The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-03-31
ARTICLES OF INCORPORATION OF THE
SOUTHERN PECAN PLANTATION
COMPANY.

Section Be It known by this Act Of Incor-
p1ratiOn that G. L. COrwin, Leland }. Henderson,
Chester W. Brown and their associates, success
sors and assigns are hereby created a body cor
oorate under the name and style of the Sonthern
Pecan Plantation Company, which SAID corpora
ton shall have and enjoy succession Ior tue Iutl
term of fifty years, and under its name may sue
and be sued, and shall have and enjoy all and
singular the rights, privileges and immunltles
granted to corporations under and bv virtue o
Chapter % Of the Revised Code of 1892
Sec . The domicile Of said corporation IS
hereby fixed at Bay st Louis, in the State OF
~ Sec. B. The purposes for which this corpora
lion is formed are hereby declared to be the
purchase of real estate the planting, cultivation
leasing and sale thereof, well as the general
See. 1. The capital stock of this corporation
i hereby fixed at Fifty Thousand (S5 900 Dol
lars. divided into Five Thousand (50e0 shares OF
Ten (Sl0} 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 be increased
at anv time to any sum not to exceed Two Hun
dred Thousand (52)0001) Dollars provided such
increase be authorized by vote or the majority
OF the stock then outstanding.
see ). The business and affairs OF TINS corpo-
ration shall be managed by a board OF three (5)
directors. of whom two shall constitute quo
rHm and who shall be selected annually from
among the stockholders and who shall elect an
nually from among their number a preslaenI'
,-tre-Oresident, and secretary aud treasurer,
VINO snail constitute the officers of said cOrpo-
ration; and the Office OF secretary and the Of
| of treasurer may De cOulblil6u III INC
person by order of the board.
Sec. g. In order to carry out the purposes
| for which this corporation is formed, 1t snail
! have the right to purchase, own and hold real
estate not to exceed in value the sum of Two
| Hundred Thousand (S20),090) 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 rlghtfully ENJOY un-
! der and BIZ virtue of Chapter % 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-
| son, with Chester W: Brown as president, e. l..
! Coryin as vice president and Leland j. Hender,
son as secretary and treasurer, all of whom shall
| hold oflce until the first Monday in January A.
D. 1884, 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
Monda in January OF each year, OF Wnlcn eleoe
ton ten 10) days prior notice shall be given to
the stockholders by written co nmunlcation
sent by the secretary TO each stockholder or by
Sec. 8, All elections shall be held by ballot,
and ali vacancies occurring in the board Of drec-
tors, either by death, resignation, or otherwise,
shall be filed by the remaining directors by eloc=
ton from among the stockholdefs or 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 stockholder by the secretary. or by pub
lication Of said notice.
Sec. 10. No stakeholder Of this corporation
shall ever he 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 formally in organization have the effect
of rendering this charter null or OF exposing a
stoakAoider 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-
ton and approval of this charter as required by
law, BY meeting at the once oT TINS corpora
sippi. on Tuesday, the third day of April, 1905
It Shall be lawful for agy oorporator to be pres
ent in person or by proxy, and in the event OF
faipre 70 organize as herein provided, the or
ganization meeting may be called in accordance
with the provision in Chapter 25 Of the Revised
Code of 1892,
LELAND J HENDERSON.
| CHESTER W. BROWN.
4 e