The herald., 1914-01-15
CHARTER

OF TIE PAN-AMERICAN BLDG. CO, LTD.
State Of Louisiana. Parish Of Orleans, City OF
New Orleans.
BE 1t known that ON this twenty y-uinth day
Of the month OF December, in the year one
thousand nine hundred and thirteen, before
me, Edward NJ. RObbert, notary PUBLIC IN
and for the parish OF Orleans, state of Lou
isana, therein residing, duly sworn, commits.
stoned and qualified, and in the presence OF
the witnesses hereinafter named and under
signed, personally came and appeared the sew
cral parties whose names are hercunto sub
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 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
ninety-nne years from and after the date
hereof; to contract, sue and be sued; to make
and use corporate seal, and the same to
break and alter at pleasure; to hold, receive.
lease, purchase and convey, well as mort
gage and hypothecate, property, real personal
and mixed, COrpOreal and incorpOreal; to name
and appoint such managers, agents, directors
and officers as its business interests and con-
venience may require; and to make and es-
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 domicle of this corpora
tiOH 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 president,
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 for
which this corporation is established and the
nature of the business to be by it carried on,
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, 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 (S250O000) to be divided
into two hundred and fifty shares ESQ at the
par value of one hundred dollars $4,000
each; the said shares shall be issued at par
full paid: and nOn-assessable, and when is.
sued shall be issued for cash property or
the equivalent thereof; no transfer of stock
shall be binding this corporation unless
recorded on its books.
This corporation shall be going concern as
soon as three thousand dollars (s30OOOO of IT'S
I
III any shareholder shall ever desire to sell
his stock in this corporation, he shall first
give a written notice of such intention TO both
this corporation and the stockholders thereof
for the full term of ten days O0), giving no.
tlce OF such intention to sell his stock or por-
tion 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 ht and to whomsoever he sees fit
Article V.-All the powers Of this CORPORA
ton shall be vested in and exercised by a
| dent, a vice president and a secretary-treas-
urer, the first board of directors shall be com
| posed as follows: Joseph ]. Lagarde presi-
dent; Edward ]. Barmer, vicepresident: AL.
pert N. Robelot, secretary-treasurer which
| board OF directors shall hold Office until their
successors are elected and qualified. The
board OF directors shall be elected annually
on the hrst 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 ar
the offce OF this corporation under the super.
VISION OF three commissioners appointed by
the board of directors. Each stockholder shall
have one vote for each share of stock stand
ing IN his name on the books of this corpor-
alon, 10 be cast IN person or by proxy in
writing; and majority of votes thus cast
| shall elect N"S'
ANY vacancy occurring among the direc.
tors by death, resignation or otherwise sbaII
be hiled by election for the remainder Of The
Term by the remal lining directors A failure
10 elect directors shall not dissolve this cbar
ter but the board of directors then in Office
snaIi hoId ONCE until their successors are
elected and qualified. Each director shall
own al least ore share of stock.