The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1897-02-13

county, State OF MlsHlSslppl; hut Its stock
holders, after the first meeting, may meet
anywhere that may be appointed In thel
bylaws of tho corporation, whether with.
In or without tho State of Mississippi.
Article III. Tho objects for which this
corporation is created, are 10 build, par,
chase, charter, run, operate and sell or
own Que or more steamboats, towhOats,
barges or other vessels upon the Miasis.
sipn river and q tributaries aud outlets,
more especially on Bayou Laiourche, for |
transportatlon of freight, mails and pas.
sengers; and also to purchase, lease, mort
gage, sell or otherwsouaequire or dispose |
Of wharvos, landing. wharf.boats, barges,
elevators, in this state and Ia other statos- |
and all other properties of VIII ntsoevcr dc |
scription necessary or convenient for the |
trims, elton OF the business or this corno |
ration, Said corporation shall have tho |
rieht To transport freight and passengers, |
and mail by steam, boat or other water
craft on the Mississippi river, other pub
lie nayigabc water, and TO receive there's
for such compensation as 1t shall from
time TO time DO fixed and designated by
| tho nroprr Ot1lccra Of said corporation; to
| receive for safe keeping and store NOR
cbandise in its yards, warehouses and
| whnrfbonts aud receive sncb compensation
| there .or MS may from time to time be es-
| tablishod by tho proper officer OF thus
| corporaton, 90 mako advances of money
or credit upon merchandise or property
| for charges made by othcr transportation
lines, or by amy person, to be transported
| by Its boats, or stored III is yards, wharf
beats or warehouses, ana TO include the
sa,no or charged in the bill OF lading along
with ia charges tor freight, all upon such
terms and conditions ms the proper officer
~ tbia evaporation may from time to time
eatohlish. and do all other acts necessary
ond convenient for the welfare and bus
inesa of this corporation. This corpora
tion 'sb III have all the rights and privi'
ieoes conferred upon corporations Of like
character by chapter % annotated code OF
1909 of tho State of Mississippi, aud shall
. he subiect to the limitations and restric-
tions thereby Imposed.
Article ". The capital stock OF this
cornoration ia hereby fixcdat -Four Thous-
, and Six-Hundred dollars (4600,0D being
divided into ninety-two shares (02) shares
of Fifty Dollars tS50,OO) per share which
stock shall be paid for III cash at time o.
It's subscription, or may be paid iof OF ~
. nr nr,,nerty actually received Said cap
: ;tai stock may he increased from time tt
time bv n majority vote OF the caplto
stock Of all the stock holders, al meotinI
nj the office of this corporation call'd TO
! that purpose, after ten days notice, cop,
d ofsa,d notice TO be mailed or delivered T.
aach stock holder At all meeiihgs o
: stocl. holders. each stock holder shall b
antitIed To n vote for each and every shar
o III stock held by him; and may 80 vot
l. either in person orbg proxy.
Article V. Tho nineteenth day Of Feb
ruarv. A.. d. 1897, n general meeting 0
tbo stock. holders of this corporation shal
he held Mt its domicilc in the City OF Ba.
II 81. Louis. and ut said meeting one th
stockholders shall be ch0sed or elected q
- manager of said corporation, TO hold otIlc
for the term of three years who shall !
10 charged with ine control and manageme,
OF the business aud affairs OF this COZ porI
- ton. A majority ofthe votes cast sna
be necessary to elect. said manager sna ,
ly be tho officer on whom citation slilii
"a. served. and he shall have full pow al
shority 10 appoint such officers, clerl
1S-~.. .s6apents as the business OF TINS corpor
IVY Mn M NAV require, and the same TO disml
q nj pleasure; as, also, to make and est
See as wrfrasi <. Y =, IN - and
by.laws, rules and regulations that
= may deem necessary for the support a
management of the AFFAIR." and bus moss
,rd this corporation. That ut each gene
re. meeting ofthe stockholders ofsa conn
ny, tho said manager shall furnish a
- present complete and detailed staten,
of the business affairs OF this corporate
les for the preceding three years.
sts. Article vi. Whenever this corporatl
is dissolved by limitation or by any otl
- cause, its fairs shall be liquidated unt
the superintendent OF two stockholdt
Tx, appointed for that purpose by the stoC
iv- holders OF this corporation. at gene
ed. meeting convened for that purpose. i
- said commissioners shall lemain In of
until the affairs of the corporation sh
en- have been fully and finally settled q
ce liquIdated; aud In case OF the death
other disability OF either Of said comm
- siJners, the survivor shall continue
act,
Article VII. This act of Incorporate
may be changed, modified or altered,
the corporation may be dissolved by a
with the assent of the majority In amou
lid OF the capital stock OF said corporate
'eb at any general meeting Of the stockhol
lst ers convened for that purpose, after th
ty days previous notice of such meeti
D., shall haye been given In some pnb
)h. newspaper published at the domicile
ith this corporation, unless such dlssoluti
or modification shall be determined up
--- at meeting Of the stockholders held
aforesaid for the election of a manage
and inthat event, notice by the puDlic
tion In O newspaper may be dispens
ga with.
10 Article VIII. No stockholder shall c
or be held liable or responsible for /
contracts, debts or faults OF this corr
ration In any further sLm then the unpa
balances due the company on the shar
owned by him; nor shall any mere infC
Y. malty IN organization have the effect
rendering this act OF Incorporation vol
or exposing any stockholder 10 any j
20 bility beyond the amount due by him
~ bis stock
y Article TX. No share of the capt.
- stock of this corporation shall be trai
~ ferred or sold or otherwise disposed
4, uness the stockholder desiring to ma
- such transfer or sale or disposition, sh
- first offer said stock to the other stoc
~ lholders OF the company, through Its ma
:; ager at the lowest price he may be W
nd ling TO take therefor; ana only after su
~ notification having been served In WI
ha ing on the manager and failure witt
ma one week thereafter OF any stockhold
TO avail himself of such privilege to pI
he chase, the said stock of such stockholo
I'D NAV be sold or transferred TO any pers
"a who NAV desire to purchase the sal
all ana said transfer to be made on the boo
nd of this CORPORATION In the name OF the pl
nd chaser thereof.
fer Article X. The manager of this corr
be raion shall have full pow er and autho
al, Ity ia sell or mortgage any or all OF
- a., xoccala nj thfa cOrOOfati