The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1901-12-27
THE CHARTER OF
INCORPORATION
OF
THE &c. LUMBER COMPANY

SECTION ONE. he III kDoWH tHat "
f. McVicar. J. NJ. Kennedy, j. A.. Rich
ardsou, u. ii. Porter, Joseph 'Grlsham,
+. b. Brown, and such others as may be
hereafter associated with them, their
successors and assigns, are hereby made
and constituted a body polite and cor
porate under and by virtue of Chapter
y of the Annotated Code OF Mississippi,
of 1892 and the acts in addition to ana
amendatory thereof. .
SECTION Two. The name and style OF
the corporation hereby created shall De
1.-THE K.-C. LII MBER COMPANY"
and under such name and style this cor
poration may exist for a period OF nfty
years from and after the date of the APP
proval of this charter by the Governor,
unless sooner dissolved by a vote OF not
less than three-fourths Of the stock:
SECTION THREE. The domicile oil inns
corporation shall be at or near Lucedaie,
in the County OF jackson or IN the
County of Greene, State OF Mississippi
at a point to be selected; but the STOCK
holders may change the domiclle 10 any,
other point in Mississippi, II oeeiheu
proper. .
SECTION Four. The objects n pur-
| poses of this corporation are, to own
and operate saw and planning mills, to
engage in the purchase, manufacture
and sale of lumber, to conduct sucn
| mercantile business as may be deemeu
essential in connection with us otner
| business, to acquire by purchase or
| otherwise, and have, hold, enjoy ana
| dispose of such lands and timber rights
| as may be deemed proper III the q
| ton of its manufacturing enterprises,
to acquire or build, own, equip n
maintain such tram-ways and private
railways as may be found necessary in
its logging and lumber business, to con-
duet such farms and raise such live
stock as may be regarded as advan-
tageous to the corporation IN Its lumber
and other business, to manufacture such
implements and utensils, composed IN
whole or principally of wood, as are
used in commerce, and to engage IN the
distilation of wood, saw-dust and rosln
in all of its forms, carry on a turpentine
business, and manufacture charcoal;
and said corporation may do any or all
of the aforesaid things and is vested
with all the powers necessary to the
successful execution of its said objects
and purposes.
SECTION FIVE. This corporation may
acquire, by purchase or otherwise, and
have, hold, enjoy and ALLEVIATE such real
estate and personal property as may be
deemed. necessary to its successful oper.
alton, not to exceed in value the limit
fixed by law and shall have and possess
all the rights, powers and privileges
conferred on corporations generally by
the constitution and laws of the State
of Mississippi.
SECTION SIX. The capital stock of
this corporation shall be one hundred
thousand dollars ($l00, 0OO.W,) to be
divided into n thousand shares of one
hundred dollars (Sl00.00) each; but it
may begin business when fifty thousand
dollars $50, 200. 00) of such amount shall
have been subscribed for and paid in.
SECTION SEVEN. This corporation
may establish all necessary bylaws,
rules and regulations, not contrary tC
law, and in the manner provided there.
in, amend or repeal the same at pleasure
and may have and use a corporate seal
SECTION EIGHT. The powers of this
corporation shall be vested in a board OF
not less than three directors, to bt
chosen annually by the stockholders
from their number; and its officers shall
be a president, vice president, secretary
treasurer and general manager, the fOul
former to be chosen by the directors
from their number, the general manager
to be chosen by the directors from their
number or from the stockholders, and
such other agents, clerks and employees
as may be deemed proper. No person
not a stakeholder shall serve as director
or officer of this corporation, and the
disposition of the stock held by any
director or officer shall vacate his Office,
The duties of the officers and the man.
mel in which the powers hereof can be
exercised may be prescribed in the by.
laws.
SECTION NINE. Each stakeholder in
this corporation shall be entitled to one
vote for each share of stock held by him
to be cast by the owner of the stock OF
by proxy, but all proxies must be in
writing.
SECTION TEN. No stakeholder shall
be individually liable for the debts Of
this corporation contracted during his
ownership of stock, beyond the amount
of balance that may remain due or un
paid for stock subscribed for by him.
SECTION ELEVEN. The parties inter
ested may hold their first meeting fol
the purpose of organizing this corpora
ton at any time after the approval o.
this charter by the Governor, eacf
stakeholder to have had two days notice
OF the time and place of such meeting
This charter shall become operative
from and after the date of its approva
by the Governor.
In WITNESS WHEREOF, the said in
corporators have hereto set their hands
this, the 18th day of December, A. d.
1901. Il. r. MCVICAR,
J. M. KENNEDY.
DVEII ID nSnN