The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-08-01
.S1GC advertisement Is.
THE CHARTER OF INCORPORATION
Or THE
Gulf of Mexico Land and
Improvement Company.
8esC .4dUerEiSe1ssesst Is.

Be it known that on this the Twenty
Thrill day of July, A. d, 1890, john b
Lyon, John b.. Carson, Addison Ballard
S. L. Gross and William j. Watson, by
virtue of the provisions of Chapter Thirty.
Eight 1883 of the Revised Code of the
State of Mississippi aud the acts amenda-
tory thereof, do hereby organize and
found a corporation for the objects and
purposes hereinafter enumerated and to
that end and purpose they do by these
presents with the approval of the Gov
ernor of the State of Mississippi, form
and constitute themselves and all such
other persons as may hereafter become as
sociated with them, whether by purchase,
descent, subscription or otherwise, into II
body polite and corporate in law under
the following Articles of the Charter of
said Corporation, tO-wit:
ARTICLE LIST. The name and style of
this Corporation shall be the GUILE OF
MEXICO LAND AND IMPROVEMENT CoMPA-
NY, and in that name sba have perpetual
succession, and may by purchase or other
wise acquire, have, hold and enjoy such
real and personal property as may he re-
CURED Tor the pdrp0se for which tins or
ganization is formed and shall in addi-
zion possess all the rights and powers
which corporations under the general
laws of the State of Mississippi are au-
th0rized to exercise or possess.
ARTICLE 2ND. The domicile of this Cor
poration shall be at Scranton, Jackson
County, Mississippi.
ARTICLE BIRD. The capita! stock of this
Corporation is hereby fixed at One Million
Dollars, divided into 10000 shares of One
Hundred Dollars each. As soon as this
Charter shall be approved the sand John
Il. Lyon, John b. Carson, Addison Bal
lard, S. f. Gross and William j. Watson
shall, at the Office and domieile of said
Corporation, open books of subscription
to the stock of said ompany, and when
One Hundred and Twenty-Five Thousand
(Sl25,000) Dollars of stock shall have been
subscribed n meeting of the stockholders
shall be called, of which meeting all OF
said stockholders shall have personal no.
tice in writing, and at which meeting the
stockholders Shall elect by ballot seven
Directors of said Corporation who shall
serve as such until the first Wednesday |
of March, A. D., 1899.
ARTICLE 4Th. The objects and purposes
of this Corporation are hereby declared
to be, TO acquire, own enjoy ard improve
lands situated on the Gulf of Mexico and
in the conDties lying on the
Gulf Coast of the State of Mississippi
dlIu w oOi NV hIAA W.. I'lOiiB : III " /
the enhancement OF the value of such
lands so acquired, and for the improve
ment of the same; to lay ont and con-
struct roads; TO build, owl and operate
hotel or hotels to erect hOu e>; to plant,
propagate and cultivate oysters aid she'll
and fishes of all kinds in tha waters
in font of such lands between
the channel and shore, and to own
aud operate u canning factory or
for the packing of oysters,
fish and vegetables to erect,
own and operate saw mills, planning mills
and houses for drying lumber; to conduct,
own and operate stores aud carry Oh mer-
camille business on said lands to build
warehouses and piers on the front of
said lands as may be necessary or useful
n carrying on their business to clear,
and cultivate such part of said lands
rs the Directors may see proper TO build,
Iwn and operate an ice factory or factO-
on said lands to own and operate
)rick-yards, and to erect, own aud oper-
lite such other improvements and manu-
acturing establishments as the Board of
may regard as necessary, useful
II e%Xpedient in the development, enjoy
nent and improvement of the real estate
cquired by said Corporation.
ARTICLE 5TH. The corporate powers of I
wi DOidlIOu budlt D6 NtSIcu III u
of Seven Directors, who shall be Z
lected by the stockholders within sixty i
COY days after the approval of this Char
er, and oil the first Wednesday of March,
!. D., 1892, and annually thereafter on .
he first Wednesday of March of each =
ear. Elections shall be by ballot and l
ach stakeholder shall I've entitled to one
Ote for each share of stock held by him,
, be cast by the owner, or by proxy. :
he Board of Directors az their first meet
y and annually thereafter following !
very election of stockholders shall or
anize by electing a President, Vice-Pres-
lent, Secretary aud Treasurer, provided :
lat the Office of Treasurer and
scretary may be held by the same per- :
N. Vacancies occurring IN the Board of
ireetors may be filed by the stockliold-
S at an election TO be held for that pur-
'se on four weeks notice, TO be given by
notice mailed by the Secretary 10 n,
oh of the persons then holding stock as @.
own by the books OF the Company. A %
of said Board shall constitute
Drum said Board of Directors may
point from time 10 time, also dismiss at
cir pleasure, such officers, agents, clerks -
other employees rs they may deem
for the business and purposes
said Corporation; they may establish
well as alter aud amend all bylaws,
les and regulations necessary and pnp-
for the business of said Corporation.
ARTICLE 6TH. The Board Of Directors 3
" meet for the transaction of business
at the domicile or in the City of VIII
icago, on call Of the President, and may hu.
in the bylaws for the regular Ev
J special meetings to be held in either
said places all transfers Of the stock !
II be on the books Of the Corporation. }
The Directors elected shall hold over -
their Successors are elected, and no @
lure to elect Directors shall work a =
If this Charser, and no mere
Drmality in the organization Of this il.
.pOration shall have the effect Of rem !
this Charter null or Of exposing mel
stockholder TO any liability beyond NIL
B unpaid balance as there may b. cue lrv|
stock IN said Company. PEI
JOHN 3. LYON.
JOHN d. CARSON.
ADDISON BALLARD,
a y. GROSS. j