The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
Apr. | May q.


United States Of America. State of Lou
I>iana. Parish of Orleans. City OF New Or
leans. lie il known. That on this twenty
second day of March. in the year of our
Lord one thousand nine hundred and
twenty and of the Independence of the
nited states Of America the one hun
dred and forty fourth. before me. James
Iacharie Spearing. "a Notary Public in
and for the Parish of Orleans State of
Louisiana. duly commissioned and Uuali-
fled and in the presence of the witnesses
hereinafter named and undersigned. per
Sonally came aud appeared the parties
whose names are hereuntO subscribed who
>ev"rally derlared that. availing them
selves % the provisions of the laws of
TINS StattA relative to the organization of
corporations in this state and the organ
ization and formation thereof. they have
coyenanted and agreed and do by these
presents covrnant. agree and bind them
selves a. well as such other persons who
may hereafter become associated with
them or their Successors. to form and con
Stitute corporation or body polite in
law for tibet objects and purposes and un-
der the agreements and StipulationS fol
lowing. tO-Wit.
ARTICLE 1.-The name and style of
this Corporation shall be- Go-RO Company.
Incorporated. ana by that uam" il shall
have power and authority to exist and en-
JOY succession for the full term and period
of ninety nine years. commencing on and
10 be- computed from and after the date
and day hereof
ARTICLE 1.-THE domicilr of this cor
pOration shall be in the city of New Or
leans. State of Louisiana. All citations
and other legal process shall be served
upon the President of said Corporation.
or aSe of his absence or inability to
act. mon the Vice President: or. in the
abS"uc" or inability of both the PrcSi-
dent and Vice President to act, then upon
the Secretary. Treasurer of this Company.
The President shall be the executive Off
Ger of this Corporation; he shall preside
AT meetings of the Board of Directors and
stockholders.
ARTICLE III.-The objects and pur-
poses for which this corporation iS eStah-
li>hed and the nature of the business to
be carried on by il are hereby declared
TO be as follows tO-wit: To make and
manufactures. aud to acquire. purchase.
use, hold lease, deal in. sell and dispose
of water heaters of all kinds. and any
either mechanical device. heating system
or the like. iron or other kinds of pipes,
plumbing fixtures. and the various parts
or accessories or adjuncts thereto: to
erect, put up and install or operate the
same or any part or portion thereof; TO
acquire, construct, maintain and operate
factories of any or all of the above named
articles and their accessories: to acquire.
purchase, receive and hold the patent or
other right or privilege to make or man
ufacture any, or all of the articles named
or referred to. and generally to do all
things necessary or convenient to proper
ly conduct the business of this corpora
ton.
ARTICLE Iy.-This corporation may
sue and be sued in its corporate name /;
hold. have, receive, purchase convey, sell.
mortgage, hypOthecate. pledge, lease and
suitcase. aud enjoy, real, personal and
mixed property; also borrow money, make
and issue notes and bonds: make con-
tracts; receive grants of land, or of per-
sOnal property; and make and use a cor
porate seal, the same to alter or break
at pleasure. but the failure to have n seal
shall not invalidate any of the acts or pro-
ceedings of this corporation: name and
appoint such managers. directors, officers.
clerks and agents as the interest and con-
venience of said corporation may require :;
and through its Board of Directors make
and establish such bylaws. rules and
regulations for the proper management
and regulation of the affairs of said cor
pOratiOn as may be necessary. and the
same to alter and change at pleasure, and
shall possess all the rights. powers and
privileges to which corporations are or
may be by any general law or laws of
this State authorized and entitled to pos
Sess. Said corporation may exercise its
corporate powers within any other State
or territory i'm the United States or for
eign country that shall permit the same.
ARTIVLE N.-ThP capital stock of this
corporation is hereby fixed at the sum Of
nine hundred thousand X OO/1OO $500.
OOO.OO) dollars. represented by nine thOuS-
90 100 (Sl0O.OO) dollars each of which five
hundred thousand x O0/l0O $500. 100000
dollars shall he eight per cent cumula-
tive participating preferred stock. and
four hundred thousand X 90 100 ($40O.-
OOO.OOl dollars shall be common stock. All
stock subscribed for shall be payable at
such times and on such terms and cOndi-
tons as the Board of Directors may from
time TO time fix and determine in each
particular ease or by general resolution
or the Board of Directors may issue GER
tificateS of paid-up stock in payment Of
property or goods actually delivered to
this corporation or for services actually
rendered to it. or for rights, privileges or
franchises transferred to it. the valuation
IN each instance TO be agreed to by the
Board of Directors, which shall have full
and final power to do so. Said capital
stock may be increased to the sum of
three million & 90 100 ($3. 600, 000.00) dol
lars in the manner provided for by the
laws of this State. Whenever an increase
of said capital stack shall have been au-
thorized thirty days written or printed
notice thereof shall be given by publica-
ton in one of the daily newspapers pub
liShed in the City of New Orleans within
which time persons holding stock in this
corporation shall have the right to sub
scribe for said increased stock in proper
ton to the number of shares of stock
then held by them. and which additional
shares shall be paid for as the Board of
Directors may direct. After the expira-
ton of said time the Board Of Directors
may dispose Of the shares not taken for
the benefit Of the Company in such man.
ner and on such terms and conditions as