The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1891-11-13
CHARTER OF INCORPORATION
OCEAN SPRINGS LUMBER
COMPANY,
OF OCEAN SPRINGS, MISS.
ARTICLE I.

Be it known by this Charter of Incor
poration, that Parker Earle, NJ. l.. Ansley
j. +. Casey, +. s. Earle, G. Il. Earle and
such others rs may hereafter associate
themselves with them, are hereby created
Il body corporate under the name and
style of "THE OCEAN SPRINGS LUMBER
COMPANY" and as such shall have and
enjoy succession for tho fall term Of
nincty-nine years, aud said corporation
may have IA corporate seal a Il alter or
break the same ut pleaseyc, may contract
and be contracted with, sue and be s,cd,
acquire and sell real estate, improve, an
cnnlbel or otherwise dispose of the same F.:
may make all necessary bylaws not in.
consistent with the laws of this Stare,
and shall have all such other rights,
powers, privileges and immunities as are
granted to corporations under the pro-
visions of Chapter Thirty-Eight of the
revised code Of Eighteen Hundred and
Eighty, and the several acts a%mendatory
thereto.
ARTICLE II.
The purpose for which this corpora-
ton is created are hereby declared TO be.
the manufacture and sale OF lumber.
timber and other wood goods, and such
other commodities as to the Board of
Directors may seem eXpedient, at Ocean
Springs, Mississippi, aud ~ such other
point oil points IN said State as may by
the Board OF Directors hereafter be deter
mined upon. And to the eud that these
purposes may be accomplished, said cor
poration shall nave in addition the powers
above enumerated, the right to acquire,
lease, cucumber, sell and otherwise dis
pose of, AID 10 use in their business, such
water craft as may be needful for it's
proper operation and management and
shall have the right to establish snch
lumber yards, or other depots aud flcili-
ties tor the sale of lumber or other COM
moditles that 1t may manufacture, at such
point or points as ma bs determined
upon by the Board of Directors. And
said corporation shall have the right to
establish and conduct such stores or mer.
camille business as to its Directors may
seem advisable and proper.
ARTICLE III.
Tie alta RS of said corporation shall be
managed by a Board of Five Directors. |
to be chosen annually by the stockholders. !
The officers of the said corporation shall
lie n President, Vice-President, who shall
also be general manager, a Treasurer aud
and such other athcers as NAV
be needfrl for the proper management of
its affairs, and it shall be lawful to con.
biBe any two or more of said offices in the
same person. Said officers shall be elected
by the Directors.
ARTICLE ".
The domicile of said corporation is
fixed at Ocean Springs, Mississippi,
and its principal place of business shall
be there located.
ARTICLE v.
The capital stock of said corporation is
hereby fixed at Fifteen Thousand Dollars
lsl5,O0Ol, divided into One Hundred and
Fifty (l5O) shares of One Hundred Dollars
(slOO) each, and said corporation is
authorized to business when
Ten Thousand Dollars (s10, 000) in stock
shall have been subscribed and paid. in
cash or its equivalent, aud said corpora
ion is authorized to issue full paid stock
IN payment of any property which it may
desire TO purchase iE the fnrtherance of
It's business. The capital stock of said
corporation may be increased at any time
70 any amount not to exceed Ono Hum
ired Thousand (sl00, 000) said increase to
be made only at a general meeting of
stockholders called tor that purpose, and
the vote of t~wo-thirds of all the
took outstanding at the time of said
Meeting.
ARTICLE vi.
The stockholders shall not be liable for
he debts of said corporation in excess of
my unpaid balance due by any subscriber !
IN his stock.
ARTICLE VII.
Parker Earle. NJ. l.. Ansley. NJ. T.. /
L. :. Earle and J. L. Casey shall 4,
the first Board OF Directors of :
his corporation, aud shall hold Office
the LIST Monday of November, 1892, +
r until their successors rave been elected, [
nd on the LIST Monday Of November, 1892, !
nd annually thereafter the stockholders 4
{ said corporation shall meet at Ocean
prings, Mississippi. and elect Directors. a
PARKER EARLE,
+. 5. EARLE,
c.. I. EARLE, =
NJ. l.. ANSLEY, Z
j. =. CASEY.
Ocean Springs, Miss Nov. 3, 1891.
There Is nothing in the foregoing char
IT violative of the Constitution or laws
{ this State. T. NJ. MILLER,