The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1896-12-11
.yie,U .sdperiise,aenss.
-SiesU .adUeriisesssessss.
The CHARTER OF INCORPORATION
OF THE
Merchants Transportation Company.

BE it know D, that on this, the LIST day
Of December, A. d. 1876, g. NJ. Luce, Ell,
Mitchell. John :. McKibbin, Barclay
S~pottswood and j. w. Stewart, by virtue
OF the provisions Of Chapter Is Of the
Annotated Code Of the State Of Missis-
sippi, and the acts amendai0ry thereof.
do organize aud found y corporation for
che objects and purposes hereinafter
enumerated; and to that end and pur-
pose they do by these presents with the
approval Of the Governor Of the State OF
Mississippi, form and constitute them
selves, and all such other persons ~ may
hereafter become associated with them
into u body polite and corporate IN law
under the following articles OF the Char
ter Of said corpoIati0n, t0.wit:
ARTICLE I.
The name and style of this corporation
shall bs the MERCHANTS TRANSPOR.
TATlON COMPANY, aud In that name
shall exit kr the period Of fifty years
from thax1o of the approval OF this
Charter uuless sooner dissolved by u vote
Of three-burths OF its stockholders. and
may by purchase, or otherwise acquire,
have, hold and enjoy such real and per-
sOnal property, not to exceed III value Inc
sum OF Two Hundred aud Fifty thousand
($250, 0 )DUllars, ~ may h necessary tor
the purposes tor which this organization
is formed, and shall in addition possess
all the. rights and powers which corpora
tons under the genral laws Of the State
Of Mississippi are authorized to exercise
<r { ARTICLE II.
The domlcile of this corporation shall
be Scranton, Jackson cousty, Mississippi.
ARTICLE Ill.
The capital stock of this corparatiou il
hereby fixed ut Ten Thousand ($l0, O00)
Dollars, divided into Two Hundred (2OO)
Shares, ot Fifty ESQ., Dollars each. Al
soon rs this Charter shall be approved
the said q. N. Luce, Ed. Mitchell, john
g. McKibbin, Barclay Spottswood and }.
| w. Stewart shall W the. dOmcile Of said
corporation open books of subscription to
the stock Of said Company, aud when
Three Thousend l$3,0O0) Dollars Of stock
shall have been subscribed, q meeting Of
stockholders shall be called, Of which
meeting all n said stockholders shall
have notice, and vt which meeting the
said stockholders shall elect Eve Qirec.
tors, each Of whom must be the Owler Ot
ut least one share of the stock of said
Company, wh0shall serve m such until
the first Wednesday in January, A. u
lby6.
ARTICLE Nv.
The objects aud purposes Of this cor
pOration. are hereby declared to he, Il
own and operate u or more steamboats,
md other water craft, tor the purpose o.
transporting naval stores, n,er chandis,
and passengers for hire, between point
Oh the p~ascayoula, Chichasahay ant
Leaf rivers and such other pOilts ant
places as the Boarl of Directors may DIES
igpatp; to own aud operate warehouse
for storage Of naval stores and MERIDIAN
disc, and to do all such other legal act
az may he necessary to successfully carr,
out the objects aforesaid.
ARTICLE v.
The corporate powers Of this corpora
fi0n shall DO vested in Il Board Of Fiv
Directors, who shall be elected by tn
stockholders within sixty days after til,
approval Of this Charter, and Oh the iirs
J wednesday III January. lt96, and annual
" thereafter on tho Hrst Wednesday
, January, in each year.. The Board Q
Directors at their FIRST meeting, aud az
nuaily thereafter following every elet
ton Of Directors, shall 0rganize by elect
/ ing u President, vice-P President, Scorers
~ and Treasurer, provided that the tw
last named Offices may be filed by tn
f; same person. Vacancies m tho Board {
: Directors shall he filed BY the stock
. holders ut an election to 10 held for tina
:. purpose on five days notice by the Sec
, retaIy to the stockholders. A maiorit
of the Board Of Directors shall consti
tute q quorum; said Board of Director
+; may appoint from time to time, also di.
' miss at their pleasure, snch Officer
!. agents and employees as they may deer
necessary for the business and purpose
; Of the corporation ; they may establisl
IL. we'll Us alter and amend all bylaw
rules ap4 regulations necessary All
proper fUr.:hc business Of said corpOr,
ton.
q. NJ. LUCE,
ED. MITCHELL,
BARCLAY SPOT1SWOOD,
-. JOHN b. McKIBBIN,
. III mn ~ a MAJ