The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-02
CHARTER
PAN-AMERICAN FIRNTTT-RF
FACTORY. INC

, FACTORY, INC.
= United States Of America, State Of Louisiana
Y Parish Of Orleans City Of New Orleans
, lie 1t known that on this fifth day Of tn,
month q February, in the year OF our Lord
one thousand nine hundred and sixteen anC
Of the independence Of the UltCd States OF
! America. the one hundred and fortieth before
me, Theodore a. Schuber notary publir
IN and for the parish Of Orleans, State OF
, / LOUISIANA, duly commissioned, sworn and
quAIiued and IN the presence Of the VII.
I neSseN hereinafter named and undersigned
personally came and appeared. The ,evcr,l
parties whose names are hercunto subscribed
VINO scvrraily declared that. ayatlIrg them.
selves Of the laws OF the State of Louisiana.
TT NuCh cases made and provided they have
| covcnanted and agreed. and do by ,hesc
presents covenant and agree. and bind them
serves, As well as all other persons who nav
hereafter become associated with them 10
i'tm q corporation, and body polite in law.
tor the objects and purposes and under ,b,.
articles and stipulations following. to-wit.
! Article The name Of this corporation
snail be Pan.AmerICau Furniture FACTORY.
Inc, and under its said corporate name II
| snail have power and authority to enjoy cor
| poratc existence and succession for the null
! Term % Hlnety-uIuc years from and after
| the date hereof, L. contract, sue and he sued
! u make ana use corporate seal, To alter
| ana break the same at pleasure 10 hold re-
! cciyc, hypothccatc. convey, sell. les mr.
pltdse aud mortgage real and personal prom
! trty u issue negotiable bonds aud notes ~
! other evidence Of debt, 20 name and appoint
SuCA managers, agents. directors and oftrrrs
! a. ITS business interest and convenience NAV
require; 10 make and establish As well -
10 aite- and amend from time to time such
/ Dy-Ia"N' rules and regulations for the proper
government OF the affairs IF this cDrpo-stI1u
as may be necessary and proper.
Article 1.-THE objects and purposes for
"Ii'h UllS corporation Is organized, and the
nature 81 the business 10 be carried on by
II are declared 20 be the importing eNDo-t.
ing, manufacturing, buying and selling fur.
nituTe OF all kinds and description. and &c
do and transact general furniture business.
ior us own account, or for the account of
Others, on commission, or otherwise and ~ |
do and transact such other lines of business |
as may be incidental to the furniture bust |
ness.
Article III.-The capital stock of this cor.
poratIon Is hereby fixed at the sum OF TWEEN. |
ty-thousand dollars tS2O,GOOW, divided into
and represented by two hundred shares (OO |
OF stock at the par value Of $1,000 per share
SAID stock shall be paid for in cash. or
property actually received bv the corno-,.
ton. The capital stock of this corporation
may be increased to the sum of one hundred
thousand dollars (SlOOOOOOO). This corpora
ton shaIl be going concern, soon as the
sum OF eight thousand dollars is subscribed
and paid in cash, and at least the sum OF
SluruU IN all Is subscribed for
Article lN.-The domiciie of this CORPORA
non shal be IN the city OF New Orleans.
La. where all meetings of the Stockholders
or directors must be held provided that with
the written consent of all the directors valid
meetings OF the directors may be held ont
side OF the state or within the state, else
where than at its domicle Citation shall
be served upon the president, or in his alb.
5ence or disability upon the vice.pres ident
and IN the absence OF disability of both, upon |
he secretary treasurer.
Article N.-All the powers of this oo-oo-,
ION shall be vested in and its business and |
Affairs shall be managed by board of direc.
orS' consisting OF not more than seven nor !
ess than three stockholders of this CORPORA '
ION. The names and post-office addresses of I
hose selected to serve as directors of This I
for the first year, or until their J
successors have been duly elected and quali- I
led, are the following:
Albert {. Jacobs, SJ35 Damned St, New Il
orleans, La; Emanuel Samuels, Pension and \
.arondelet SITS, New Orleans, La; Nathan
)rsher. 9l4 Cleveland Avenue, New Orleans,
"a, with Mr.. Albert c. Jacobs, as presi- !
ent, Mr.. Emanuel Samueis, as vice-presi- l
ent and Mr.. Nathan Orsher, as secretary. p
reasurer a
The corporation shall have a President. a
ice-president and secretary-treasurer, and b
nch other officers, agents and employees as c,
etermine. whose duties shall be fixed by tc
ne board The officers of this corporation o
" the hrst year, or until their successors tc
ave been duly elected and qualified, are as OF
oove set forth. The board shall have the
lmber .;
Article VINO stakeholder shall ever he w
eid liable or responsible for the CONTRACTS,
ults or debts of this corporation, nor shall al
ny mere informaity in its Organization nc
I'VE the effect of rendering this charter re
al, or of exposing its stockholders to any ca
ability, beyond the unpaid balance due on tn
e stock owned by them. No
Article VII.-The names and post Office
dresses of the subscribers to these articles al
Incorporation, and the number of shares
;, stock which each agrees to take are as tn
~.
Nv Orleans, La, thirty-seven shares
manuel Samuels, Pension and Carondelet ma
s. New Orleans, La, thirty-seven shares: sa
ithan Orsher, 29l4 Cleveland avenue, New an
leans, La, twenty-six shares as
Article VIII-The annual meeting of the sal
'ekholders of this corporation for the cleo tut
n of directors shall be held on the third gei
'nday of January in each year the first 5
nuary, 1917, until which time the officers tin
d directors named in this charter shall res
1tinue in office until their successors for
We been duly elected and qualified aft
Article IN.-All stockholders meeting for 4
election of directors shall be held after an,
cen days written notice mailed to each Dor
ckholder. Other stockholders meetings fro
y be held when ordered by the board of joy
ectoTs, or the holders of at least 2s9o of era
outstanding capital stock. Notice Of all 4
ckholders' r.eetings, other than adjourned pro
citing, shall be given in the manner pre- in
ibed for stockholders meetings for the cor
ction of directors, unless such notice is off
lived by unanimous consent the
lrticle X-This charter may be amended, A
cred changed, or this corporation NAV is
dissolved and its affairs liquidated by eau
e Of two-thirds of the outstanding capital con
ok, at special meeting called for that hol
pose, notice OF which is to be given as ver
vided in article TX of this charter thi
n the event of liquidation, liquidators are dai
be appointed in accordance with the terms Orl
Act 267 of the Louisiana Legislature for A
year 1914. Dor
'hus done and passed in my notarial office, as
the city of New Orleans, La, on the day,