The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-12-19
CHARTER OF INCORPORATION
or THE
Ocean Springs Co. ODeruiipe
Company.

Be it known by this Charter of Incor-
pOration that II. +. Russell, j. Kotzum,
F. NJ. Weed, J. ID. Minor and A. V. RO.
sunbeam, together with such others rs
may hereafter associate themselves with
them and their assigns and SUCCESSORS, are
hereby created n body corporate under
the name and style The OCEAN SPRINGS
COOPERATIVE COMPANY, and MS such
shall have and eljoy perpetual succession,
and shall ha fe and ENJOY aud exercise the
power incident to and granted to CORPORA =
tious under aud by virtue Of Chapter
Thirty-Eight of the Revised Code of 1880,
and the several acts ~amendatOGy thereto.
SECTION ,. The purposes for which
this Corporation is created are hereby de-
ella ed to he, to acquire by purchase a lot
of ground and to erect u huilding or
buildings thereon for rent or sale in the
Town of Ocean Springs, in the County of
Jackson, State of Mississippi and the
sale, leasing, renting or other use or dis.
position of said building OF buildings,
And this Corporation shall have and enjoy
and exercise all powers necessary for the
proper management and pursuit OF the
aims and objects for which it is organized.
SEC. 2. The capital stock of this Cor
pOration rs hereby fixed ut Eighteen Hun
died Dollars Isl 500. 00l. divided into
slldlFE VI NfIlN r W. lT-'l. W. tlfn.
SiC. 4. Said stock shall be plvnble by
the subscribers thereto as follows. t0-wIt:
Tlirty-thrce II oue-third (33t) per
cent. cash, rs soon as al tla shares IF
stock shall have been subscribed, ana the
balance in two t2) equal PAY ments of
Thirty and Sixty Days thereafter; provi-
ded, however, that il any stakeholder so
desires, he may pay the whole of his stock
in cash upon subscribing thereto.
SEC. 5. This Corporation il authorized
to begin operations and bust
ness when the capital stock of Eighteen
Hundred Dollars (Sl 500 O0) shall have
been subscribed and One-third OF the
amount in cash paid thereon.
SEC, q The officers of said Corporation
shall consist of u President. Three Vice.
Presidents. Secretary and Treasurer, and
a Board of not less than Ten (l0) nor
more than Fifteen 15) Directors, to be
chosen from amongst stockholders of said
Cooperation.
SEC. Z. Immediately upon the organi-
zation of this Corporation the stockholu-
crs thereof shall meet in the Town of
Ocean Springs and elect not less than leu
ClO) nor more than Fifteen (I5) Directors,
who shall serve for one year from the date
their election, or until their successors
qualified and the said Directors
shall, immediately after tho election by
stockholders as aforesaid meet and
elect from their number a President Three
Vice Presidents, Secretary and Treasurer.
and annually thereafter tho Directors
" no may be elected shall meet IN said
and elect officers as afOresai6.
SEC, >. Nostock holder Of this Corpora
ION shall be held o" made liable for the
corporate debts in any amount greater
han the unpaid LHlnnce duo by said
..tockholdcr Tor stock owned aud hell by
rim.
SIC. O. The domicile Of said Corpora
ion IL he rcby fixed in the Town of Ocean
County of Jackson, State OF Mis-
issipp and its place of business shall be :
hero located. :
II. +. RUSSELL, ,
JOS. KOTZUN, .
J. ID. MINOR, =
+. NJ. WEED.
A V. ROSAMBEAU.
Ocean Springs, Dec. IL, 1890. 42-it