The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-27
CHARTER.
CHARTER OF
THE PANAMA COMPANY. INC

PANAMA
United States of America. State of
Louisiana, Parish of Orleans, City of
New Orleans. Be it known that on this
10th day Of the month of March, in the
year of our Lord, nineteen hundred and
twenty-five, before me, WARREN V.
MILLER, a 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, 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 n 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 1. 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 period of ninety nine
1907 years from the date hereof, with
all the rights, privileges and powers now
or hereafter conferred by law upon trad
ing corporations. Its domicile shall be
in the City of New CLEANS, and all cita-
lions and legal services shall be made
upon the President, Vice-President or
Secretary, in the order named.
ARTICLE ii. The capital stock Of this
corporation Is hereby fixed at the sum
of Forty Thousand Dollars (Sf0,OOO.OO).
which shall be divided into and repre-
sented 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
it 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 a general mechanical and
electrical repair plant or plants for both
marine and general services; to conduct
and maintain and operate general shir
chandlery business In all OF its branches
to conduct and maintain general ship
ping and forwarding business in all OF
III
the general business Of shipping brokers
to conduct and maintain a general bust
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 OF
all things pertaining to the above anc
foregoing objects and not CONTRADICTORY
thereto. 1t Is to be understood that thu
company may operate at one time eithel
| any or all of said business as the BoarC
| of Directors shall determine from tim'
to time. and that the above set fortl
clauses are empowering and do not limi
| or restrict any other clause.
ARTICLE ". The corporate powers
| of this corporation shall be vested in ant
| 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 b.
chosen three officers, namely, Presi
| dent. a ice-President, and a Secretary
| Treasurer.
The first Board of Directors shall be
| Edward N Mylie, S57 Carondelet street
Florence King, S57 Carondelet street. ant
Frank w. Warner, So Carondelet street
| with the said Edward y. Mylie as Pres
ident, the said Florence King as Vice
| President, and the said Frank w. War
| ner as Secretary Treasurer, and SAT-
| directors and officers shall serve unit
the second Monday in January, 1924. o
until their successors are duly qualihe'
and elected.
Absent directors may vote at any direc
| tors meeting by a proxy In writing
| given to another director. made for
| specific or particular meeting.
| ARTICLE V. The corporate powers o
| this corporation are expressed and sc
forth by Section Seven 90 Of Act 70
| of the year 1914, and shall be duly EN-
ployed by and through the Board
| Directors.
| The duties of the several officers shall
| be set forth in the bylaws, which VII
/ be adopted by the Board Of Director
and amended or altered at their will
ARTICLE VI. No stakeholder of thi
| corporation shall ever be liable for an
| debt of the corporation other than Tn
unpaid portion of their subscription {
stock and no infOrmality herein shal
subject them to such liability.
| ARTICLE VII. Amendment OF thi
| charter or liquidation of the corporate
| shall be subject to the rules laid dow
in Act 267 of the Louisiana Legislator
| of 1914. The capital stock of this cor
| poration may be increased by amend
ment of this charter to any amount %Sa nc 10
exceeding the sum OF Fifty Thousan
Dollars (SJOO0O.0O).
Thus done and signed on the day an
date first hereinabove mentioned, in tn
City of New Orleans, in the presence Q
p. +. Darlington, Jr., and Z. U. Sperlel
| competent witnesses, and me- Notar,
after a due reading Of the whole, tn
subscribers setting opposite their. name
the amount of stock they subscribe fol
making this an original subscription lis
Original signed: +. n. Mylie, 81
| Carondelet Street, New Orleans, l snare
| Frank Warner, S57 Carondelet Stree
New Orleans. share: Florence King, s.
Carondelet Street. New Orleans. 1 shar
| Witnesses: