The leader., 1905-02-15
Charter Of Incorporation Of the
BOlian Mercantile Company.

Section /. Daniel Bollan, c. E. Davis, v. l..
Terrell, w. i. Butler, i. b. hampton, and
such 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
al the powers, privileges and immunitles con-
ferred by Chapter % of Annotated Code Of 1892,
and the several Acts amendatory thereof.
section 2. The domicie of said corporation
shall be ln the town of Bogue Chitto Ia Che
County OF Lincoln, IN 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, TO make advances on crops in cash
anu supplies and to carry on general mercan-
tile business.
tlon Is hereby liked at the sum Of $4,000 divided
into 500 shares OF 500 each, and the corporation
HEREBY created snail have the right to begin
business upon the subscription and payment in
money. or property Of Fifteen thousand Dollars
to its Capital stock.
Section 4. The cooperative power OF the Com
pany shall be vested IN a Board Of Directors
composed OF three persons, each Of whom suall
be stOclh0lder, to he elected BY the stock
holders of the corporation at their first meet
ing, aud annually on the first Monday Of Febru-
afy thereafter. The Board OF Directors snail
elect from their number 4 President and a Sec
retary, and Treasurer, and shall make aud
adopt all necessary bylaws, not inconsistent
with the laws Of the State Of Mississippi, pre-
scrbing the duties of It's officers and for tile
management Of the business Of the Company.
Said Board Of Directors shall hold Office for the
terra Of one year and until their successors
shall have been elected. and may appoint and
constitute such other officers, agents and EN-
llloyees for the transaction Of the business of
the Company as they may see proper, and pre-
scribe their powers aad duties.
section 3. 4h6 corporation hereby created
may exist Tor tlfty years butit IS distinctly un-
derstood tast is existence may be terminated
On he first day oi February 1906, II the Sioux
holders owning IS much as one-tiilrd OF the cap
lta stock shall serve notice to that elect on the
Ffesldents or business Manager, OF the Sec
feEslFys Oh or before ihe fifteenth day o January
next preceding and the same right to terinl-
Ifse is corporate exlsfsuce shall exist to be ex-
eIelsed "a the SAME way, every three years
hereafter III the event the owners OF a major
ity Of the stock snail desire continuation uf
me corporate existence, when such n0tico shall
be elYeti they shall have She right to purchase
&c par the Shares Of those stockholders who
have given tlie netice provided for, and Id that
event tne existence Of the corporation shall Hot
thereby be terminated.
Section 8 The Stockholders Ia said cornora-
ton shalt not pc liable tof the debts Of the corr
tQfaflon except as provided By Section Si4 Of
tna. SAID Code Of Mississippi.
lhe eofpQlatpfS above named have heronntO
subscribed their names, this the first day 81
February 1906
c. E. DAVIS.
IHAD 9. LAAPI0N,
w r. BUTLER
DAN BOLIAN.