The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-12-12

THE CHARTER or INCORPORATION
W. DENNY & co.

BE II known that on the Bril- day of Do.
ccmbcr, ls9O, w. Denny, A. s Denny. A.
/. Denny aud Mrs A. NJ. MeIpnis. of
Moss Point, Jackson county. Missis ippi
ahd sneh other persons as may hereafter
become associated with them, their mr.
signs Or successors, are hereby constituted
Il body corporate and polite under the
name and style If w. DENNY g. Co, and
by that name may sue and be- sued. con-
tract ana be contracted with, plead aud
De implicated IN any court of competent
Jurisdiction, and may make and use a
corporate seal aud break and altar or rn-
new the same at pleasure.
ARTICLE I.
The purposes and object of said curpo-
ration are declared to be. to manufacture
and deal in lumber, shingles and all
oihe" articles or things which may be
deemed profitable to he manufactured or
dealt in, also to contract for logs and
timber of all kinds, may ACQUIRE bv pnr-
chase or otherwise AID have and hold real
or personal property. May acquire, hold
ana W by entry or purchase such lunds
rs may he necessary to furnish n supply
OF timber for manutactnr into lumber or
other wood products. May acquire. own
aud operate Planirg Mills, Saw Mills,
Vessels, Tugboats. Barges and other
water craft to build and operate Rail
Roads and Pole Roads IN the manage.
ment and conduct of the business for
which this company in created.
lhe corporation may establish and
maintain Il general trade in any and all
Kinds OF goods, wales and merchandise or
products, and that said corporation may
purchase, hold or sell such real estate or
personal property as may be deemed use
fnl and proper in the prosecution of it's
business, and may mortgage or otherwise
hNPothlcate its property and effects to
raise money, and shall possess all the
rights and powers which corporations IN
der the general laws of the State are au-
thOrlzed to exercise and possess.
ARTICLE II.
The dOmicile of this corporation shall
be at Moss Point, Jackson county, Missis-
Slppi, but 1t may establish one or more
ageucies OF branches in this State.
ARTICLE III.
The capital stock OF said corporation
shall be One Hundred Thousand Dollars,
divided into shares OF one hui dred dol.
lars each ; said capital stock may be in.
crea, ed by a vote of % majority of stock
o." A'B "ihiOuhAg W w tNCctNI
five hundred Thousand dollars, for which
proper certificate shall be issued.
The time and manner of payment for
issuance of stock shall be such as may be
determined by the cOrpOrdtors herein
named at their first meeting. to be held
within twenty days after the approval of
this charter, said stock TO be transferable
only on the books of the company.
Each share of said STOCK shall entitle
the owner TO II vote in person or by
proxy III writing Mt all meetings of the
stockholders, I'M Ter such rules aud renu-
lations as the stockholders may adopt.
ARTICLE ".
Sand corporation at Its first meeting
ofter the allotment of and subscription
stock, shall organize by the election
Of II President, Vice-President, Secretary
and Treasurer, and said shareholders NAV
hold II or more of said offices. lhe
stockholders are authorized at any meet
ing, should they deem it, necessary, to
elect Il board of directors for said cOrpo.
The stockholders of II majority of
capital stock shall have nuwcr to
all such bylaws, rules and rrgula-
lions as may be deemed necessary, and
alter or amend the same at pleasure.
ARTICLE V.
The corporate power of said corporation
shall he vested in the President, who, to-
with the Vice-Pres:dcnt, Secretary
and Treasurer, shall be elected by the
stockholders within twenty days after the
approval of this charter, and on the first
of January of each year after
1891. The stockholders shall power to fill
al vacancies at any time occurring in the
office of any officer by election, IL Il should
he office of President become vacant the
Vice-President shall perform all the duties
nd exercise all the lowers aud privileges
If President, until an election bo held to
said vacancy. A mreIing of the
tOckholders may be held at amy time on
being given to each shareholder,
When their place of residence il known or
" public notice. A majority Of til. stock
hall be represented at each meeting and
hall constitute Il quorum.
W. DENNY,
A. :. DENNY.
A. p. DENNY,
A. NJ. MCINNIS.