The sea coast echo., 1906-02-24
ARTICLES OF INCORPORATION or THE
SOUTHERN PECAN PE1NfHfzON
COMPANY.

Section 7. Be 1t known by this Act OF Incor-
poration that c. l. Corvin, Leland y. henoerson'
Chester ". Brown and their associates, success
sors and assigns are hereby created BODY cor
porste under the name and style OF the southern
Pecan Plantation Company. which ssia cospola1 s,1
term OF fifty years, and under It's name may sue
and be sued, and shall have and enjoy all ana
singular the rights, privileges and immunities
granted to CORPORATIONS under and bv virtue
Chapter 25 OF the Revised Code OF i6es
Sec 2 The donicfle OF said corporation Is
hereby fixed at Bay st Louis, Ia the state OF
Mississippi
Sec 3 The purposes for which this corpora
bon is formed are hereby declared to be the
purchase Of real estate the planting cultivation,
Teasing and sale thereof, as well as the general
Improvement thereof.
Sec.4. The capital stock Of this corporation
% hereby fixed at Fifty Thousand $50 y0oN Dol
lars, divided into Five Thousand 5000 shares OF
Ten $50 Dollars each, and the said corporation
% authorized to commence business when One
Thousand (l0o0 shares OF stock shall have been
Subscribed. The capital stock may be increased
s 70 a1s S99 Hcr po.rs n eroyd.a suah
sncrease be authorized by a vote OF the majority
~ the stock then outstanding
Sec.B. The business and affairs OF this corpo
sekon shall be managed By board OF three Cd
directors of whom two shall constitute Q quo
xum and who shall be selected annually from
among the stockholders and who shall elect an
s;ceprsssep. nG % ans ns sscretsry and treasufer
who shall constitute the offcers OF said corpo-
ration; and the once OF secretary and the Of
noe OF treasurer may be combined IN the same
person by order Of the board.
Sec 9. In order to carry out the purposes
for which this corporation is formed, lt snail
have the right to purchase, own and nold real
estate not to exceed in value the sum OF Two
Hundred Thousand (S20o,090) Dollars, to sell,
convey, lease. cultivate and plant the same, and,
alss, the right 70 improve the same generally.
The enumeration Of any rights and privileges
Ia this corporation shall not be understood or
taken a waiver or exclusion OF other rights
-frr rrfaf llxrc
der and by virtue OF Chapter 25 of the Revised
Code Of Mississippi Of 1892, and secured to this
corporation by section thereof
Section 7. The first board Of directors of this
corporation is hereby declared to be c. L. Cor
win, Chester w. Brown and Leland j. Hender-
SON with Chester W. Brown as president, G. L.
Corwin as vice president and Leland j: Hender,
son as secretary and treasurer, all or whom shail
hold Office until the first Monday in January, A.
D. 1907, or until iheir successors snail nave Deen
elected and qualified and entered into ONCE.
Sec 8. The annual election for directors shall
be held in the office of the company on the third
Monday in January OF each year, of which cleo
tion ten 40 days prior notice shall be given TO
the stockholders by a written communication
sent by the secretary TO each stockholder, or by
publication.
Sec 9. All elections shall be held by ballot,
and all vacancies occurring in the board OF direc-
tors, either by death, resignation, or otherwise
shall be filed by the remaining directors by cleo
tion from among the stockholders Of person
having the necessary qualifications to act.
SeC. ~. ms ACt OIL incorporation may De
amended modified changed or the corpora
non dissolved by a vote Of three-fOurths OF the
stock represented at a general meeting OF the
stockholders convened for that purpose after
thirty days written notice shall have been mailed
to each stockholder by the secretary, or by pub
Lcation Of said notice.
Sec. 10. No stockholder of this corporation
shall ever be held liable or responsible for the
contracts or defaults thereof in any further sum
shan the unpaid balance due the company on
she shares owned by him or her, nor shall any
mere foTmality in organization have the effect
OF rendering this charter null or OF exposing
stockholder to any liability beyond the unpaid
balance, if any, of his stock. The organization of
this corporation may be completed by the corpo-
rators, or a majority of them, after the publica
tion and approval of this charter as required by
law, by meeting at the office Of this corpora
0on in Bay st. Louis, Hancock County, Missts-
sippi, on Tuesday, the third day of April, 1906.
1t shall be lawful for any corporator to be pres
snt in person or by proxy, and in the event OF
failure to organize as herein provided, the or
ganizaton meeting may be called in accordance
with the provision in Chapter % Of the Revised
Code of 1892.
LELAND HENDERSON.