The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-06
CHARTER.

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 and
electrical repair plant or plants for both
marine and general services; to conduct
and maintain and operate a 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 general busl-
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.
of this corporation shall be vested in and
exercised by 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, Prest-
dent. Vice President. and Secretary
Treasurer.
The first Board Of Directors shall he
Edward y. Mylie. S5I CarOndelet street ;
Florence King, So CarOndelet street, and
Frank W. Warner. NJ 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 direHors 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
forth by Section Seven 90 Of Act 287
Of the year 1914, and shall be duly en-
ployed by and through the Board Of
Directors.
The duties Of the several officers shall
be set forth in the bylaws. which will
be adopted by the Board of Directors
and amended or altered at their will.
ARTICLE vi. No stakeholder Of this
corporation shall ever be liable for any
debt of the corporation other than the
unpaid portion of their subscription to
stock. and no informality herein shall
subject them to such liability.
ARTICLE VII Amendment of this
charter or liquidation of the corporation
shall be subject to the rules laid down
in Act 267 Of the Louisiana Legislature
Of 1914. The capital stock of this cor
poration may be increased by amend
ment Of this charter to any amount not
exceeding the sum Of Fifty Thousand
Dollars ($5O.OOOO0).
Thus done and signed on the day and
date first hereinabove mentioned, in the
City of New Orleans, in the presence Of
p. +. Burlington, Jr., and c. o. Sperier,
competent witnesses, and me, Notary
after a due reading Of the whole. the
subscribers setting opposite their names
the amount of stock they subscribe for.
making this an original subscription list
Original signed: r. N. Mylie. S57
Carondelet Street, New Orleans. 1 share;
Frank Warner SS7 Carondelet Street.
New Orleans. 1 share: Florence King, So
Carondelet Street. New Orleans. share.
Witnesses:
c. o. SPERIEP.
p. f. EDRINGTON. JR.
WARREN v. MILLER.
Notary Public.
i, the undersigned Recorder Of Mort
cages, i'm and for the Parish of Orleans
State of Louisiana. do hereby certify that
the above and foregoing act of incor-
poration Of the PANAMA COMPANY
INC, was this day duly recorded in my
office in book 1888. folio 17S.
New Orleans, March %. 1922.
(Signed) ROBT. SCOTT.
by. Rec.
true copy Of the original on file in
my office,
WARREN V. MILLER.
Notary Public.
Apr. 6-May IL