The herald., 1922-04-13
CHARTER.
CHARTER OF
THE PANAMA COMPANY, INC.

THE PANAMA COMPANY, INC.
United States of America, State Of
Louisiana, Parish of Orleans, City OF
New Orleans. Be it known that on this
18th day of the month of March, in the
year of our Lord. nineteen hundred and
twenty-five, before me, WARREN V.
MILLER, Notary Public, duly COM
missioned and qualified, in and for the
Parish of Orleans, State OF LOUISIANA
and in the presence of the hereinafter
named and undersigned witnesses, per-
sonally came and appeared the several
persons whose names are hereunto sub
scribed and who severally declared that
availing themselves and those they rep
resent, as well as those who may here
matter become associated with them, OF
the general laws of the State of Louisiana
in such cases made and provided, they
have formed and organized, and by these
presents form themselves as well as those
they represent and such others as may
hereafter become associated with them
into a corporation and body polite In
law, for the objects and purposes in the
following articles set forth and expressed
which they adopt as their charter.
ARTICLE /. The name and title of
this corporation is and shall be THE
PANAMA COMPANY, INC, and 1t shall
exist and enjoy succession by its cor
porate name for a period Of ninety nine
(99) years from the date hereof, with
all the rights, privileges and powers nov
or hereafter conferred by law upon trad
ing corporations. Its domicile shall De
in the City OF New CLEANS, and all clta-
lions and legal services shall be made
upon the President, Vice-President OF
Secretary, in the order named.
ARTICLE ii. The capital stock OF this
corporation Is hereby fixed at the sum
of Forty Thousand Dollars S40,OOoOO).
which shall be divided into and repre-
scented by 1000 shares at the par value
Of $1,000 per share. Stock may be paid
for in money, services rendered the cor
poration, or any property regularly
transferred to the corporation, or for
anything of value, all as shall be de-
termined by the Board Of Directors.
ARTICLE III. The objects and pur-
poses of this corporation and for which
IL is organized are hereby declared to
be: To conduct and maintain, either as
principal or agents, machine and cleo
trical shops and battery service stations.
and to buy, sell and otherwise deal in,
at retail or wholesale, all machinery,
equipment, accessories and all electrical
appliances and apparatus and accessories,
and TO conduct general mechanical ana
electrical repair plant or plants for both
marine and general services; to conduct
and maintain and operate general ship
chandlery business In all Of its branches;
to conduct and maintain a general ship
ping and forwarding business in all OF
its branches; to conduct and MAINTAIN
the general business Of shipping brokers;
to conduct and maintain a general busi-
ness as ship agents; to own, buy, sell.
lease or otherwise deal with or maintain
and operate shipping lines, towboats,
barges. or any and all craft or crafts
pertaining to marine shipping or marine
services, and in general to do any or
all things pertaining to the above and
foregoing objects and not contradictory
thereto. IL is to be understood that the
company may operate at one time either
any or all of said business as the Board
of Directors shall determine from time
to time. and that the above set forth
clauses are empowering and do not limit
or restrict any other clause.
ARTICLE Nv. The corporate powers
of this corporation shall be vested In and
exercised by a board of three directors,
the majority of whom shall constitute
a quorum for the transaction of business
From the Board Of Directors shall be
chosen three officers, namely, Presi-
dent, a Vice-President, and a Secretary
Treasurer.
The first Board Of Directors shall be:
Edward N. Mylie, s57 Carondelet street
Florence King, S57 Carondelet street, and
Frank W. Warner, S5I Carondelet street,
with the said Edward N. Mylie as Pres
ident, the said Florence King as Vice
President, and the said Frank W. War |
ner as Secretary Treasurer, and said
directors and officers shall serve until
the second Monday in January, 1924, or
until their successors are duly qualified |
and elected.
Absent directors may vote at any direc- |
tors meeting by proxy in writing. |
given to another director, made for a |
specific or particular meeting.
ARTICLE V. The corporate powers of |
this corporation are expressed and set |