The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1899-12-01
Notice to Unknown Owners.
THE CHARTER
OF INCORPORATION OF
Mississippi Yellow Pine Lumbtr Co.

BE IT KNOWN, That on this, the 18th
day Of November, 1859, John o. Grisham,
Joseph Grishanl. George :. Leatherbury, Jr.
and }. W. Stone,Jr. by virtue OF the provisions
of chapter twenty-five t2jl OF the Annotated
Code of the State of Mississippi, and the acts
amendatury thereof, do hereby Organize and
found u corporation for the objects and pur-
poses hereinafter enumerated; and to that
end and purpose they do, by these presents
with the approval of the Governor of the
State OF Mississippi, form and constitute
themselves and all such other persons us may
hereafter become associated with them
whether by purchase, descent, subscription
or otherwise into II body polite and corpor-
ate in law under the following articles of the
Charter OF said Incorporation, to-wit:
Article l., The name and style OF this cor
poration shall! be Mississippi Yellow Pine
Lumber Co. and In that name shall exist for
the period of fifty years from the date of the
approval OF this charter. unless sooner dis
solved by the vote and approval of three
fourths OF It's stockholders, and may by pur-
chase or otherwise acquire, have, hold and
enjoy such real and personal property, not
exceeding in value or amount the limit fixed
by law. as may be required for the purposes
for which this organization Is formed; and
shall possess all the rights, powers and priv
ileges which corporations under the general
laws of the state of Mississippi are author
lied to exercise or possess.
shall be Denny, in jackson county, Missis-
sippi.
Article 3. The capital stock OF this cor
p%oration Is hereby fixed at fifty thousand
shares of one hundred dollars each. AS soon
AS this charter shall be approved, the said
Mississippi yellow Pine Lumber Company
shall open books OF subs ERUPTION to the stock
Of said company. and when twenty-five
thousand dollars (s25, 000) OF stock shall have
been subscribed and paid in "a meeting OF the
Stockholders shall be called, OF which meet
ing all subscribers shall be notified, and at
which mppttuu tho stnCkhntuprg glult alapf
three directors OF said corporation, who shall
serve as such until the second Monday In
January. 1901.
Article 4. The objects and purposes Of this
corporation are hereby declared to be to
own and operate saw and planning mills, and
manufacture and deal In MI kinds of timber
and lumber, to manufacture and deal In
naval stores and the carrying on ut such
place or places as the Board OF Directors may
select Of u general mercantile business.
Article D. Ihe, corporate powers OF this
corporation shall be vested In a board OF
three directors. each OF whom shall be stock
holders In said company, who shall be elected
by the stockholders within sixty days after
the approval OF this charter. and on the sec
ond Monday In January, 1901, and annually
thereafter on the second Monday in January
OF each year. Elections shall be by ballot,
and each stakeholder shall be entitled to one
vote for each share OF stock held by him, to
be cast by owner or by proxy. The Board Of
Directors NJ their FIRST meeting md annually
thereafter following each election Of stock
holders shall organize by ~electing a Presi-
dent. Vice-Pressdent Secretary and Treas
urer, provided that the offices OF Secretary
and Treasurer may be held by the same per-
son. Vacancies occurring on the Board Of
Directors may be filled by the stockholders
ut nn election TO be held for that purpose On
ten days notice To be given each person Their
holding stock as shown by the books OF said
company. A majority Of the said Board
shall constitute II quorum; said Board OF
Directors may appoint from time TO time,
also dismiss at their pleasure such officers,
agents, clerks and other employees MS they NAV
deenl necessary Tor the purposes Of tho cor
poratiOn; they may establish rs well as alter
aud amend All bylaws, rules and regulations
necessary for the business OF the corporation
IN witness whereof the said incorporators
have hereuntO set their hands this, the day
and year above written.
JOHN U. GRESHAM,
JOSEPH GRESHAM,
GEO. 5. LEATHEkBURY, JR.,
}. w. STONE, JR.
November "a. 1899. 4i-4t