The herald., 1912-08-01

elsewhere TO construct and erect buildings
anu other improvements on the property IL
| may acquire; to operate, lease mortgage. or
sell the same ito deal in mortgage notes
bonds, and other securities; and generally to
| said.
ARTICLE FOURTH.
Inc capital stock OF said corporation IA
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
tlme or subscription, or the same NAV be is
sueu at NOT less than par In payment of
property actually received or purchased bv
sald corporation or labor done and money
actually received. Said company shall com.
nence business as soon as one hundred
shares or the stock shall have been sub
scribed for. Each share of stock shall no
entitled to one vote at all meetings Of the
stockholders.
ARTICLE FIFTH.
All the corporate powers of said corpo-
ration snail be vested in and exercised bv
board OF directors to be composed OF Ave
stOckhoIders TO be elected annually on the
second Monday In June of each wear 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
stoekholder by transmission OF such notice
Dy 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
daiiy newspapers OF the city of New Orleans
Sald board or directors at its first meeting
shall eject one OF their number to be presi-
dent or said corporation, another TO be vice
president, and secretary who shall act as
treasurer Vacancies occurring In said board
S ,,5 De MED by the remaining members. A
director may give his proxy 10 another d.
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 Il may deem neces-
sary for the management Of the affairs OF the
company. said board all have power to
contract debts. borrow money, issue notes
and bonds and other OBLIGATIONS execute
mortgages, ALLEVIATE and lease propertv' and
TO do and perform all snch acts as may be
necessary to carry out the purposes OF said
corporation. George A. Hero, Alfred o.
william 5. Hero, with said Geo A. Hero as
president, Alfred o. Hero as vice-presIdent
and said Numa G.. Hero as secretary and
treasurer tT 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 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
10 be appointed by vote OF three-fourths of
It's 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
hoider at MS last known place of residence
W
days notice OF such meeting shall be pub
iished In one OF the daily newspapers pub-
llshed In New Orleans. In case OF the
death OF any OF said commissioners the
survivors shall continue TO act until Anal
liquidation.
ARTICLE SEVENTH.
This charter may be altered or changed
at any general or special meeting held after
notices as prescribed In the previous see
ton, and by vote Of three-fourths Of
amount OF its capital stock.
ARTICLE EIGHTH
No stakeholder shall ever be held liable
Or responsible for the faults or contracts of
said corporation In any further sum than
me unpaid balance that may be unpaid on
The stock owned by him. nor shall apy in
formallty In organization render this char
Ter null, and OF exposing any stakeholder
On his stock.
Thus done and passed In my Office in New
Orleans aforesaid. in the presence OF John
J. Ward and William f. Cheney. witnesses
both Of this city, who hereunto sign their
names with the parties and me. the said
notary, the day and date aforesaid
,bo Original o.. q signed n) Geo: 4, Hero, %
share; W. S. Hero, 1 share c. NJ. Hero,
share. Jno. J. Ward. W. F. Cheney.
ANDREW HERO, JR, Not Pub
|. the undersigned, recorder OF mortgages
IN and for the parish OF Orleans, state OF
and 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.
(Signed) EMILE LEONARD, d. R
certify that the above and foregoing Is
a true copy of the original act on Ale and
extant In my notarial records.
New Orleans, Ia, June 18th, A. ID. 1912
ANDREW HERO, JR.. Not. Pub.
june 20 p july II IS rs 1912