On August 3rd, 1938, Mssrs. H.J.Wilson, D.A. Graves, and H.H Parker filed a record of charter to form the Copiah County Building & Development Co. in Hazlehurst, MS. Its stated purpose was to, among other things, " buy, own, lease, and operate lumber yards," "buy, sell, and exchange wares and goods," and to "buy, own, sell, and lease timber and timber lands."
On March 23, 1943, an amendment to the charter was filed, changing the name to Graves, Inc.
In addition to the $0.25, $0.50, and $1.00 tokens shown, a $0.05 token was also issued.