The herald., 1915-04-01
CHARTER
OF PAN-AMERICAN SECURITIES COM
PANY, INCORPORATED.
United States OF America, State Of Louis

United States Of America, State Of Louisiana,
Parish Of Orleans.
Be il known, That on this 4th day Of March,
in the year pf our Lord, one thousand nine
hundred and fifteen, before me, Pierre d..
Olivier, a notary public IN and for the state
Of Louisiana, Parish of Orleans aforesaid,
duly commissioned and qualified, and IN the
presence Of the witnesses hereinafter named
and undersigned personally came and APP
peared the several persons whose names are
hcreuntO subscribed, who declared to me, no
tary, in the presence Of the undersigned wit
neSseS that, availing themselves OF the pro-
visions Of the laws Of the State OF Louisiana,
they have mutually agreed and contracted,
and by these presents do agree and contract,
and bind and oblgate themselves, their heirs
and assigns, and all persons who may here
after become associated with them herein, TO
form a corporation under the name and Tor
the objects and purposes and under the terms
stipulatIons and provisions contained in the
following articles, tO-wit:
Article THE name of this corporation
shall be Pan-American Securities Company,
incorporated, and under its said corporate
name II shall have and enjoy corporate ex-
istencc and succession for fifty (5O) years,
from and after the date hereof, unless sooner
dissolved by law; and by and under that
name II shall have, ENJOY and exercise all
rights, powers ard privileges now granted or
that may hereafter be granted by law to cor
porations of this character
Article 1.-THE purposes for which this cor
pOraton is formed are hereby declared to be-
To buy, sell and deal in property Of any ma
ture whatsoever, including obligations or Sc
curities of any kind. This corporation shall
have power to do business in this state, the
federal districts, the territories and posses
sions of the United States, and in foreign
countries.
Article III-The domcie of this corpora
ton is hereby declared to be in the City Of
New Orleans, State of Louisiana.
Article IN-The capital stock of this cor
poration is hereby fixed at the sum of fifteen
thousand (Sl50OOOl dollars, divided into one
hundred and fifty $50 shares, of a par value
of one hundred (SlOO dollars each. The capt.
tai stock of this corporation may be increased
10 two hundred thousand (S3OO,OOO) dollars.
None of the stock of this corporation shall be
preferred stock.
Article Vail of the corporate powers of
this corporation shall be vested in board of
directors, to be composed of three 90 stock
holders, TO be elected annually on the third
Monday in January in each year, unless such
day be holiday, in which event said cleo
tion shall take place on the next succeeding
day which is not holiday. All such cleo
tons shall take place by ballot, and each
stakeholder shall be entitled TO one % vote,
in person or by proxy, for each share of stock
standing in his name. The majority of the
votes cast shall be sufficient to elect.
Notice Of all meetings of stockholders shall
be given provided by law.
The board of directors shall elect from
among themselves president, secretary and
a treasurer.
The following persons have been chosen as
the irsl DOdTu OF directors OF tnlS corporation,
TO serve until the third Monday of January,
1915, or until their successors are elected.
Crawford II. Ellis, 1912 Palmer Ave, New
Orleans, La; Joseph b. Wynne, 1892 Annun-
Parks, 800 Napoleon Ave, New Orleans, La.
The said Crawford ii. Ellis president;
the said Joseph B. Wynne secretary and
the said Percy d. Parks as treasurer
Article NI-This corporation may be dis
solved, and its affairs liquidated as provided
for in act No. 267 of the Louisiana Legislature
of 1914.
All of the subscribers hereto are to pay in
cash for the stock subscribed to by them, ex.
cept Crawford III. Ellis, who is to give in ex-
change and in payment of the shares of stock
subscribed to by him, certain property, an
accurate, detailed and itemized description OF
. acter and state of improvement, together with
a statement of its value as appraised by the
directors, is annexed to and made part OF
these articles of Incorporation.
Thus done and passed at the City of New
Orleans, state of Louisiana. the day and
date hereinabove written, and in the presence
Of Messrs. Esmond Phelps and Frank A
Miller, competent witnesses, who have signed
these presents with the said appesrers and
me, notary, after due reading of the whole
(The original is signed Crawford ii. Ellis
1872 Palmer Avenue. lao shares; Jos. B
Wynne. 1872 Annunciation St, shares; p
ID: Parks, 500 Napoleon Avenue, shares
Witnesses Esmond Phelps, Thos. c. Nichols
Jr, Pierre d. Olivier, Notary Public.
the undersigned, recorder OF mortgages, ir
and for the Parish of Orleans, State of Louis
lana, do hereby certify that the above anC
foregoing act Of Incorporation, of the Pan
American Securities Company, Inc, was thi:
day duly recorded in my Office, in book
folio -. New Orleans March, 1915
EMILE J. LEONARD, by. r.
l certify the above and foregoing to be
true and correct copy of the original act Of
incorporation of the Pan-American Securitie.
Company, Incorporated, on file and Of record
in my office. New Orleans, March the 5th
1915. (SeaD (Signed) Pierre ID. Olivier, Notary
Public. Mch. 1l-lS-2S-Ppr. 1915
CHARTER