The Tupelo journal., 1905-11-24
The Charter of Incorporation Of The
Reeves Grocery Co.

Section /: W. T. Reeves, r. B.
Clark, w H Powell, j. b. Alexander
and their associates and successors, are
hereby created a body corporate under
the corporate name of the REEVES
GROCERY COMPANY and shall have
succession for Fifty years. It's doml-
Gle shall be Tupelo, Lee County. Mis-
sissippi.
Section 2: The capital stock of said
corporation shall be Fifty THOUS-
AND $3.50, COG. 00) DOLLARS divided
into shares of ONE HUNDRED ($1O0-
Coz DOLLARS each. Bu5said corpora
ton may begin business when THIRTY
THOUSAND $3.50, 600. 900 DOLLARS
has been subscribed and paid i'll.
Section 3: The purpose Of this Cor
poration is to conduct and carry on a
Wholesale Grocery business and do a
General Mercantile business with its
principal office in the city of Tupelo.
For the purpose of conducting such
business, it is authorized to buy n
sell and lease and otherwise acquire
necessary and proper real estate and
other property for it's corporate pur-
pose. May buy and sell all kinds OF
Merchandise and Commodities and
Agricultural Products, and handle the
same on commission or consignment,
make advances and loans, take Deeds
of Trusts and Mortgages and other
Security, to secure debts due it or ad-
vances made, buy and sell all kinds OF
Commercial and other paper and bonds
and securities of all kinds and receive
the same as collateral Of pledge and to
hypothecate the same; and do SUCH
other things as may be necessary or
evident to the successful management
and conduct OF said Wholesale Grocery
business. And in addition to the
authority and power above conferred
shall have all the authority and power
conferred on Corporations by Chapter
Twenty-Five of the Code OF Mississippi,
1892. and laws amendatory thereof.
Section A.: The management and
conduct of the affairs and business OF
said Corporation shall be confided IN a
Board OF Directors, consisting OF live
members, who shall be Stockholders
and hold their office for n year and
until their successors are elected. The
Board of Directors shall elect a Presi-
dent, a Vice-President, a General LANA
ger, a Secretary and d Treasurer ana
fix their compensation and shall conflde
the selection and employment of agents
and employees to the General Manager.
The President. Vice-President, Secre-
tary and Treasurer shall each be,
Directors, but the General Manager
may or may not be a Director or Stock
holder, as may be deemed best. The
General Manager may or may not be the
President or Vice-President, and the
office of Secretary and Treasurer may
be held by the same person.
Section 5: The Stockholders shall
meet annually on first Tuesday after
first Monday in January and at such
time, shall elect said Board of Directors
and tranaact such other business as
may be proper, and shall meet at such
other times as may be provided by the
bylaws as they may be called by the
President or the Board of Directors.
The Board of Directors shall fix the
times for their meetings.
Section 6: The Corporation may en-
act Bylaws for the government OF the
Corporation and defining the powers
and duties of the officers, not incon-
sistent with the provisions OF this
Charter, nor the Constitution and laws
of the State.
Section Z: For the purpose of or
ganizing under this Charter, a Stock
holders meeting may be called by W,
E. Reeves and B. Clark on five days
notice to the Stockholders; and at such
meeting, a Board of Directors shall be
elected for the ensuing year.