The herald., 1912-06-20

Il
Be IL known, that on this thirteenth day
Of June in the year OF our Lord one thou
sand nine hundred and twelve. and OF the
| independence of the United States OF Amerl-
ca the one hundred and thirty-sixth, before
me. Andrew Hero, Jr., a notary public In
and for the parish OF Orleans, state of Lou
isiana, duly commissioned and qualified, and
\ in the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared the several persons, whose names
are hereto subscribed, who Severally declared
that availing themselves OF the provisions OF
the laws of Louisiana relative TO the organl-
zation of corporations, they have cOvenanted
and agreed and do by these presents mutu-
ally contract covenant, and agree and bind
themselves as well as all such persons who
may hereafter become associated with them
| to form and constitute a corporation and
body polite in law for the objects and pur-
poses and under the agreements and stipula-
| tiOnS following tO-wit:
| ARTICLE FIRST.
The name and title of said corporation
| shall be HERO COMPANY and under that
name, said corporation shall have power and
| authority to exist and have and enjoy sue
cessiOn for a period of ninety nine years from
| the date hereof; to contract, sue, and be
sued TO make and use corporate seal, and
| the same TO break or change at pleasure to
hold receive, purchase, lease, ALLEVIATE, and
| convey. as well as to mortgage and hypothe-
| cate property, real and personal; to issue
stocks and bonds therefor; to name and ap-
| point such directors officers, or agents as
l
| quire and to make and establish such by
i laws, rules, and regulations for the manage
ment of the affairs of said corporation as
may be necessary and proper; and generally
/ to do and perform all such acts as may be
i proper and necessary to carry out and exc
cute the purposes of this corporation.
i ARTICLE SECOND.
| The dOmicile of said corporation shall be
| in the city of New Orleans, state of Louisi-
/ ana and It may establish offices and transact
business wherever Ii may be decreed advisa-
BILE by its board Of directors. Citation and
all legal process shall be served upon the
president of said corporation, or in his alb
| sence upon the secretary of the corporation.
i ARTICLE THIRD.
/ The objects and purposes for which this
corporation is established and the nature of
/ the business to be carried on by 1t are de-
| clared and specified TO be a general real es-
| tate business; to acquire, hold, buy, lease
| and sell real estate in this city and state OF
| elsewhere; to construct and erect buildings
| and other improvements on the property 1t
i 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.
j ARTICLE FOURTH.
| The capital stock of said corporation Is
hereby fixed at two hundred thousand dol
i 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
i 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
| stockholders.
ARTICLE FIFTH.
Il AL the corporate powers of said corpo-
ration shall be vested in and exercised by
board of directors to be composed Of FIVE
lutn hnlA lAnrc a. H. IL 4AI L.
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
stockh0der 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
shall elect one of their number to be presi-
dent OF said corporation, another to be vice.
president, and secretary who shall act as
treasurer. Vacancies occurring in said board
shall be filled by the remaining members. A
director may give his proxy to another di-
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 1t may deem neces-
lsary for the management of the affairs of the
company. Said board shall have power to
contract debts, borrow money, issue note'
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 NJ. Hero and
William s. Hero, with said Geo A. Hero as
president Alfred o. Hero as vice-president
and said Numa c. Hero as secretary AM
|, treasurer have been chosen and selected as
the first board Of directors to serve as such
until the second Monday of June. "A. d.
nineteen hundred and thirteen, or until theil
successors shall have been elected.
] ARTICLE SIXTH.
whenever this corporation Is dissolved
either by limitation or otherwise. its affairs
shall be liquidated by three commissioner,
to be appointed by a vote of three e-fourths OF
Its capital stock at a general meeting of its
stockholders convened for such purpose, af
ter ten days prior notice In writing of sucl
meeting shall have been mailed to each stock
holder at his last known place Of residence
BY the secretary OF the company. as also ter
days notice of such meeting shall be pub
lished 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
tion, and by vote of three-fourths OF
Il amount Of its capital stock
/ ARTICLE EIGHTH.
4 No stockholder shall ever be held liable
or responsible for the faults or contracts of
/ said corporation In any further sum thar
the unpaid balance that may be unpaid on
| the stock owned BY him, nor shAll any In