The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-25

BE 1t known. that on this tenth (1Othl
day Of the month Of April, in the year OF
our Lord one thousand nine hundred and
twelve. before me, Charles Schneidau. a no
tary public. duly commissioned and quail
fed in and for the parish of Orleans, state
of Louisiana. and in the presence OF the wit
neSSes hereinafter named and undersigned,
personally came and appeared the parties
whose names are hereunto subscribed, who
severally declared, that, availing themselves
OF the provisions of the laws OF this state
relative TO corporations, and especially of
the provisions OF Act No. as OF 1904 OF the
General Assembly OF Louisiana, they have
covenanted and agreed and by these presents
do covenant, agree and bind themselves, as
well such other persons as may here
after become associated with them, TO form
and constitute a corporation and body poll
under the stipulations, articles and condi-
lions following, to-wit:
ARTICLE I.
The name and title Of this corporation
shall be .HEROWAIL COMPANY and 1t
shall exist and continue for a term OF ff-
teen (1J) years from the date hereof. 1t
shall have its domicile at New Orleans, In
the parish of Orleans, state OF Louisiana.
The president of said corporation, or, In
his absence, the secretary treasurer thereof,
shall be the proper officer upon whom all
citations and all other legal process shall
be served.
The objects and purposes for which this
corporation Is organized, and the nature OF
the business to be carried on by Ii are here
by declared to be: To purchase, acquire,
hold, receive, sell, convey, ALLEVIATE. mort
gage, hypOthecate, improve and develop real
estate and the buildings and improvements
thereon.
This corporation shall have power and
authority, under its said corporate name, to
to no n
use a corporate seal, and the same to break
or alter at pleasure; to acquire. receive, ac-
cept, purchase, buy, lease, hold. improve,
cultivate. mortgage, hypothecate. sell,
pledge, exchange, convey, possess, use, en-
JOY. sell, ALLEVIATE and otherwise dispose or
property, both real and personal to borrow
and loan money; to give and receive Sc,
curities therefor to build and operate and
subsidze railroads and tramways TO be oper-
ated by horse electric, steam, or other mo
tive power; to dig canals; to install and
operate pumping stations and other WORKS
for drainage purposes to pave streets; TO
operate electric and other light and power
plants: all within the limitations as I'M
posed by Article III Of this charter: to
name and appoint such managers; oincers;
directors or agents as the necessities and
conveniences OF this corporation may re-
quire: to make and establish such bylaws
for the proper management and regulation
of the affairs of the said corporation as
may be proper, and the same to alter and
amend at pleasure.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at fifty thousand dollars $780,
600 OO), divided into and represented by nve
hundred shares Of the par value or one nun
dred dollars (sIOO.OO) each. Payments for
said stock shall be made In cash, or Its
equivalent, at such times, In such amounts;
and upon such notice as may be prescribed
by the board Of directors, and such corpo'
ration Is authorized to begin business as
soon as fifteen thousand dollars tSl5,-
900. OO) of said capital stock is subscribed
for. The stock OF said corporation may De
transferred provided such transfer be made
on the books of the corporation, at Its once
at New Orleans, Louisiana, and on the
surrender Of the stock certificate. No trans.
fer of any fractional part Of share shall
be made.
All the corporate powers Of this corpo-
ration are hereby vested In a board or three
directors Two members of said board shall
constitute a quorum for the transaction OF
business, and their acts shall constitute cor
porate acts. The board of directors herein
after named together with the officers elect
ed by them, shall continue In Office during
the life of this corporation, or until their
successors shall have been elected and In
Quoted into Office. The election shall be
either by ballot or uiUd UOce. A majority
of the votes cast shall elect and one vote
shall be allowed for each share or stock to
the owner thereof appearing upon the stock
book of this corporation, In person, or , oy
occurring In said board from any cause
shall be filled for the unexpired term Dy the
remaining director or directors. director
may, by written proxy, designate any otner
meetings of the board Of directors and such
proxy shall have authority to do and per
form all acts and things at such meetings
as could be done by his principal, were sucn
principal personally present.
ARTICLE vi.
The first board OF directors Of this corpo-
ration shall be composed Of George Alfred
Hero. VIM Winans Wall and Alfred .. Hero,
with George Alfred Hero as president, VIM;
winans Wall as vice7president, and Alfred
o. Hero as secretary treasurer. IL, for any
reason such president, or vice-president,
should cease to be a director, or stockholoer,
of this corporation, then, and In that event
his Office shall ipso fdctO become and remain
vacant unit Ibis successor shall have been
elected and indicted into Office. The board
OF directors may be called to meet at any
time, after one days notice. at the call oil
the president, or in his default, OF the vice
president or in default Of both, at the
cali of a majority OF the board OF directors
No director or other officer Of this corpo
ration shall receive a salary for services
rendered as such.
ARTICLE VII.
Whenever this corporation Is dissolved
either by limitation, or from any otnel
cause. its Affairs shall be liquidated under
the superintendepce of three hquidators OF
commissioners, to be appointed Tor that pur
pose from among the stockholders Of the
corporation, at a general meeting OF tins
stockholders, convened Ior tnat purpose al y,
postofice address of each stakeholder, al
the same appears on the stock book Of