The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-06
CHARTERS.
ACT OF INCORPORATION
DIME PECAN COMPANY. lNtoR-
plPATED

sand nine hundred and seventeen ON
and Of the Independence OF the H'te'
States OF America, the one hnndfeu d"
f,rty-ScCond, bcfIrc me, Joseph SINAI,
| notary public, duly commissioned and sworn
in and for the parish Of Orleans, State o
Louisiana, and therein residing, PERSONAL
came and appeared the persons whose name
| are hereuntO subscribed, who declared ina
| availIng themselves Of the provisions OF m
| laws of this STATE relative 20 orgdnizdiio '
OF corporations. and more particularly 20 Ao
| 2t7 OF the General Assembly Of TINS State
| approved July 9th, 1914, they nave COvendntc'
| and agreed, and do by these presents, cove
nant and agree, bind, form and constitute
| themselves, as we'll as such persons wh
may hereafter join. or become assoeiaies
| with rhem into a corporation and body pol
itic in law for the objects and purposes ans
| under the agreements and stIpulatlons iol
lowing, tC-wit:
Article The name and style Of this cor
| poratIon shall be the Dixie Pecan Com
pany, Incorporated" and under that name
| il shall have and enjoy all the rights, adj
| vantages and privileges granted by law u
! corporations; il shall exist Tor the period o.
| ninety nine (y9) years from this date; II
| shall have the power 10 contract, sue and be
| sued IN its corporate name; to make and
| use corporate seal, and the same 10 break
| or alter At pleasure; 10 hold, receive, pur'
| chase, convey, mortgage. hyPothcCdte OF
! pledge property, both real and personal; &
| issue bonds, notes and other obligations o'
| negotiable instruments; 10 have and employ
| such managers, directors. officers, agents and
| other employees the interest and conve-
| nienCe Of said corporation may require, or
| demand; to make and establish such by
| laws, rules and regulations for the corporate
management and control Of the affairs Of the
CORPORATION As nav be deemed necessary and
| eNpedlent.
Article 1.-THE dpmicilc OF this corpora
ZION shall be - the City Of New Orleans.
State Of Louisiana. and all citations and
other legal processes shall be served on the
|
president. and in the absence Of both. on the
secretary
Article HI.-The objects and purposes for
which this corporation :, organized, and the
it are hereby declared t. be, a. follows, TO-
wit:
To buy and sell. deal in on consignment
Or otherwise. groceries: farm product, and
all other object, usually bough; and sold
and dealt in by produce dealer, broker
o- commission merchant:
To manufacture. buy. sell, assemble. lease.
cent. import, exp,r, and generally deal III
all kinds. classes. and descriptions Of ma
cline~y. machines, appliances and acCesso-
res, devices, patented or not, operated by
hand Or powc-. and particularly machines.
machinery, appliances. accessories. and de.
vices. patented or not. for the cracking oi
nuts;
To buy. sell and generally deal in all Of
the various objects upon which said ma
chimes. machinery and or devices will oper.
axe. and 20 engage in such mercantile activ-
tiles and such manufacturing. refining. recti.
wing and distilling processes a. will enable
II 20 dispose Of the products and /o- bv.pro-
duets thereof II every kind and description,
and by whatever process The same can be or
may hereafter Re prodlced
And generally p do every act. matter ny
thing whatever. ;ha. nav be necessary. in.
cdenial. useful Or advisable in the further.
lnce OF said objects and purposes.
Article IN-The cap;ral .rorL ~ This co-.
-,,,,t,.., :; 81 -. II =, -
sand CS50OOnOW dollars divided into I'VE
hundred 500 shares, OF the par value OF one
hundred $4,000 dollar, each All shares
~ stock shall he full paid and non-assessa-
said stock shall he paid for in cash NJ
The same may be issued At not less than
par. for labor done or for services rendered
TO the said corporation, or property or rights
actually received ny said Corporation
No stakeholder shall have the right 20 dis. |
bose " his shares 81; stock until he shall /
have first offered the same % the board OF
directors az its then book value who shall |
have fifteen Q9 DAYS option within which |
20 purchase same No transfer Of stock shall |
Re binding upon the corporation unless made |
upon It's books.
This corporation shall! have the right 70
increase rs capital stock Up 70 the further
S2N@ooo dollars or any part thereof 10
Ne divided into shares OF one hundred (SloO, |
dollars each. provided said increase in the
,apitaI stock snail have been authorized by
he Stockholders at = meeting LeId n,,-s,,,,,,
to the provisions OF this charter.
This corporation shall have and enjoy The
night II purchase shares of stock in Other
corporations, partnerships o- other interests
a. NAV be found necessary. expedient and
xiSable
This corporation shall ne and became
;oing concern when fftv per cent 80 pctD
u rs stock shall, have been subscribed and
'a,d Tor.
Article Val the corporate powers Of this
corporation shall Ne vested +, ,,J ova-,;sI !
y, board of directors composed of not less
han four "a and not more than seven C-l
stockholders. and a majority NJ the direc,ors
hali constitute quorum for the transac.
ron OF all business
The board Of directors herein named shall
lave the power and authority 70 augment IFS
lumber by any addition up 70 the maximum
'umber OF seven members.
Inc directors shall be elected annually. bv
,aiIot, by the stockholders on the first Tues
lay IN August Of each year
each Stocknolder shall be entitled. in per
on or by proxy, 70 vote for every share
wned ny him, and all elections shall he
eld under such rules and regulations as may
e speclhed by the board OF directors after
iteen tlo) days notice of such election shall
lave been sent 10 each stakeholder 4, his
aSt known address.
No failure to elect directors shall be re-
arded as forfeiture OF this charter.
Any vacancy occurring on such hoard shall
e hlled by the remaining directors for the
nexpired term.
Said board Of directors shall. at its first
Meeting after its election, nominate, ont Of