Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1904-09-10
THE CHARTER OF INCORPORATION OF
THE OWL FURNITURE AND LUM-
Der COMPANY,

ARTICLE [. Be 1t known that @. W.
Cunningham, j. NJ. Gaines, NJ. L.. Jamison
and their associates are hereby created a
body corporate under the corporate name
OF the OWL FURNITURE N LUMBER
COMPANY, and by that name NAV sue and
be sueu, plead and be implicated in all
courts OF law and equity, contract, and be
contracted with. by sand corporate name
and may attest Its 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 it is hereby empowered to
conduct at the place OF its domicile, a gen.
eral mercantile business, owning, buying
and selling Wholesale, or retail goods,
wares and merchandise of every descrip-
tim and kind Of understandable wares, also
cotton, cotton seed and all Kinds OF country
produce; may purchase and hold such real
estate rs 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 as 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 domicile of said corpora
ton shall be at Brooksville. N~oxubee
County, State OF Mississippi. and said cor
p~oratlon shall have succession for a term
OF ~ years. The capital stock Of said cor
porati0n shall be Five Thousand Dollars.
$4,000 to be divided into fifty shares Of
one Hundred Dollars $500 each. or such
fractional parts thereof as may be desig'
mated by its by laws, but the same may be
increased at the discretion OF bone iide
stockholders by a majority vote OF the en-.
tire paid up capital stock, which shall not
exceed seven Thousand Dollars.
ART. ". When $1,000 ot.the said capital
stock shall be fully subscribed, and paid for.
said corporation shall be authorized to
commence business.
ART. V. All stock issued shall be signed
by the Secretary and counter-signed by the
President OF Nice-President. and authenti'
Gated by the seal of said corporation, and
shall be entered on the stock hook to be
kept for such purpose, and to be transfer
able thereon in the manner prescribed by
the statute in such cases,
ART. vi. The business OF said corpora
ton shall be conducted and managed by
and under the directions OF a board Of
three 90 directors, who shall be elected
annually by the stockholders, ut such time
and place as shall be prescribed and liked
bylaws. who shall from their number
elect a President. Vice-President and Sec
rotary and Treasurer, which two last
named offices may, If 40 directed by the by.
laws. be held by the same person. The
dutie. and salaries Of all officers to be pre-
scribed by the bylaws, and by It's bylaws
said eornoratiOn NAV determine the time,
manner and place of calling and conduct
ing meetings of said directors, and OF its
stockholders. and the mode OF voting by
proxy, ct cetera.
ART. VII. And said corporation shall
be empowered generally to exercise pow
ers incident to such corporations, as pro-
vided by Chapter % of the Annotated
Code of 1892 Of the State Of Mississippi.
All Indebtedness of the corporation shall
be so made as to be payable in any kind OF
| legal tender money oft United States.