The herald., 1912-08-22
CHARTER
OF HECTOR REALTY COMPANY.

| OE LOUISIANA, PARISH OF Or
LEANS, CITY OF NEW ORLEANS
Be 1t known, that on this 9Th dsv OF
July, in the year OF our Lord nineteen hun
dred and twelve, and OF the Independence OF
the United States OF America the one hun
urea ana thirty-seventh, before me. Charles
r. fletchinger, a notary public duly com
misSiOned and qualified in and for III, mar
| Ism or Orleans, state of Louisiana, therein
residing, and in the presence OF the witness.
eS hereinafter named and undersigned, per-
sOhaly came and appeared the several per
sons, whose names are hereunto subscribed
VINO seyerally declared that ayailing them
selves or the laws OF this state and the con-
sltution thereof In such cases made and
provided, they have cOvenanted, and do by
these presents covenant, agree and bind
themselves, as well as such persons as NAV
hereafter become associated with them, to
| form and constitute a corporation and bodv
polite in law for the objects and purpose,
ana under the terms and conditions follow
ing, to-wit:
ARTICLE l.
This corporation shall be known as the
'HECTOR REALTY COMPANY" and as
such shall have continuous succession for
nlnety-nlne years, unless sooner dissolved ::
ana shali nave power to sue and be sued, TO
acquire and hold by purchase, lease or other
wise, property real and personal, movable
lmmovable 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 on
GERS, directors and agents as the interests
OF the corporation shall require and to make
all necessary bylaws and regulations for
the proper management Of its affairs, and
the same to alter, amend or repeal at pleas
nre; and generally to exercise all powers
tnat are conferred on corporations organ
lied Tor the purposes hereinafter stated
ARTICLE III.
The dOmicile OF this corporation shall he
at New Orleans, In the parish OF Orleans,
Louisiana n II t0t
legal process shall be served on the presi-
dent of this corporation, or In the event of
his absence on the secretary-treasurer at the
Office OF the company.
ARTICLE III.
The purpose for which this corporation Is
organized, and the nature Of the business to
be carried on by it are hereby declared to
be as follows:
To buy, sell, hold and lease movable. i'm
movable and mixed property OF all descrip-
lions for any and all purposes whatsoever;
TO improve the same and to erect building.
and structures of all descriptions TO Dor
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 enterprise 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 4,
hereby fixed at three thousand 1S3, 600 OO)
dollars, divided into and represented by
thirty shares Of the par value Of one hun
dred dollars each.
All subscriptions shall be paid for In ca sh,
property or services at such time as the
board of directors shall require.
The corporation shall begin to do bust
ness when three thousand dollars of the
have been SuhSprihp1
paid
All transfers Of stock shall be made on
the books or the company, and no transfer
shall be in any way binding on the corpo-
ration unless and until 1t Is made In the
above described manner
Each share Of stock shall entitle the own
cast one vote at all meetings Of the stock.
holders.
ARTICLE V.
The officers OF this corporation shall be a
president and secretary-treasurer
The powers of this corporation shall be
vested in and exercised by a board Of dlrec-
tors composed Of the president, the secre-
tary -treasurer and one other shareholder.
any two or whom shall constitute a quorum
of the board for the transaction of all busl-
ness.
The officers and the board Of directors
above provided for shall be elected annually
at meeting of the shareholders to be held
on the second Monday In July, not a legal
holiday. in the year 1913 and each and every
succeeding year thereafter, after ten days
notice In writing mailed TO each sharehold-
ers last known address. And such officers
and such board Of directors shall serve until
their successors shall have been elected and
qualified. Special meetings of the share
holders may be held at the request of any
three shareholders by call of the board Of
directors after ten days notice in writing
as above provided, stating the object of such
meeting.
Any vacancy in the officers or in the board
OF directors from any cause whatsoever shall,
be filled for the unexpired term BY the re-
naming directors.
city Of New ORLEANS shall have the right to
appoint any shareholder Of the company to
vote for him at any meeting of the board Of
directors; and such proxy shall have and
pointing him.
The board Of directors shall have power
without reference to the shareholders Of the |
company to buy, sell and lease, to mortgage, |
and pledge all kinds of property |
and rights whether movable. immovable or |
mixed; and generally to exercise all powers |
conferred on this corporation by these arti- |
cles Of Incorporation.
This act OF Incorporation may be changed, |
altered or amended, or this corporation may |
be dissolved by vote Of three-fourths OF |
the capital stock of the company present or |
represented at a general meeting convened
for that purpose after thirty days notice in |
writing mailed to each shareholders last |
known address and after ten days publlca- |
ton in one of the daily newspapers Of the |
city Of New Orleans and as prescribed by |
law.
But all changes in the amount Of the capt. |
tai stock Of this company shall require the |
assent of two-thirds In amount of the capt. |
tai stock at a special meeting convened for |
that purpose after thirty days notice by |
publication In one Of the daily newspapers |
Of the city of New Orleans and after forty |
days notice IN writing mailed to each share |
holders last known address, and as pre-
scribed by law.
ARTICLE VII
Whenever this corpora ton IL dissolved by |
limitation or otherwise, its affairs shall be |
liquidated under the supervision Of three |
elected at a general meeting |
convened for that purpose after the notice |
specified in Article vi Of this charter. In |
case of the death or inability to act Of any |
one or more of such commissioners, the re- |
naming commissioner or commissioners shall |