The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-03-17
ARTICLES OF INCORPORATION OF THE
SOUTHERN PECAN PLANTATION
COMPANY.

Section I it known by this Act Of Incor-
pOraton that c. L. Cofwin, Leland j. Henderson
Chester w. Brown and their associates, success
aOrs and assigns are hereby created a body cor
porate under the name and style of the Southern
Pecan Plantation Company, which said corpora
ton shall have and enjoy Succession FOR the full
term of fifty We rs and under its name may sue
and be sued, and shall have and enjoy all and
singular the rights, privileges and immunities
granted to corporations under and bV virtue
Chapter p OF the Revised Code OF 1892.
Sec 2 The domicile of said corporation is
hereby fixed at Bay st Louis, in the State of
Mississippi
tion is formed are hereby declared to be the
purchase Of real estate the planting, cultivation
leasing and sale thereof aS well as the general
Sec, 4, The capital stock of this corporation
is hereby fixed at Fifty Thousand $50 ,000 Dol
lars divided into Five Thousand (50e0) shares of
Ten $50 Dollars each, and the said corporation
is authorized to commence business when One
Thousand $1,000 shares of stock shall have been
subscribed The capital STOCK may De increased i3
at any time to any sum not to exceed Two Hun,
dred Thousand (S200000l Dollars. provided such
increase be -uthorized by vote Of the majority
of the stock yncn outstanding.
Sec. ). The business and affairs OF this corpo-
ration shall be managed by a board Of three (3)
directors of whom two shall constitute quo
rum and who shall be selected annually from
among the stockholders and who shall elect an
nualy from among their number a president,
v:ce-president. and a secretary aud treasurer,
who shall constitute the officers OF said corpO-
ration: and the office of secretary and the Of
ffce Of treasurer may be combined in the same
person by order of the board.
Sec. 6. In order to carry out the purposes
for which this corporation is formed, it shall
have the rigrt purchase own and hold real
estate not to exceed in value the sum of Two
Hundred Thousand $500 090( Dollars, to sell,
Iconyey, lease, cultivate and plant the same, and
also the right TO improve the same generally
The enumeration OF any rights and privileges
in this corporation shall not be understood or
taken as waiver or exclusion of other rights
and privileges which it may rightfullv enjoy un-
der and by virtue of Chapter "a Of the Revised
Code of Mississippi Of 1892 and secured to this
corporation by 2ectiOn / thereof
Section :. 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, c. l..
CorWin as vice president and Leland J. Hender.
son as secretary and treasurer, all of whom shall
hold Office mt! the frst Monday Ia January, a.
d. 1871, or l I'll lheir successors shall have been
elected and lalted and entered into office.
See. 5. The annual election for directors shall
De held in the 0hlce Of the company on the third
Monday IN January OF each year, OF which cleo
ton ten 40 days prior notice shall be given to
the stockholders by q written communication
sent by the secretary to each stockholder or by
publication.
and all vacanci ; occurring in the board of drec-
tors, either by death, resignation, or otherwise,
shall be filled by the remaining directors by cleo
ton from among the stockholders OF person
having the necessary qualifications to act.
Sec. 10. This Act of Incorporation may be
amended modified or changed, or the corpora
Jion dissolved by 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
lication 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
than the unpaid balance due the company On
the shares owned by him on her, nor shall any
mere foImality in organization nave the elfect
of rendering this charter null or Of exposing
stookholder 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 majority OF them, after the publica-
ton and approval of this charter as required by
law, by meeting at the office Of this corpora r
siDpi on Tuesday, the third day OF April 1906.
1t shall be lawful for any corporator to be pres.
ent in person or by proxy, and in the event OF
failure to organize as herein provided, the or
eanization meeting may be called in accordance
with the provision in Chapter % of the Revised
Code Of 1892.
LELAND T HENDERSON.
CHESTER w. BROWN,
CHARLES L. CORWIN.