The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25
OF HECTOR REALTY COMPANY.

UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY or NEW ORLEANS.
b" ii known. that On this 9th day 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
dred and thirty-seventh, before me, Charles
r. fIetchlnSer, "A notary public duly com
mlSSloned and qualified in and for the par
ish of Orleans, state Of Louisiana, therein
residing, and in the presence OF the witness
IS hereinafter named and undersigned, per-
sonally came and appeared the several per-
sons. whose names are hereuntO subscribed
who Severally declared that availing them
selves OF the laws Of this state and the con
Stitutlon 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 may
hereafter become associated with them, to
form and constitute a corporation and body
polite in law for the objects and purposes
and 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
ninetynine years, unless sooner dissolved :
and shall have power 10 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
lease, mortgage, pledge, hypOthecate or 9th
erwise dispose OF in any and every manner
whatsoever; to draw, make and endorse bills
or exchange and promiss0ry notes, and TO
issue bonds; to elect and appoint such Off
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
ure; and generally TO exercise all powers
that are conferred on corporations organ
lied for the purposes hereinafter stated
ARTICLE III.
in Toll 80
at New Orleans, in the parish of Orleans,
state OF Louisiana and all citations or other
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 Ill
The purpose for which this corporation Is
organized, and the nature OF the business to
be carried on by 1t 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;
10 improve the same and to erect buildings
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 enterprise that may be Incidental to
or convenient in the proper and successful
exercise or any OF the powers conferred upon
tlon 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 $4,000. 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 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 IL 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 officers OF this corporation shall be a
and secretary-treasurer.
The powers OF this corporation shall be
vested in and exercised by a board Of drec-
tors composed of the president, the secre-
tary-treasurer and one other shareholder,
any two Of whom shall constitute a quorum
OF the board for the transaction OF all bust
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 legal
holiday. In the year 1913 and each and every
succeeding year thereafter, after ten days
notice In writing mailed TO each sharehOld-
er's 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 filed for the unexpired term BY the re-
directors.
Any director who may be absent from the
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
exercise all the powers OF such director ap-
pointing him.
The board Of directors shall have power
without reference to the shareholders of the
TO buy, sell and lease, to mortgage,
hypOthecate and pledge all kinds OF property
and rights whether movable, immovabie or
mixed; and generally to exercise all powers
on this corporation by these arti-
cles Of Incorporation.
ARTICLE VI
This act OF Incorporation may be changed.
altered or amended, or this corporation may
be dissolved by a vote Of three fourths OF
the capital stock OF the company present or
represented at general meeting convened
for that purpose after thirty days notice in
writing mailed to each shareholders last
known address and after ten days publica-
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 capi-
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 corporation IL dissolved by
limitation or otherwise, its affairs shall be
liquidated under the supervision of three
elected at a general meeting
for that purpose after the notice
specified In Article vi Of this charter. In
case of the death or inability to act Of any
~ mi aaf0 IA