The weekly Corinthian., 1907-11-21
CHARTER OF INCORPORATION.
NOrlsOn- Hinton Grocery Company

1. The corporate title of said COM
pany IS, Morrison Hinton Grocery Co.
= The names of the incorporators
X. +. Morrison, post office, Corinth.
Miss, L. F. Hinton, post office. Corinth.
MISS. w. A. Hinton, post office, Cor
NTH, Miss; c. N. Morrison. post Office.
Corlnth. Miss. N. c. Rinehart, post
office, Corinth, Miss.
.. The domicile is at Corinth, Alcoru
county, Mississippi.
10000, w.
o. The par value of shares is Sl00. 90.
b. The period of existence is 50years.
q The capital stock of said corpora
ton shall he Fifty Thousand Dollars.
with the privilege of beginning opera
tion when as much as twenty-five
thousand dollars of said capital stock
snail nave been subscribed and actually
paid for.
g.. The Officers of said corporation
shall consist of President, Vice-Pres-
ident, Secretary and Treasurer and
Board of Directors, consisting of not
less than five, nor more than seven, of
the stockholders of said corporation to
be elected at the first meeting of the
stockholders of said corporation before
the corporation begins business. The
otilce of Secretary and Treasurer may
be held by one person If the stockhold-
ers by vote shall so decide.
8. Should any stockholder at anv
time desire to sell his stock, or any part
thereof, he shall give to the company
the privilege of buying the same, by
giving to the company a written notice
OF the price he demands for said stock,
ten days before selling same, during
which time the Board of Directors shall
have the right to buy said stock, or any
part thereof, for the benefit of the
company, the same to be paid for with
in thirty days from date of purchase,
and any sale made to an outsider till
after the expiration of said ten days
shall not be permissible or lawful.
10. The rights and powers that NAV
be exercised by this corporation are
those conferred by the provisions of
chapter "a, of the code of Mississippi,
1906, titled, Corporations.
IL. The purpose for which this corpo-
ration is created, are: For the purpose
of conducting a wholesale mercantile
business in the city of Corinth, Alcorn
county. Mississippi, and at such other
places in Mississippi as said corpora
ton by vote of its Directors may deem
proper. Said corporation shall have the
power and privilege of buving and SELL
ing all kinds of merchandise, also cot
ton and any other farm product, lumber.
live stock and such other articles as
seem proper in the conduct and man
agement of the business OF said corpo-
tion. II shall also have the power to
procure all insurance on any property
owned by said corporation. or under its
control, and in case of loss to collect
therefor. And the said corporation
shall have the power by the action of
its Board of Directors to adopt such
bylaws for its operation, control and
as it may deem proper
and necessary, such bylaws to be in
conformity and not in violation of the
laws of the state of Mississippi.
IL. None of the officers shall be en-
titled to any salary as such officer, but
the Directors may in their discretion
allow to each or any of said officers, as
fixed salary for such SER
vices as either of them may perform
in the transaction of the business of
said corporation, and the President shall
have the privilege of employing such
other employees as may be needed, at
agreed upon by said President
and such employee, said employment to
be subject to the approval of the Board
of Directors.