The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1891-01-02
CHARTER OF INCORPORATED
Ocean Springs Co. 0oeruy;,.
Company.

Be It known by this Charter Of H..
Porafion that II. Z. Russell, J. Ko,.uoM
+. n. Weed, j. d. Minor and 4 y y
sambean, together with such th.."A
may hereafter associate themssIvss ~
them and their assigns and suecs-s"hs
hereby created o body cerpora,.
the name and style THE OCEAN S,uu ~.
COOPERATIVE COMPANY, and az mel
shall have and erjoy perpetual snces.s ss.a
aud shall have and ENJOY and exereiss N.
power incident t. and granted to cornors
lions under and by virtue of Chaos
Thirty-Eigbt of the Revised Code a I isso
and the several acts amendatory tbs,s,s
SECTION 2. The purposes Tor MY.
this Corporation is created are bersh, \.
claretl to he, to acquire by purchase I l.,
Of ground and to erect n bnil1in, ~
buildings thereon for rent or sale IN ~.
Town Of Ocean Springs, in the Conntv ~
jackson, State of Mississippi |; and H.
sale, leasing, renting or other use or i;s'
position Of said bRilding or hpr0ins,
And this Corporation shall have. hn;ov
and exercise NIL powers necessary foTF Il.
proper management and pursuit Of ths
aims and objects for which It is orran;,sS
SIC. 3. The capital stock Of thin a..
pOrati0n " hereby fixed 1T Eighteen linn.
died Dollars Isl, sOO.OO), divided into
shares Of Twenty Five (S25 .OO) each
SEC. 4. Said stock shall be payable bv
the Subscribers thereto rs follows, town:
TbiTty-three and one-third (33&) Der
cent. in cash, rs o o rs all the shares Of
stock shall have been subscribed, and tbr
balance in two (2) equal payments Of
Thirty and Sixty Days thereafter; proyi.
ded, however, that II any stockholder 20
desires, be may pay tho whole Of his stek
In cash upon Subscribing thereto.
SIC. s. This Corporation is authorized
to begin operations and commence busi.
ness when the capital stock Of Eighteen
Hundred Dollsu $500. 00) shall have
been subscribed sbd one-thin Of the
amount IN cash paid thereon.
SIC. Il The OGicen Of said Corporation
shall consist Of u President, Three VICE.
Presidents. Secretary and Treasurer, aud
q Board of not less than Ten (l0j nor
more than Fifteen (15) Directors, TO b.
chosen from amongst stockholders Of said
Corporation.
SEC. Z. Immediately npon the organi-
cation of this Corporation the stockholm
cTs tnereOl SNAIL meet IN II Town OF
Ocean Springs and elect not less than Ten
(1O) nor o than Fiftecn (15) DIRECTORY
who shall serve for u year from the date
Of their election, OF until their Successors
are qualified; and tho said Directors
shall. immediately sfter tho election by
the stockholders as Aforesaid, meet and
elect from their number q Presidenfisaiss
Vice .PresideDtA, Secretary and Trs ~Ser.
and annually thereafter the Directors
who may be elected shall meet IN said
Town and elect officers as aforesaid.
SEC. =. Nostockholder Of this Corpora.
ton shall be held o. made liable for tho
corporate debts in any amount greater
than the unpaid Lalance due by ssid
for stock owned and he'll by
him.
SIC. Q. The domicile of said Corpora
lion is hereby fixed in the Town Of Ocean
County Of Jackson, State Of ht-
and it's place Of business shall bs
here located.
II. +. RUSSELL,
JOS. KOTZUM,
j. ID. MINOR,
+. M. WEED,
A. v. ROSAMBEAU.
Ocean Springs, Dec. IL, 1890, 42+t