The herald., 1912-07-04

elsewhere; 10 construct and erect buildings
ana other improvements on the property II
may acquire; to operate lease, mortgage, or
sell the same ito deal In mortgage notes,
bonds, and other securities and generally to
do all things incident to the purposes afore-
said.
ARTICLE FOURTH.
The capital stock of said corporation is
hereby fixed at two hundred thousand dol
lars, divided into or represented by two thou
sand shares OF one hundred dollars each.
Said stock shall be paid for In cash at the
time OF subscription, or the same may be is
sued at not less than par In payment Of
property actually received or purchased by
said corporation or labor done and money
actually received. Said company shall com
mence business as soon as one hundred
shares of the stock shall have been sub
scribed for. Each share of stock shall be
entitled TO one vote at all meetings Of the
ARTICLE FIFTH.
All the corporate powers of said corpo-
ration shall be vested in and exercised by
board OF directors 10 be composed OF FIVE
stockholders TO be elected annually on the
second Monday in June of each year; which
election shall be held at the office OF the
company, and ten days prior notice thereof
in writing shall have. been mailed to each
stakeholder by transmission Of such notice
by mail addressed to him or her at the last
known place of residence; as also ten days
prior notice by publication in one OF the
daily newspapers OF the city OF New Orleans.
Said board OF directors at Its first meeting
snail erect one OF their numDer TO be DreSl-
dent OF said corporation, another to be vice.
president, and secretary who shall act as
treasurer Vacancies occurring In said board
shall be filed by the remaining members. A
rector to act for him in his absence. Said
board may make and establish as well as
alter and amend at pleasure all bylaws,
rules, and regulations as II may deem neces-
sary for the management OF the affairs OF the
company. Said board shall have power to
contract debts, borrow money, Issue notes
and bonds and other obligations, execute
mortgages, ALLEVIATE and lease property, and
TO do and perform all such acts as may be
necessary to carry out the purposes OF said
corporation. George A. Hero. Alfred o.
Hero. Numa C. Hero Charles VI. Hero, and
william s. Hero, with said Geo. A. Hero as
president. Alfred o. Hero as vlce-president,
and said Numa c. Hero as secretary and
treasurer, have been chosen and selected as
the first board OF directors TO serve as such
until the second Monday OF June. A. ID.
nineteen hundred and thirteen, or until their
successors shall have been elected.
ARTICLE SIXTH.
Whenever this corporation Is dissolved,
either by limitation or otherwise, its affairs
shall be liquidated by three commissioners
TO be appointed by vote Of three-fourths Of
its capital stock at a general meeting Of its
stockholders convened for such purpose, az
ter ten days prior notice In writing OF such
meeting shall have been mailed to each stock
holder at his last known place OF residence
by the secretary Of the company, as also ten
days notice OF such meeting shall be pub
llshed in one OF the daily newspapers pub
lished in New Orleans In case of the
death OF any OF said commissioners the
survivors shall continue to act until final
liquidation.
ARTICLE SEVENTH.
This charter may be altered or changed
at any general or special meeting held after
notices as prescribed In the previous sec
ton. and by a vote OF three-fourths OF
amount of its .p capital 4 s sTc1iru
No stakeholder shall ever be held liable
or responsible for the faults or contracts OF
said corporation In any further sum than
the unpaid balance that may be unpaid on
the stock owned by him, nor shall any In
Formally In organization render this char
ter null, and OF exposing any stakeholder
to any liability beyond the amount unpaid
on his stock.
Thus done and passed in nv office in New
Orleans aforesaid, in the presence OF John
J. Ward and William +. Cheney, witnesses,
both OF this city, who hereunto sign their
names with the parties and me. the said
notary, the day and date aforesaid.
! Original slgned) Geo. A. Hero, 90
| shares; A. o. Hero, 1 share; n. G. Hero 1
share; w. s. Hero, share; c. NJ Hero,
| share. Jno. J. Ward, W. z. Cheney.
ANDREW HERO, JR, Not Pub
/, the undersigned, recorder of mortgages
In and for the parish Of Orleans, state Of
| Louisiana, do hereby certify that the above
AID foregoing act Of Incorporation OF the
Hero Company was this day duly recorded
in my office In book 1855, folio :.
New Orleans June 14th, 1912
(Sgned) EMILE LEONARD, d. r.
certify that the above and foregoing IS
true copy OF the original act on Gle and
extant In my notarial records.
New Orleans, Ia, June 14th, A. ID. 1912
ANDREW HERO, JR.. Not. Pub.
june 20 p july II IS 25 1912