The Tupelo journal., 1907-06-14

Inc corporate t1tle OF sale company
shall be Farmers Union Warehouse
Company.
The names of the lncorporators are.
and their post Office address is as fol-
lows: 7 j Leslie, P~lantersville, Miss,
r Ed No g.; r } Boyd, Guntown, Miss,
r F d No. 2; Wade H. Long, Shannon,
Miss; V V Cowley, Saltillo, Miss, r f
ID No. q; E Jones, Blue Springs. Miss,
r F d No. a; j T Morgan, Tupelo,
Miss, RID No. q; J A Simmons, 1upe-
10, Miss, X F d No. l, and such other
persons as may hereafter become asso-
ciated with them.
The domicile of said corporation shall
be Lee county, State of Mississippi,
n 18th the head Office at Tupelo, Miss.
".
CAPITAL STOCK The authorized
capital stock of said corporation shall
be thirty thousand $3.50, 900. 00) dollars,
the actual amount to be fixed by the
stockholders within that limit. When
five thousand ($5, 900. 00) dollars of
which is paid in, IN cash, said Company
shall be authorized to begin business.
v.
The par value Of the shares of its
capital stock shall be ten ($10. 00) dollars
each.
The period Of existence Of said cor
poration shall be fifty years.
VII.
The purpose for which said corpora
ton IS created, and the powers which it
is to exercise are as follows:
(a) The rights and powers that ma
be exercised by this corporation are
those conferred by the provisions of
Chapter "a, of the Code of 1906.
(b) 1t shall haye the right and au-
thorlty to establish, erect, own, main
tain and conduct warehouses in the City
of Tupelo, Lee county, mississippi, and
in Verona, Shannon, GuntoWn, Baldwin,
Saltillo, and such other places in said
county as the managers thereof may
from time to time determine upon; and
in said warehouses carry on the bust
ness Of storing, buying and selling on
commission for others, cotton, corn and
all other, farm products, and in addition
thereto any and all other personal
property of every kind and character,
and charge reasonable fees as compen-
ton for such storage, and issue nego-
table warehouse receipts for property
SO stored.
(c) The said corporation shall have
the power and authority to contract and
be contracted with, sue and be sued,
contract debts, borrow money, and
mortgage its property and sell it and
dispose of it, and issue bonds, and do
any and all other things such corpora
tions are permitted by law to do.
(d) The management of said corpora
ton shall be entrusted to a Board of
Directors of ten, who shall be elected
annually from the stockholders, Oh the
first Tuesday in July of each year, q. as
soon thereafter as practicable, which
time is fixed for the annual meeting of
the stockholders. The officers of said
corporation shall consist of president
and vice-president and a manager and
secretary and treasurer for each ware
house that may be established; and if
the Board of Directors shall so elect.
one person may hold both offices of man
ager and secretary and treasurer. for
each of said warehouses. The Board of
Directors shall have power to fix the
compensation of all said officers; and in
addition, shall be authorized to employ
any additional help necessary. The
president of the corporation, and in his
absence, the vice-president, shall pre-.
side at all meetings of the Directory.
In case OF vacancy in the Directory, the
Board of Directors shall fill the same
by election. The meeting place of the
stockholders shall be in the court house
IN the City of Tupelo, in said county Of
Lee, which may be changed by resolu-
ton of the stockholders, to any other
suitable place in said county. The Board
OF Directors shall meet quarterly on the
first Tuesday of January, April, July
and OCTOBER and at such other times as
the presiding officer thereof may see fit
to call, and as the business of the insti-
tuition may require. The place of the
meeting OF the Board of Directors shall
be at the court house in the said Cityo of
Tupelo, but by resolution may be at any
other place IN said county.
(e) The powers and duties of all Off
GERS of said corporation shall be fixed
and determined by the Board of Direc-
tors, and they shall hold office for one
year, unless sOone removed by the DI-
rectory. The term of office of the Board
of Directors shall be one year from date
of election.
() The first meeting of the stock
holders, after the granting of this char
ter, shall be at such time and place,
and on reasonable notice, as may be
fixed by a majority OF mcorporators
herein named. At such first meeting OF
the stockholders the Directory elected
shall have a meeting, or as Don there
after as practicable, on a call OF the
majority SO elected.
WADE H LONG,
II BOYD,
eli JONES,
A SIMMONS,
Wv COWLEYI
II / L INNI III