The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1891-11-20
CHARTER OF INCORPORATION
OCEAN SPRINGS B
COMPANY,
OF OCEAN SPRINGS, MISS.
ARTICLE |.

BE It known by this CHATTER of Ipcm.
poraflon, that Parker Earle. N. l., Ausl.r
j. +. Casey, +. 5. Earle, c. +. Earl, ~,
such others us may hereafter asso,ia,.
themselves with them, are hereby create,
a body corporate under Tie name NM
style of TIM OCEAN SPRINGS LuMnrr
COMPANY" and as such shall have nn,I
enjoy succession for the full term n
ninefy-nInc years, aud said corporat;e,
may nave - corporate seal o.: d alter or
break the same at pleasure, may contract
ami be contracted with. sue and be snr,l
acquire u sell zeal estate, improve, en-.
! eumbel or otherwise dispose of the same F.
may mare all necessary bylaws not in.
consistent with the laws Of this Starr
and shall have all such 9th, u,syhts.
powers, privileges aud immnnitie"" are
granted to corporations nmler the ,Jro.
visions OF Chapter Thirty-Eigbt of tin,
revised code of Eighteen Hundred and
Eighty, and the several acts amendatory
thereto.
ARTICLE III.
The purposes for which this corpora.
tion is created are hereby declared to be.
the manufacture and sale OF lumber
timber and other wood goods, aud such
other commodities us To the Board of
Directors may seem ~expedient, ut Ocean
Springs, Mississippi, and u: such other
point OF points ~ said State ny NAV by
the Board OF Directors hereafter be deter
mined upon, And to the end that these
purposes may be accomplished. said cor
poration shall have in addition the powers
above enumerated, the right to acquire,
lease, cucumber, sell and otherwise dis
DnSr nt n nj IN nga in fl,atY hn0ttayy y,,.b
water craft as may be needful for its
proper operation and management and
shall have The right TO establish snch
lumber Yards, or other depots and faeili-
ties tor the sale of lumber or other COM
molitics that il may manufacture, at such
point or points ~ may b, determined
upon by the Boarl of Directors. And
said corporation shall have the right 10
establish and corluct sucli stores or mer.
camille business as to its Dircctors may
seem advisable aud proper.
ARTICLE III.
Tie alta RS of said corporation shall no
managed by y Board of Five Directors,
to be chosen n nnnally by the t oakbolleis.
The officers of the sail CORPORAL ion shall.
he u President, Yice-Presidens, who shah
also he general manager, a Treasnf .Xapd
Secretary and such other ;ithcers M hay
be needfrl for the proper management of
its affairs, aud it shall he lawful to com
biGe any two or more OF said offices in the
same person. Said officers shall be elected
by the Directors.
ARTICLE Nv.
The domicile of said corporation Is
hereby fixed ut Ocean Springs, Mississippi
and its principal place of business shall
be there located.
ARTICLE v.
The capital stock of said corporation is
fixed at Fifteen Thousand Dollars
divided into One Hundred and
(150) shares of One Hundred Dollars
(SlU0) each, and Said corporation is
authorized to Nd business when
Ten Thousand Dollars $50, 000) in stock
shall hav been subscribed and paid, m
cash or its equivalent, and said corpora
ton is authorized Ia issue full paid stock
IN payment of any property which it NAV
desire 10 purchase IL the fnrtherance OF
its business. The capital stock of said
may be increased ut any time
20 any amount % to exceed One Hum
lrcd Thousand ($l00,000) said increase to
DO made only at a general meeting of
stockholders rallied Tor hat purpose, and
ipon the vote of two-thirds of all the
'tock outstanding ut tho lime 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
m his stock.
ARTICLE VII.
Parker Earle. NJ. l.. Ansley. NJ. z.
Insley, L. s. Earle and J. +. Casey shall
onstituto the first Board Of Direct
his corporation. aud shall bold 0flce'
nntil the LIST Monday of No,em ls9!.
r until their SUCCESSORS have been elected
on The LIST Monday of November, ls1'
nd annually thereafter the Stockholders
{ said corporation shall meet at Ocean
prings, Mississippi. and elect Directors
PARKER EARLE,
=. =. EARLE,
C. 4. EARLE.
NJ. l.. ANSLEY,
J. +. CASEY.
Ocean Springs. Miss Nov. 2, 1881.
There rs nothing in the foregoing char
n violative of tho Constitution or laws
I this State. I. NJ. MILLER.
Attorney-GeBeral.
Nov. IL. 1891. So-@