The herald., 1920-11-25
CHARTER OF PAN-AMERICAN CIGAR
GO. INC

United States of America, State Of Lon.
lSlana, Parish of Orleans. City of New
orIranS. lie IT known. that on this nine
| teenth. day of the month of November I'm
the year of our Lord, one thousand ninp
| hundred and twenty, and of the Indeppnd.
| ence OF the United States Of America the
one hundred and forty fifth. Before me.
| Edgar Mayer Calm. a notary public in
| ana for the Parish of Orleans State of
! Louisiana, duly commissioned. sworn and
! Iualhed, and in the presence of the wit.
HtSseS hereinafter named and under
signed, personally came and appeared the
| several parties whose names are horpunto
| subscribed. who Severally declared that
awaiting themselves of the laws of the
state or Louisiana, in such eases made
and provided. they have cOvenonted md
agreed. and do, by these presents. cove.
nant and agree, and bind themselves. as
Wen as all other persons who may here
hIter become associated with them TO form
a corporation and body polite. in law. for
the objects and purposes. and under the
articles and StipulatiOns following to.wit
ARTICLE THE name of this cor
pordloh snail ne Pan-American Cigar Co
Inc, and under its said corporate name
II shall have power and authority and en-.
JOY corporate existence and succession
Ior the full term Of ninety nine years
b" sued, to make and use corporate seal
ana to alter and break the same nj pleas
| ure; to acquire by gift. grant or other
wise, receive. hypOthecate. convey. sell
| property. real personal and mixed TO Is
| sue negotiable bonds and notes, or other
evidences of debt, to name and appoint
Such managers, agents. directors and of
| hcers. as its business interest and con
venlence may require; to make and eS-
tabllsh, as well as to alter and amend
from time to time. such bylaws. rules and
regulations for the proper management of
the affairs Of this corporation. as the same
! may be necessary and proper: said cor
pOratloh shall have further power TO az
| qulre; sell and dispose of the capital stock
| IN other corporations: and further to en-
| JOY and exercise all the rights and privi
| leges and grants under the laws of this
| state, and more particularly under Act 267
| or the Louisiana Legislature of 1914
| ARTICLE 1.-THE objects and DUR
| poses for which this corporation is or.
| ganlzed. and the nature of the business to
| 10 be:
The manufacture and sale of cigars. and
| such other business as may be incidental
thereto or connected Herewith
ARIitLE lll.-The capital stock Of this
corporation is hereby fixed at the sum Of
thirty thousand $3.50 ,OOOOO) dollars, TO be
represented by three hundred 1900 shares
Of the par value Of one hundred 800 90,
dollars each, payable at such time and
under such conditions as the Board Of
directors may determine. This corpora.
tlon shall be going concern and au.
th0rized to do business, as soon as fifty
500 per cent Of its authorized capital shall
Dt eubstTlDtu IOf, ana AT least NIFTY l.p)l
per cent OF all stock so subscribed for
shall be paid for. Stock of this company
snail only be issued for cash, or for serv-
ices rendered, merchandise, property or
other valuable considerations, ehuring to
this corporation, Accounting to the ex.
elusive Judgment and findings of the Board
OF Directors thereof.
ARTICLE IV.-In the event any holder
or owner Of stock, as well as his widow.
estate or heirs. desires to sell or dispose
of the same, such holder or owner. as well
as his widow, estate or heirs must first
tender such stock to the other stockhold- /
ers, through the Board of Directors for
purchase for a period of thirty days in
writing, at the price OF said stock on the !
books OF the corporation, and during such |
period Of thirty days, the said stock |
holders shall have the exclusive right TO /
accept or reject the purchase of said |
stock. as they may elect; and in the event |
said stockholders, through said Board /
shall fail to make said purchase within |
the said period at the price offered. IN
der the conditions aforesaid. then and in
that event, the stakeholder or stockhold-