The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-05-26
CHARTER OF INCORPORATION
Pascagoula Boom Company.
ARTICLE /.

purpose of engaging in and carry ing
the business ct running. driving,
booming and rafting logs, timber, lumber
and other f0atables on and along the
P~ascagOula river aud its tributaries, and
also oil and over lakes and waters as may
he intersected by said river aud It's trib-
~utaries.
ARTICLE II.
The following named persons, with such
others as may hereafter become assori-
ated with them, shall form this corpora
ton. to-wit: j. A. Kennedy. Ben Stevens,
II. M McCallum, Peter Mckenzie, A. d.
Draughan, A. G. Brown, d. ID. Carter,
Albert II. McSwain, }. z. Carter, NJ. l..
Ward, j. I. Craut, A. g.. Snith, Jno. II.
Caver, j.. A. Avera, john Mcintosh, X.
Kitrell, Geo. \. L%eatherburv, Jr, Henry
Brannan, G. II. Wood, j. l.. Danlzler, A.
s. Denny, J. W. Griffin. Geo. W. Robin
son, Will Farnsworth, Henry Gautier, Z.
Bloomfield.
ARTICLE III.
The name Of said corporation shall be
known as the Pascagoula Boom Company.
ARTICLE Nv,
The dOmicile of said corporation shall
be ut Moss Point, Jackson county, Mis-
sissippi, and this charter to be for q term
Of fifty (5O) years, unless sooner dissOlv-
ed by u two-thilds vote Of the stock
holders Of said corporation.
ARTICLE v.
The capital stock Of said corporation
shall be twenty-five thousand ($25, 00O. COY
dollars with the privilege Of increasing
the same to one hundred thousand $780,
OOO,0 O) dollars, to be divided into shares
of fifty $4,000 dollars each. No one
stock holder shall be permitted to own
more than forty (4O) per cent of the capt.
tai stock.
ARTICLE vi.
When fifteen thousand ($l5, OO0. OO) dol
lars of the capital stock has been sub
scribed, and twenty-five per cent of tho
subscription paid IN, said corporation
may begin business. The balance Of said
subscription to the capital stock shall 10
paid IN at the call Of the directors OF said
corporation.
ARTICLE VII.
The officers of said corporation shall be
u president, a first and second vice-presl.
dent, secretary and treasurer, to bt
elected by aud from the board of directors
Tho Office of secretary and treasurer may
be held by the same person. There shal
he u board of thirteen (13) directors to b.
elected at the stock holders first meeting
after the approval of this charter. and
v no shall hold Office until the sccont
Wednesday Of August, 1894. Their sue
nacuD,.o chill Jn .,1out.I nt tIa ANNA
meeting of the stock holders by u majOri-
ty of the votes of the stock holders pres
cnt. The board of directors shall have
full control of the business and manage
ment of the affairs OF the company, sub
iect to the restrictions of this charter ant
bylaws OF the corporation. A niajorit,
of the capital stock shall constitute /
quorum for the transaction of business
at any regular or call meeting of the
stock holders and every stock holder shall
be entitled to one ~ vote for each shar
of stock owned by him, and one stocl
holder can vote 10y proxy for another, i
authorized in writing. Five o. director
shall constitute a quorum fM the trans
action Of nnsiness, and on all questions
majority vote shall prevail.
ARTICLE VIII.
Said corporation may WI Steam Doat'
pie drivers oafges, Doouis ana sucn ott
er personal Propert! a"u roai estate y
may DC necessary iof carrying on a0
conducting Tue business OF sa'a corpo
a..2h, plov.uou nc n"A'unum '"i" 'n !
sucn properly 80 hela or oW" "oo s snal, .
one h"ndreu ,ho"saha lsl"o, Vvo.oV) uo
lars. IL snaIi nave power 10 ouy, 'eas
OF REM vi Se,l such reai cs'ate an
pe'sonaI Piopelty ~ ma! 10 necessary i:
Tue carving on OF the business oI sal
corporation !. shaIl nave power, ana =!
right' III any OF tne stfeaul mentioned
these articles oi Incorporation 10 COZ
str"ct anu ma'h'a.u al necessary ooon
for d business OF snld company, PR
ylaea tnat d" petmahent COINS or Pun"
snail ex'end across any stream tnm'
hav'sapie ahu no boonns or plllns snail !
constructed SO as 10 impair ,he naVisaol
ny OF any stre"m, oay' lIlet or naroor Q
iakc, ana that no Oooms or structure
, snail he placed III any haroor on the u9,
: or W any havisaole waters hot wh0i
within thls STATE. ms corporation sha
have power TO make all necessary GO
tracts for inc aiiving,. booming, rait'n
ana running OF logs, timber inmoer an
OtueT DOata oltS auU 10 TX UNIFORM faU