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!The Charter of Incorporation• »rMERCHANTS’ GROCERY COM'YWe, tl»# |wr*otilt;* hereinafter named. In order to fi»rm a onr|iorntlon for the Inin**#** herrlnnf-U-r aUUNl. under and pursuant t« the provisions of lt;ha,ter twenty-five (V,). of the Annotated ft* entitled ••C4^»orat^on•.•,and tne arts of the I.egbdatiir© amendatory thereof and supplemental thereto, do hereby «Ute as follow*:f. The name of the corporation Is Mrb-chant** Grtmrrv CoMrov.. !! • »nlt;l innln office of the corporation shall be In the city of Hrookhaven. Un-roln county. Mississippi.. V11* The purposes for which the corporation is lormed are:To buy and sell, or otherwise to d.-al or to trafhc In any and all *nrh article* of roinmer^ and merchandise as are usually hotiffht and sold by wholesale or retail grocery dealers In the or dinary course of trade.To buy and sell or others Ise to deal or to trafhc 7. ? kUids of goods, wares and merchandise farm and plantation supplies, or farm and country produce.To buy and sell, or otherw ise to deal or to trafhc Id all such |ro,**rty. whether real, per sonai or mixed, as may be deemed necessary to advance the Interests of the corporation.To acquire.own. least*, occupy, n«*e or Improveany lauds, build lugs or other proiwrty. and to construct buildings, and any other structures, necessary for the purposes and business of the co n»o ration.To l»uy and sell deal and trafhc In such commodities and objects of commerce as are usu-ally bought and sold In trade, and the sale of which Is not prohibited by law.The business or puriose of the company at present, and until otherwise determined as hereinafter slated. Is to carry on and do a w holesale grocery business, and Incidentally such oilier trade as may lie deemed of advantage and profit In connection therewith; but It mav. If deemed expedient and advisable at any time by the Itoard of directors, enlarge the sent*- of the business and convert It Into a general mer- I ehandhe ami wholesale establishment, or engage In any line for merchandise It may see projs?r: and It may locate and establish branch ofhees at any |Mlnt or point* In this Stale. If the board of directors so determine.'I he cor|Krat!on shall have and may exercise the powers granted to similar coriKirations by Chapter twenty-flve of the Annotated Code of Mississippi, entlttlod ••Cor|Hratlon*.M and the aoLs of the legislature amendatory thereof and supplemental thereto, which said laws are hereby made a part of this charter the same as herein * ***'' wrllt,,n 01,1 and IncorporatedWithout In any particular limiting any of the jmwcm of the cor|*oratlon granted by the laws aforesaid.lt Is hereby expressly declared and provided that the contra!Ion shall have iKwer to Issue bonds and other obligations In payment for property purchased or acquired by It. or for any other object In or about its business; to mortgage or pledge any l*onds or other obliga lions. or any property which may be required by It. to secure any l»onds or other obligations by it issued or Incurred; to make and iH-rform contract* of any kind am! description necessary In carrying on Its business, or for the purimse of attaining or furthering any of Its objects and interests, to do any and all other acts and things.and to exercise any and all other powers w hicha copartnership or natural i*orson could do and exercise.and which now or hereafter maybe authorized by law.IN'. The total authorized capital stock of the cor|»oration |s Thirty Thousand ffcio.ooo.iio) Dollars, divided into three hundred f:«0» shares of the par value of Due Hundred ($100.00) Dollars each. The amount of capital stock with which the corporation will commence business Is Twenty-five Thousand ($25,000.00) Dollars, which amount may be Increased to not exceeding the maximum amount named above, as shall Ik* de. ternilQM by the board of directors, which said U»anl also has power to diminish or decrease the capital stock should it be deetued advisable.V. The names and postoffioe addresses of the Incorporators are as fnlluw'*:F. II. Hartman. IS.T. Hcherck.Charles lleuck.Joseph Heuck. Abrams brothers ,a partnership composed of Samuel and Israel Abrams). M. L. Burton. Hyman Zwlru. .1. II. Willoughby. Tims. II. BerKius, Door go Bowsky, T. J. Neumann. B.C. Harvey. Joseph Cope. .1. T. Grant. W. M. Turu-lK)ugh. J. H. Salty. John McGrath, J. W. McGrath, M. D. Met,rath. Imuls Colin and Brothers ta partnersnlp composed of Louis Cohn, Kmll Cohn and David Cohn), all of the city of Hrookhaven. Lincoln county. Mississippi* Samuel y.wlni. of Bogue Chit to. In said county and State: \V. O. Peets end Son (a partnership com-|Ksed of W. O. Peets and Peets, of Peets-vllle. Mississippi, and K. II. Kasterllng, of Cold Springs. Lincoln County, Mississippi.\ I. The period for which this cor|Kratlon nmv cjiM and have succession Is fifty years.\ 11. The officers of the eorporation shall he a president, vice-president, secretary, treasurer and board of directors consisting or such num-beras the by-laws may provide. The board of directors may also select such other officers as the business of the corimratlon may require. The term of office, duties and salaries of each officer shall he fixed by the by-laws. The same |cr-son may hold two of said offices combined If deemed necessary.VIII. The first meeting of stockholders for organization under tills charter shall lie held at the office of Commercial Bank in the city of Hrookhaven. Lincoln county. Mississippi, on the 3rd day of February. A. f. into, or a* soon thereafter as |osslhle, and further notice of said meeting Is waived, the publication of this charter being accepted by the stockholders as notice of said meeting. But If for auv reason said meeting should not In- held at the time and place named, then It may he called in the manner provide I by Section 83d. of the Annotated Code.Witness our signatures this the Gth day of January, A, D. 11)02,
Newspaper Details
Brookhaven Leader
Brookhaven, Mississippi, US
Wed, Jan 08, 1902
Page 5
Full Page
Clipped by
Anonymous
USA 19 Nov 2021
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