The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09


our Lord one thousand nine hundred and
twelve. before me. Charles Schneidau, no.
tary public, duly commissioned and quail
fled in and for the parish OF Orleans state
or 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 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
tic in law for the purposes and objects and
under the StipulatiOnS, articles and cOndi-
tions following, tO-wit:
ARTICLE I.
The name and title Of this corporation
shall be "HEROWALL COMPANY and IL
shall exist and continue for term OF If
teen (15D 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.
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
olV nj m
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 to be oper-
ated by horse, electric, steam, or other mo-
tive power: to dig canals; to install ana
operate pumping stations and other works
for drainage purposes: to pave streets' 10
operate electric and other Hght ana PoW S
plants all within the limitations as I'M
posed by Article III OF this charter: 10
name and appoint such managers; omcers;
directors or agents as the necessities and
conyeniences of this corporation may re-
ouire to make and establish such bylaws
for the proper management and regulator
of the affairs OF the said corporation as
may be proper. and the same TO alter and
amend at pleasure.
ARTICLE ".
The canital stock Of this corporation Is
hereby fixed at fifty thousand dollars ts9o,-
600 O0) divided into and represented Dy nve
hundred shares OF the par value or one nun
dred dollars ISlOOOO) each. Payments Tor
said stock shall be made in cash, or It's
equivalent at such times, In sucn amounts,
and upon such notice as may De prescrlDeu
BY the board of directors, and such corpo.
ration Is authorized TO begin business a.
soon as fifteen thousand dollars $50,
600 OO) of said capital stock Is suDscrlDeo
for The stock of said corporation may pe
transferred, provided such translet ne n sscs
aft New Orleans, Louisiana, and on tne
surrender of the stock certificate. No trans,
fer OF any fractional part OF share snail
be made
All the corporate powers OF this corpo-
ration are hereby vested In a BOARD OF thre 3i
directors. Two members of said board shall
constitute a quorum for the transaction OIL
business, and their acts shall Constitute COT
norate 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 tneli
successors shall have been elected ana IN
Quoted into office. The election shall Dt
either by ballot or UirG UOce. A majority
Of the votes cast shall elect and one vote
shall be allowed for each share OF stock 70
the owner thereof appearing upon the stock
book of this corporation, IN person, on rcie,
occurring in said board from any cause
shall be filled for the unexpired term py tnt
remaining director or directors. director
may, by written proxy, designate any otnel
director to represent him at any or al
meetings of the board OF directors ana sucl
proxy shall have authority to DO ana per
form all acts and things at sueh meet sncf
as could be done by his principal, were suci
principal personally present.
ARTICLE vi.
The first board OF directors Of this corpo
| ration shall be composed OF George AIret
Hero VIM. winans Wall and Alfred %. hero
with George Alfred Hero as president, Mm
Winans Wall as vice-president, and Alfret
| q Hero as secretary treasurer. III, TOT an.
reason such president, or yice-preslde,nt
should cease to be a director, or stockholuer
of this corporation then, and IN tnat even,
vacant unit Ibis successor snal nave peei
elected and indicted into ONCE. Inc BOAR,
of directors may be called TO meet at an.
time, after one days notice, at tne can 20 y
the president. or in his default, OF the vice
president, or in default OF both, at tn
call of a majority of the board OF DIRECTORS
No director or other omcer Oh tnis 49, -,
| rendered as such.
ARTICLE VII.
Whenever this corporation is dissolved
/ either by limitation, or from any otne
| cause IT'S affairs shall be liquidated unde
| the snnerintendence OF three Hquldators o
| commissioners, to be appointed Tor that pur
| nose from among the STOCKHOLDERS OF N
CORPORATION, at a general meeting OF tn
stockholders, convened for that purpose az
ter FIVE days prior notice directed 10 u
postoffce address OF each stockho.ue., a a
The same appears on the stock book o
| This corporation, and ON the assent OF IN
majority in amount of, the capltai s spai
The said liduidators or commissioners snal
| remain in Office until the affairs OF tne co,
| poration shall have been fully ilquuasteo
Any vacancy occurring among them; lrvI
any cause whatever, shall be nlleu Dy IN
| remaining commissioners or llquldators, WI
| shall moreover continue to act during sue,
| vacancv: and when such liquidat1on shaI
have been completed, said liquldators snal
present a full report and account ihereo
10 A meeting of the stockholders caiieu 10
| that purpose, after five days hotlce
| aforesaid and they shall, five DAYS pror
| snch meeting, also mail copy OF salu r.
| nort and account to each stockholder at n
psnaI Oostofice address, and In default q
30 doing they shall forfeit an COMPENSATE
for their services as liquidators'
ARTICLE VIII.
This charter may be amended, altered, Q
changed by a vote of fve-sixths, In amount
~ the capital stock, or this corporatio
NAV be dissolved by vote OF seven-elgntn!
in amount of the capital stock, az NEE
ing OF the stockholders, convened lot sue
nurpose after five days previous notlce {
The meeting shall have been given IN ID
manner hereinabove provided.