotton commission
business and receive such compensation
for its services in said business as may
be agreed Upon by and between said com
| ptiN hit ITO tuSlolhttN pdlu tOUlIftIlN IL
hereby authorized and empowered to buy
and sell cotton seed and to sell the same
upon a commission to he agreed upon by
and between said company and its GUS
toners and to do any and all acts ncces-
sary to the successful transaction Of
a cotton seed business. Said com
pany shall have and possess all of the
rights, powers and privileges coferred
by chapter - of the code of 1892 and
amendments thereto, made or to be
made.
See. G. The capital stock o fsaid com
pany shall be $20,000.00, divided into
shares Of $4,000 each.
Sec. 7. The management of said COM
pany shall be placed in the hands of not
less than three nor more than seven di-
r~cctors, who shall he stock holders in
said company. Said board of directors
to he determined by the stockholders at
the first meeting of said company. Said
directors shall be annually elected by
the stockholders and a majority of said
directors shall constitute n quorum. The
number of directors may be changed at
any time the stockholders desire.
Sec. 8. Said directors may elect one
from their number a president, vice.
president, secretary and treasurer, and
may also elect a general manager of
said business and other such officers as
they believe to be necessary. The OIL
ces of secretary and treasurer may be
held by n person. Said directors
shall also fix the salaries of all officers
of the company, except the subordinate
officers, and employees, whose salary
may be fixed by tho general manager of
the business. Said officers shall hold
their Offices until their SUCCESSORS are
duly elected and qualified. Said di-
~rectors are hereby authorized and ON
powered to I'LL vacancies in cir num-
Der caused by death, resignation or
otherwise, by the election by them of
of any stockholder or stockholders.
Sec. o. Tho annual meeting of the
stockholders shall be held on the first
day of August OF each year and the di-
rectorS and officers shall he elected at
said meeting.
See. 10. Said company is hereby au-
thorizcd and empowered to begin bust
ness when as much as $4,000 shall have
been subscribed and paid in.
See. II. This charter shall take effect
and be in force from and after the date of
its grant and approval by the Governor
of the State and its acceptance by the
incorporators.
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