The herald., 1912-05-02

Be it known. that on this tenth (10th(
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
severaly declared, that, availing themselves
OF the provisions of the laws OF this state
the provisions Of Act No. az 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 as such other persons as may here
after become associated with them. TO form
and constitute corporation and body poll
under the stfpulatiOns, articles and condi-
| tons following, tO-wit:
ARTICLE l.
The name and title Of this corporation
shall be "HEROWALL COMPANY and Ii
shall exist and continue for a term OF nj
teen (15) 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
ARTICLE II.
The objects ana purposes LOT WHICH tulS
corporation Is organized. and the nature or
| the business TO be carried on by it 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
contract to sue and be sued; to make ana
use a corporate seal, and the same to break
or alter at pleasure; to acquire, receive, &C
| cept purchase. buy, lease, hold, improve,
cultivate. mortgage, hypothecate, sell
pledge, exchange, convey, possess, use, en-
| low. 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 ana
substitute railroads and tramways 10 De opeI-
ated by horse electric, steam, or other mo,
tive power; to dig canals; to install ana
operate pumping stations and other works
for drainage Purp %S oibep IirSt and power
plants: all within the limitations as I'M
posed by Article III OF this charter 70
name and appoint such MANAGERS on ON enS
directors or agents as the necessities ana
cOnyeniences OF this corporation may re-
ouire to make and establish sucn Dy,Ia"s
| for the proper management ana reguIalon
| of the affairs of the said corporation as
may be proper, and the same 10 alUel anu
amend at pleasure.
AhlliLb ".
The capital stock of this corporation Is
hereby fixed at fifty thousand dollars lsSo,-
OOOOO), divided into and representeo o' hum nIe
dred dollars (S100O0) each. Payments LOT
said stock shall he made In cash, or us
equivalent at such times, in such amounts;
and upon such notice as may be prescriDed
| by the board Of directors, and such corpo-
ration Is authorized to begin business as
soon as fifteen thousand dollars SD,
1 lie sinh
FOR The stock of said corporation may be
| transferred, provided such transfer be mace
on the books of the corporation, at It's once
at New Orleans, Louisiana, and on the
surrender of the stock certificate. No trans
fer of any fractional part OF share snail
~ ARTICLE V.
| All the corporate powers of this corpo-
ration are hereby vested In a board or three
directors. Two members OF said board snail
constitute a quorum for the Transaction OF
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 Ufrd roce. majority
of the votes cast shall elect ana one vote
shall be allowed for each share OF stock TO
the owner thereof appearing upon the STOCK
book of this corporation, In person, or by
written proxy. Any vacancy or vacancies
occurring IN said board from any cause
shall be filled for the unexpired term by the
remaining director or directors director
NAV, by written proxy, designate any other
director to represent him at any or all
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 such
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 u. hero
with George Alfred Hero as president, nm
| Winans Wall as vice-president, and Alfred
o. Hero as secretary-treasurer. III, for any
reason such president, or vice-preSldent
should cease to be director, or stockholoer,
| of this corporation, then, and In that event.
his Office shall ipsO fdcto become ana remain
vacant unit Ibis successor shall nave Deen
elected and indicted into office. The board
OF directors may be called to meet at any
time. after one days notice, at the call or
| the president or In his default. Of the vice
| president or in default OF both, at the
call OF 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 Inv limitation. or from any other
cause. its affairs shall be liquidated under
| the superintendence Of three hquidators or
commissioners to be appointed for that pur-
pose from among the STOCKHOLDERS OF the
| corporation, at a general meeting or the
stockholders. convened for that purpose ar
fer five days' prior notice directed to the
postofice address OF each stockhoider, as
The same appears on the stock book OF