The Tupelo journal., 1911-12-08
The Charter Of Incorporation Of
The Colored American De-
velopement Association.

velopement Association.
!. The corporate title of said Company Is The
Colored American Development Association.
2 Ths names ef the incorporstors are; Rey.
A. X. Abbott, b. j. Simmons and Henry Afford,
whose postoffice address is Tupelo. Miss. An
thony Burnett, Louis Ward, Ed McAllister whose
Dcstofice address is Gibson. Miss; w. B. jackson
whose postoffce address is Okolona, Miss; and
Sam Mckinney whose postoffice address is Alb
erdeen, Miss,
8. The domicile is at Tupelo, Miss.
4. There Is to be no capital stock.
8. The shares are to have no par value, as
there is to be none.
6. The period of existence is fifty years.
2, The purpose for which this company Is Gre
ated, is: Not for pecuniary gain, but for benev-
olent purposes alone. There Is to be no capital
stock and no stockholders. The aim of the incor-
ing thrift and habits of saving among the colorcd
youth OF the country, and to that end, to accumu-
late from small monthly payments. to be made by
them' afund for them. sufficient when they shall
have reached the age of maturity and discretion.
to enable them to start life with some means.
The plan by which the incorporators will attempt
to accomplish this 10 as follows:
All coiored persons between the ages OF five
and twenty-five years, either on their own appli-
cation. or that of their parents or guardians. are
to be entitled to membership, and receive endow-
guardians or parents. into the treasury of the
company, of a membership fee Of $1,000 and
agreeing to pay into the treasury $1.00 monthly
thereafter. until the holder of such endowment
certificate shall attain the age of twenty-five
years. The sum so accumulated, with its increase,
less its pro rata share Of the expenses of con-
Quoting the affairs of the company, shall be pay
able to the holder of the certificate, when he or
she shall attain the age of twenty-five years.
Such certificate is to be non-forfeit-
able. and whatever amount may be paid IN by the
holder thereof, whether for one year or for the
whole term. with its share of the earnings. less
the expense of conducting the business of the
company. to be paid to the holder Of the certifi-
cate when he attains the age of twenty-five
voarq- or RI thOao outifIod thorotO II in the moan-
time the holder has died.
There is to be a Board of Directors of seven.
elected for one year by the holders of the endow-
ment certificates, who are to vote either in per-
son, or by proxy through their parents or guar
dams. in case they are minors; such Board to
elect the officers of the company to be known
as Supreme President, Grand Vice-President
Treasurer, Secretary and Corresponding Secre-
tary who shall hold Office for the term of one
year. The Board of Directors are to have the
power to invest the funds accumulated from the
holders of certificates in stock, bonds.
real estate, personal property, chooses IN action, or
loan the same at interest, on sufficient security.
Such Board of Directors are to have the power to
make the necessary bylaws, and rules and regu-
lations, to carry out the purposes of the Company
and shall have such other powers as are confer
rod bv Chapter "a. Code of 1906, and amendments
thereto.
A. R.. Abbott. Henry Afford.
r. ]. Simmons w. B.. Jackson.
Sam Mckinney Ed McAllister.
A, B. Burnett L. w. Word.
State of Mississippi.
Lee County.
Personally appeared before the undersigned
authority, authorized by the laws of Mississippi.
to take acknowledgements. A. r.. Abbott, B. ].
Simmons and Henry Afford, of Tupelo. in said
County and State, who acknowledged that they
signed the above and foregoing charter Of The
Colored American Development Association. as
Given:under my hand and seal this the % day Of
November, 1911.
(SEAL G. M. Crane.
Notary Public.
State of Mississippi.
County of Monroe.
Personally appeared before the undersigned au-
thority, authorized by the laws of Mississippi, &c
take acknowledgements, Anthony Burnett, Louis
Ward and Ed McAlister, who acknowledged that
they signed the above and foregoing charter OF
The Colored American Development Association
as their act and deed.
Given under my hand. etc. this the END day Of
November, 1911. j. M. Higgason;
(SEAL) Notary Pupiic.
State of Mississippi,
Personally appeared before the undersigned au
thority. authorized by the laws of Mississippi to
take acknowledgements w. 3. jackson, who &C
knowled that he signed the above and foregoing
charter of The Colored American Development
Association as his act and deed.
Given undea my hand and seal. this the ZINC
day Of Ncyember, 1911. J.D. Springer:
(SEAL) Notary Pubic.
State of Mississippi.
Monroe County
authority, authorized by the laws OF
Mississippi to take acknowledgements, Sam Nc.
Kinney. who acknowledged the above and fHe-
going charter of The Colored American Dd~el-
opement Association as his act and deed.
Given under MY hand, ETC., this the q day OF
November, 1911. S.A. Dalton,
| SEAL Justice of the Peace and Ex-
Oficio Notary Public.