The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1902-01-03
THE CHARTER OF
INCORPORATION
OF
THE &c. LUMBER COMPANY

SECTION ONE. BE it known that G..
K. McVicar, j. NJ. Kennedy, j. A. Rich
ardson, e. H. Porter, Joseph Grisham,
f. b. Brown, and such others as may be
hereafter associated with them, their
successors and assigns, are hereby made
and constituted q body polite and cor
porate under and by virtue OF Chapter
q OF the Annotated Code of Mississippi,
Of 1892 and the acts in addition to and
amendatory thereof.
SECTION Two. The name and style Of
the corporation hereby created shall be
"THE K..C. LUMBER COMPANY"
and under such name and style this cor
poratiOn may exist for q period OF fifty
prevail of this charter by the Governor,
unless SOONER dissolved by q vote of not
less than three-fonrths of the stock.
SECTION THREE. The domicile Of this
corporation shall be at or near Lucedale,
In the County OF Jackson or in the
County of Greene, State of Mississippi,
at q point to be selected; but the stock
holders may change the domicile to any
other point in Mississippi, IL deemed
proper.
SECTION Four. The objects and 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 such
mercantile business as may be deemed
essential In connection with its other
business, to acquire by purchase or
otherwise. and haye, hold. enjoy and
dispose OF such lands and timber rights
a. may be deemed proper in the conduc-
to acquire or build, own, equip and
maintain such tram-ways and private
rail ways as may be found necessary in
its logging and lumber business, to con-
duct such farms and raise such live
stock q 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 rosin
In all of its forms, carry on a turpentine
business, and manufacture charcoal;
and said corporation may do any or ali
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
OovopO Vuu HCIeoi|ut piopcIty ~ iuuy u6
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 apd laws Of the State
OF Mississippi.
SECTION SIX. The capital stock OF
this corporation shall be one hundred
thousand dollars $4,000 0 .D0,) to be
divided into ope thousand shares of one
hundred dollars (Nl00.OO) each, but 1t
may begin business when fifty thousand
dollars ($50,0O0.O0) Of such amount shall
Lave been subscribed for and paid in.
SECTION SEVEN. This corporation
may establish all necessary bylaws,
rules and regulations, not contrary to
law, and In the manner provided there
In, amend or repeal the same at pleasure;
\ may have and use o corporate seal.
SECTION EIGHT. The powers Of this
corporation shall be vested in q board Of
not less than three directors, to be
chosen annually by tho stockholders
from their number and Its officers shall
be o president, vice president, secretary,
treasurer and general manager, the four
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
40 may be deemed proper. No person
not . stockholder shall serve Is director
or officer Of this corporation, and the
dlspositipn Of the stock held BY any
director or officer shall vacste his Office.
The duties Of the officers and the man
IN which the powers hereof can be
exercised may be prescribed In the by
Laws.
SECTION NINE. Each s%tockholder 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
~ proxy, but oil proxies must be in
SEcrioN TEN, No stockholder shall
ne individually liable for the debts Of
snls corporation contracted during his
Ownership OF stock, beyond the amount
OF balance that may remain due or un-
psio Tor stock subscribed for by him,
NLEvnN. The parties inter
esteo may hold their frat meeting for
We purpose Of organising this corpora.
ZION ~ any time after tK6 approval Of
TINS cha!ter by the G~Ovefnor. each
to have had two DAYS notice
q the time and place OF such ineetInr.
THIS charter shall become o~persfiye
and atter the date OF it, epprvyal
An WITN1ss WHxRnoy, the aid IN. \
oorporetQra b4ye hereto set their henas 1
enIe, the 1lth DAY Of December. X'ins