The sea coast echo., 1906-03-24
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 a body cor
oorate under the lame and style or the southern
Pecan Plantation Company, which said corpora
ton shall have and enjoy succession Iof the IuIi
term OF fifty wears, and under its name may sue
and be sued, and shall have and enjoy all ana
singular the rights. privileges and immunltles
granted to corporations under ana oV virtue
Chapter % of the Revised Code OF 1882.
Sec. =. The domicile of said corporation IS
hereby fixed at Bay st Louis, III the state Oh
Sec. 3. The purposes for which this corpora
tiol is formed are hereby declared to be the
purchase Of real estate, the planting cuftlvatlon
leasing and sale thereof, as Well as the generai
improvement thereof.
Sec.4. The capital stock of this corporation
is hereby fixed at Fifty Thousand lS5},oO0l DOL
lars, divided into Five Thousand 5000 shares or
Ten $50 Dollars each, and the said corporation
is authorized to commence business When Ohe
Thousand 1000 shares of stock shall nave oes1 \
su bscribed The capital stock may be Increased
at any time to any sum not to exceed Two hun
dred Thousand (S200,000 Dollars. provided sucn
increase be authorized by vote OF the majority
of the stock then outstanding.
Sec. 5. The business and affairs or TINS corpo-
ration shall be managed by board or three 90
directors of whom two snail constitute quo
rum and who shall be selected annually from
among the stockholders and who shall elect an
nually from among their number president,
and secretary al ana d tfeasE1er cornn
rtion; and the office Of secretary and the OF
| flee of treasurer may be combined in the same
per. on by order OF the board
Sec. g. In order to carry out the purposes
| for which this corporation is formed, II shall
have the right to purchase, own and hold real
estate not to exceed in value the sum OF TWO
| Hundred Thousand (S200,090) Dollars, to sell,
convey lease cultivate and plant the same, and,
also, che right to improve the same geneTaliy
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 rightfully ENJOY un-
der and by virtue of Chapter % OF the Revised
| Code of Mississippi of 1892, and secured to this
corporation by section Thereon. .-
Section 7. The first board OF directors OF this
corporation is hereby declared to be G. l.. Cor
win. Chester w. Brown and Leland ]. Hender-
SON. with Chester W. Brown as president {. l..
Corwin as vice president and Leland j, Hender,
hold office until the first Monday in January, n.
D. 1907, or until their successors shall nave been
elected and qualified and entered into ot1lce. >,
Sec g. The annual election fer directors ShaIl
be held in the office of the company on the thlrd
Monday in January of each year, OF which cleo
| ton ten 10) days prior notce shall De gwen 70
the stockholders by a written communication
selt by the secretary to each stockho1der' or by
publication. .
! Sec g. All elections shall be held by ballot,
and all vacancies occurring in the board of dlrec-
| tors either by death, resignation, or otherWlSe
shall be filed by the remaining directors by cleo
| ton from among the stockholders or person
having the necessary qualifications to act.
Sec. 10. This Act Of Incorporation may be
amended, modified or changed, or the corpora
! tion 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 pup
| 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 Oh
| the shares owned by him on her, nor shall any
mere formality in organization have the effect
of rendering this charter null or of exposing
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
tion and approved Of this charter as required by
law, by a meeting at the office Of this corpora
| ton in Bay st. Louis, Hancock County, Mlssls-
1t shall be lawful for any corporator to be pres
ent in person or by proxy, and in the event of
failpre 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.
CHESTER w. BROWN.