The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1896-12-25
THE CHARTER OF INCORPORATION
OF THE
Merchants Transportation Company.

Be it known, that on this, the LIST day
of December, A. ID. 1896, 6. NJ. Luce, Ed
Mitchell. John :. Mckibbin, Barcla,
Spottswood and J. W. Stewart. by virtu,
ut the provisions Of Chapter - of the
Annotated Code of the State of Mlssls
sippi, and the acts amendatory thereof
do organize and found a corporation fol
the ohjrctS and purposes hereinafter
enumerated; and to that end and pur
pose they do 10y these presents with tn,
approval Of the Governor Of the State OF
Mississippi, form and constitute them.
selves, and all such other persons as may
hereafter become associated with them
into ii body polite and corporate in law
under the following articles of the Char
ter of said corporation, to.wit:
ARTICLE l..
The name and sly lie of this corporation
shall b. the MERCHANTS RtN$POR-
TATlON COMPANY, and in that namo
shall exist for the period of fifty years
from the date of the approval of this
Charter unless sooncr dissolved by a vote
of thrce iourths OF it's stpckhnldcrs. and
may by purchase, or otherwise acquire,
have. hold aud enjoy such real and per.
sonal property. not to exceed in value the
sum OF Two Hundred aud Fifty Thousand
(S250, 200 Dollars, as may be necessary tor
the purposes for which this organization
is to'med. and shall IN addition possess
all the rights and powers which corpora
tiohS under the gcnral laws OF the State
OF Mississippi are authorized to exercise
or possess.
ApIJCI II
The domicile of this corporation shall
be Scranton, Jackson county, Mississippi.
ARTICLE Ill.
The capital stock of this corporation is
hereby fixed at Ton Thousand (sl0,0 00)
Dollars, divided into Two Hundred (2O0)
Shares, of Fifty (Sj0) Dollars each. As
soon as tins Charter shall be approved
the said G NJ. Luce, Ed, Mitchell, John
5. Mckibbin, Barclay S%pottswood and j..
w. Stewart shall at the domcile of said
corporation open books of subscription to
tn" stock of said Company. and when
Three lhousend $50, 000) Dollars of stock
shall have been subscribed. a meeting of
stockholders shall be called, of which
meeting all of said Stockholders shall
have notice, and at which meeting the
said stockholders shall elect Eve Direc-
tors, each of whom must be the owner of
ut least II share of the stock of said
Company, who shall serve ~ such until
the first Wednesday in January, A. ID.
1873.
ARTICLE ".
The objects and purposes of this cor
poratlon are hereby declared to be. to
own and operate one or more steamboats,,
and other water craft. tor the purpose Of
transporting naval stores, mel chandise
and passengers for hire. between points
on the l~'ascasoula, Chicbasahay aud
Leaf rivers and such other Poiats and
places as the Board of Directors may DIES.
lgnate; to own aud operate warehouses
for storage of naval stores aud merchau-
disc. and to do all such other legal acts
rs may he necessary to successfully carry
out the objects aforesaid.
ARTICLE V.
The corporate powers Of this corpora
tion shall he vested in q Board of Five
Directors, who shall he elected by the
stockholders within sixty days after the
approval of this Charter. and ON the first
Wednesday in January, 1893, and annual.
" 'Htitdl'tI WI lut ulSi w tulitSluN VI
January, in each year. The Board OF
Directors mt their first meeting, and an,
nually thereafter following every cleo.
ton of Directors, shall organize by elect
ing "A President, Vico-Presiient, Seer ella.
ry and Treasurer, provided that the two
last named offices may be filled by the
same person Vacancies on the Board OF
Directors shall be filled by the stock.
holders ut an election to be held for tina,
purpose on five days notice by the Sec.
Rotary to the stockholders. A majority
of the Board of Directors shall consti.
tute II quorum; said Board of Director,
may appoint from time to time, also dis
miss at their pleasure, Snch officers,
agents and employees as they may deem
necessary for the business and purposes
OF the corporation they may establish
ny well as alter and amend all bylaws
rules and regulations necessary ant
proper for The business of said corpora
ton.
G. NJ. LUCE,
ED. MITCHELL,
BARCLAY SPOTTSWOOD,
JOHN Is. MCKlBBIN,
}. W. STEWART.
December II, 1906. 43-3t