The herald., 1912-05-16

tary public, duly commissions and GuaIi
ned in and for the parish Of Orleans state
OF LOUISIANA, ana In the presence Of the wit
neSSeS hereinafter named and undersigned
personally came and appeared the parties
whose names are hpreuntO subscribed, who
severally declared, that, availing themselves
or the provisions OF the laws OF this stat,
relative 10 corporations. and especially OF
the provisions Of Act No. IS 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 NAV here
after become associated with them. to form
and constitute corporation and body poll
tic in law for the purposes and objects and
under the stipuatiOnS, articles and condl
tons following, to-wit:
ARTICLE I.
The name and title Of this corporation
shall be "HEROWAiL COMPANY, and i
shall exist and continue for a term OF IF.
teen f15D years from the date hereof. Ii
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.
ARTICLE II.
The objects and purposes for which this
corporation Is organized and the nature of
the business 10 be carried on by IL are here.
hold. receive. sell, convey, ALLEVIATE, mort.
gage. hypOthecate, improve and develop real
estate and the buildings and improvements
ARTICLE III.
This corporation shall have power and
authority, under its said corporate name, 10
contract to sue and be sued; TO make and
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 OF
property, both real and personal; to borrow
and loan money; to give ana receive Sc,
curities therefor: TO build and operate and
substitute 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
operate electric and other light and power
plants; all within the limitations as I'M
posed by Article III OF this charter; 10
name and appoint such managers: ofhcers
directors or agents as the necessities and
conyeniences OF this corporation may re-
uuire to make and establish such bylaws
for the proper management ana regulatoh
of the affairs of the said corporation a,
may be proper, and the same 10 AFTER snu
amend at pleasure.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at fifty thousand dollars 800
900 O0), divided into and represented oy nve
hundred shares OF the par value or one nun.
dred dollars $500. OO) each. Payments for
said stock shall be made In cash, or II,
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 lSi0.,
600. OO of said capital stock Is subscribed
for. The stock OF said corporation may 9e
transferred, provided such transfer De mane e
on the books of the corporation. at its once
at New Orleans, Louisiana, and on tne
surrender OF the stock certificate. No trans.
fer Of any fractional part OF a share shaii
be made.
All the corporate powers Of this corpo-
ration are hereby vested in board or three
directors Two members of said board snail
constitute a quorum for the transaction OF
business and their acts shall constitute cor
porate acts. The board OF directors nereln'
after named, together with the ofncers elect
ed BY them, shall continue In ONCE during
the life of this corporation, or until their
successors shall have been elected and In
Quoted into Office. The election shall De
either by ballot or riud vOce. majority
of the votes cast shall elect and one vote
shall be allowed for each share OF stock 10
the owner thereof appearing upon the stock
book of this corporation, In person, or oy
written proxy. Any vacancy or vacanc,es
shall be filled for the unexpired term by the
remaining director or directors. director
may, by written proxy, designate any otheT
director to represent him az any 10 or al, al,
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 aired
Hero. VIM. Winans Wall and Alfred o. Hero
with George Alfred Hero as president m
Winans Wall as vice-president, ana AHreu
o. Hero as secretary treasurer. II, IoT any
reason such president, or vice-president,
should cease to be a director, or stockholder,
of this corporation, then, and In that event,
his office shall ipso fdct0 become ana remain
vacant unit Ibis successor shall nave oer -
of directors may be called to meet at any
time. after one days notice. at the can OF
the president, or in his default, OF the vice
president, or In default OF potn, az sne
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
the superintendence of three Hquidators OF
commissioners to be appointed for thar pur-
nose from among the stockholders OF tne
at general meeting OF tne
convened for that purpose ar
fer five DAYS prior notice directed 10 tne
oostoffice address OF each stockholder, as
the same appears on the STOCK ooos vi
this corporation, and ON the assem- Oh lh i
ma iorfty in amount of the capltal STOCK;
The said liuuidators or commissioners snaIi
remain in Office until the affairs OF tne COZ
noratIon shall have been fully lquldated.
tny vacancy occurring among them, from
any cause whatever, shall be nlied Dy the
remaining commissioners or liquldators, WIG
shall moreover continue to act during sucn
vacancy: and when such LIQUIDATION shaIl
have been completed. said liguldators s SILL
present a full report and account thereol
10 a meeting of the stockholders called 1ol
that nurnose. after five days notice as
aforesaid. and they shall, five days prior u
such meeting, also mail copy OF SAID re
mort and account to each stockholder az u e
% doing they shall forfeit all compensation
for their services as liqutdators.
ARTICLE VIII.
This charter may he amended, altered. OF
changed by a vote OF fiye-siKths, In amount
OF the capital stock, or this corporation
NAV he dissolved by a vote of seven-eighths
In amount of the capital stock, at uee.
ing Of The stockholders, convened TOT sucI
nnypos.. after five days previous NOTICE OF
The meeting shall have been. given In the
manner hereinaboye provided.
ARTICLE TX.
No stakeholder shall ever be liable or re
snonsible for the contracts or faults or thl'
corporation in any further sum tn ma s+o IN