The commonwealth. (Greenwood, Miss.) 1896-1923, 1912-02-09
THE CHARTER OF Incorporation
OF THE LOGGlNS IESUR-
ANCE AG ENCY.

are:
W. 7. Loggins, ~postoaice, Greenwood,
Mississippi.
Edward Loggins, ~postoHice, Green
wood, Mississippi.
J.. r. Forester, postoGice, Green wood,
Mississippi.
8. The domiciIo is at Greenwood,
Mississippi.
A. Amount Of capital stock one hun
dred Thousand dollars,
S.. The par value Of shares is n
hundred dollars each.
6. The period Of existence Ia fifty
years.
T. The purpose for which it is Great
ed la:
To operate and conduct a general in
snrance agency and to act az the gen
eral or special agent for any one, or
more, life, fire, accident, fidelity, live
stock, industrial or other insurance
company, or companies: in Mississippi,
for such OF said companies as are auth
business therein, and in the other states
OF the United States, for such q said
said companies an may be, or become,
authorized to do business in such
states; and generally to do any aud all
things properly pertaining Or incident
TO the business Of a general insurance
agency; and said corporation IL author
lied and empowered to acquire by pur-
chase, lease, or otherwise, real and per
sonal property, bonds, stocks and chns.
es In action, and to lease, cucumber,
sell or otherwise dispose Of the same
and to deal therein; and it shall have,
enjoy and exercise all Of the rights,
powers aud privileges incident to tho
purpose Of Its creation.
At any time after ton thousand dol
lars Of the capital stock has been sub
scribed, and not before, the said cor
porati0n may organize at a first meet
Ing TO be called for that purpose by a
notice In writing of the time and place
OF said meeting signed by one or more
Of the above named ~incOrporators and
mailed or delivered to each subscriber
at least five days prior to the time des-
ignated for said meeting, and may there.
after begin business when the said sum
Of ten Thousand dollars Is paid in to
said corporation.
BY q majority vote Of the stockhoId-
ers at any regular or special meeting
thereof. the corporation may adopt by
laws for the government OF said cor.
porstion, fixing the time and manner OF
holding and conducting meetings, both
regular and special, Of the stockholders
aud directors; determining the number
Of shares that shall entitlo a member to
vote upon all questions except the cleo
tiOn Of directors; the mode Of voting by
proxy; the course and extent Of the
business and operations OF said c0rpor.
alton within the limits prescribed by
this charter; prescribing the duties,
salaries, and scope Of authority of all
officers and directors, and the terms OF
Office Of such officers az are not provid.
ed for In this charter; and any aud all
other bylaws needful or proper for the
welfare or convenience OF said corpor-
alton, SO long AZ the same are not con-
trary TO law or violatiye Of the provis-
Ions Of this charter.
Said corporation shall have a board
OF directors consisting OF not less than
three, nor more than nine members, to
be determined from time to time by the
bylaws, who shall he stockholders OF
said corporation, and hold Office until
their successors are elected, with the
right OF removal from Office of any di.
rector vested in the stockholders az
provided by the bylaws, The manage
ment and control Of the business and
affairs OF said corporation shall be vest
ed In the said board Of directors who
may, subject only TO the laws Of Missis.
sippi and the bylaws of said corpora
tiou, exercise any and all of the
powers OF said corporation, and ex-
cept where otherwise provided by
Law or by the bylaws OF said
corporation, exercise the same az fally
and completely as might the stockhol-
ders OF said corporation.
The said board of directors shall an
nuaIly elect from the membership Of said
board, a president, and one or more
vice-presidents not exceeding four, and
shall also elect a secretary and a treas
urer, which two last named offices NAV
be held by the same person who may be
a vice~president or a member Ct the
board Of directors II the bylaws shall
30 provide, aud shall also elect such
other officers, agents and employees as
may be provided by the bylaws, or as
they may deem proper for the welfare
and successful administration OF the
affairs aud business Of said corporation,
but all of said officers, agents and en-
pioyees shall hold Office at the will OF
the board Of directors, with the right of
removal Of any such officer, agent or
employee vested In the stockholders to
be exercised as may be provided by the
bylaws.
8. The rights and powers that may
be exercised by this corporation are
those conferred by the provisions Of
Chapter "a, Mississippi Code, 1905, and
the laws of the state supplementary