The herald., 1916-03-09

| Ano.r iII Ih, rarpn-r nr w-Ip-r- Tor
! "H'1 'H.- separation 49, ''rmrt aud the
n"'Hfr ai the business ?" 'r carried "n "l ~
are hereby declared lp hc.
Section % carry un business 900 i.,
United state nr elsewhere. ..- factors. agents.
commission merchants pr merchants. % buy,
sell and dra. 900, irr u,,r nr tpr others. 90
Wholesale HE retail. any and t.I goods. ware.
merchandise. 'pnd-prrdvyt~. manufactured
products. Yarn. products. OF minerals and yru.
| wrdf'ry- % every sort. KIND. ur description.
and 90 engage lu thr importation and cNpprta-
u'u OF any and al ID the above goods, ware
| and commodities
Soc. D. !. hulld construct. ill., cqu,p. tur.
| ul>1. uNn, purchase. charter, use, operate, and
| navigate boats nJrgt~. and vessel, u an
! classes and descriptions. propelled ~ sail.
steam. ,I,yrugty or othcr power, and - use
aud operate the >awr lu all lawful business.
trade. commerce ur navigation uppu 'ac ocean
| nr upon any seas. r>'uarlr>, sounds, lakes,
CULTS, Edrb1r~. bays. rivers. canals. creek, or
other waterways OF the world lu any lawful
undertaking ur business. whether tor the
| Transportation Of merchandise uI passengers, ur
tor towing and hghtCrdgC.
Sec. ;. To locate build, construct. establish,
purchase, acquire, own, lease, rent uu; hold,
use, maintain and operate whdIve-, piers,
slips. warehouses, gram elevators and other
buildings Tor the storing OF freight and any
and all commodities, Tor hire or otherwise; 10
I make advances loans upon security Oi such
| freight. goods and commodities nr otherwise;
| 10 issue CrTuhCdtc> or receipts either UCgO-
| TABLE OF nou-ncgutIdhlc to persons storing
| goods with the company and generally 20 do
! business A. public warehouScmar under the
| laws of the State OF Louisiana, any other
| State, Territory or country IN which II may
| operate. aud to carry on OF undertake any
| business transaction or operation commonly
| carried ON or undertaken by WarChOuscmen,
| or any other business which may from time
| to time he conveniently carried on in ConneC-
| ton with the above and a. an incident there
| to.
| Sec !. To drill and operate Tor petroleum.
| OIL, and gas, and produce petroleum oil and
/ gas and other minerals incidentally drvel-
( 1pcd, to manufacture or refine all said prod
ucts or minerals or substances found in and
upon any lands acquired by the company,
! transport the same 10 market and sell the
, same IN crude OF manufactured form; 90 buy,
J sell, lease, hold and dispose of such real and
| personal estate as may he necessary and con
yenleut and to construct and erect such pipe
lines, buildings, machinery and appliances
Z may be necessary and convenient IN conduct
ing the business of said company.
Sec. :. TO purchase, hold, SELL improve and
| lease real estate. and mortgage and cucumber
the same, and to erect, manage, care tor and
maintain, extend and alter buildings theron.
! Sec. o. To open and maintain agencies,
I branches or Offices throughout the United
States or IN any foreign country u carry out
any OF the aforesaid objects and purposes
Article lN.-The authorized capital stock OF
tins corporation Is hereby declared 10 be the
| sum of ten thousand dollars $4,000 OO which
stock Is 10 be divided into and represented by
I one hundred shares tl0O) Of the par value Of
one hundred dollars $4,000 each, but the
] capital STOCK OF inns corporation be
creased in the manner provided by law, 10
! the sum OF fifty thousand dollars (S50,UOO0l
! This corporation shall have the power To
create two or more kinds of stock OF such
classes, with such designations, preferences
and voting powers or restrictions quaitCa-
tIons thereof as IT may see fit. Said capital
stock shall be fully paid and worcestershire
when issued and shall he represented by Ger
uhcates and shall be personal property. No
transfer of said capital stock shall be binding
, upon this corporation unless made in accord
anCe with its charter and bylaws and re-
/ corded the books thereof As authorized by
| section Co Of Act No. 267 of 1914, this cor
/ poration shall have the right TO commence
! business when 50 per cent go per cent? of the
. amount of its capital stock is subscribed and
| 80 per cent 80 per cent? OF the amount Of
stock 50 SUBSCRIBED is actually paid for in
/ cash
Articl V-The business of this corporation
shall be managed and all the corporate pow
ers thereof, except as hereinafter stated, shall
/ he vested in and exercised by board Of not
I less than three more than seven directors
. TO be elected from the stockholders, and a
majority OF the directors at any time in office
either present in person represented by
| proxy, shall constitute a quorum, provided
I that 50 long as there are only three directors.
