The Chronicle-star combined with the Moss Point advertiser., 1946-08-09

CHARTER OF INcoRPoRATIoN
CREST BRoADcAsTING COMPANY.
PAsCAGoULA, MISSISSIPPI
Filed July "a, 1916
STATE OF MISSISSIPPI
Office of
SECRETARY OF STATE
Jackson
I. Walker Wood. Secretary of State
of the State of Mississippi. do hereby
certify that the within and attached
is a true and correct copy of TIE
CHARTER OF INCORPORATION OF
CREST 3ROADCASTING COMPANY,
cooRPoRATfoN. AND AL AMEND.
MENTS THERETO. AS SAME AP-
PEARS OF RECORD IN RECORD OF
CHARTERS. BOOK NUMBER 4s,47.
RECORDS IN THIS OFFICE. the orig
inal of which is now a matter of rec
ord in this office.
Given under my hand and the Great
Seal of the State of Mississippi. THIS
he Sist day Of WY A. AR p Wd Isa5.
Secretary of State.
THE CHARTER OF INCORPORATION
OF
CREST BROADcASTfNG COMPANY.
INCORPORATED
/. The corporate title of said COM
pany is Crest Broadcasting Company.
INCORPORATED.
2. The names of the incorporates
+. t. Justice. Postoffce. Pascagoula.
E. II. Craven. Postoffice. Pascagoula,
Mississippi
w. r. Guest, Jr.. Postoffice. Pasca-
goula. Mississippi
3 The domicile is at Paseasouia'
4. Amount of capital stock and par
ticulars as to class or classes thereof:
The amount of authorized capital
stock shall be thirty thoueand dollar,
1880. OOO), consisting of six thousand
shares 10000 of stock. subdivided into
two classes. common and preferred
There shall be five thousand shares
IL 000) of common stock of one dollar
Isl OO) per value per share, and one
OF twenty-five dollars fs25 00l per value
per share. Dividends on common
stock shall he as declared annually
nv the board of directors. Preferred
stock shall be six percent t6asl non
cumulative. payable annually. or as
determined by the directors. Preferred
stock shall be subject to redemption
and caiIable al tWenty-seVen dollars
and fifty cents f27 .50l per snare plus
accrued ~dividents. at any time and IN
my amount or lot that the directors
NAV frcm time 10 time designate.
Each share OF each class shall have
one vote Preferred stock shall re-
ceiVe preference rs TO dividends and
in the event of sale or liquidation Of
the assets of the corporation shall
receive preference after payment of
an obligations other than to stock
holders as such. but only up to an
amount equal TO the amount that pre-.
ferred stock would have received had
IL been redeemed at that time. The
balance Of the sale or liquidation pro-
ceeds 70 be divided among common
stockholders in proportion TO their
holdings. Dividends in full for any
year must be declared on preferred
before dividends a be deciar-
ed on common stock. All preferred
stock must be redeemed before any
dividend on common stock IN excess
Of 1879 in any n year can De de
clared.
and PAL value thereof: 1000 shares
Preferred Stock al a par value OF
e95. 90 per share; 5000 shares Common
Stock at q par value Of s0O per
share.
exceed fifty years. IS Fifty Years.
7. The purpose for which II is Great
cd: The purpose for which this cor
ooration is created includes the fol-
lowing, together with all other pri~
vileges and rights moi contrary TO
law: the construction and operation
Of one or more radio or broadcastine
receiving or transmitting stations OF
any kid: the right 70 solicit and dis.
seminste news. entertainment. and
advertising: 10 buv and sell advertts-
ing space or tune; to act as AGENT for
purchase of sale of commodities ard
services. TO print publish. or dupli-
cate any information, neWs. advertts-
ing. pictures. music. o. entertainment
N any manner the riehf 10 buy. own
ell. or mortgage real or personal
property 70 sue OF be sued. prosecute
and be prosecuted. 70 receive iudR-
ment and satisfaction before any