The leader., 1904-05-25
THE CHARTER
OF incorporation Of the Brookhayen
Furniture Company.

i, 4 ~ is..s,.s,,,.
See. /. That w. 0. Wheelock. G. M. Spears
and their associates and successors, are here
Che name and style 81 THE BHo0KHAvEN FUn-
NiTURE COMPANY, with a succession for d pc
T iod OF nifty years; and
sec. .. That said corporation as such may sue
md be sued, plead and BIZ impleaded, prose-
cue and be pro- ecuted TO Judgment In IN the
courts Of Law and Equity; contract and be con-
and he same change, alter or break at pleasure;
and
See. 8. That the purpose for which this corpo-
ration Is created Ii to carry on a general mer-
camille and trading business, buying and selling
all KINDS of Furniture and Hardware. and any
hindred line or Inns or goods, that the board Of
directors from time to time may see proper tc
Sec. 4. That said corporation is hereby autho-
rized and empowered 90 organize and operate a
general mercantile and trading business, in the
conduct of which 1t may buy, own, sell and con
vey Furniture, Hardware, Goods, Wares, Mer-
chandise, Real Estate and personal property
and may sell goods on credit or for cash, and
may take security for payment OF the same, and
may borrow or lend money and secure the pay,
ment OF same by mortgage Or otherwise; may
issue bonds and secure them In The same way
and may hypothecate its franchises, and may
| make all necessary bylaws and regulations noI
| contrary TO law, In this charter and
Sec. 5. That the capital stock Of this corpora
ton Is hereby fixed with ten thousand dol
lars ($l0 OOJ0CO), divided into shares OF one hun
uTCu uOlthls NvlVUUUy CdCus UuJ SdlU COFpOTdLlOl
is authorized TO commence business when
twenty-five hundred dollars ($2 500 00) shall have
been subscribed and paid In, either in money OF
Sec. i. That the business of this corporation
shall be conducted by and under the manage
ment of D board Of three directors, who shat be
| elected by the. stockholders at their annual
| meeting Ia each year, except that a vacancy
may be filled at special meeting. The board Of
directors shall, at their first meeting elect the
| following officers for the corporation; one Presi
Ian FAsi mn 70 n
Treasurer, and q General Manager, and any
| and all OF these officers may be members OF the
| board OF directors. The herein before men
| toned board Of directors, may delegate power
to manage said business to such officer or agent
| as set out in the bylaws of said corporation
which said bylaws fix the powers and duties Of
| It's officers; and
Sec. I. That at the expiration of this charter
| or should the corporation be earlier dissolved
It's affairs shall be liquidated by three commits,
sivners selected by the stockholders, and said
commissioners are hereby vested with full power
OF selling any and all assets Of the corporation
property, both real and personal, and OF convey
ing Iul and complete title thereto, and with full
power and authority to do and Lerf0rm any and
| all acts necessary or useful TO fully and COM
pletely liquidate and distribute the proceeds, IL
any, among the stockholders; and
bee. 8. That no stakeholder OF this corpora
ton shall be individually liable for its debts be-
You'd the amount that remain due or uapaid on
The stock subscribed for by him, and for such
debts oi.iy as were incurred during his or her
Sec. o. That the domicile of said corporation
shall be Ia the city OF Brookhaven, Lincoln
County, and In the State OF Mississippi, with the
power Of establishing as many braIcn stores In
this state, as the purposes Of said corporation
may requ re; and
see. 10. That this corporation shall enjoy all
the rights and privileges consistent with its pur-
poses, conferred by Chapter 25 OF the Annotated
code Of 1892, and The amendments thereof; and
sec. IL. That the stock OF This corporation
shall be transfer ed ouly by the endorsement
and delivery OF the stock certificate, and the
registry OF such transfer in the books of the cor
pOration and snail be worcestershire; and
Dec. II. That this charter shall be in force and
and effect from and after its approval by the
Governor, and It's tecordation as required by
law,