The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1897-02-06


may deem necessary for the bupport . -, -
manaA ement OF the AFFAIR." and business :,
this corporation. That at each gann,'' "
meeting thsstockholders ofsaid co,',,a
ny, the said manager shall furnish an1
present complete and detailed stata,,',.'.. I.
Of the business affairs OF this 4rporatiIoun
Tor the preceding three years. 49,
! Article vi. Whenever this corpofar.r
Is dissolved by Limitation or by any other
cause, It's affairs shall be liquidated under
| the superintehdence of two stockholders
appointed for that purpose by the stock
| hoiders'ot this corporation, at general
| meeting convened for that purpose The
said commissioners shall remain In Office
| until the affairs Of the corporation shall
have been fully and finally settled and
| Iiquidated; and 10 case of the death or
other disability OF either OF said commits
sioners, the survivor shall continue to
act.
Article VII. This act OF Incorporation
may be changed, modified Or altered, or
the corporation may be dissolved by and
with the assent of the majority In amount
OF the capital stock Of said corporation,
at any general meeting Of the stock hold
ers convened for that purpose, after thir.
ty days previous notice OF such meeting
shall haye been given in some pnblIc
newspaper published at the domicile OF
this corporation, unless such dissolution
or modification shall be determined upon
at meeting.0f the stockholders held as
aforesaid for the election OF manager,
and, inthat event, notice by the pnpiica
ton in a newspaper may be dispensed
with.
Article VIII. No stockholder shall ey-
er be held liable or responsible for the
contracts, debts or faults OF this corpo-
ration in auy further sim than TIL. unpaid
balance due the company on the shares
owned by him; nor shall any mere infor-
mality In organization have the effect of
rendering this act of Incorporation void,
or exposing any stockholder to any lia-
bilitY beyond the amount due by him on
his stock
Article TX. No share OF the capitol
stock of this corporation shall be trans
ferred or sold or otherwise disposed OF
unless the stakeholder desiring to make
such transfer or sale or disposition, shalt
first offer said stock to the other. stock
holders Of the company, through It's man
ager at the lowest price he may be will
ling to take therefor; ana only after such
notification having been served In writ
Ing on the manager and q failure within
one week thereafter OF any stockholder
to avail himself OF such privilege 10 pur-
chase, the said stock OF such stockholder
may be sold or transferred to any person
who may desire TO purchase the, same ,
and said transfer to be made on the books |
Of this corporation 10 the name Of the pur- |
chaser thereof.
Article X. The manager OF this corpo |
ra ion shall have full power and author |
Ity to sell or mortgage any or all of the /
steamboats, or vessels of this corporation
may be possessed OF to charter or freight
steamboats, or vessels, and to make such /
contracts Of aereightment that he may
ieem judicious and advantageous to the
interests OF said corporation.
2. A. Charlet.
Edward Nicolle
b. Rivet.
Evela Hill,
per pro Eugane Charles.
G. w. Charlet, Il, w. Charlet. !