The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-05-19
CHARTER OF Incorporation
OF THE
Pascagouia Boom Company,
ARl'ICLE |.

ARTICLE |.
This act of corporation is formed fl
the purpose of engaging in and carving
ou the business of running. driving,
booming and rafting logs. timber, lumber
and other tioatables on and along the
PascagOula river and its tributaries. AMI
also on ard oven lakes aud waters as may
be intersected by said river and IT'S tri6-
~utaries.
ARTICLE II.
The following named persons, with such
others as may hereafter become as,ori-
ated with them, shall form this corporal
II. NJ McCallum, Peter Mckenzie. A. ID.
Drmghan, A. G. Brown, d. ID. Carter.
Albert II. McSwain, j. I. Carter, NJ. l..
Ward, j. L. Grant, A. q. Smith, Jno. H.
Caver, J.. A. Avcra. John Mcintosh, X.
K'trell, Geo. :. Leatherbury, Jr, Henry
Brannan, G. II. Wood, }. l.. Danizl.r, A.
s. Denny. J. W. Griffin. Geo. w. Robin
son, Will Farnsworth, Henry Gaulier, f.,
Bloomfield.
ARTICLE III.
The name of said corporation shall be
known as the Pasca.oula Boom Company.
ARTICLE ".
The domicile of said corporation shall
be ut Moss Point, Jackson county, Mis-
siSSippi, and this charter to be for a term
of fifty (5O years, unless sooner dissolv-
ed by II two-thl!ds vote CT the stock
holders Of said corporation.
ARTICLE V.
The capital stock of said corporation
shall be twenty-five thousand 1895, COO. 00)
dollars with the privilege of increasing
the same to one hundred thousand $780,
GOO O0) dollars. to be divided into shares
Of fifty $4,000 dollars each. No one
stock holder shall he permitted to own
more than forty (4O) per cent of the cnpi-
tai stock.
ARTICLE VI.
When fifteen thousand (S15, 000.0 dol
lars Of the capital stock has been sub
scribed. and twenty-five per cent of the
subscription paid in, said corporation
may begin business. The balance of said
pad in at the call of the directors OF said
corporation.
ARTICLE VII.
The officers OF saia corporation shall be
II president. Il first and second vice. presl-
dent, secretary aud treasurer, 10 be
elected by and from the board Of directors.
The Office of secretary and Treasurer may
be he'd by the same person. There shall
be Il board of thirteen C3) directors to be
elected at the stock huideis' first mrutin.
att,r the approval of this charter. and
Y no shall bold office until the second
Wednesday of August, 1e94. Their suc-
cessors shall be elected at the annual
meeting of the stock holders by IL MAORI
IS CT the votes of The stock holders pres
ent. The board of directors shall have
full control of the business and manage
mcnt of the affairs OF the company, sub
jcct to the restrictions Of This charter and
bylaws of the corporation. A majority
of the capital stock shall constitute n
quorum for the transaction of business
ut any reg liar or call meeting of the
stock holders and every stock holder shall
he entitled to one ~ vote for each share
of stock owned by him, and one stock
holder can vote by proxy for another, il
authorized il. writing live o. directors
shall constitute IL quorum fh the trans
action of business, and on all questions II
majority vote shall prevail.
ARTICLE VIII.
Said corporation may W steam boats,
pile drivers, balges, booms and such 9TH
en- 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 be
one hundred thousand (S100, 000. 00) dol
lars. 1t shall have power to hu;, lease
or rent or sell such real estate and
personal property as may be necessary for
the carry ing on Of the business of said
corporation. 1t shall have power, and the
right in any of the streams mentioned in
these articles of incorporation to con-
struct and maintain all necessary boolns
for the business of said company, pro.
vided that no permanent bOoms or piling
shall extend across any stream that is
navigable aud no boons or piling shall be
constructed so as to impair The navigabil-
ity of any stream, bay. iulet or harbor or
lake, and that no booms or structures
shall he placed IN any hurbor on the Gulf
or in any navigablc waters not wholly
With this State. This corporation shall
have power to make all necessary con
tracts for the driving, booming, rafting
and running of logs, timber, lumber and
other tloata bles and to fix uniform rates
for the running, rafting, penuing aud de-
livery of such logs. timber, lumber aud
other iloatables. 1t shall not have the
power to bny any logs or timber except
what may be necessary for booming and