The herald., 1914-01-22
CHARTER
OF THE PAN AMERICAN BLDG. CO., LTD
State of Louisiana, Parish of Orleans, City OF
New Orleans.

|
State of Louisiana, Parish of Orleans, City Of
New Orleans.
| n. - known that on this twenty-ninth day
| of the month of December, IN the year one
| thousand nine hundred and thirteen, before
me, Edward NJ. Robert, notary pubic IN
and for the parish OF orleans, stare ol Us
| stoned and qualified, and in the presence oil
| the witnesses hereinafter named ana unoer-
| signed, personally came and appeared the sey'
| eral parties whose names are hereunto SUP.
scribed 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 become
associated with them, to form a body corpor,
ate for the objects and under the articles and
stipulations, to-wit:
Article 1.-The name of this corporation
shall be THE Pan American Bldg. Co., Ltd,
and under its said corporate name IT shall
have power and authority TO have and ENJOY
succession for the full term and period OF
niuety-nine years from and after the date
hereof; to contract, sue and be sued; to make
and use a corporate seal, and the same to
break and alter at pleasure; to hold, receive,
lease, purchase and convey, as well as mort,
gage and hypothecate, property, real, personal
and mixed, corporeal and ncorporeal; to name
and appoint such managers, agents, directors
and officers as its business interests and con-
tablish as well as alter and amend from time
to time, such bylaws, rules and regulations
for the proper management of this corporation
as may be necessary and proper.
Article 1.-THE domicile of this corpora.
ton 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 vlce-president,
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 for
which this corporation is established and the
nature of the business TO be by il carried on,
are hereby declared to be to engage in and
carry on in this city, and elsewhere, the bus
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 this cor
poration is hereby fixed at the sum of twenty
five thousand dollars (S2S,000.00 to be divided
into two hundred and fifty shares (25O) at the
par value of one hundred dollars $4,000
each; the said shares shall be issued at par,
full paid, and worcestershire, and when is
sued shall be issued for cash or property or
the equivalent thereof; transfer of stock
shall be binding on this corporation unless
recorded on its books.
This corporation shall be a going concern as
soon three thousand dollars (S3,0O0.00) of its
capital stock shall have been subscribed for.
II any SndrenOl0er snail ever desire 10 Sell
his stock in this corporation, he shall first
| give a written notice of such intention TO both
this corporation and the stockholders thereof,
| Tor the full term of ten days (l0), giving no.
tice OF such intention TO sell his stock or por-
| ton thereof, and, If after the lapse of ten
days notice, this corporation or the sharehold-
! ers thereof, or any of them, do not purchase
| the said shares at the book value thereof then
| the shareholders, offering to sell said shares
| shall have the right to sell the said shares
as he sees fit and to whomsoever he sees fit
Article Van the powers; of this corpora.
ton ton shall be vested in and exercised by a
board OF directors to be composed of presi-
dent, vice-president and secretary-treas.
urer, the first board of directors shall be com.
posed as follows: Joseph ]. Lagarde, presi-
dent; Edward J. Barmer, vice-president; Al.
board of directors shall hold Office until their
successors are elected and qualified The
| board of directors shall be elected annually
on the FIRST Monday of January, except in the
year 1914. All directors shall hold Office until
| their successors are elected and qualified, and
all elections shall be by ballot conducted al
| the othce OF this corporation under the super.
vision of three commissioners appointed bv
the board of directors. Each stakeholder shall
| have one vote for each share of stock stand.
| ing IN his name the books of this corpor.
alton, to be cast IN person or by proxy in
writing, and majority of votes thus cast
| shall elect.
Amy vacancy occurring among the direc.
tors by death, resignation or otherwise, shall
be hiled by election for the remainder of the
term by the remaining directors A failure
to elect directors shall not dissolve this char.
ter, but the board of directors then in Office
shall hold office until their successors are
erected ana qualihed. Each director shall
own at least one share of stock.
The board of directors shall have power IN
issue full paid shares of stock, in this cor.
22oTation for cash, or in payment for labor
zone or Tor property actually received by this
corporation. Each director shall have right
TO appoint a proxy to represent him at the
meetings of the board of directors. the said
proxy to be in writing.
Article VI.-Whenever this corporation shall
be dissolved either by limitation or from any
other cause, its affairs shall be Inundated Nv
tnree commissioners to be appointed by the
ooard OF directors, said appointments shall
pc Iatlhed at general meeting OF its stock.
holders convened for that purpose of which
said meeting, the stockholders shall have No.
tlce gwen IN the manner provided in the NEXT
article OF this charter, and majority in
AMOUNT sniS OF the capital stock represented at
SAID meeting shall be requisite to determine
Sueh commissioners shall remain in Office
until the affairs of said corporation shall have
pee oeen fully liqudated In case of the death Of
one OF more OF the said commissioners the
vacancy shall be filled by election by the re-.
naming commissioners ~
article Widths act of Incorporation NAV
9e modified, changed, altered or amended, or
the assent of three-quarters Of The c,n;,aI
stock represented at general meeting Of
tne stockholders called together for that pur.
pose, after notice thereof shall have been
gwen IN one or more newspapers of the city
Oh New orleans, La, once a week for four
weeks preceding the date of the said meetino
ah9 oy written notice addressed TO each
ana every stakeholder on the books Of the
said corporation thirty days prior to the date
a. tne saia meeting. at the post Office address
designated by him in writing
Article NIII-No stakeholder shall eve, n.
ne !9 haole ior the contracts OF faults of the
sald corporation in any further sum than the
unpaid balance due by him to this cornora.
L! on the shares Of stock subscribed for by
nlnil nor snail any mere informality in or
sanizstIon have the effect of rendering this
enarter null or of exposing a stockholder to