The Tupelo journal., 1907-06-07

The corporate title of said Company
shall be Farmers Union Warehouse
Company.
The names Of the lncorporators are,
and their post Office address is as fol-
lows: J Leslie, Plantersville, Miss,
r Ed No g.; T j Boyd, Guntown, Miss,
R F d No. 2; Wade H. Long, Shannon,
Miss; V V Cowley, Saltillo, Miss, R F
d No. 2; H Jones, Blue Springs Miss,
r F d No. 4; ] I Morgan, Tupelo,
Miss, RID No. 2; J A Simmons, Tupe-
10, Miss, R F d No. l, and such other
persons as may hereafter become asso-
ciated with them.
The dom:cile of said corporation shall
be Lee county, State Of Mississippi,
With the head office at Tupelo, Miss.
".
CAPITAL STOCK The authorized
capital stock of said corporation shall
be thirty thousand $3.50, 600. 00) dollars,
the actual amount to be fixed by the
stockholders within that limit. When
five thousand (S5, COZ. O0) dollars of
which is paid in, IN cash, said Company
shall be authorized to begin business.
V.
The par value of the shares of it's
capital stock shall be ten $50. COY 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 10 exercise are as follows:
(a) The rights and powers that may
be exercised by this corporation are
those conferred by the provisions of
Chapter "a. of the Code of 1906.
90 1t shall haye the right and au-
thorIty to establish, erect, own, nam
tam and conduct warehouses in the Guy
of Tupeio, Lee county, mississippi, and
in Verona, Stanton, GuntoWn, BALDWIN,
S~altillo, and SUCH other places in said
county as the managers thereof may
fIom time to time determine upon; and
in said warehouses carry on the pu5i
ness OF storing, buying and selling on
commission Tor 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 ompen-
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
lions are permitted by law to do.
I'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, on the
first Tuesday in July of each year, or as
soon thereafter as practicable, which
time Is fixed Tor the annual meeting of
the stockholders. The officers of said
corporation shall consist of president
and vlce-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.
n 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 Tupeio, 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-
M