The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-08-15
THE CHARTER OF INCORPORATE
OF THE
Gulf of Mexico Land 4,
Improvement Company,

Be it known that on th;s u. N
Thrill day Of July, A. d, IsSO' iITeNi|
Lyon, John b. Carson, Addison Io9a
>: II. Gross and William ], Data1
vlrtne OF tho provisions of Chant, Sn ny!
Eight l3s( OF the Revised CoJa iEtl
State of Mississippi and the ac,. VI
tory thereof, do hereby orrar i'n0nd
found u corporation for tbo 49, AZ
purposes hereinafter enumeratoJ) 'cs Al
that end and purpose they do ~ sa ~
presents with tho approval Of thss H Y.
erli0r OF the State Of Mis,iSSinn' Ho|
anu constitute themselves and n ~|
Other persons ns may hereafter hecon,%S
s"clated with them, whether by nurr%.
descent, subscription or otherwiss taa
body polite and corporate in law ~" "NS
the following Articles of the Cba,t aau1
said Corporation, tO-wit:
ARTICLE LIST. The name md .,r,.
this Corporation shall lie the G,SS
MEXICO LAND AND IMPRoyIMENT Cnv'
NY, aud in that name shall have uern"'a'
succession, and may by purchase or All"
wise acquire, have, hold and eniov o.,
real and personal property as NAV Ia :
! auired for the plrpOse for which tbY, n
ganizatiOn ~ formed and shall in ald
zion possess all the rights and povs
which corporations under the sens,
laws of the State of Mississippi srs nj
thOrized to exercise or possess.
ARTICLE 2ND. The d0micile of this "a
poratiOn shall be ut Scranton, jacks
County, Mississippi.
ARTICLE Bird. The capitai stock of n
Corporation is hereby iix~l at One MilGo
Dollars, divided into 10000 shares Of Oh
Hundred Dollars each. As soon ast
Charter shall be approved the sand job
Il. Lyon, John b. Carson, Addison IA
lard, 5. y. Gross aud William ]. Watn|
shall, vt the Office and domieile of sal
Corporation, open books of sulscripdo
to the stock of said tOmpany, and whs|
One Hundred and Twenty Five ThonSn|
($l25,OOO) Dollars ofstOrk shall have bee
subscribed u meeting of the Stockholder
shall be called, of Which meeting.al 4
said stockholders shall have personal nd
tice in writing, and ut which meeting nj
stockholders shall elect by ballot ssye|
Directors Of said Corporation who sha
serve az such until the first Wedneyds
of March, A. D., 1892.
ARTICLE 4TH. The objects and purpOs|
of this Corporation are hereby deClare|
to bc, to acquire, own, enjoy aLd ImprOv
lands situated on the Gulf Of Mexico and
elsewhere in the counties lying on NJ
Gulf Coast of the State Of MissiSippi
and to sell such lands for profit and Id
tho enhancement Of the value Of uel
lands 30 acquired, and for the impOvd
ment Of the same; to lay ont md cod
struct roads; TO build, W aud OpeHt|
hotel Or hotels to erect hou o.; tn plant
propagate and cultivate oysters and shr
fish aud fishes of all kinds in the Waler|
in hOut of such lands betwOc
the channel and shore, and to owl
aud operate d canning factory d
factories for the packing Of OysterI
shrimp, fish and vegetables; to erect
own and operate saw mills, planning mill
and houses for drying lumber; toconduc
own and operate stores and carry Oh nel
camille business on said lands TO bull
such ware houses and piers on the front
said lands rs may be necessary or usetII
In carrying on their b%uSinessj to cleaI
and cultivate such part Of said lsOd
as the Directors may see proper; 10 bull
own and operate an ice factory or TACT
ries On said lands ; to own and OPERA
briek-yardS, and to erect, W and oper|
ate such other improvements aud maui
establishments as the Board
may regard as necessary, usrlu|
Or exped ent In the development, ENJOY
mont and improvement of the real eSIa'|
acquired by said Corporation.
ARTICLE 5TH. The corporate powers
Corporation shall be vested 10
of Seven Directors, who shal.
elected by the stockholders within HAl
COY days after the approval Of TINS Una
Ter, aud on the first Wednesday OF Maicl
A. d.. 1892, and annually thereafter q
he first Wednesday Of March oil cue
rear. Elections shall 10 by ballot an|
zach stakeholder shall DO entitled tCouI
fOte for each share of stock held by nn|
he cast by the owner, or by proA
rhe Board of Directors aG their irst mtV'
ng and annually thereafter fOlloW'nI
very election of stockholders shall O|
by electing q President, Vice-Pr1
Secretary aud Treasurer, provldeI
hat the Office of Treasurer ah|
secretary may be held by the same III
on. Vacancies occurring III the boan
directors may be filed by the stockholu
rs vt an election to be held for that P1
on four weeks notice, to he glVon :
notice mailed by the Secretary
ach of the persons then holding STOCK
hown by the books OF the Company
majority OF said Board shall constitute
uOrum; said Board Of Directors mel
pp"int from time to time, also dlsm,S
heir pleasure, such officers, agents. eielA
r other employees rs they may Nv
ecessary for the business aud pnrpDs'
{ said Corporation ; they may estaSa1
5 well Us alter and amend all OSI
nles and regulations necessary ana wv
T for the business Of said CoTporat'on.
ARTICLE 9Th. The Board OF Dlrees4|
say meet for the transaction OF Dnsln'
ither at the dOmicile or IN the Wy
'hicagO, on call Of the President, anu \
in the bylaws for the Ies,ss
nd special meetings to 10 held 10 e.sS
{ sail places ; all transfers OF the ~ ~
hall be on the books OF the Copper nss
The Directors elected shall hoiu
ntil their -ces are eleeted' tY
lilnre 20 elect Directors shall WI.
,rfeiture Of this Charyer, ana ~ IN
liormality in the Organization ~ rsV
Io~rpOatiOn shall have the efieos ~
this Charter null or OF e1P
ny stakeholder TO any liability TS IA
ach unpaid balance rs there map
y stock IN said Company.
JOHN b. LYON,
JOHN b. CARSON
ADDISON BALLAkD'
4. L. GROSS, oo~
WuIIAM L KAIoON.