The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-05-05
CHARTER OF INCORPORATION
pascagoula Boom COMPANY.
ARTICLE I.

ARTICLE I.
This act Of corporation Is formed for
the purpose of engaging in and carrying
on The business OF running, driving,
booming and rafting logs, timber. lumber
and other tlOatables or aud along the
Pascagoula river and it's tributaries. and
also on and over lakes and waters az may
be int"rsected by said river aud its tri6-
utaries.
ARTICLE II.
The following named persons, with such
Others as may hereafter become as,oei.
ated with them, shall form this corpora.
ton, tO-wit: j. A. Kennedy, Ben Stevens.
H.. NJ McCallum, Peter Mckenzie, A. ID.
Draughan, A. G. Brown, ID. }. Carter.
Albert II. McSwain, J. p. Carter, M. L.
Ward, j. I. Grant, A. G. Smith, JnO. II.
Caver, j.. A. Avera, John Mcintosh, X,
kitrell, Geo. \. Leatherbnry, Jr, Henry
Brannan, c. H. Wood, J. l.. Danizler, A.
3. Denny, j. w. Griffin. Geo. W. Robin.
son, Will Farnsworth, Henry Gautier, E..
Bloomfield.
ARTICLE Ill.
The name of said corporation shall 10
known us the PascagonlM Boom Company
ARTICLE Nv.
The domicile of said corporation shall
10 at Moss Point, Jackson county, Mis-
slsslppi, and this charter to be for a term
Of fifty COY years, unless sooner dissolv.
ell by u twO-thiids vote Of the stock
holders OF said corporation.
ARTICLE V.
The capital stock Of said corporation
shalt be twenty-five thousand ($25, OOO, COY
dollars with tho privilege Of increasing
the same t. me hundred thousand )x1OO'e,
OW.OO) dollars, To be divided into shares
of iitty ($5O.OO) dollars each. Ne one
stock holder shall he permitted to W
more than forty (4O) per cent [ the CAPT.
tai stock. %
ARTICLE vi.
When fifteen thousand ($l5, OOO.OO) dol
lars of the capital stock has beer, subj
scribed, and twenty-five per cert of tho
su description paid in, said corporation
may begin business. The balance of said
snbscripii.n to the capital stock shall bc\
paid in at the call Of tho directors Of said
corporation.
AWHILE WI.
The officers ct sal0 corporation shall be
y president, u first and second vice. prcsl.
dent, secretary and Treasurer, h be
elected BY and from the board of directors.
The Office OF secretary aud treasurer may
DC reid by the same person. There shall
be a board of thirteen (13) directors t. bo
elected at the stock holders first meeting
nfter tho approval Of this charter, and
Y lO shall hold Office Until the second
Wednesday If August, 1894. Their sue
cessors shall be elected at tho annual
meeting of the stock holders by u maiori-
IS of the votes of the stock holders pres
ent. The boal'! of directors shall have
full control of the business and manage
ment of the affairs OF the com, any, sub
tsct to the restriction Ct this charter and
bylaws OF the corporatiO' A najurity
OF the capital stock shall COZ stitute "a
qdOrum for the transaction of basiuess
at any regular or call meeting CT the
stock holders aud every stock hCIder shall
be entitled to one (1) vote for each share
OF stock owned Ivy him, and one stock
holder can vote by brow for another, il
authorized in writing. Eve (5l directors
shall constitute u quOrnm iUr The trans
action Of business, aud Gu all qcestiOns a
majority vote shall prevail.
ARTICLE Viii.
Said corporation may own steam boats.
pile drivers, barges, booms aud such 9th
or personal property and real estate as
may be necessary for carrying on and
conducting the business Of SAID corpor-
alton, provided the maximum value of
such property SO held or owned shall he
one hundred Thousand ($1OO, OOO. COY dol
lars. 1t shall have power TO buy, lease
or rent OF sell snch real estate and
personal property US may be necessary for
The carrying on Of the business of said
corporation. 1t shall Lave power, and the
right in any Of the streams mentioned in
these articles Of incorporation to son.
struct and maintain all necessary Looms
for the business Of said company, pro.
vk!ed that 10 permanent boOms or piling
shall extend across any stream that Is
naviGable and no blooms or piling shall be
constructed So as to impair The %nav:gabil-
iity OF any stream, bay, inlet or hur6Or or
lake, and that NO boOms or structures
shall be placed in any harbor on the Gulf
or In any Davignble waters not wholly
within this State. This corporation shall
have power to make an necessary con-
tracts for the driving. lQQming. raftina
and running Of logs, timber. Iimler MN
other f~ioatahl"s ard to TX uniform rasSs
for the u ming, rafting, pennipS and IT,
livery Of such logs, timber. jnmhsr o"J
other h~oatables. 1t shall not Lava M
power to buy any logs or timber e~conx
what may be necessary for hDo.,in~ SrS
piling. "'s MI
Said c~orpornAiou may sue and be 49,,
in any OF the courts OF this State by =.
corporate name. Service of process to Tesl
OIL the president or secretary, undin case
they cannot be found at the drmicile Of
said company, then service may he had
on any n of the directors of said cOm.
pany. They may own q cOrpo rate seal
ind all deeds, transfers, contracts md
writings must 1e signed by the president
or acting president, aud the SECT etary or
acting secretary Of the company, or by
some duly authorized agent IN writing
under the signature of the president aud
secretary and seal of said company,
At the annual meeting Of the stock
holders Of said company for the electio II
OF directors, or at such other tunes a.
may be designated by said stock holders
In their rules and bylaws, the stock hold
ers may alter or amend their rules aud
bylaws BY . majority vote Of the stock
represented Vt such meeting. z
May s, 1898. N'~s Hat
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