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

Section : Be It known by this Act of Incor
poration that G. l. Corwin, Leland j. HENDERSON
Chester W. Brown and their associates success
sors and assigns are hereby created DOoy cor
porate under the name and style OF the Sootnerr
Pecan Plantation Company, which said corpora
ton shall have and enjoy succession Tor the 1uL
term OF nfty years ana pnaer s It's anoy nIy a and
singular the rights privileges and immunities
granted to corporations under and bv virtue
Chapter 25 OF the Revised Code or l8gZ
Sec q The domicile OF said corporation Is
hereby fixed at Bay st Louis, in the State OF
Mississippi.
Sec. g. The purposes for which this corpora
ton is formed are hereby declared TO be the
purchase OF real estate, the planting, cultivation
leasing and sale thereof, as well as the general
Improvement thereof.
Sec. 4. The capital stock OF this corporation
is hereby fixed at Fifty Thousand & IsS) 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 1000 shares OF stock shall have been
subscribed. The capital stock may be increased
At any time to any sum not to exceed TWO Hun
dred Thousand $500 000) Dollars provided such
increase be authorized by vote OF the majority
OF the stock then outstanding
Sec. 5. The business and affairs Of this corpo-
ration shall be managed by board OF three 90
directors, Of whom two shall constitute quo
rum and who shall be selected annually from
among the stockholders and who shall elect an
nually from among their number president,
v.ce-president, and q secretary and treasurer
ration; and the once OF secretary and the Of
flee 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 right to purchase, own and hold real
estate not to exceed in value the sum or TWO
Hundred Thousand $500 09O) 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
In this corporation shall not be understood or
taken as a waiver or exclusion OF other rights
and privileges which it may rightfully enjoy uns
der and by virtue of Chapter 26 Of the Revised
Code OF Mississippi of 1892 and secured to this
corporation by section thereof.
Section Z. The first board Of directors Of this
corporation is hereby declared to be G. l.. Cor
win Chester w Brown and Leland J. Hender-
Corwln as vice president and Leland j. Hender.
son secretary and treasurer all or whom snail
hold ONCE until the first Monday in January, A.
d. 1857, or until their successors shall have been
elected and qualified and entered into off1oe.
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, or which cleo
ton ten 40 days prior notice shall be given to
the stockholders by a written communication
sent by the secretary TO each stockhoiderr or by
publication.
Sec. 0. 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 elec-
tion 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
ton 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 stockholdor by the secretary. or by pub
1cation of said notice.
Sec. 10. No stockholder Of this oorporation
shall ever be held liable or respehslbie for the
epRtfeets or defaults thereof in any further sum
than the unpaid balance due the company OF
the shares owned by him or her, nor shall any
mere formality in organization have the effect
OF rendering this charter null or of exposing
stockhoIder to any liability beyond the unpaid
balance, IL any, OF his stock. The organization OF
this corporation may be completed by the corpo=
Fators, or majority OF them, after the publica:
tion and approved Of this charter as required by
law, by meeting at the offloe OF this ooEpara-
ton in Bay St Louis, Hancock County, Missts-
sippi, on Tuesday. the third day OF April, 1906.
It shall be lawful for any corporator to be pres
ent in person or by proxy, and in. the event of
failrre to organize as herein provided, the or
ganization meeting may be called In accordance
with the provision In Chapter Is of the Revised
Code Of 1892.
LELAND HENDERSON.
CHESTER W. BROWN.