The herald., 1920-12-23
CHARTER.
CHARTER OF PAN-AMERICAN CIGAR

CHARTER OF PAN-AMERICAN CIGAI
| co. INC.
| hlted states OF America, State Of Lou
iSlana' Parish of Orleans, City of New
| orleans. lie II known. that on this niu.
| tcenth. day of the month Of November !,
! IN" year of our Lord. one thousand min.
hundred and twenty. and of the Iudrp.ud
thce OF the United States of America. IN,
on" hundred and forty-iifth Before mo
| f.uEar MAYER Calm. notary public. il
ana Tor IN" Parish Of Orleans State al
Louisiana. duly commissioned sworn AM
PuaHh"d: and IN the presence of the wit
h'NNtS hereinafter named and under.
signed. personally came and anp,orrJ m,
several parties whose names are hrrruut,
subscribed. who severallv declared thar
aNalihG themselves of the laws Of the
state or Louisiana. in such cases mad.
and provided, they have coyeDaDted ana
agreed. and do, 10y these presents cove.
hant and agree. and bind themselves. a.
Vel as all other persons who may here
aIter become associated with them 10 form
a corporation and body polite in law. for
tht objects and purposes and under tho
articles and StipulatiOnS following. to.wit -.
M l'LE The name Of this cor
porau"h snail be Pan-American Cigar Co
Inc, and under its said corporate name
IL snail have power and authority and en-
JOY corporate existence and succession
tor the fnil term of nincty-n nine years.
from the date hereof. to contract sue and
b" sued, to make and use a corporate seal
ana 10 alter and break the same NJ Meas
ure; TO acquire by gift. grant or other
wise receive hypothecate. convey. sell
tease pledge: mortgage and dispose Of.
property, real personal and mixed; TO is
sue negotiable bonds and notes or other
evidences of debt 10 name and appoint
such managers agents, directors and Of
hcers, as its business interest and con-
Vcnlence may require: to make and es-
tahhSh. as we'll as to alter and amend
IRON time TO time. such bylaws rules and
regulations for the proper management of
he affairs of this -.
may be necessary and proper: said cor
poratiOn shall have further power TO aC-
qulre; sell and dispose of the capital stock
IN other corporations: and further 10 on
joy and exercise all the rights and priyi.
ltgeS and grants under the laws of this
state. and more particularly under Act 90
OF me louisiana Legislature of 1914
ARTICLE 1.-THE objects and mr.
poses for which this corporation is or
ganized. and the nature of the business TO
20 be:
The manufacture and sale of cigars. and
such other business as may he incidental
thereto or connected Herewith
ARTICLE lli-The capital stock of this
corporation is hereby fixed at the sum of
thirty thousand 1890 600 OO) dollars. 70 he
represented by three hundred 5000 shares
Of the par value Of one hundred $500 OO |
dollars each, payable at such time and
lnder such conditions as the Board of
Directors may determine This corpora- |
ion shall be a going concern and au- !
horned to do business as soon as fifty |
JO) per cent Of its authorized capital shall |
pc subscribed for. and ut least fifty (5OJ |
ler cent of all stock so subscribed for |
hall be paid for. Stock of this company |
hall only be issued for cash, or for serv-
ceS rendered, merchandise property or
,ther valuable considerations, enuring to
his corporation, according to the eN-
luSive judgment and findings of the Board
# Directors thereof.
ARTICLE IN.-In the event any holder
II owner of stock, as well sas his widow.
state or heirs. desires to sell or diSpose !
( the same such holder or owner as well
$ his widow, estate or heirs. must first
ender such stock TO the other stOckhOld-
RS, through the Board of Directors, for
urchase for period of thirty days in
'riting, at the price Of said stock on the
Ooks of the corporation, and during such
eriOd of thirty days, the said stock
olders shall have the exclusive right to
ccept or reject the purchase of said
took. as they may elect: and in the event
aid stockholders. through said Board
hall fail to make said purchase within
le said period at the price offered. I'M
er the conditions aforesaid. then and in |
nat event, the stakeholder or stockhold-
s desiring to dispose of his stock. may
III the same to such other person or per-
ms as he may see fit.
ARTICLE V.-The domicile Of this cor
DratiOn shall be in the City of New Or. ]
ans. La, where all meetings of the stock
Dlders or directors must be held. pro-
ued. that Win the written consent OF
J directors, valid meetings of the di- |
-ctors may be held outside of the State. =
within the State, elsewhere than at its
Imicile. Citation shall be served upon
e President, or in the absence or dis
Dility of the President, upon the Vice
resident; and in the absence or disabil- /
Y of the latter upon the Secretary. and
the absence or disability of the latter [
BON the Treasurer !
ARTICLE vI.-All the corporate powers !
this corporation shall be vested in and !
ercised by a Board of Directors, three 7
number, all of whom shall be stock :
'lders. to be elected on the first Monday :
January of each year, commencing with =
e first Monday of January, 1922, with =
e understanding that the first Board of
rectOrs selected by the stockholders and :
med in this charter, as well as the first q
of officers. a. herein after named. shall =
Id office until the first Monday of JAN a
ry, 1922, or until their successors have a
en- elected and have qualifiedo :
After the election of said Board OF Di- !! %
tors, by the holders of stock, as here y
provided. there shall be elected by said u
'ectors from their own number, the Of
ars of the corporation. which are as a
lows: First, a President; second. t'
third, a Secretary: fourth.
Treasurer, with the right to combine the s.
{ two Offices in one person. &
rhe first Board of Directors, and the M
GERS of this corporation shall be the II
lowing, and which said Board of Di- 10
tors and officers shall serve until the al
ction TO be held on the first Monday of M
luary, 1922, or until their successors are w
rted. chosen and qualified. The ad- n,
sses of said directors and officers are n
opposite their respective names: Her a,
n Lesser, President. 800 Decatur St, 90
" Orleans. La; Robert Friedrich. Sec 90
lry-T Treasurer, 300 Decatur ST., New Or ~
MS, La; Jake Kahn. Vice President 300 ~
,atur St. New Orleans, La. ~
RT1CLE VII.-The~annual meeting of 90
stockholders of this corporation for c o
election of directors shall be held on ~ ~
first Monday of January Of each year. ~ ~
lmencing with the first Monday of Jan az
Y, 1922. The election for said directors Iu
II be by ballot and the majority in az
,unt of stock. voting, whether in per- as
or by proxy, shall elect the person
whom they are cast; each share of no
k voted upon, to be counted but for Of
vote. Said stock shall not be en- cit
d to cumulative voting. go,
he Board Of Directors shall give at 81
{ fifteen days notice by mail of the ~;
ton Of said directors. and shall an
It one or more stockholders to preside VI,
such election. Any failure from any GU
'e whatsoever to elect directors on the
named for that purpose shall not dis DO
e this corporation. but the directors tn,
officers then In Office, shall hold over q M,