The herald., 1918-10-03
CHARTER OF
PAN-AMERICAN EXPORTERS, INC.

United States OF America, State Of Louis
lana, Parish OF Orleans, City Of New
Orleans.
Be it known. That on this Third of the
month OF September in the year of our
Lord. one thousand, nine hundred and eigh-
teen. and Of the Independence of the United
States OF America, the one hundred and
forty-second,
Before me, John Marshall Ouintero, No
tary Public, duly commissioned and quail
fled, in and for this City and the Parish Of
ence Of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the persons whose names are here
unto subscribed, who declared that, avail
ing themselves of the provisions of the laws
OF the State, relative to the organization of
corporations, and more particularly Act No.
267 OF the General Assembly of this State, ap-
proved July 9. 1918, they have covenanted
and agreed and do, by these presents, cove
nant and agree, bind, form and constitute
themselves, as well such persons as may
hereafter join or become associated with them,
into corporation and body polite in law,
tor the objects and purposes and under the
agreements and stipulations following, to-
wit:
ARTICLE 1.-The name and style of this
corporation shall be Pan-American Export
ers, Inc, and under that name, it shall have
and ENJOY all the rights, privileges and ad-
vantages granted by law 10 corporations; it
shall exist for the period of ninety-nine
years from this date; it shall have the
power to contract, sue and be sued in its
corporate name; 10 make and use a corporate
seal; and the same to break or alter at
pleasure; to hold, receive, purchase, Guilt
waite, improve, convey, mortgage, hypothe-
cate or pledge property, both real and per-
sOnal; to issue bonds, notes and other obli-
cations negotiable instruments. TO have
and employ such managers, directors, officers,
agents and other employees as the interest
and convenience of said corporation may re-
qulre, or demand; to make and establish
such laws, rules and regulations for the cor
porate management and control OF the af
fairs OF the corporation as may be deemed
necessary and expedient.
ARTICLE 1.-THE domicie OF said corpo-
ration shall be established in the City Of
New Orleans, State of Louisiana, and all
citations and other legal process shall be
served on the president; in his absence on
the Secretary; and in the absence OF both, on
the Treasurer.
ARTICLE III.-The objects and purposes
tor which this corporation is oragnized and
the nature of the business TO be carried on
by it are hereby declared to be: To buy,
sell and deal in general merchandise of
every kind and character and to do gen.
eral mercantile business, including that Of
buying and selling on commission either Tor
itself or others, and to do a general import
ing and exporting business with the United
States, Europe, Mexico and South and Cen
trail America, and to that end, to own property
of every kind and character whatsoever as
may be deemed necessary in the discretion
character of business which may be ger
name or incidental to a mercantile business.
ARTICLE lV.-The capital stock Of this
corporation is fixed at the sum of One
Hundred Thousand (SlO0.0O0O0), divided into
One Thousand (lOOO) shares of the par value
Of One Hundred Dollars $4,000 each All
shares Of stock shall be full paid and non
assessable, and shall be paid for in cash or
in property taken over by the corporation.
No transfer OF stock shall be binding upon
the corporation unless made upon its books.
and all certificates Of stock shall be signed
by such officers as may be designated by the
Board of Directors.
This corporation shall have the right to
increase its capital stock to the further sum
of Two Hundred Thousand Dollars $780,
10000, TO be divided into shares of One
said increase in the capital stock shall have
been authorized by the stockholders at
meeting to be held pursuant to the provisions
of Article V, of this charter.
ARTICLE V.-All the corporate powers Of
the company shall be vested in, and the
management and control of its affairs shall
be exercised by a Board Of Directors COM
posed of three stockholders, a majority OF
whom shall constitute quorum for the trans;
action Of all business. The Directors shall
be elected annually by ballot'on the fifteenth
day of February in each year. Each stock
holder shall be entitled. in person or by
proxy, to one vote for each share Of stock
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board OF Direc-
Tors, after fifteen days notice by mail OF
such election shall have been sent TO each
stakeholder at his last known address. The
Direcors thus elected shall continue in Office
for one year, or until their successors shall
have been duly elected and qualified No
Failure TO elect shall be regarded as a for
fixture of this charter Any vacancy occur
ring on said Board shall be filled by the
remaining Directors for the unexpired term.
The said Board shall, at the first meeting
after its election, nominate, out of its num-
Der. President, a Vice-President and Sec
rotary and Treasurer. The offices Of Sec
rotary and Treasurer may be held by one
person. Said Board shall have the right
to appoint and dismiss such clerks, managers
and other employees of the corporation as
conditions may justify, or the business of the
corporation may require. The tenure Of Of