The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1901-07-05
OF
INCORPORATION
OF The
Mcintosh Lumber Company.

BE IT KNOWN, That on this 2lst
day of June, 1901 j.. J. Mcintosh, +. Col
mer and n. McInnis, by virtue of the
provisions of Chapter twenty-five (25) of
the annotated Code of the State of Mis-
sissippi, and the acts amendatory there
of, do hereby organize and found a 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 Governor of the
State of Mississippi form and constitute
| themselves and all such other persons
as may hereafter become associated with
them, whether by purchase, descent,
subscription or otherwise, into a body
polite and corporate in law under the
following articles of the Charter of the
said Corporation, to-wit:
ARTICLE FIRST. The name of said
corporation shall be the Mcintosh Lum-
Der Company and in that name shall ex-
ist for a term of fifty COY years unless
ooner dissolved by a two-thirds vote of
the stockholders, and may purchaae or
otherwise acquire, have, hold and enjoy
such real and personal property, not eX-
ceeding 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 corpora
tons under the general laws of the State
of Mississippi are authorized to eXer-
else or possess.
ARTICLE SECOND. The domicile of
this corporation shall he at Moss Point,
Jackson County Mississippi.
ARTICLE THIRD. The capital stock of
said corporation shall be twenty thou
sand dollars ($20,000) with the privilege
of increasing same to fifty thousand
dollars (S50,0O0) to be divided into shares
OF $4,000 each. When twelve thousand
dollars ($l2,0OO) Of the capital stock has
been subscribed and IS per cent of the sub
scription paid in, said corporation may
begin business. The balance of said sub
scription to the capital stock shall be
paid in at the call of the Directors of
said corporation.
ARTICLE FOURTH. The objects and
purposes of this corporation are hereby
declared to be the manufacture of lum-
Der and timber, and the buying and sell
ling of logs, lumber and timber.
ARTICLE FIFTH. The corporate pow
ers OF this corporation shall be vested in
a board of three directors, each of whom
shall be stockholders in said company,
who shall be elected by the STOCKHOLDERS
within sixty day after the approval of
this charter, and on the first Wednesday
in July, 1902, and annually thereafter on
the first Wednesday in July of each wear,
Election 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 at their first
meeting and annually thereafter, follow.
ing each election of stockholders, shall
organize by electing a President, Vice.
President, Secretary and Treasurer, pro-
vided 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 stock
holders at an election held for that pur-
pose on ten days notice to be given to
each person then holding stock as shown
by the books of said Company. A ma
jority of said Board shall constitute n
quorum said Board OF Directors shall
have full control and charge OF the bust
ness and management of the affairs of
the Company subject to the restrictions
of this charter and the bylaws Of the
corporation.
In witness whereof the said
tors have hereunto set their hands this
the day and year above written.
J.J. MCINTOSH,
+. COLMER,
N. MCINNIS.
June q, 1901. 2O-it