The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
CHARTER OF
PAE-AMERICAN EXPORTERS, INC.

United States OF America. State Of Louis
! lana, Parish Of Orleans. City Of New
Orleans.
Re j: known. That on this Third OF the
| month Of September n the year u on
Lord one thousand. nine hundred and eigh
teen. and ot the Independence Of the United
States OF America, the one hundred anc
IoT;y-second,
Before ne. John Marshall Ouin;ero, No
taTy Public. duly commissioned and quail
fled. n and for this City and the Parish OF
Orleans. therein residing. and IN the pres
ence OF the witnesses hereinafter nance
and u1de-sI Ened, personally came and ap-
pea-ed the persons whose names are here
INTO subscribed. who declared that. avail
ing themselves OF the provisions OF the laws
corporations. and more particularly Ac; No.
% u the General Assembly Of this State, ap-
proved July G, 1914. they have ooveaanted
and agreed and do, by these presents, cove
themselves. IS well as such persons as MAY
hereafter JOIN or become associated with them
INTO corporation and body polite IN law.
toT the OBJECTS and purposes and under tht
agreements and stiPulations following. to
wit:
ARTICLE The name and style Of this
corporation shall be Pan-American Export
e-s. lno., and under that name. il shall have
and enjoy all the rights. privileges and ad
va1tages granted by law TO corporations; Il
shall exist Tor the period Of nInety-nint
years from this date; Il shall have the
power 10 contract, sue and be sued IN its
corporate name; 10 make and use corporate
seal; ana the same 10 break alter a
pleasure; 10 hold. receive. purchase. cult
vate, improve, convey, mortgage, hypothe
cate or pledge property. both real and per
sonal; to Issue bonds, notes and other obi
cations or negotiable instruments 10 have
and employ such managers. directors, officers
agents and other employees as the interest
and convenience OF said corporation NAV re
qulre. or demand; 10 make and establish
such laws, rules and regulations for the cor
porate management and control OF the al
fairs Of the corporation as may be deemed
necessary and expedieni.
ARTICLE 1.-THE domicile 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 II OragnIzed and
the nature OF the business 20 be carried on
by il are hereby declared TO be: To buy,
sell and deal in general merchandise Of
every kind and character and 20 do gen
eral mercantile business. including that Of
buying and selling on commission either FOR
itself or others, and TO do a general import
ing and exporting business with the United
States. Europe, Mexico and South and Cen
tral America, and TO that end. 10 own property
may be deemed necessary in the discretion
Of the stockholders, and to do any and all
character of business which nav be ger
name or incidental 10 mercantile business.
ARTICLE IN.-The capital stock Of this
corporation is fixed at the sum OF One
Hundred Thousand 100000 O), divided into
One Thousand C009 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 70
increase It's capital stock 70 the further sum
OF Two Hundred Thousand Dollars 600
0n0O0). TO be divided into shares Of One
Hundred Dollars $4,000 each, provided
said increase in the capital stock shall have
been authorized by the stockholders az a
meeting 10 he held pursuant to the provisions
Of Article V. Of this charter.
ARTICLE N.-All the corporate powers Of
the company shall be vested in, and the
and control Of its affairs shall
be exercised by Board Of Directors CON-
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 OF 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