The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1911-05-05

| Inc HhHffuvitcfA ~ tHf fhHfHINult
Development Company met ~ the
courthouse last Monday evening NJ
O'Clock 1920 being represented
either In person " ny proxy Marx
lng the permanent organization NJ
the company, the meeting was the
most important yet held by the share.
holders, and much business was trans
acted. The temporary president and
secretary Of the organization, respec
lively H. y. LinGeld and " Herring,
were chosen 10 these positions for the
meeting
Chairman Linneld read the report
OF the Temporary officers on the work
40 far accomplished, the report iuclud.
Ing set Of bylaws for the govern
ment OF the corporation and several
suggestions and recommendation
The recommendation included q
board OF directors of seventeen men
representing the varied interests and
localities OF the individual share
holders. The report OF the temporary
Officers and executive committee was
accepted and filed and, upon coDsidera
ton OF the separate recommendations
contained therein, each was In turn
adopted.
The report OF the temporary officers
and executive committee Is rs follows:
| COMMITTEE REPORT.
To the Subscribers Of the Capital
Stock OF the Pascagoula Develop.
ment Company:
Il Your Executive Committee begs
leave to report that,
Following the plan as indicated by
the subscribers OF the Pascagoula De
velopment Company to set In motor
the operations Of development OF TIL,
!. company's holdings and carry out til,
purpose OF the organization, you
committee beRs leave to report tina
: IL has made contract with ID. J
/ Johnson to drill the first well, at
} salary OF 5000 per month, IL ha
rented heavy drilling outfit at s25
per month. 1t has also ordered ne
cessary lumber for the derrick ant
piping deemed sufficient for the Dor
Ing OF the well.
IL expects to have the well rig an,
: pipes on,the ground during the mex
a ten days. In the meantime the der
a rick will be built. Under favoratl
!, conditions matters are arranged S
that drilling should start before tn
a fifteenth OF May.
!, Your committee also reports that
complying with your directions, W
have prepared and framed the set 0
a bylaws for the government OF TIL
"a corporation, herewith submitted "a
~ your consideration.
,ol We also submit the following r,
concentrations for your consideration
"A and action:
"A l.-Having carefully canvassed To
N names Of all the subscribers and wit
N q view of selecting board OF dire,
"A tors who have consented to serve, an
n who, wo believe, will give some {
m their time and attention to the bus
"a ness OF the company, and whose sele,
"a tion IL made with view OF contir
uing the harmony that has marke
l. the progress OF the organization, an
a. solely with the good OF the compan
r at heart, we would suggest the follow
I Ing named subscribers for board {
= directors, and place their names /
nomination, to.wit: II. A. Farnl
\. worth, J. ]. Clark, .. II. de Lamo
!, ton, j. w. Zink, II. Herring, S. Il
ma BuRge, @. II. Thompson, +. II. Levi,
nc Il. J. Jane, II. q. Herring, ]. 1
no | Watts, J.J. Mcintosh, Mcvea Youns
~ R. A. Roberts, George w. Ladnlel
40 J. Il. Chinn and William Megginsot
A. Ain view OF the fact that tn
capital stock has been fully sui
a, scribed and number OF people ha,
A. requested stock, and that more tina
- one well should be bored TO make
40 complete investigation OF this teri
tory, we suggest that the capit,
stock be increased to $4,000.
Respectfully,
THE EXECUTIVE COMMITTEE
BYLAWS SUGGESTED.