The Iuka vidette. (Iuka, Miss.) 1894-1912, 1910-01-13
Charter of Incorporation of IuEa
Mineral Springs Hotel
Company. I"

Company is Ii,ka Mineral Springs
Hotel Company.
q. The namessof the incorpora-
tors are: Jas. H.sFaircloth; post
office, Iuka, Miss; w. F. Calvert,
post Office Chicago, H.; w. W.
Steele, post Office Iuka. Miss; A.
B. Patterson ,postoffice Iuka, Miss:
CHI Sheriff., ,postoffice Paducah, Ky
A. Sheriff.. " I" =
H. ". Sheriff., ="
3. The domicile s at Iuka,
Miss
4. Amount of capital stock is
Thirty Thousand Dollars $780,
00O.)
S. The par value of shares is
Ten Dollars each.
6. The period of existence (not
to exceed fifty years) is Fifty
Years.
Z. The purpose for which it is
created is. To acquire real estate,
erect, equip and run hotel at and
in the town of Iuka, Miss, for
the accommodation of the public,
and such other purposes as are
necessary, proper and incidenta
20 the effectual carrying out of the
main purpose of this cooperation.
Of such total authorized capital
stock, 1000 shares. of par value
.ol SO. 90 each, amounting to S10,-
0oO, 90 shall be preferred stock,
and 1000 shares of par value of
SIC. 90 each amounting to $40, 900
shall be common stock.
The holders of the preferred
stock stock shall receive. when
and zas declared by the board of
directors from the surplus Of net
profits of the corporation a divi-
dend of 6 per centum per annum
and no more. payable annually on
dates torbe fixed BY the bylaws of
said corporation. The dividends
on the preferred stock shall be
cumulative, and shall be paid be-
fore any dividend shall be paid or
set apart on the common stock,
so that if in any year dividends
amounting to six per centum per
annum shall not have been paid
thereon, the deficiency shall be
payable before any dividend shall
be paid or set apart for the Com
mon Stock.
Whenever all cumulative divi-'
dends on the preferred stock for
all previous years shall have been
declared and have been payable,
and the accrued dividends for the
current year shall have been de-
clared and the company shall have
paid such cumulative dividends
for the previous years, and such
accrued dividends for the current
year, or shall have set apart from
its surplus or net profits a sum
sufficient for the payment thereof,
the board of directors may declare
dividends on the common stock,
payable then or thereafter out of
any remaining surplus or Let prof
its.
8. The rights and powers that
may be exercised by this corpor-
lion are those conferred by the
provisions Of Chapter "a, Missis-
sippi Code, 1906.
Jas. Fl. Faircloth, w. w. Steele,
A. B. Patterson,C. H. Sheriff., A.
Sheriff., H. v. Sheriff., w. F.
Calvert, Incorporators.
Acknowledgment.
State of Mississippi,
Tishomingo County. ar
This day personally appeared
before me, the undersigned au-
thority, Jas. II. Faircloth,' post
office address, Iuka, Miss, and w.
w. Steele post Office addres S luka,
Miss, incorporates of the corpor-
alton known as the Inka Mineral
Springs Hotel Company, who ac-'
knowledged that they signed and
executed the above and foregoing
articles of incorporation as their
act all deed on this the 2Sth day
of y 1909.
p. w. Patterson,
Clerk of the Chancery Court.
BY +. ]. Storment, d. G. Chan
Gerry Court, Tishomingo Co. Miss.
State of Mississippi,
Tishorningo County. yelss
This day personally appeared
before me. the Undersigned au-
thority, A. B. Patterson, post Of
flee address Iuka, Miss, incorpor-
ator of the corporation known as
the Iuka Mineral Springs Hotel
Company, who acknowledged that
he signed and executed the
above and foregoing articles of
incor oration as his act and