The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-08
Real Estate Transfers.
CHARTER

OF THE PAN-AMERICAN BLDG. CO., LTD.
State Of Louisiana. Parish Of Orleans, City OF
New Orleans.
r.. !, known that on this twenty nlnth day
If the month OF December. m the year one
thousand nine hundred and thirteen before
me Edward NJ Robbert, a notary puellT III
M inr The parish Of Orleans, state OF Lou
isiau, therein residing, duly sworn, CommlS-
stoned and qualified, and IN the preSenSe Va
the witnesses hereinafter named ana u hueI
signed personally came and appeared the seE
eral parties whose names are hereuhto sun
scribcd, who severally avaIlIng themselves OF
the laws Of the state of LOUISIANA IN suCh
cases made and provided they have contract
ed and agreed, and do, by these presents,
covenant, agree and bind themselves as well
as such persons who may hereafter peColiie
associated with them, to form a body corpor,
ate for the objects and under 'he diuS'es anu
stipulations, tO-wit:
Article 1.-The name OF this corporation
shall be The Pan-American Bldg. Co., Ltn.,
and under its said corporate name u sndlI
have power and authority to have and ENJOY
succession for the full term and period OF
ninety-nine wears from and after the date
hereof; to contract, and be suedi 10 make
and use a corporate seal, and the same 10
break and alter at pleasure; to hold, receive
lease, purchase and convey, as well as mort
gage and hypothecate, property, reai, ersoia Sa
and mixed corporeal and incorporeal; to name
and appoint such managers, agents, directors
and officers as its business interests ana CON
venience may require; and TO MAKE ana es-
| tablsh as well alter and amend from tihe
10 time such bylaws, rules and regulations
| for the proper management of this corporation
| as NAV be necessary and proper
| Article 1.-The domicile of this corpora
| tion Shall be in the city of New Orleans,
| state OF Louisiana, and all citations and other
| legal process shall be served on the president,
and in his absence upon the vice-presldent;
| and in his absence, upon the secretary OF
| this corporation, and upon the absence OF the
| above named officers, upon any person desig-
! mated by the board of directors hereof.
| Article III-The objects and purposes Tor
| which this corporation is established and the
| nature of the business to be by 1t carried on,
are hereby declared 10 be TO engage IN and
carry on in this city, and elsewhere !ne Ou ,J
mess of general contracting and building, and
| to do all things necessary, proper incident
and convenient. to the said business, or IN
any wise relating thereto;
Article IV.-The capital stock of thus cor
poration is hereby fixed at the sum OF twenty.
five thousand dollars (S2S,0OO.OO to be divided
into two hundred and fifty shares (2SO) at the
par value of one hundred dollars CSlO.O)
each; the said shares shall be issued at par,
full paid, and worcestershire, and when IS
sued shall be issued for cash or property OF
the equivalent thereof; no transfer OF stock
+ shall be binding on this corporation unless
, recorded on its books.
This corporation shall be a going concern as
, soon as three thousand dollars (S,OOO.OO OF II:
capital stock shall have been subscribed for
l If any shareholder shall ever desire to sell
, his stock in this corporation, he shall mrs
give written notice of such intention to botf
this corporation and the stockholders thereof
for the full term of ten days Q0), giving no
tice OF such intention to sell his stock, or por
ton thereof and, if after the lapse of tel
> days notice, this corporation the sharehold
ers thereof, any of them, do not purchas
- the said shares at the book value thereof, thei
the shareholders, offering to sell said shares
shall have the right to sell the said share
| as he sees fit and to whomsOever he sees tIt
| Article Vail the powers of this corpora
ton shall be vested in and exercised by
| board of directors to be composed of a preSi
dent, a vice-president and a secretary treas
urer. the first board Of directors shall be com
posed as follows: Joseph J. Lagarde, presi
dent; Edward ]. Barmer, vice-president; Al
bert n. Robelot. secretary treasurer, whic
board of directors shall hold Office until thei
successors are elected and qualified. Tn
board of directors shall be elected annual
the first Monday of January, except in tn
year 1914. All directors shall hold office unit
their successors are elected and qualified an
all elections shall be by ballot conducted
the Office of this corporation under the supei
vision of three commissioners appointed b
the board of directors. Each stakeholder sha
have vote for each share of stock stanC
ing in his name the books of this corpo
alton, to be cast in person or by proxy
writing and majority of votes thus ca:
shall elect.
Any vacancy occurring among the dire,
tors by death, resignation otherwise, sha
be filled by election for the remainder of III
term by the remaining directors. A failur
to elect directors shall not dissolve this cha
ter. but the board OF directors then in offiC
shall hold office until their successors al
elected and qualified Each director sha
own at least one share of stock