The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-04-21
.STN .fdrfrssSenaens&.
CHARTER OF INCORPORATION
OF 1iuE
PascagouIa Boom Company.
ARTICLE /.

booming aud rafting logs, timber, lumlmr
and other tloatables on aud along the
Pascagoula river and its tributaries. and
also O, and over lakes and waters MS may
be intersected by said river aud IT'S tri6-
ntaries.
ARTICLE II.
The followin. named persons, with such
others rs may hereafter become as,aci-
ated with them, shall form this corpora
ton. tO-wit: J. A. Kennedy. Ben Stevens,
HIM McCalInm, Peter Mckenzie. A. b.
DIauglian, A. &. Brown, ID. ID. Carter.
Albert IL. McSwain, }. Z. Carter, NJ. l..
Ward, j. I. Grant, A. q. Smith, Jno. II.
Caver, j.. A. Avcra. John Mcintosh, K.
k'tirll, Geo. y. Leatherburv, Jr, Henry
Brannan, Z. II. Wood, j. l.. Danlzler. A..
). Denny, J.. W. Griffin. Geo. W. Robin
son, viii Farnsworth. Henry Gautier, 4.
Bloomfield.
ARTICLE Ill.
The name of said corporation shall be
known as the PascaaOula Boom Company.
ARTICLE Nv.
The dOmicile of said corporation shall
he at Moss Point, jackson county. Mis-.
sissippi, aud this charter to be for a term
of fifty (5O years, unless sooner dissOlv-
ed by II two-ihnls vote If the stock
hOldcrs OF said corporation.
ARTICLE V.
Tho capital stock ot said corporation
shall be Twenty-Five thousand ($25, COO. COY
dollars with the privil, ge of increasing
the same to one hundred Thousand $500.
O00 0O) dollars. to be divided into shares
Of fifty (S5O00) dollars each. No onc
stock holder shall be permitted to own
more than forty (4O) per cent Of the CAPT.
tai stock.
ARTICLE vi.
When fifteen thousand (Sl5, OOO.O COY dol.
lars Of the capital stock has been sub
,ciibcd. and twenty-five per cent OF the
subscription paid in, said corporation
may begin business. The balance of said
subscription to the capital stock shall lr
paid IN at the call of the directors OF said
corporation.
ARTICLE VII.
The officers OF SiIu corporation shall be
u president, Il first and second vice. urrs,.
dent, secretary and treasurer, 10 be e..
lrctct by and from the board Of directors.
The office OF secretary and treasurer may
he held by the same person. There shall
be n beard Of thirteen O3) directors to be
elected at the stock holdeis' first meeting
aft the approval of this charter, and
v no shall hold office until the SECOND
Wednesday Of August, 1,94. Their sue
cessols shall be elected ut the annual
meeting Of the stock holders by II m,iori-
ty CT the votes of the stack holders pres
ent. The board Of directors shall have
tnll control Of the business and manage
ment of the Affairs OF tho company, sub
.jcct to the restrictions of this charter aud
bylaws OF the cOIpOlatiO . A majority
of the capital stock shall constitute a
quorum for the transaction of business
at any regular or call meeting of the
stock holders and every stock holder shall
he entitled to one a. vote for each share
Of stock owned 10y him, aud one stock
holder can vote by proxy for another, il
authorized in writing. Eve (5) director,
shall constitute II quorum tnr the trans
action ct business, and on all QrcstiUns a
majority vote shall prevail.
ARTICLE VIII.
Said corporal ion may own steam boats,
pile drivers; burgess, bOoms aud such 9th.
er personal property and real estate as
may be necessary for the Carrying on aud
the conducting of the business of SAID
corporation. IL shall have power to bu,
tease or rent and sell such real estate and
personal property as may he necessary for
the carry ing on OF said corporations bust
ness. 1t shall have power, aud the right in
amy OF the streams mentioned in articles
of Incorporation to construct aud main
lain all necessary booins for the business
OF said company. In the event Of the re-
ins;ll OF the owners Of the shore along
which, OF IN front of which they may find
to be necessary to construct such bOOms o,
driving piling TO allow snch lm0ms OF
piling to bc constructed, then said com
pany may proceed to condemn said land
us provided for by the statutes OF the
State of Mississippi. Such bonmS aud
piling shall bc constru ,tcd as to allow iii.
free passage of boats, vessels. wafer
crafts, logs. timber, lumber aud other
tiOalahles along the Steam Of water,
heieinhetOre mentioned. 1t shall have
power to make all necessary contracts fol
the driving, booining, rafting and run.
ming of logs, timber, lumber and Other
floatablts.
1t shall not have power to buy any logs
or timber except what may 30 nee
essary for The construction of Blooms aud
pllings. 1t shall have power to Tx uni.
form rates for the running. rafting and
delivery OF logs, timber, lumber and 9th
or t~tOatablcs, and when amy timber. lam.
Der, logs or other tlOatables are rafted,
run and delivered by said company. il
shall have Il lien on the logs, timber,
lumber or other foatablcs driven, boom.
Ell, RATED or run in preference to all 9th.
or claims or liens, and said company il
entitled to retain possession Of snch logs,
timber. lumber or other tluatables, or .,
much thereof nv may be necessary 10 sat,
isfy the amount Of such bOOmage. aud
runnage and delivery, and all rXpcns Sc.
for taking care of the same until the same
shall be determined, satisfied and paid,
Said company claiming any lien on logs,
timber, lumber or other fOaiables ma,
enforce the anne by petition to the Cir,
cult Court OF the county wherein the logs,
timber, lumber or Othea f~lOatables arc sit.
uatel. when the amOun is Ovcr two hui.
drei ($20O O0) dollars, and in the Justice
Of the Peace court when the amount i,
two bundled ($200.00) dollars and under
The proceedings to enforce such liens
shall b. ~ the manner of enforcement OF
mechanics lien in tho State when appli.
cable to the case. Said corporation may
sue and be sued IN any Of the courts d
this State by it's corporate nam. Ser,
vice of process 10 be on the president 81
secretary, and in case they Cannot be
found at the domicile of said company,
then service may DO had on any QUE Of
the directors of said company.
They may W a corporate seal and all
deeds, transfers, contracts and writings
must be signed by the president or acting
president aud the Secretary or acting sec.
rotary of the company. or by some duly
authorized agent in writing under the
signatures Of Tho president aud secretary
aud seal Of said company, At the annual
meeting Of the stock holders Of said COM
pany, for the election Of directors, or al
such other times as may be designated by
said stock holders ia their rules and by
laws, the stock holders may alter .,