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

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Quoted w h1f1 composed N
seventeen diffffNW ~ he slssttd
from me mfmhsfi ID the efsf meet
iog ~ fhs subscribers ~ the capital
stick ahd ~ fhc ai0ekhoIdefs on the
Grt M0h1ay N Nsg ~ eacb gelf
thereafter Nihe mambffs N the
hoard shall Constitute % quHfum 80
ah} meeting ~ tho ilfeetafs
The 1lfefima. aI elected shall rltff
from lfs membership Go lefya faf
term N one ge1f. PRESIDENT. vice
president. treasurer abd ~ secretary,
provided tHat Che secretary msy be
elected from the body NJ atockh1idefs
u the corporation, In when event
the secretary may not be- member
" the board ~ directors rhat the
treasurer ~ this corporation shall
give a bond IN the penalty u slO, 1000,
signed by surety company, of by 10.
diyiduaF, said bond 10 be approved
by the board " directors.
Section 3 a stockholders meeting
shall he held the nrst Monday " May,
each year, ten days notice Of which
meeting shall be given by publication
In a public newspaper published IN
the domicile OF the company, and
special meetings u the stockholders
may be called at any time by the
president upon the request q three
directors, upon giving written notice
properly mailed i've days before such
meeting, giving time and place OF
meeting. Directors meetings may be
held at any time by call OF the presi.
dent
Section a. Salaries OF officers and
committees created by IL shall be
fixed by the board Of directors, pro
vlded that no officer or committee OF
this corporation shall receive any sal
AIRY until such time as the COMPANY
shall develop some mineral product
on It's holdings, and such salary 81
salaries shall be previously fixed anf
stated, No monies shall be paid from
the treasury OF the company unles,
the order Is signed by the secretar,
and countersigned by the presidDet.
Section 5 Vacancies on the board o
directors may be lied by election o
! serving board Of directors, same Il
hold Office until the next regular cleo
tlon OF directors
Section 6. The charter OF the corpo
ration may be amended by three
9 fourths M vote Of the capital stock
r and its bylaws can be amended i
! changed by the same vote
MEETING OF DIRECTORS.
, Immediately following the share
: holders meeting the newly. electe
board OF directors were called tt
0 gether and the permanent organic
!. tion perfected in detail
i The entire membership OF the boar
was present The election OF officer
: resulted as follows;
II. A, Farnsworth, president: j
A Chinn, vice-president; j H. Watt,
T. secretary, Frank II. Lewis, treasure
A boring committee, Ia have actiy
= charge OF the work on the field, wa
o named as follows. r. a, Farnswortl
! chairman; George II. Thompson an
o. II de Lamorton
A finance committee was create
and named, consisting OF the pres
(. dent, vice president, secretary aud .
= w link and Edmond J Jane.
Tie real pstnlp ar the com M n
u consisting OF 1862 acres Of land q
s Laine, under the temporary organic,
If ton, was held by Treasurer Lewis .
trustee, The board OF directors al
thorized Mr.. Lewis, as such truste,
D. 10 transfer by deed to the Pascagoul
n Development Company this real estai
holding
al The directors then adjourned,