The Tupelo journal., 1905-06-30
THE CHARTER OF INCORPORATION
OF THE VERONA BRICK and Tile
MANUFACTURING COMPANY


The Verona Brick and Tile Manufac-
turing Company, located near the
towno of Verona, in the County of Lee
and the State of Mississippi, is hereby
Incorporated, with the following rights,
powers and privileges:
Section THAT T. M. Clark, F. A.
Green, j. A. Orr, w. H. Sharp, D
H. Clark, w. R. Rea, W. S. johnson,
and all others who may be legally as
ISOLATED with them, by their joint con-
sent, according to the provisions of
this charter and the by laws, duly in
acted, and their successors, are hereby
created a body rolitic and corporate,
under the name and style of THE We
ROMA BRICK AND TILE MANU-
FEATURING COMPANY, to be loca-
ted near the town of Verona, in the
County of Lee and the State of Miss
issippi, and by that name shall have
succession for a period Of fifty years;
may sue and be sued, plead and be implea-
dedin all the courts of law and equity
in this State and elsewhere; may have
a common seal and the same use or not
use or alter at their pleasure; and may
make, alter or repeal bylaws at pleasure;
necessary for the efficient management
and control of said Company, not con-
trary to the provisions of this Charter
or the Laws of the land; may contract
and be contracted with
within the limits of the corporate
powers herein conferred; and may bor-
row money for corporate purposes and
secure the same by mortgage or other
wise.
Section 2-Tha capital stock of said
Company shall be $4,000, divided into
shares of 500 each and said company
is authorized to begin business, before
all of said capital stock shall have been
paid in, if said Company deem it neces-
sary.
Section 3-Said Company is hereby
authorized to invest its capital, in such
machinery, buildings, lands and other
property, real or personal, as shall be
necessary to properlycarry on the bus
mess of manufacturing brick and tiles
or either and do and perform all other
acts, necessary for efficient operation of
said plant; and may sell said property
or any part thereof and ~reinvest in ether
property or may exchange sameforoth-
er property.
Section 1.-The government of said
company shallbe confided to and admin
istered by a Board of directors mont
less than five or more than seven until
altered by the Bylaws; Said Board of
Directors shall be stockholders in said
company, which said board of Directors
shall be elected by the stockholders of
said company at it's office in the town
of Verona.
Caa4:oN TEaf Ercf n,aN+:pn af tho
stockholders for organization and elect
ion of Directors shall be at such a time
and place as said stockholders shall de
sire, in the said town of Verona, On five
days written notice to all said stockhol-
ders by T. M. Clark andF. A. Green.
Section 6-The officers of said CON-
pany shall be a President, Vice President
and a Sec. (who shall also be Treas.)
and a Genl Mgr; all of which shall be
members of the board of Directors; and
said officers shall possess and exercise
the powers and duties usually exercised
by such officers of private corporations
which may be necessary and proper
for them to do, and the Board of Di-
rectors, who shall be elected by the
stockholders of said company at it's
first meeting, shall Immediately meet
and elect the officers above provided
for; and the Board of Directors shall
have and exercise all such power and
authority as usually appertains to Board
of Directors and are needful for the
successful management of the affairs
of said company and not inconsistent
| with this charter or the lows of the
landandmay if they see fit require any
| or all of the officers of the said COM
pany to give bond in such
sum as they may deem proper for the
| faithful performance of their duties
and prescribe their compensation at
such AMOUNT payable at such time and
place as may be just and right.
Section Each stakeholder shall be
entitled to n vote for every 500. oil
took held by him, on all questions
on which stockholders have a right tc
vote; which said stock may be voted
in person or by proxy; and the majority
in interest of said stakeholder shallcon
troll in all proceedings and elections hac
or heidi them.
Section 8 Dividends of the net ear
nings of said company may be declared
from time to time at the discretion OF
the majority in interest of the stock
holders, and the Stockholders
Of said company shall he Liable
individually for The debts of said Com
pany only for such and amount Of then
subscriptions as is not paid and no more
Section 0-An indebtedness by or t,
the said Company, shall be SO maGs
that it shall be payable in legal tender
money Of the United States Of America