The herald., 1917-10-11
ACT OF INCORPORATION
OF DIME PECAN COMPANY, INCOR
pDRATED


sand nine hundred and seventeen G2EJ,
and OF the Independence OF the United
States OF America, the one hundred and
'3riy-second, beiI-e ne, Joseph Sinai j
notary public, duly commis stoned and sworn
N and Tor the parish OF Orleans, State OF
LOUISIANA, and therein residing, personally
came and appeared the persons whose names
are hereunt0 subscribed, who declared that
av-il.ng themselves Of the provisions of the
avs 81 TINS STATE c.st!ye 20 organization
81 corporations, and more particularly 10 Act
lbI Of the General Assembly OF this State
approved July 9th, 1914, they have covenanted
and agreed, and do by these presents, cove
nan: and agree, bind form and constitute
themselves, As well as such persons who
may hereafter join, or become associated
WIN mem, ints q corporation and body pol
tic IN law, tOr the objects and purposes and
under the agreements and siipu!at,ons fol.
loving, tO-v!t:
Article The name and styfe Of this coz.
poraton shall be the Dixie Pecan Com
pany, Incorporated" and under that name,
8: shall have and enjoy all the rights, ad.
van'ases and privileges granted by law 20
corporations, Il shall exist Tor the period OF
nlne;y-nine C99) years from this date; il
shall have the power to contract, sue and be
sued IN It's corporate name; 20 make and
use a corporate seal, and the same 70 break
o. alter az pleasure; 10 hold, receive, pu--
chase, convey, mortgage, hyp0thecate o.
pledge property, both real and personal; -
.>-ue bonds, notes and other obligations or
negotiable instruments; 20 have and employ
Nuch managers, directors, officers, agents and
5.her employees as the interest and Conye-
1ience Vi said corporation may require OF
demand: 70 make and establish such by
avs. rules and regulations for the corporate
management and control Of the affairs OF the
corporation a. may be deemed necessary and
cNpedient.
Article 1.-THE domicile OF this corpora.
non shall be in the City OF New Orleans
State OF Louisiana. and al! citations and
other legal processes shall be served on the
president, or. in his 2bscnce. on the vice
president, and, in the absence OF both, on the
secretary.
Article III.-The objects and purposes for
winch this corporation IS organized. and the
nature OF the business 20 be carried on by
It are hereby declared to be, as fellows, to.
Wit:
To buy and sell, deal in on consignment
'T otherwise. groceries. farm products and
all other objects usually bought and sold
and deal, in by produce dealer, broker,
Or commission merchant;
To manufacture, buy, sell. assemble, lease,
rent. import, export and generally deal in
all kinds, classes, and descriptions Of ma
chinery, machines, appliances ard accesso-
-Ies., devices, patented or not. operated by
hand or power, and particularly nachines
machinery, appliances, accessories, and de-
vices, patented or not, for the cracking of
To buy, sell, and generally deal in all of
the various objects upon which said ma.
chimes machinery and /or devices will oper-
ate, and 10 engage in such mercantile activ-
ties and such manufacturing, refining, recti.
lying and dIstIlling processes as will enable
II 20 dispose Of the products and fo- by-pro.
ducts thereof Of every kind and description
, and by whatever process the same can be OF
may hereafter be produced;
And, generally to do every act, matter OF
| ming whatever, that may be necessary in.
c'dental, useful advisable in the further
ance OF said objects and purposes.
Article lN.-The capital stock of this cor
?oration is fixed at the sum Of fifty thou
! hundred 800 shares, Of the par value of on,
| hundred (Sl00OO dollars each All share.
II stock shall be full paid and non-assessa
Said stock shall be paid for !, rash .,
| the same may he issued. a; not less thar
| par, for labor done or for services rendered
| TO the said corporation, or property or right
| actually received by said corporation.
No stockhoder shall have the right to dis
| pose OF his shares Of stock until he shall
| have first offered the same 20 the board O
| directors al its then book value who shaI
| nave htteen 0S DAVIS option within whicl
20 purchase same. No transfer of stock shall
We binding upon the corporation unless mad
upon its books.
! This corporation shall have the right {.
! increase It's capital stock up to the fur.he
sum Of two hundred and fifty thousan,
J ES,onW, dollars, or any par, thereof. /,
|
/ dollars each. provided said increase in IN
| capital stock shall have been authorized b,
| me stockholders at a meeting held pursuan
20 the provisions OF this charter
Inns corporation shall have and enjoy III
| night TO purchase shares of stock in 9th,
| corporations, partnerships or other interes,
rs may be found necessary, expedient an
| advisable
This corporation shall be and become
going concern when fifty per cent $50 Ne,
OF rs stock shall have been subscribed an
paid for al"
Article F.--,All the corporate powers of thi
corporation shall be vested in. and exercise
~ BOARD OF directors composed of not les
man tour ~ and not more than seven q
stoGEhoIders, and majority of the director
shah constitute quorum for the tra1sac
ton of all business
The board of directors herein named shat
laVe me power and authority 10 augment II
number by any addition up 70 the nax;rn,,,
number Of seven members.
Inc directors shall be elected annually n
naiIot, by the stockholders on the 6rst Tue,
DAY IN August Of each year
Each stakeholder shall be entitled !, ne,
son or BY proxy, 10 one vote for eyerv sba-
owned 5y him, and all elections shall
1eld under such rules and regulations as ma
9e specihed by the board of directors aft,
h1teen tlS) DAYS notice of such elrc,io, sL.
have been sent to each stockhoId.r a, l.
last known address !"
No failure to elect directors shall be p
Sstued as a forfeiture Of this charter
ANY vacancy occurring on such board sha
uncNpired term ''' -
r Said board OF directors shall, az its 6-
, meeting after its election. nominate. out
Us members, president, a vice presid.r
secretary and treasurer The Offices
secretary and treasurer nav be combin,
; and held by one person. The secretary ne,
ret be stockhslder
SAID board of directors shall have II
-iRht 10 appoint and dismiss such cI.-l
! managers and other EMPLOYEES Of n. =.
7ora'ion as. in its Judgment may be deernt
necessary.
= The tenure Of Office Of all the e-rplov.
II the corporation shall be during the plea
/ IRE Of the board
! Any director shall have the right 70 a
. 7o'ni in writing. any other directors TO a
IS his proxy and in his stead. az any A.
5 ali meetincs of the beard Of directors.
= Article N1-Leon Frank whose most off
: address is Third and Magazine SITS, New q
cans. Louisiana; Julius c. Werner, who
NoSt Office address is OH Carrolton Avenu
View Orleans. Louisiana; Leonard Hochstei
whose post Office address is Ills St. Charl
Avenue. New Orleans, Louisiana; Rail-
Goldsmith, whose post Office address is r
i constitute the Hrst board of directors Of N
corporation. with the right Of aug-nentati,
{ ~ hereirabove set out. with:
' Leon Frank, as president; Julius {. We
7er. as vice presideSt: Leonard Hochs.ei
r as treasurer: Ralph Goldsmith. as Sc -etar
r - serve until the first Tuesday OF Angus
2 1ols o- until their successors shall have be,
Y elected ard qualified
! Article VII-TNis act Of Incorporation m;
v ~ changed. modified altered. or this CO
rora:io1 NAV he dissolved. with the asse
: | 81 Stockholders owning two-thi-ds OF all 4