The Lexington advertiser., 1905-08-10
The Charter Of Incorporation of
HERMAN BROS. COMPANY,
of Lexington, Mississippi.

Section l. Be 1t remembered that sam Herr
man, Morris Herman, Myer A. Lewis, and
those who may hereafter become stockholders
their successors and assigns, be and they are
hereby constituted body politio and oorpor-
ate under the name and style Of HERMAN
BROS. CO., and by that name may sue and be
sued plead and be Impleaded in any court OF
law or equity In the State of Mississippi or
elsewhere; may have a common seal and alter
the same at pleasure and shall have succession
for fifty years, unless sooner dissolved by the
stockholders The domicile OF said corporation
shall be in Lexington, Holmes County, Missis-
sippi.
Section 9 The purpose Of this corporation Is
to engage in and carry on general wholesale
and retail! mercantile business. 1t shall have
the right to purchase, receive and own all kinds
of real estate and personal property necessary
and proper or convenient for it's purposes, to
buy and sell all kinds of real estate and person.
al property Of every description. 1t shall have
the right to loan money and to sell goods for
cash or on credit and to secure the same by
mortgages, deeds of trust and other securities,
on lands live stock, crops or any kind of per-
sonal property 1t shall have the right to buy
and sell cotton Said corporation shall have
all the rights and privileges created or con-
ferred by or enumerated In Chapter 25 of the
Annotated Code of Mississippi Of 1892 and all
amendments thereto, which may he necessary
for the purpose OF this charter.
Section g. The capital stock Of this corpora
tion shall be S25 10000 twenty-five Thousand
Dollars, divided into shares of 5000 each,
When $l0. .OO0. 90 of the capital stock shall have
been subscribed and paid In, said corporation
! shall have the right to organize and begin bus
mess. Subscription stock in said corporation
may be paid for either in cash or real estate OF
personal property or merchandise or chooses In
| action.
| Section L. The management of the business
Of said corporation shall be oonflded to three
directors who shallibe stockholders of said cor
| porati0n and who shall be elected annually by
thestockhoders Two OF the said directors shall
| constitute quorum for the transaction OF all
business. The said stockholders shall elect
from their number aPresident, Vice President
Secretary and Treasurer. The office of Sec
etary and Treasurer may be held BY one per-
on. The directors shah hold their office until
| their successors are duly elected and qualified
| Section s. The Stockholders may from time
to time make such bylaws, rules and reguIa-
| tions for the control and management of the
business affairs Of said corporation as they
may see proper, not Inconsistent with law
| Section g. at each meeting OF the stock
holders a vote OF the holders of majority OF
the stock then present, in person or by proxy
shall decide all questions submitted at saiC
meeting said stockholders shall be entitled
to one vote for each share Of stock held by hin
or her At all elections for directors eacl
stockholder shall have the right conferred b.
section S51 Of said Annotated Code.
Section J. No stockholder in said compan!
shall ever be in any manner personally liab
for the debts of said company beyond tn
amount Of his or her unpaid subscription TO
the capital stock OF same,
Section 5. The first meeting Of the stock
holders may be held at any time on 1--WE day
notice, either verbally or in writing, to a
! persons whose names appear in this charter.