The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-11-03
CHARTER 0E INCORPORATION
OF THE
PASCAG0UlA RIVER PACKET
AND SUPPLY COMPANY.

BE- it known that on this the 1irh day
Of Sertrmber, A. ID. 1891. George s.
Leatllerhury, Jr.. MI. O'Ncal and +. II.
Lewis. by virtue OF the provisions of
Chapter Twenty-Five of the Annotated
Code Of the State OF Mississippi, do here
by organize and form !. corporation for
the objects and purposes hereinafter
enumerated and to tlat end and pnr-
pose they do by these presents, with the
approval OF the Governor OF The State of
Mississippi, torm'and constitute them :
selves. and such other persons as may be-
come assoc ciated with them whether by
purchase, descent, Subscription or other
wise into Il body polite and corporate in
law under the following articles Of the
Charter of said Corporation, to. WIT:
ARTICLE l..
The name and style of this corporation
shall be the P~ascagonla River Packet Il
supply Company, and in that name shall
exist for the period of fifty wears from
the date of the approval Of this charter,
unless sooner dissolved by the stockh old
crs, and may by purchase or otherwise,
acquire. have, hold and enjoy such real
and personal property ~ may be required
for the purposes for which his olgdniza.
ton is formed, not exceeding in value
the amount prescribed by Section S35 of
the Annotated Oode of 1892 and shall
N addition Possess all the rights and
powers which coiporatio $ under the
general laws If the State of Mississippi
are authorized to exercise or possess,
which may be necessary for its Purposes
ARTICLE IL.
The domicilc OF Tins curlurat ion shall
be at Scr inton, Jackson cUunty. Mlssis-
sipri.
ARTICLE Ill.
The capital stock of this corporation is
hereby fixed Mt Ten Thousand SO 000)
Dollars. divided into Que hundred (lUUl
shares OF one hundred (Sl0Ul dollars
each. AS soon us this charter shall be
approved, the said George S. Leather
berry IT,, NJ. J. U'Neal and r. II. Lewis.
shall at the d"micilc of said corporation
open books of subsc Upton tothc stock OF
said corporation, and when three thOus.
and five hundred (S3 ,5OO) dollars Of
stock shall have been subscribed and
paid in, Il meeting of the Stockholders
shall be called, Of " hicl said meeting all
of the Stockholders OF subscribers shall
have notice, aud at which meeting the
stockholders shall elect tire, diylceors.
who shall serve rs such until the first
Monday in October. 1894.
ARTICLE ".
The object and purpose OF This corpora
tion is hereby declared TO he I: To own
and operate one or more steam boats or
other water craft in the business OF trans
porting passengers and freight to ANA
from Scranton, and points and pl ices on
aud upon such other streams or bodies
of navisablt water, rs the boar,t tf dilec-
tOls may select to Own and o%perate
warehouses at such places as the board
Of directors may select, for the purpose
of storing naval stores and other mer
chandist, and to carry on II general
wholesale naval store and feed business,
or general retail mercantile business.
ARTICLE V.
The corporate power of this corpora.
ton shall be vested in II board of three
directors. who shall he elected within
thirty days after tho approval Of this
charter. and annually tlel eifter on the
first Monday OF OctO ,er in each year.
The beard Of directors at then first meet.
ing, and annually thereafter following,
every election Of directors shall organ.
lze by rlecling n President, Vice .Plesl-
dent, aud Secretary and Treasurer, pro-
viled that the two last ndl,od offices
may be held by the same person. Vacun-
cics Occurring in the beard OF directors
may he filled by the Stockholders ut an
election for thar purpose on two weeks
notice to be given IN writing to each
stakeholder. A majority OF the board OF
directors shall constitute % quorum for
the transaction OF business. The board
Of directors may appoint from time to
time, also dismiss ut their pleasure such
officers, agents aud servants as may be
necessary for the business OF the corpora.
ton ; the may establish Us vol us alter
and amend all such bylaws. rules and
regulations as may be necessary tor
tho business Of The corporation.
ARTICLE vi.
The board of directors shall meet for
the transaction of business ut the Office
OF the corporation, or such other place as
may be designated in tho call for the
meeting all transfer of stock shall be
on the books Of the company. The d.
lectOrs elected shall hold over until their
SUCCESSORS aru qualified, and no failure to
elect directors shall work u forfeiture OF
this charter. This corporation may be
dissolved at any time, ul0n the vote of d
majority Of tho stockholders Tor thai
put pose.
October 90, lS9s. 35-lt