The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1893-05-12
CHARTER OF INCORPORATION
or THE
PascagouIa Boom Company.
ARTICLE |.

ARTICLE |.
This act of corporation is formed ful
The purpose of engaging in and carrying
on the business OF running, driving,
booming aud rafting logs, timber, lumber
and other iluatables on and along the
P~ascagoula river and its tributaries. and
also on ard over lakes aud waters as may
be intersected by said river aud ITS trib-
utaries.
ARTICLE ii.
The following named persons, with snch
others as may hereafter become as>oci-
ated with them, shall form this c"rpora-
lion. tO-wit: j. A. Kennedy, Ben Stevens,
H. McCallum, Peter Mckenzie, A. ID.
Dranghan, A. q. Brown, ID. d. Carter,
Albert IL. McSwaiu, }. Z. Carter, NJ. l..
Ward, j. I. Grant, A. &. Smith, JnO. II.
Caver, j.. A. Avera. John Mcintosh, X.
kitrell, Geo. \. Leatherbury, Jr, Henry
B%rannan, G. II. Wood, J. L. Dantzler, A.
5. Denny. j. w. Griffin. Geo. w. Robin
son, Will F~arnsworth, Henry Gautier, E.
Bloomfield.
ARTICLE Ill.
The name of said corporation shall be
known as the ~PascagOula Boom Company.
ARTICLE w.
The dOmicile of said corporation shall
be at Moss Point, Jackson county, Mis-
sissippi, and this charter to be- for a term
OF fifty (5O) years, unless sooner dissolv-
ed by u twO-thlids vote Of the stock
holders Of said corporation.
ARTICLE v.
The capital stock of said corporation
shall be twenty-five thousand 1875. OuO. OO)
dollars with the privilege of increasing
the same to Gle hundred thousand $500.
0O0.O) dollars. To be divided into shares
Of fifty ($5O.O0) dollars each. No one
stock holder shall be permitted to W
more than forty (4O) per cent of the CAPT.
tai stock.
ARTICLE vi.
When fifteen thousand (Sl5, 10000 70 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
subscription to the capital stock shall be-
paid ~ at the call of the directors OF said
corporation.
ARTICLE VII.
The officers of sala corporation shall be
a president, a first and second %vice-presI-
dent, secretary and treasurer, TO DO
elected by and from the board Of directors.
inc Office OF secretary aud treasurer mat
be held by the sam person. There shall
be u beard of thirteen (l3) directors to be
elected ut the stock holders first meeting
nft'r the approval of this charter. and
y no shall hold Office until the second
Wednesday of August, 1894. Their sue
cessOrs shall be elected at the annual
meeting of the stock holders by Il %r,aiovi-
ty CT he votes of the stock holders pres
ent. The board Of directors shall have
full cOhtiOl of the business and manage
ment OF the affairs OF the COMPANY. sub
Ject to the restrictions of This charter and
bylaws OF the corporation. A majority
OF the capital stock shall constitute a
quorum for tho transaction of business
at any reg liar or call meeting of the
stock holders aud every stock holder shall
be entitled to one ~ vote for each share
OF stock owned by him, aud one stock
holder can vote by proxy for another. If
authorized In writing. Five g. directors
shall constitute u quorum to, the trans
action of business, and on all questions a
majority vote shall prevail.
ARTICLE VIII.
Said corporation may own steam boats,
pile drivers, barges, booms aud such 9th
er personal property and real estate IA
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 (S1U0, OOO. 00) dol
lars. Ii Shall have power to hu-, lease
or rent or sell slcl, real estate ana
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.
strnct and mainiain all necessary buonns
Tor the business of said company, pro.
Vhhed that no permanent bOOms or plliny
shall extend across any stream that is
navigable and no booms or piling shall be
constructed so as TO impair the navigabil.
ny OF any stream, bay. inlet or hurbur or
lake, aud that M boOms or structures
shall he placed in any harbor on the Gnlf
or IN any n%avigable waters not wholly
within this State. This corporation shall
have power to make all Decrssary con-
tracts for the driving, booming, rafting
and rnnning of logs, timber, lumber and
other fl0ata bles and to fix uniform rates
for the running, rafting, penning aud de-
livery OF such logs, tlmber, lumber and
other tiOatables. 1t shall not have the
power to buy any logs or timber except
what may DO necessary for booming aud
piling.
Said corporation may sue and be sued
IN any of the courts of this State by its
corporate name. Service of process to be
on the president or secretary, aud in case
they cannot be found at the d"micile Of
said company, then service may be had
on any one of the directors of said CON.
pany. They may own a corporate saal
and all deeds, transfers. contracts and
writings must he signed by tae president
on acting president, and the secretary 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 tho annual meeting of the stock
holders of said company for the election
OF directors, or at such other times as
may be designated ly said stock holders
in their rules and bylaws, the stock hold
ers may alter Or amend their rules and
bylaws by a majority vote of the stock
represented AZ such meeting.
MAJ x 1QOl