The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-02-17

Soct.or J. ne /. l-low0 by th,s Act Of Incor-
pg,rati,- HAT q 7. t'lIv in, Leland J. Henderson
Chester y. fr0Wn ard the'T associates. success
sor5 asd assigns are hereby created body cor
pOratt under the name and style OF the southern
Pecan Plantation Company, which said corpora
ton she'll hav" and oEi7y succession for the full
term % 't:U yse -, 3'.C under its name may sue
and be sued and shall have ard enjoy all and
sinRulst tie rights privileges and immunities
granted to corporations under and by virtue
Chapter - Of the Revised Code of 1892.
Sec = The domicile of said corporation is
hereby fixed at Bay st Louis, IN the State OF
Mississippi.
Sec 3. The purposes for which this corpora
tiOn 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 l. The capital stock of this corporation
is hereby fixed at Fifty Thousand (S5 600 Dol
lars, divided into Five Thousand 5000 shares OF
Ten $50 Dollars each, and the said corporation
Is authorized to commence business when one
Thousand tl0O0f shares Of stock shall have been
subscribed. The capital stock may be increased
at any time 20 any sum not to exceed Two Hun
dred Thousand la20o01l Dollars provided such
increase be authorized by a vote OF the majority
of the stock then outstanding.
Sec. ). The business and affairs Of this corpo-
ration shall be managed by board of three (3)
directors, Of whom two shall constitute a quo
rum and who shall be selected annually from
among the stockholders and who shall elect an
nually from among their number president,
vice president and a secretary and treasurer,
who shall constitute the officers Of said corpo-
ration; and the office Of secretary and the Of
flee OF treasurer may be combined in the same
person by order Of the board.
Sec. 8. In order to carry out the purposes
for which this corporation is formed, it shall
have the right to purchase, own and hold real
estate not to exceed I'm yal.e the sum of Two
Enndrad Thousand 5000 09M Dollars to sell
convey, lease. cultivate and plant the same, and
also, the right to improve the same generally.
The, enumeration of any rights and privileges
taken a waiver or exclusion of other rights
and privileges which it may rghtfully enjoy un-
der and by virtue of Chapter % OF the Revised
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, c. L.
Corwin vice president and Leland j. Hender
son as secretary and treasurer, all OF whom shall
hold office until the first Monday in January, A.
d. 1907, or until their successors shall have been
elected and qualified and entered into office.
Sec. s. 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 10) days prior notice shall be given to
the st3esh2ilers by a written communication
sent by the secretary TO each stockholder' or by
publication.
Sec. 9. All elections shall he held by ballot
and all vacancies occurring the board of direc
tors, either by death, resign ion, or otherwise,
shall be filed by the remaini directors by cleo
tion from among the stock )Iders of person
having the necessary qualif i ions to act.
Sec 10 This Act OF Incorporation may be
amended, modified or Chan.ad. or the corpora
LiOn 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 wTii ten 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 default7 thereof in any further sum
than tae an, aid balance due the company OF
the shares owned bv him on her, nor SHAH any