The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1901-12-27

CHARTER OF
INCORPORATION
OF THE
Donovan Manufacturing Company
BE 1T KNOWN, That on this, the
| day in the Year of Our

BE IT KNOWN, That on this, the
day of----,i in the Year of Our
Lord, Nineteen Hundred and
(l9O j. o. Acree, W. NJ. Donovan and
w. G. O'Neal, by virtue of the pro-
visions Of Chapter twenty-five (25l OF
the Annotated Code of the State Of Mis-
sissippi and the acts amendatory there
of, do hereby organize and found cor
poration for the objects and purposes
hereinafter enumerated and to that
end and purpose, they do by these
presents, with the approval Of the Gov
ernor of the State of Mississippi, form
and constitute themselves and all other
such persons as may hereafter become
associated with them, whether by pur-
chase, descent, subscription or other
wise into body polite and corporate
in law under the following articles of
the Charter of the said Corporation,
| to-wit:
ARTICLE ONE. The name and style
OF this corporation shall be "THE
DONOVAN MANUFACTURING COM
| exist for period of fifty (50) years
from the date of the approval of
this Charter unless sooner dissolved
| by the vote and approval Of three
fourths of its stockholders; and may
purchase, or otherwise acquire, have,
hold and enjoy such real and per-
| sOnal property, not exceeding in value
or amount the limit fixed by law, as
may be required for the purpose for
which this organization is formed; and
shall possess all the rights, powers and
privileges which Corporations under
the general laws of the State of Missis-
sippi are authorized to exercise or pos
sess.
ARTICLE Two. The domicile Of this
Corporation shall be at Donovan, in
Jackson county, Mississippi.
ARTICLE THREE. The capital stock
of this Corporation is hereby fixed at
forty thousand dollars ($40,000), to be
divided into shares Of one hundred dol
lars ($l00) each. All of said stock shall
be fully subscribed and paid in, in full
before business is begun.
ARTICLE Four. The objects and pur-
poses of this Corporation are hereby
declared to be the manufacture of lum-
ber and timber and naval stores; the
buying and selling of logs, lumber, tim.
ber, lands and naval stores; building
and operating Il logging road, and the
carrying on at such place or places as
the Board of Directors may select, of a
general merchandise business.
ARTICLE FIVE. The corporate powers
of this Corporation shall be vested in a
board of three directors, each Of whom
shall be stockholders in said Corpora
ton, who shall be elected by the stock
holders within sixty (6O) days after the
approval of this Charter, and on the
first Monday in February 1903 and an
nually thereafter on the First Monday
in February of each year. Elections
shall be by ballot, and each stakeholder
shall be entitled to one vote for each
| ICt rs L. l. al h,,l Ia, 20 l,,Nn
owner or by proxy. The Board of Di-
rectors at there first meeting, and an
nually thereafter following each elec-
ton of stockholders shall organize by
electing president, vice-president, Sec
retarv and treasurer, provided that the
Office of secretary and treasurer may be
held by the same person. Vacancies Oc-
curing on the Board of Directors may
be filled by the stockholders at an
election held for that purpose on ten
days notice to be given each person then
holding stock as shown by the books OF
said Corporation. A majority of said
Board shall constitute quorum; said
Board of Directors may appoint from
pleasure such officers, clerks and other
employees as they may deem necessary
for the purpose of the Corporations they
may establish as well as alter and
amend all bylaws, rules and regula
tions not contrary to law, necessary and
proper for the business Of the Corpora
ton, and may also use corporate seal
All Indebtedness by or to the Corpora
tion, shall be made payable in any lega
tender money of the United States.
IN WITNESS WHEREOF, The said in
corpOrators have set their hands ant
seals the day and year first above men
toned.
/ J.O. AGREE.
w. M. DONOVAN,
w. G. O'NEAL.
December q, 1901. 4'-4t