The herald., 1912-08-08
OF HECTOR REALTY COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS CITY M NINM nDT

he IT known, that on this 9Th dav OF
Juiy' IN the year OF our Lord nineteen hun
| dred and twelve, and OF the Independence of
! me United States OF America. the one hun.
! dred and thirty-seyenth, before me. Charles
! J., tietchlnger, notary public duly com
! nlSSiOned and qualified in and for the mar
/ iSh of Orleans, state of Louisiana tbaPair
| residing and in the presence OF the witness
eS hereinafter named and undersigned per-
Sohaliy came and appeared the several per
AOhS' whose names are hereuntO subscribed
VINO Seyerally declared that ayaiIing them,
selves OF the laws OF this state and the con.
Stllution thereof In such cases made and
! provided, they have cOyenanted and do bv
| these presents covenant agree and binI
themselves, as well as such persons as NAV
hereafter become associated with them 10
IoTm ana constitute corporation and body
Politlc IN law Tor the objects and purposes
ana under the terms and conditions follow
Ing. tO-wit:
ARTICLE |.
RMS corporation shall be known rs tho
HECTOR REALTY COMPANY" and "a
Such snail have continuous succession for
h!hety-nlne years, unless sooner dissolved.
anu snail have power to sue and be sued, TO
acquire and hold by purchase, lease or other
wise, property real and personal movable
lmmOYable and mixed, and the same TO sell
tease, mortgage, pledge, hypothecate or 9th
erwlse dispose OF in any and every manner
whatsoever; to draw, make and endorse bills
OF exchange and prOmisSOry notes, and to
issue bonds; to elect and appoint Such of
GERS, directors and agents as the interests
all necessary bylaws and regulations for
the proper management Of its affairs. and
lhe same TO alter, amend or repeal at pleas
ure; and generally to exercise all powers
mat are conferred on corporations organ
lzed for the purposes hereinafter stated
ARTICLE H.
Inc domiclle OF this corporation shall be
at New orleans, In the parish OF Orleans
state or Louisiana and all citations or other
legal process shall be served on the presI.
dent or this corporation, or in the event OF
Ms absence on the secretary treasurer at the
oihce OF the company.
ARTICLE III.
Inc purpose for which this corporation 1.
organized, and the nature OF the business to
be follows
To buy, SELL hold and lease movable, i'm
movable and mixed property Of all descrip- |
tons for any and all purposes Whatsoever.
to improve the same and TO erect bniIding,
and structures of all descriptions TO bor- |
row money and secure the same by mort |
gage, hypothecation and pledge; to lend |
money and secure the same by mortgage |
hypothecation and pledge, and to issue |
bonds; and generally TO carry on any bust |
ness or enterpri se that may be incidental to |
or convenient In the proper and successful |
exercise Of any Of the powers conferred upon
this company by these articles OF incorpora-
ton not inconsistent with the constitution |
and laws OF this state and of the United /
States.
ARTICLE ".
The capital stock Of this corporation Is
hereby fixed at three thousand So 900 OOl
dollars, divided into and represented by
dred dollars each.
All subscriptions shall be paid for In cash.
property or services at such time as the
board or directors shall require.
The corporation shall begin to do bust
ness when three thousand dollars OF the
capital stock shall have been subscribed and
paid.
All transfers Of stock shall be made on
the books of the company, and no transfer
shall be in any way binding on the corpo-
ration unless and until it is made in the
ABOVE described manner.
Each share OF stock shall entitle the own
er thereof, either In person or by proxy, to
cast one vote at all meetings of the stock.
holders
ARTICLE V.
The of1cers OF this corporation shall be a
president and secretary-treasurer
Inc powers OF this corporation shall be
vested in and exercised by a board of dIrec-
tors composed OF the president, the secre-
and one other shareholder.
any two OF whom shall constitute a quorum
lf the board for the transaction OF all busi-
ness.
The officers and the board of director,
above provided for shall be elected annually
1t meeting OF the shareholders to be held
IN the second Monday in July not a legal
holiday, In the year 1913 and each and every
year thereafter, after ten DAYS
notice In writing mailed to each sharehOld-
RS last known address. And such officers
,
heir successors shall have been elected. and
qualified. Special meetings of the share
folders may be held at the request of any
hree shareholders by call Of the board OF
directors after ten days notice in writing
IS above provided, stating the object Of such
Meeting.
Any vacancy in the officers or in the board ,
II directors from any cause whatsoever shall ,
'e filled for the unexpired term br the re- |
naming directors.
Any director who may be absent from the
uy OF New ORLEANS shall have the right 10 !
ppont any shareholder Of the company TO
ote for him at any meeting of the board Of
directors; and such proxy shall have and
xercise all the powers Of such director ap-
The board Of directors shall have mower
Without reference to the shareholders Of the
ompany TO buy, sell and lease, to mortgage
ypothecate and pledge all kinds of property ,
nd rights whether movable immovable or
nixed; and generally to exercise all powers
onferred on this corporation by these arti-
les OF incorporation.
ARTICLE VI.
This act of Incorporation NAV be changed
ltered or amended, or this corporation NAV
e dissolved by a vote Of three-fourths OF ,
he capital stock of the company present or
epresented at a general meeting convened
or that purpose after thirty days notice In ,
Triting mailed to each shareholders last
nown address and after ten days publca-
lon In one Of the daily newspapers Of the
ity Of New Orleans and as prescribed by ,
But all changes in the amount OF the capt.
al stock OF this company shall require the
ssent OF two-thirds In amount of the capi-
al stock at a special meeting convened for
hat purpose after thirty days notice by
utilization In one OF the daily newspapers
Z the city OF New Orleans and after forty
avs notice In writing mailed to each share
olders last known address, and as pre-
cribed by law.
ARTICLE VII.
Whenever this corporation Is dissolved by
imitation or otherwise, its affairs shall be
quldated under the supervision OF three
elected at general meeting
onvened for that purpose after the notice
pecified in Article vi Of this charter. In
ase of the death or inability TO act OF any
ne or more Of such commissioners, the re-
laining commissioner or commissioners shall ,
lect a successor or successors from among :