The Tupelo journal., 1904-12-02
The Charter Of Incorporation
THE NETTLETON SUPPLY co.

Section / BE- it known that i. b.
Smith, John McGaughey. W. +. May.
field. Keith D. Davis, JAS \ Trice. ID. W.
Robins. j. r. Dabhs and their associ.
ates and successors are hereby created ~
body corporate. under tho name OF The
Nettieton Supply Co > and shall have
succession for fifty years.
The domicile of said corporation shall
be in the town Of NettIeton, Lee county,
Mississippi Is capital stock shall he
Twenty Five Thousand Dollars. divided
nto Two Hundred and Fifty Shares OF
the par value of One Hundred Dollars
each, provided. however, said Corpora
tiOn shall be authorized to begin bust
ness when Ten Thousand Dollars of said
stock shall have been actually sub
scribed and paid in.
Sec 9. 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 or
otherwise . 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 %enjov. real
and personal property. necessary or
proper in the conduct or management OF
said business.
Sec 6 Said Corporation shall have
the right to sue and be sued. contract
and he contracted with. plead and be
implicated. and to adopt a commn seal
and to change or renew said seal at it's
pleasure
Sec ). Said Corporation is authorized
and empowered to wv and sell. to do
and cause to be done any and everything
which in the ju lgment of the Board OF
Directors OF said Corporation NAV br
necessary (nOt contrary to law for the
successful operation and management of
said business and in such manner as may
be determined by the Board Of Directors
Sec. 6. The officers of said Corpora
ton shall consist OF d Board Of Directors
of not less than three members and as
many s the Stockholders may decide to
elect, which number may be regulated
by the y-Laws of the Corporation. and
Il President. VIE President. secretary
Treasure and M%Anager-the office II
otCFetHTI anu treasurer nav bf uiiVo W
one either the Prraident~nr
Wee President may aiso be Treasurer
and Managrr--at The discretion m the
Board of Directors Thu Board OF DE-
rcturs shall b. elected b, the stock
holders and the President, Vice President
Secretary. Treasurer and Manager by
thu Directors, and all officers including
the Board of Directors. shall hold office
for one year, and until their successors
are elected and QnHlify-Said election
shall take place at such date aud place
AZ nav b. agreed upon at the %organiza-
ton OF said Corporation. and sad Di
rectors are authorized aud empowered
to fiji such vacancies in their numbers a
may be occaaioned by death. resignation
or otherwise. nv thu election bv them of
any stakeholder or Stockholders
Sec Z ANY stakeholder who ia in
dpbted to the Corporation shall not b.
allowed to sell or transfer their stock
without the consent of the Board OF hi
rectors-the said indebtedness shall be q
lien against said stOck-unless released
by the Directors
Sec. s. All salaries of the officers Of
said Corporation shall be fixed by the
Board of Directors. except the salaries
OF the employees who are appointed by
the General Manager-which General
Manager shall have the right to fix the
wages OF all employees under his charge
Sec 8. The Corporation shall have
the right to make and adopt all neces-
sary BYLAWS not in conflict with the
law OF the State and Federal Govern
ments.e
Sec 10 A meeting for the purpose Of
organization under the Charter after
it's approval may be held in Nettleton.
Miss, at any time upon the call OF two
or more incorporators by giving notice
two or more days before hand, by notice
personally or by mail, OF the time and
place of sucn meeting. SAID Corpora
ton shall. in addition to all the power
and privileges herein conferred. have all
the powers and privileges conferred by
Chapter % of the Annotated Code OF
1892 aud the amendments thereto