The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-08-08
The CHARTER OF INCORPORATION
or THE
Gulf of Mexico Land and
Improvement Company.

Be it known that on This the Twenty
Thirl day of July, A. d, 1890, John b
Lyon, John b. Carson, Addison Ballard
s.. L. Cross and William j. Watson, by
virtue of the provisions of Chapter Thirty.
Eight $3.50 OF the Revised Code of the
State of Mississippi and the acts amenda.
tory thereof, do hereby organize and
found a corporation for the objects and
purposes hereinafter enumerated and to
that end and purpose they do by these
presents with the approval of the Gov
ernOr of tho State of Mis- Sissippi, form
and constitute themselves and all snch
other persons as may hereafter become as
sociated with them, whether by purchase,
descent, subscription or otherwise, into II
body polite and corporate in law under
the following Articles of the Charter of
said Corporation. to-wit:
ARTICLE LIST. The name and style of
this Corporation shall be the GULF OF
MEXICO LAND AND IMPROVEMENT COMPA-
NY, and in that name sba | have perpetual
succession, and may by purchase or other
wise acquire, have, hold and enjoy such
real and personal property as may he re-
1uired for The pdrpOse for which tins or
ganization is formed and shall in addi-
lion possess all the rights and powers
which corporations under the general
laws of the State of Mississippi are au-
thOrized to exercise or possess.
ARTICLE 2HD. Tho domiciIe of this Cor
p0ratiOn shall be at Scranton, Jackson
County, Mississippi.
ARTICLE BIRD. The capital stock of this
Corporation is hereby fixed at One Million
Dollars, divided into 10000 shares of One
Hundred Dollars each. As soon as this
Charter shall be approved the sand John
Is. Lyon, John b. Carson, Addison Bal
lard, S, f.. Gross and William j. Watson
shall, at the office and domieilo of said
Corporation, open books of subscription
to the stock of said Onpany, and when
One Hundred and Twenty-Five Thousand
($l25,000) Dollars ofstock shall have been
subscribed a 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 bv ballot seven
Directors of said Corporation who shall
serve as such until the first Wednesday
of March, A. D., 1892.
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 aud
elsewhere in the counties lying on the
Gulf Coast of the State of Mississippi
and to sell such lands for profit and for
the enhancement OF the value of such
lands so acquired, and for the improve !
ment of the same; TO lay out and con-
struct roads; to build, owl and operate
hotel or hotels to erect hOu @, to plant, I
propagate aud cultivate oysters AID shell /
fish and fishes of all kinds in the waters
in font of such lands between
the channel and shore, and to WI
aud operate a cam ing factory or
factories for the packing OF oysters,
shrimp, fish aud vegetables TO erect,
own and operate saw mills, plaRing mills
and houses for drying lumber; to coudnct,
own and operate stores aud carry Oh NOR
business on said lands to build
such warehouses and piers on the front of
said lands as may be necessary or useful
IN carrying on their business to clear,
fence and cultivate such part of said lands
as the Directors may see proper; 10 build,
own and operate an leo factory or facto.
ries on said lands To own and operate
brick-yards, and to erect, W and oper-
ate such other improvements and mann
featuring establishments as the Board OF
may regard rs necessary, useful
or eXped ent in the development, enjoy
ment and improvement of the roal estate
acquired by said Corporation.
ARTICLE 5TH. The corporate powers of
this Corporation shall be vested in a
Board of Seven Directors, who shall be
elected by the stockholders within sixty
,60) days after the approval of this Char
ter, aud on the first Wednesday of March,
D., 1892, and annually thereafter on
the first Wednesday of March of each
year. Elections shall be by ballot and
each stakeholder shall he entitled TO one
-. III H.. 81 III I-l1 L.. LsA.
he cast by the owner, or by proxy.
The Board of Directors aG their first meet
.ng aud annually thereafter following
every election of stockholders shall or
by e%lecting a President, Vice-Pres-
dent, Secretary and Treasurer, provided
hat the Office of Treasurer and
may be held by the same per-
,On. Vacancies Occurring m the Board of
Directors may be filed by the stockhold-
RS at an election to be held for that pur- :
bose on four weeks notice, to be given by .
notice mailed by the Secretary t.
zach of the persons then holding stock as .
by the books OF tho Company. 4 ,
majority of said Board shall constitute a .
Quorum; said Board of Directors may !
Ipp int from time to time, also dismiss at l
heir pleasure, such officers, agents, clerks
" other employees as they may deem I
necessary for the business aud purposes :
Il said Corporation they may establish q
S well as alter aud amend all bylaws, I
and regulations necessary and prop s
r. for the business Of said Corporation. 4
ARTICLE GIN The Board of Directors $
say meet for the trans lctiOn of business a
ither at the dOmicile ~ in the City of u
on call Of the President, and may d
in the bylaws for the regular n
nd special meetings to be held in either o
f said places all transfers of the stock r
hall be on the books Of the Corporation. G
The Directors elected shall hold over c
ntil their SUCCESSORS are elected, and no b
TO elect Directors shall work a
Of this Charer, aud no mere b
liormality in the organization Of this
orpOration shall have tine effect of rem
this Charter null or of exposing o.
ny stockholdcr TO any liability beyond N
lch unpaid balance as there may b. due oil
IT stock ia said Company. G,
JOHN .. LYON. Il
JOHN b. CARSON,
ADDISON BALLARD,
\. +. GROSS, -