The herald., 1916-03-16
CHARTER
OF THE PAN-AMERICAN FURNITURE
FACTORY INC

fAllORN, INC.
| nI'cd States of America, State OF Louisiana
Parish OF Orleans City OF New Orleans
| lie II known. that on this fifth day OF the
! month of February, in the year Of our Lord
one thousand nine hundred and sixteen and
| OF the independence of the Tilted States OF
| America, the one hundred and fortieth before
/ me, Theodore 4. Schuber. a notary public,
| IN and for the parish Of Orleans State OF
| louisiana, duly COmmiS SIoned, sworn and
| qudlined, and IN the presence OF the wit
| neSseS hereinafter named and undersigned,
personally came and appeared: The several
parties whose names are hereuuto subscribed
who severally declared that, availing them
selves of the laws OF the State of Louisiana
| IN such cases made and provided. they have
cOvenanted and agreed, and do by these
presents covenant and agree, and bind them
selves, as well as all other persons who may
| hereafter become associated with them 10
form corporation, and body polite in law,
tor the objects and purposes, and under the
articles and stlpulations following. to-wit:
Article The name OF this corporation
shall be "Pan-American Furniture FACTORY
Inc, and under its said corporate name it
shall have power and authority to enjoy cor
porate existence and succession for the full
term OF ninety nine years from and after
the date hereof, 10 contract, sue and be sued
10 make and use a corporate seal, to alter
and break the same at pleasure, TO hold, re-
ceiye, hypotheCate, convey, sell, lease or
pledge and mortgage real and personal prop
erty to issue negotiable bonds and notes or
such managers, agents directors and officers
as ITS business interest and convenience may
require; 10 make and establish as we'll as
to alter and amend from time TO time, such
bylaws, rules and regulations for the proper
government OF the affairs OF this corporation
may be necessary and proper.
Article 1.-THE objects and purposes for
which this corporation Is organized, and the
Gaturc OF the business TO be carried on by
II declared to be the importing, export
ing, manufacturing, buying and selling fur
niture OF all kinds and description, and &c
DO and transact a general furniture business
for its own account, for the account of
others, on commission, otherwise, and to
do and transact such other lines of business
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 (S2OOOOOO, divided into
and represented by two hundred shares GOO
of stock at the par value OF $1,000 per share.
property actually received by the corpora
ton. The capital stock Of this corporation
may be INCREASED to the of one hundred
thousand dollars CSlOO.GOOO). This corpora
ton shall be going concern. as soon as the
sum OF eight thousand dollars is subscribed
and paid in cash, and at least the sum OF
100000 in all is subscribed for
Article IN.-The domicile of this corpora |
tion shall 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 out |
side of the state or within the state, else !
where than at its domicile. Citation shall !
be served upon the president, or in his alb |
senCc or disability upon the cepresdent, !
and in the absence of disability OF both, upon
the seCretary-treasurer.
Article Val the powers of this corpora |
ton shall be vested in and its business and !
affairs shall be managed by a board of drec- |
tors, consisting of not more than seven nor /
less than three stockholders of this corpora ,
ton. The names and post-ofice addresses of
corporation for the first year, or until their |
have been duly elected and quail |
fed, are the following:
Albert c. Jacobs, 5525 Damned St, New |
Orleans, La; Emanuel Samuels, Pension and I
Carondelet SITS, New Orleans, La; Nathan |
Drsher 29l4 Cleveland Avenue. New Orleans,
La. with Mr.. Albert C. Jacobs, as presi-
dent, Mr. Emanuel Samuels, as vice-presi-
dent and Mr.. Nathan Orsher, as secretary
treasurer.
The corporation shall have a President,
vice president and a secretary treasurer, and
such other officers, agents and employees as /
the board of directors may from time to time 1
determine whose duties shall be fixed by |
the board The officers OF this corporation |
for the first year, or until their successors |
have been duly elected and qualified, are as |
above set forth The board shall have the |
right TO ill all vacancies occurring in their
number.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts, !
faults or debts of this corporation, nor shall /
any mere informslity in its organization