The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1870-04-14
AN ACT to incorporate the Meridian Gas
Light COMPANY


Section 1. Be it enacted by the Legisla-
ture OF the State of Mississippi, That J. Z q.
Smith, Charles Z. Rushing, Robert j. Nose
Iy, and J. Aaron Moore. and their success
sors, are hereby declared and constituted
body polite aud corporate, under the name
and style of the Meridian Gas Light { ON
pany and as such may sue and be sued,
plead and be impleded, and have and eXer-
else all the rights and privileges which are
usual to corporations within the scope and
design of its creation.
See. 2 Be il further enacted, That the
Meridian Gas Light Company be and is
hereby authorized to acquire and to hold
such real estate as may be necessary for its
own use, and to purchase and hold such 9TH
er real estate as the said company may wish,
not to exceed in value fifty thousand dollars,
and to sell and convey any portion or the
whole of same at pleasure.
Sec. g. Be il further enacted, That the
capital stock of said company shall be fixed
at thirty thousand dollars to be divided into
shares of one hundred dollars each; and the
Board of the President and Directors, here
matter mentioned shall cause certificates Of
stock to be issued 70 the stockholders, sign
ed by the President and countersigned by
the Secretary of the Company, which shall
be transferable only upon the terms and
conditions that may be imposed by the
Board of President and Directors. The cap
ital stock may be increased from time to
time at the option of the Board of President
and Directors to one hundred thousand dol
lars as addition to the gas works, or extern
sion of the pipes, may be necessary.
Sec. 4. Be il further enacted, That the Of
ficers of the said Company shall be managed
by Board composed of one President and
two Directors, who shall be elected by the
stockholders of the Company In the month
of July of each year, and shall Mold their
office for the term of one year from the date
of their election, and until their successors
are elected and enter upon the discharge Of
the duties of their office. The Board of
President and Directors as herein provided
for the management of said gas works, and
fix the terms and conditions on which gas
shall be supplied to his consumers.
Sec 5. Be it further enacted, That said
Gas Light Company, when organized by the
eOrporators herein mentioned, shall have
and exercise the sole and exclusive right
| to manufacture and furnish gas to consum-
| ers in the city of Meridian for a period OF
| twenty years Provided, that no more than
fair and just compensation shall be charg-
ed or demanded for same; and, provided
| further, that said gas company shall furnish
/ all the gas that may be required for use in
said city of Meridian.
Sec. 6. Be it further enacted, That any
person who shall wilfully injure or cause TO
be injured any Of the property belonging to
any of the corporation hereby created, OF
who shall open q communication into the
\ street gas pipes, or who shall let on gas af-
| ter the same has been stopped by an agent
| of the corporation, shall be subject to PEN
| atty of not less than one hundred dollars
nor more than one thousand dollars for each
and every such offense, recoverable before
I any Court Of Competent jurisdiction.
Sec. Z. Be it further enacted, That If the
said Gas Light Company does not perfeci
an organization, and 90 into operation with.
/ i'm two years from the date Of the approval
| of this act by the Governor, then this char
/ ter to be null and void. @8
Sec. 8. Be liz further enacted, That thii
act shall take effect and be In force from anC
after it's passage.
Approved March, 2sth 1870.