The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1904-05-11
THE CHARTER
i Incorporation Of the Erookhayen
Furniture Company.

Be 1t KNOWN
Sec. i That w. o. Wheelock. G. M. Spears
land their associates and successors, are here
BY created a body polite and corporate under
the name and style OF The BRooKHAvEN FUR
NITUhE COMPANY, with succession for pc
Sec .. That said corporation as such may sue
and be sued, plead aud be implicated, prose-
cute and be pro ecuted to judgment In all the
courts Of Law and Equity; contract and be con-
tsacted with, make and adopt d corporate seal,
and
Sec. 8. That the purpose for which this corpo-
ration Is created Is to carry on a general mer-
camille and trading business, buying and selling
all kinds OF Furniture and Hardware. and any
kindred line or Inns or goods that the board Of
directors from time to time may see proper to
add; and
Sec. 4. That said corporation is hereby autho-
rized and empowered 70 Organize and operate a
general mercantile and trading business, in the
conduct OF which 1t may buy. own, sell and con-
yey Furniture, Hardware, Goods, Wares, Mer-
chandise, Real Estate and personal property
ch0Ses In action and chattes or all descriptions;
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
Issue bonds and secure them in The same way
and may hypOthecate its franchises, and may
make all necessary bylaws and regulations not
contrary to law, In this charter; and
Sec. s. That the capital stock of this corpora
ton Is hereby fixed with ten Thousand dol
lars $50 00000O). divided into shares OF one hun
ldred dollars $i00.00) each; but said corporation
Is authorized TO commence business when
twenty-five hundred dollars GO, 500 O0 shall have
been subscribed and Iaid in, either in money or
property; and
Sec. s. That the business of this corporation
shall be conducted by and under the manage
ment OF board OF three directors, who shall be
elected by the stockholders at their annual
meeting In each year, except that a vacancy
may be filled at a special meeting. The board Of
directors SHALL ut their first meeting elect the
following officers for the corporations one PreSi-
dent, one vice-PFesident, one Secretary and
Treasurer, and General Manager, and any
and all of these officers may be members of the
board of directors. The herein before mem
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
its officers; ami
or should the corporation be earlier dissolved,
its affairs shall be liquidated by three commits
sinners selected by the stockholders, and said
commissioners are hereby vested with full power
of selling any and all assets of tine corporation
property, both real and personal, and OF convey
Ing fulI and complete title thereto, and with full
power and authority to do and perform any and
all acts necessary or useful to fully and COM
pletely liquidate and distribute the proceeds, IL
any, among the stockholders; and
sec. 8. That no stakeholder of this corpora
ton shall be individually liable for its debts be-
yond the amount that remain due or unpaid on
the stock subscribed for by him, and for such
debts only as were incurred during his or her
ownership OF stock; and
Sec. 9. That the domcile of said corporation
shall be in the city OF Brookhaven, Lincoln
County, and in the State of Mississippi, with the
power of establishing as many branch stores in
this state. as the purposes OF said corporation
may reQu re; and
Sec. TO- That this corporation shall enjoy all
the rights and privileges, consistent with It's par
poses, conferred by Chapter %. of the Annotated
Code of 1892, and the amendments thereof; and
Sec. IL. That the stock of this corporation
shall be transferred only by the endorsement
and delivery OF the stock certificate, and the
registry OF such transfer in the books of the cor
pOrati0n and shall be worcestershire; and
Sec. II. That this charter shall be in force and
and effect from and after its approval by the
Governor, and its recordation as required by
law.