CHARTER OF INCORPORATION OF LOYSTON ACADEMY
From "To Loy's Crossroads" published by the Union County Historical Society. -WGT
STATE OF TENNESSEE
UNION COUNTY
Charter of Corporation:
Be it known that JAMES MITCHELL, JOHN STOOKSBURY, JACOB STOOKSBURY, ISAAC BAKER, and JOHN W. TURNER, are hereby constituted a body politic and corporate the name and style of LOY'S CROSS ROADS according an institution of learning the support of public worship the building of churches and chapels and the maintainance of all missionary undertakings and the general powers of said corporation shall be to serve and be served by the corporate manner to have and use a common need which it may offer at pleasure; if no common seal the signatures of the corporation by and duly authorized officers shall be legal and binding to purchase and hold or receive by gift bequeath or devise in addi~ion to the personal property owned by the corporation, real estate necessary for the transaction of the corporate business and also to purchase or accept any real estate in payment or in part payment of any debt due to the corporation and sell the same to establish by laws and make all rules and regulations not inconsistant with the laws and constitution deemed expedient for the management of corporate affairs and to appoint such subordinate officers and agents in addition to a president and secretary or treasurer as the business may require designating the office and fix the compensation of the offices. The said five or more corporators shall within a convenient time after the registration of the charter in the office of the Secretary of State elect from their number a president, secretary and treasurer or the last two offices may be combined into one, said office and the other corporators constitute the first Board of Directors.
We the undersigned apply to the State of Tennessee by virtue of the laws of the land for a Charter of Incorporation for the purpose and with the powers, etc., declared in the foregoing instrument.
Witness our hands this 17th day of April 1881.
ATTEST:
J. N. JOHNSON
McHENRY SHARP
Signed:
JAMES MITCHELL
JOHN STOOKSBURY
JACOB STOOKSBURY
ISAAC BAKER
JOHN W. TURNER
For more information on this article or any article or publication of the Union County Historical Society please write them at:
Union County Historical Society
P.O. Box 95
Maynardville, TN 37807
Or
E-mail the Union County Historical
Society.
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