 Greer, who ran an auto parts business, co-signed the bank loan that provided twenty thousand dollars in start-up capital.She also lent the new company working space for a time in her building at 1820 Canton.The company charter was filed immediately with the Secretary of State's office, enabling them to meet again at 2 pm the next day at Greer's building for the “first meeting of the incorporators and stockholders and subscribers.”

At that point ten thousand dollars cash was advanced to the corporation and the three stockholders elected themselves directors for a year; they held a board of directors’ meeting called for an hour later at which they adopted by-laws, approved a stock form and made themselves the company's first officers.