The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1901-07-12
CHARTER OF
POR
OF The
Mcintosh Lumber ComDalV,

BE 1T KNOWN, That on this 2Is,
day of June, 1901 J.J. Mcintosh. +. Col
mer and N. McInnis, by virtue of thu
provisions 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 a cor
poration for the objects and purposes
hereinafter enumerated; and to that enc
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
rs may hereafter become associated with
them, whether by purchase. descent
subscription or otherwise, into a bodv
polite and corporate in law under ths
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.
lst for q term OF fifty (5O) years unless
sooner dissolved by q two-thirds vote of
the stockholders, and may purchaae OF
otherwise acquire, have, hold and cnioy
such real n personal property, not ex-
ceeding IN value or amount the limit
liked by law, as may be required for the
purpose Tor winch this organization is
formed; II shall possess all the rights.
powers and privileges which orpora.
tons under the general laws of the State
OF Mississippi are authorized TO eyer.
else or possess.
ARTICLE SECOND. The domicile of
this corporation shall be at Moss Point.
Jackson County Mississippi.
ARTICLE THIRD. The capital stock of
said corporation shall be twenty thou.
sand dollars ($20, 0OO) with the privilege
OF increasing same to fifty Thousand
dollars ($5O,OO) to be divided into shares
OF 10000 each. When twelve Thousand
dollars ($12,0O0) Of the capital stock has
been subscribed and q per cent of the nh.
scription paid in, said corporation nav
begin business. The balance of said snH.
scription to the capital stock shall he
PAID in at. the call. Of the Directors of
said corporation. -.uN.
ARTICLE FOURTH. The objects and
purposes Of this corporation are hereby
declared to be the manufacture of Inn
Der and timber, and the buying and sci.
ling Of logs, lumber and timber.
ARTICLE FIFTH. The corporate pow.
ers OF this corporation shall be vested in
q BOARD OF three directors, each of whom
snail pc stockholders in said company.
Wn0 snail De elected by the stockholders
A'y uoy dltoT tue 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
stockholder shall be entitled TO one vote
Tor each share of stock held by him tn
oe ~ cast by owner or by proxy.
The Board Of Directors at their frst
meeting and annually thereafter. follow.
ing q election of stockholders. shall
organize by electing q President. Vice.
PRESIDENT, Secretary and Treasurer. nro.
,ytded that the offices of Secretary ma
treasurer may be held by the same Der.
son. vacancies occurring on the Roar
OF directors may be filed by the stocL.
holders at an election held for that nmr.
pose on ten days notice to. be given 70
each person then holding stock rs shown
by the books Of said COMPANY. a mni
Jority OF said Board shall constitnte =
quorum said Board OF. Directors shall
nave full control and charge of the hus;.
ness and management of the affairs -,
w company subject to the restrictions
jaws VI the
In witness whereof the said cornoro
tpIs nave hereunto set their hands this
inc day and year above written.
J.J. MCINTOSH.
+. COLMER, L
N. MCINNIS,
June %, 1901. o.u