The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1897-01-01
THE CHARTER OF INCORPORATION
OF THE
Mississippi Sound Tow Boat Company

Hr it known. THAT oi this. the 18th day
1T December, \ u. l-oi, Patrick Feore,
! Ed Mn, hrll Mrs T. u johnson, \. II.
l'ug"c. &. +. Peterson aid Il T.. Nortbup,
10y Nlr'u"Ut ;lr prOvisi of chap. twcl-
ty five - of The Annotated Code of the
State of mississippi. anh he acts ainenda.
tory thereof, do nrganizr aud found a
corporation fur the "i,j"crs aud purposes
hereinafter ruumcr't"'i; and to that ehd
aud purpoSr. they do 10y lhrs, presents,
with the approval of the Governor of the
state of M,si- slrpi, tolm aud constitute
themselves and all such other persons ~
may hereafter hcuinr ;rs>ocial.l with
them into body polite and corporate
in law under the following articles of the
chaltr of sad corpolatiuI, tu-wit:
ARTICLE /.
The name aud Sfllr OF This corporation
shall II" he MISSISSIPPI SOUND row
BOAT COMP WY. and in hal name shall
exist for the period nt fifty years from he
date of the approval nt this charter, un-
less sooner dissolved hN three lunrtls
vote ct the Stockholders, and may bv
rurchas" or otherwise. have, hold and en-
joy such real and prrs"ua uronerty not
+" exceed in valul TWO hundred and
nifty Thousand s2i0,mUl dollars, ny
may he necessary for the purposes for
which his organization is formed, and
Shall in addition, possess all the rights,
powers and privileges which corporations
uudrr the general laws of the State of
Mississippi are authorized TO exercise or
po,>csS.
AhIIIT Il n
The d"micllc oi lhls corporation shall
be- al Scranton. jackson county, Miss.
ARTICLE III.
The capital stock cf this corporation Is
hcl"hN fixed at twenty Thousand go
600 dollars, divided into two hundred
>hncs of one huudlrd SlOo each. As
>"nn as this charter shall he approved,
The Said Patrick FroIr. I'D Mitchell, Mrs.
+. ID. Jolusrn, :. II. Bug.", G.. +. Peter
son aud II. +. No'thup >bLll, at the dom
lcIie oi said corporation. open books of
subscription to The stock Of said company,
aud Whcn ten Thousand so 0O0l dollars
of stock shall have 'mcn Subscribed, u
meeting of the tnchhnllrr> shall he call
ed, ot which mcrtln. all of said stock
meeting said slrykhullcrs shall elect five
dirrcjols. each "t whom must be tho
owner ot AT least one share Of the stock of
said corporation, who shall serve as such
uuIll The first Monday M February, 1855.
ARTICLE ".
The objects and purposes of this cor
pnraliru are hereby declared TO be. to
lun aud operate one UI more tow boats, or
other water craft; to tow vessels, timber
"r "t.irr merchandise. aud 10 transport
passengers and nrrchaHdIsr between such
points and places on the Mississippi
>uund aud its tributaries. rs the BOARD Of
directors may determine, and 10 do u
general towing and transportation busl-
ness for plulll,
ARTICLE V.
The cornolatc powers of this corpora
'luu shall hc vested IN Il boar, of five d-
'rctnr~. who shall he elected by tho
Stockholders wi hin Sixty days after the
lp,roval of this charter. and on the first
Monday N February, l-.'S. aud annually
hereafter on the first Monday in Febrn-
NY III cach year. The Board of Dirrc-
tors shall. at their iir>l mretin. and an.
ulally thereafter following every elec-
ion of directors, organic hy tlccting i
president, vicr-prrsl,irnt, secretary aud
r"aNurcr, provided that the two last
banned offices may he filled hy he same
,rrsoii. Ndrancl,. on thc Board of Di-
"ct"rs shall be- filled hy the stockholders
1t an election To he held for Thar pnr-
,uSr on five days notice to the sock
Ioldrrs hy the secretary. majority