The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-27
,r ACT OF INCORPORATION
United States Of America. State of Louisiana

fsrish OF Orleans, City of New Orleans
b. 1t known, that on This the Goth day
OF august, IN the year o. our Lord one thou
sand nine hundred and seventeen Ggl7D
| ana OF the Independence Of the United
o'd'cs OF AmeTlcs. the hundred and
fotiy'Second, before me, Joseph Sinai, a
notary public, duly commissioned and sworn
| IN and Tor the parish Of Orleans, State OF
LOUISIANA, and therein residing PERSONAL,
| came and appeared the persons whose names
-te Aereunto subscribed, who declared that
| aVaillng themselves of the provisions of the
! AVS OF this State relative 20 organization
| Of corporations, and more particularly TO Ac,
| -o/ OF the General Assembly OF this State
! approved July 9th 1914, they have covenanteC
| ana agreed ana do by these presents, cove
! nant and agree, bind, form and constitute
| ihe"Seives, as well as such persons VIII,
/ may hereafter JOIN, or become associated
| WIN tne;n, into q corporation and BODY pol
! I'lS IN law, Tor the objects and purposes and
under the agreements and stipula tions fol
! lowing, tO-wlt:
Article The name and siy.e OF this cor
| poraton shall be the Dixie Pecan Com.
| pauy. Incorporated" and under that name
| II shall have and enjoy all the rights, ad
Vah'aSes and privileges granted by law q
| toFpoEaNons; II shall exist for the period OF
n'nety-nlne t99 years from this date; /,
>ha!! have the power to contract sue and be
Sued IN lis corporate name; 10 make and
use corporate seal, and the same 10 break
" alter Al pleasure; TO hold, receive Uur.
chase, convey, mortgage, hypothecate or
pled8e property, both real and personal; 70
| issue bonds, notes and other obligations OF
| '"gouapie instruments; 10 have and employ
>uch managers, directors, officers agents and
other employees as the interest and Corye.
nlence OF SAID corporation NAV require or
demand; TO make and establish such by.
avs rules ard regulations for the corporate
management and control of the affairs OF the
| corporation as may be deemed necessary and
eXpedent.
Article 1.-THE domicil. of this CORPORA.
non shall be in the City Of New Orleans.
STATE Of Louisiana, and all citations and
other legal processes shall be served on the
president, or. in his absence, on the vice
president, and in the absence Of BOTH on the
secretary.
Article uI.-The objects and purposes for
"hich TINS corporation is orgaEized, and the
nature Of the business TO be carried on bv
wit:
To buy and sell, deal in on consignment
or otherwise, groceries. farm products and
all other objects usually bought and sold
and dealt in by produce dealer broker,
Or commission merchant;
10 manufacture, buy, sell, assemble lease
rent, import, export and generally deal in
all kinds, classes. and descriptions ~ ma.
ehinery, machines. appliances and sccesso-
mes, devices patented or not, operated by
hand o. power. and particularly machines.
machinery, appliances, accessories. and de.
vices patented or not, Tor 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 to engage in such mercantile activ-
mes and such manufacturing, refining recti-
lying and distilling processes a. will enable
II 10 dispose OF the products and/or by-pro-
ducts thereof OF every kind al description.
! ana ny Whatever process the sane can be or
may hereafter be produced;
And, generally TO do every act. matter a.
hing whatever, that may se necessary. in.
c'dental, useful or advisable in the further.
ance OF said objects and purposes
Article lN.-The capital stock of this cor.
| poration IS fixed a. the sum OF fifty thou
sand (s5O.OoOoOJ dollars divided into tve
hundred $50 shares, OF the par value of one
hundred $4,000 dollars each All shares
~ stock shall be full paid and non-assessa.
Said stock shall he paid for in cash ~
| the same may be issued, al not less thar
par, Tor labor done or for services rendered
| 70 me sald corporation, or property or rghts
actually received BY said corporation.
No stockholder shall have the right to dis.
pose OF his shares Of stock until he shall
| have first offered the same 10 IN. boa-d nj
directors at its then book value. who s5aIj
aaVe ht;een Q5l days option within which
70 purchase same. No transfer of stock shall
'e binding upon the corporation unless mad.
upon its books
This corporation shall have IN. right :,
increase its capital stock up to the furtber
sun o6 OF two two hundred and Sity thousand
lS2'onO dollars, or any part thereof !.
he divided into shares OF one HUNDRED Gs,oo,
do!la-s each, provided said increase IN ~.
capltaI stock shall have been authorized Inv
me Stockholders at meeting held pursuan,
10 the provisions Of this charter.
Lhis corporation shall have and e,iov IN.
rght to purchase shares of stock in otbsr
corporations, partnerships or Other i1..-.sts
as may be found necessary, expedient and
This corno-a,;o, Lr
gong concern when fifty per cent C50 oc+ s
paid for. ioeu ana
Article N.---All the corporat. bowers 81 hi.
h.. G n Shaii be vested in, and exercised
Dy' board Of directors composed Of no, -
man tour ca and not more than seven ~
stockholders. and a majority OF the d;~ac.o.s
sHa.i constitute a quorum for the transac.
me board Of directors herein named shall
nave the power and authority TO augn,.,t a..
nun2oer by any addition I'D to The r,,x;.,
number of seven members '''
Inc directors shall be elected annuaIIv Ia,
ballot, by the stockholders on Tho SO. II oy
| day IN August Of each wear 4'S' iueS'
Each stakeholder shall be entitled i; o.-
SUI 0, Dy proxy, 10 one vote for every sbo-0
owned by him, and all elections sb,II =.
ne ieiu unaer such rules and regulations az nav
ff..eD Hs7 o., oy the board of directors after
LL1,een tI9) days notice of such election shall
nave oeen sent to each stockhoId.r a. L.:
last known address a. MS
10 failure TO elect directors shall r. 20.
gatded as a forfeiture of this charter
any vacancy occurring on such hoard sL.,r
ne hlled by the remaining di-a..o-. S',a
unexpired term. directors Tor the
SAID board Of directors shall AZ II, s-..
meeting after its election, nominate. orr 81
IT'S members, president, a vicr n-a "a %
secretary and treasurer The ofices ~
| SeIetary and treasurer NAV be cor,b;,s1
ana held by one person. Tbe s.c-...rr -. -
| not be a stockholder. "ee0
SAID board of directors shall bav. -,
nsht 10 appoint and dismiss such ci.-Ls
| managers and other EMPLOYEES Of the ~
poration as in its Judgment may be dt.mer
The tenure Of Office of all the .r,,ov.,,
ure Of the board '"e peas
Any director shall have the -igb, q ~.
POM: IN writing. any other directors. IA az,
a. ms proxy and in his stead. AZ anv 49,
an meetings OF the board Q directors
!Hrucle lI-Leon Frank, whose posi- ofFc.
address is Third and Magazine Sis. N.w a.
cans, Louisiana; Julius c. Werner. wb.s.
post office address is OH Carrollton Avenue
New Orleans, Louisiana: Leonard Hochstein
whose post Office address is Ills St. Charles
Avenue, New Orleans. Louisiana; Ralph
Goldsmith. whose post office address is 1901
Joseph Street, New Orleans. Louisiana, shall
constitute the first board Of direct.rs Of ~;
corporation. with the right Of augmentatisn
as hereinabove set out, with:
Leon Frank, as president; Julius c. Wer-
ner, as vice presidept; Leonard Hochstein
as treasurer: Ralph Goldsmith. as secretary,
to serve until the first Tuesday Of August
1918. or until their successors shall have been
elected and qualified.