! the full board only, either present in person
or represented by proxy, shall constitute
quorum
Article VI.-The first board of directors of
this corporation shall be composed Of three CO
persons: Alfred Hitler, New Orleans, La;
I Herbert s. Hitler, New Orleans. La, and Rob
erto Reyes with the following officers:
Alfred Hitler. president: Herbert s Hitler,
vice president, and Roberto Reyes, secretary
treasurer. Said board Of directors shall serve
until the first meeting OF stockholders for the
election Of directors or until their successors
are elected and qualified, and said board of
directors shall have the power to increase the
membership OF said board at any time to a
number not exceeding eight and shall have
| the right TO elect from the stockholders Of
this corporation said additional directors
Article NII.-On the second Monday in Ian
uary, 1917, and annually thereafter on the sec
Ond Monday in January in each year, a meet
! ing of the stockholders of this corporation
! shall be held at its domcile for the purpose
of eectIng directors for the ensuing year, and
at such meetings the stockholders shall have
! the right OF cumulative voting In the election
| OF directors and shall have the right Of elect
! ing the number OF directors then in office, and
/ # there be not many as three directors then
/ m office, shall have the right Of clccting ad-
/ dItIOnal directors so long as the full number
/ Of directors elected does not exceed eight A
I failure from any cause whatsoever TO hold the
annual meeting Of stockholders, or the failure
| TO elect directors thercat. shall not dissolve
! this corporation, hut the directors and officers
then m office shall remain ~ office until their
successors shall have been respectively duly
chosen, elected. qualified and installed.
Article NIiI.-1hc board of directors shall
I have the power 10 appoint all agents and
managers Iu this and other states and IN
/ foreign countries, and may name an executive
committee with such membership as IL may
determine, which executive committee shall in
/ the interim between the meetings OF the board
I ui directors exercise an powers vested IN ana
exercised bv said board oi directors.
Article IN.-This charter may be amended,
and the capital stock q this corporation may
be increased or decreased, or this corporation
may De dissolved IN the method and manner
provided by law.
Article X-No s'ockholdcr Of this corpora.
tion shall ever be held liable or responsible
for the contracts or faults Of this corporation
in any further sum than the unpaid balance
on the stock for which he has subscribed, nor
shall any mere InfOrmalty in organization
have the effect Of rendering this charter null
or Of exposing d srpCkholder to any liability
other than as above provided.
Thus done and passed, in my Office, AZ the
city Of New Orleans, Louisiana, on the day,
month and wear herein FIRST above written, in
the presence Of Z. 4. Niranne and r. X.
Ramos. competent witnesses, who hereunto
sign their names with said appearers and me,
notary, after due reading Of the whole
Signed. Names of subscribers omitted.
Witnesses: {. a. Mrauue, Jr, K. K. RAJ.
, mos. ...- =. -
| SIDNEY /. FEIBLEMAN, Notary Pxe1f@
|. the uude-s gred Recorder ~
gages in and :1r the r.Sh Of Or
/ II Louisiana, d. hereby Gritty tha
and foregoing ac' o: corporate
/ "Par-Amcrican Trading Company, "as
I this day duly recorded in ny Office IN book
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