The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1888-06-01
Phoenix Ship Yard,
Marine Ways and WhaTVGS.

hhON IL iuCu ny BANoCh 20 AA'tN
Peter Blanchard, William Blanchard aud
NJ. Blanchard, and all persons as may
hereafter become associated with them
aud their successors, be aud are hereby
made a body corporate under the name of
PHOENIX SHIP YARD, MARINE WAYS n
WHARvEs, with all the powers, privileges
and immuuities conferred by chapter 30,
Code 1850, and the amendments thereto,
and such corporation is hereby granted
perpetual succession.
The purposes for which this corporation
IS created are set forth under the articles
aud stipulation following, to-wit'
ARTICLE THE domicile of the cor
poration shall be at Scranton, Jackson
county, Mississippi, and shall have power
to contract, sue and be sued, purchase and
hold real and personal property, that in
the opinion of the president shall be nee
essary, or convenient for tho business and
purposes of said corporation to sell, con-
Vey, mortgage by deed of trust, or
mortgage, or ether form of conveyance,
such property purchased and acquired
by said corporation, and appoint or
elect such officers, or agents as may
be requisite Tor the business of the
corporatin, to make and establish as
we'll as alter, amend.Or repeal at pleasure
such bylaws, rules and regulations for
the proper management aud condu OF
the affairs of said corporation, as may be
necessary, and to do all other things with
in or without the State of Mississippi,
which may be necessary and convenient
to do in furtherauce of any Of the powers
of said corporation.
ARTICLE H.-That the general pnr-
poses of said corporation and the
nature of the business, which it pro-
loses to do is to own, erect ana
operate marine ways, machine shops,
blacksmith shops, and ship yards
for the repair or construction of ships and
other water crafts and also to own and
| operate Jaw mills or planning mills, steam
boats, barges aud other conyeyances; TO
buy aud sell logs, lumber, timber and tue,
like, and to charge and receive such roy
alties, fees, and other compensation for
its laber and services and materials, and
for the use of its wharves as may be
agreed upon between this corporation
and its patrons. Also in connection with
its said ways and ship yards to erect and
maintain wharves and piers for the use of
which reasonable wharfage or moorage
will be collected. The said buildings,
improvements and constructions to be
erected upon the lands of said corpora
ton, or other lands that it may rent or
lease, on the banks of the Pascagoula
River, in Jackson county, Mississippi, and
to extend into tho waters thereof, in front
of said land to such distance as will be
necessary to properly build said wharves,
piers and marine ways, and to conduct its
general business. But not to Interfere
with the navigation of said River.
ARTICLE m.-Ihe Capital stock of
the corporation is hereby fixed at the sum
of Ten Thousand $4,000. O0) Dollars, and
divided In shares Of Ten Dollars each, and
the amount of said capital stock may be
increased as by law provided, and made
PAYABLE in such manner as may be de-
termined by the cOrporators heI elm named,
at their first meeting, to be held within
twenty days after the approval of this
charter. The stock will be evidenced by
Certificates which shall be transferable
on the books Of the Company, and until
such transfer on the books no transfer
shall be binding on the Corporation.
ARTICLE IV.-The corporate power
of this Corporation shall be vested in the
President, who shall also be Treasurer,
aud who shall be elected by the stock
holders within thirty days after tbs APP
Droval Of this charter, and annually there
/ after, and remain in Office till his success
or is elected aud entered upOn the duties
of his Office, which election shall be held
at its dsmieile, after giving five daSs no
t1ce, Dy puDucallonf ~ q newspaper OF
posting up notices in three public places
Ia said county. OF by two days personal
notise 70 the stockholders Elections
shall be by ballot, and each shareshall be
entitled to one vote by the owner thereof
Al such election the stockholders shall fix
salary Of officers and agents, etc. The
stockholders shall have power to convene
and I'll a vacancy al any time occurring In
the once Of President, by election, upon
any stakeholder giving the notice that is
required At the regular election. A ma
jority Of the stock shall be represented at
each election and meeting aud constitute
3 quorum. The President shall have pow
er 10 call the Stockholders together &C
any time, upon giving such notice as is
required fer elections and the stockhold-
ers at sueh meeting shall have power 20
pass such bylaws and other ordeu 81
mas be uscsasary for the puoper manage
ns1t Of this C~orPcration.