The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-30
CHARTER.
CHARTER OF PAN-AMERICNN CIGAR


] CHARTER OF PAN-AMERICAN CIGAI
co. INC.
! lhlted states Of America, State Of Lon
! iSiana, Parish of Orleans. civ of Tav
/ 'FI"ahS he II known. that on this min.
| tyrHth. day of the month Of November il
ne year OF our Lord. one thousand. min
Huhdrtd and twenty. and of the Iudrpcud
enc" of the United States Of Arnprira ~,
one hundred and forty-ffth BEFORE mo
fdSar Mayer Calm. a notary public il
ana for the Parish Of Orleans. state al
LOUISIANA. duly commissioned. sworn ana
HuaIlh"d and in the presence of tho wit
h'SS"S hereinafter named and under
signed, personally came and appeared m,
| several parties whose names arr. hrrnuut,
subscribed, who Sevprallv declared me
/ IldIIIh- themselves of the laws of the
/ state Of Louisiana. in such cases mad,
| nnu PROVIDED they hav" Covenantcd and
! '-F''u, ana do, 10y these presents cove.
! uant and agree. and bind themselves a.
/ Wen as all other persons who may here
| al''F become associated with them 10 form
! n corporation and body polite in law f,r
| IN" objects and purposes. and under tho
! articles ana StipulatiOns following to-wit.
! AK l'LE The name Of This cor.
! Poratlon shall be Pan-American Cigar 60
| INC. ana under its said corporate name
| II shall have power and authority and on.
! JOY corporate existence and succession.
| Tor the full term of ninety-nine wears.
| from the date hereof. to contrgrr sur and
! u" sued, TO make and use corporate sagI
| ana 10 alter and break the same nj pleas
| ure' to acquire by gift. grant or other
wise receive. hypOthecate. convey. sell
lease, pledge. mortgage and DISPOSE of
property, real personal and miXed . n Is
sue negotiable bonds and notes, or other
evidences of debt, to name and appoint
SSuCn managers; agents, directors and of
hcers, as its business interest and CON
Eehlence 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 az
the affairs Of this corporation. as the same
may be necessary and proper: said cor
poratiOn shall have further power 70 40
aulre; sell and dispose of the capital stock
IN other corporations: and further to en-
JOY and exercise all the rights and priv.
lrgeS and grants under the laws of this
STATE. ana more particularly under Act 2G7
OF the Louisiana Legislature of 1914
ARTICLE II.-TRe objects and mr.
poses for which this corporation is or
ganized. and the nature of the business 70
be carried on by it are hereby declared
The manufacture and sale of cigars. and
such other business as may be incidental
thereto re to ,G or =, connected Herewith.
ARTICLE III.-The capital stock of This
corporation is hereby fixed at the sum of
thirty thousand 3OOOOOO) dollars, to be
represented by three hundred (3OO shares
OF the par value of one hundred ($1OOOW |
under such conditions as the Board of |
Directors may determine. This CORPORA |
non shall be a going concern and au.
thOrized TO do business as soon as fftv
De subscribed for, and at least fifty (5Ol
per cent of all stock so subscribed for
snail be paid for. Stock of this company
snail only be issued for cash or for sery- |
ices rendered, merchandise, property or
other valuable considerations, enuring to
this corporation. according TO the ex-
elusive judgment and findings of the Hoard |
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
hn l.
rs his widow, estate or heirs. must first
ender such stock to the other stockhold-
FRS. through the Board of Directors for
purchase for 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
Iccept 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 I
he said period at the price offered I'M I
Ter the conditions aforesaid, then and in '
hat event, the stakeholder or stockhold-
RS desiring to dispose of his stock. may
ell the same to such other person or per-
Ons as he may see fit.
ARTICLE V-The domicile of this cor
oration shall be in the City OF New Or I
cans, La, where all meetings of the stock I
olders or directors must be held, pro-
1ded, that with the written consent of
II directors, valid meetings of the di-
ectOrs may be held outside of the State =
r within the State. elsewhere than at its {
omiCile Citation shall be served upon
ne President, or in the absence or dis
bility of the President. upon the Vice
resident; and in the absence or disabil- 4
y of the latter upon the Secretary. and 7
the absence or disability of the latter T
pom the Treasurer. ,
ARTICLE VI.-All the corporate powers y
this corporation shall be vested in and /
tercised by a Board of Directors, three /
number, all OF whom shall be stock -
elected 10 frs
January of each year, commencing with y
lie first Monday of January, 1922, with "
e understanding that the first Board of >
irectors selected by the stockholders, and >
lmed in this charter, as well as the irst Il
{ OF officers, as herein after named. shall g
I'D office until the first Monday of Jan ~
Try, 1922, or until their successors have al
zen elected and have qualified. Sc
After the election of said Board of Di- D'
ctors, by the holders of stock. as here | %
provided. there shall be elected by said ii
rectors from their own number, the Of al
ers of the corporation, which are as an
lows: First, President: second. TO
&C. President; third, n Secretary; fourth
Treasurer. with the right to combine the So
Y two Offices in one person. a
The first Board of Directors, and the na
icers of this corporation shall be the IN
lowing, and which said Board of Di- re
tors and officers shall serve until the an
ction TO be held on the first Monday of an
nuary, 1922, or until their successors are w,
cted, chosen and qualified. The ad. or
eSSes of said directors and officers are a
opposite their respective names: Her an
n Lesser. President. 300 Decatur ST. caj
W Orleans. La. Robert Friedrich, Sec 40
ary-Treasurer, 300 Decatur St, New Or ~,
ms. La; Jake Kahn, Vice President 800 ~
ratur St, New Orleans. La. ~
lRTlCLE NII.-The annual meeting of az "a
stockholders of this corporation for VI,
election of directors shall be held on eoi
first Monday of January of each year. gu
nmencing with the first Monday of Jan al,
y, 1922. The election for said directors rul
II be by ballot and the majority in ag'
cunt of stock. voting, whether in per as
or by proxy, shall elect the person
whom they are cast; each share of No,
TX voted upon, TO be counted but for ~
Al 80 cr nin ., ,.i slaii hot De en- cit;
he Board of Directors shall give at 81,
L fifteen days notice by mail Of the va va
ton of said directors, and shall ap- nc
IT one or more stockholders to preside 90 %,
such election. Any failure from any cur
Sc whatsoever to elect directors on the A
named for that purpose shall not dis DOS
e this corporation. but the directors the
officers then In Office, shall hold over and