The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1905-02-22
T 4. FOSBY
FOIey'S Honey and Tar
heals lungs and stops the cough.
Charter Of incorporation Of the
BOlian Mercantile Company.

Section l. Daniel Bolian, c. e. Davis. v. L.
Terrell, w. i, Butler, 4. b. Hampton and
sncn others as may hereafter become associated
with them, and their successors. are hereby
created body polite and corporate under the
name Of the Bolian Mercantile Company with
all the powers, privileges and immnnities con-
ferred by Chapter %. Of Annotated Code of 1892,
and the several Acts amendatory thereof
section 2. The domiclle of said corporation
SHAH be Ia the town of Bogue Chitto in the
County OF Lincoln, la the State of Mississippi
The object and purpose for which said corpOr-
alton Is created Is to buy and sell for profit
goods wares and merchandise, to buy and sell
produce, 70 make advances on crops ia cash
and supplies and to carry on general mercan-
tile business.
Section 8. The capital stock Of said corpora
ton is hereby fixed at the sum of $4,000 divided
into 800 shares Of 500 each, and the corporation
hereby created shall have the right TO begin
business upon the subscription and payment, in
money, or property OF Fifteen thousand Dollars
Section A. The cooperative power Of the Com
pany shall be vested In Board Of Directors
composed of three persons, each of whom shall
be a stockholdeF, to be elected by the stock.
holders OF the corporation at their first meet
ing, and annually on the first Monday Of Febru-
airy thereafter. The Board OF Directors shall
elect from their number President and Sec
rotary, and Treasurer, and shall make and
adopt all necessary bylaws, not inconsistent
with the laws of the State Of Mississippi, pre-.
scribing the duties of its officers, and Tor the
management OF the business of the Company
said Board Of Directors shah hold Office for the
term or one year and until their successors
shall have been elected, and may appoint and
constitute such other officers agents and EN-
| ployees for the transaction Of the business Of
| The Company as they may see proper, and pre-
scribe their powers and duties.
Section s. The corporation hereby created
may exist for fifty years; but it is distinctly un
derstood that Its existence may be terminated
on the first day Of February 1906, If the Stock
holders owning as much as 0ne-third of the cap
ital stock shall serve notice to that effect on the
President, or Business Manager, or the Sec
Rotary, on or before the fifteenth day of January
next preceding; and the same right to terlni
nate its corporate existence Shall exist, to be- ex
ereised in the same way, every three years
thereafter. In the event the owners of a major.
| ity of the stock Shall desire a continuation VI
the corporate existence, when such notice shall
be given, they shall have the right to purchase
at par the shares Of those Stockholders who
have given the notice provided for, and Ia thai
event the existence Of the corporation shall moi
thereby be terminated.
Section 6. The Stockholders In said corpora
ton Shall not be liable for the debts OF the cor.
p0ratiOn except as provided by Section S44 OF
the said Code Of Mississippi.
The corporators above named have hereuntO
subscribed their names, this the first day Of
G. e. DAVIS,
THAD y. HAMPTON,
w. 4. BUTLER,
DAN BOLIAN.