The herald., 1912-07-18
SUBSCRIBE FOR
THE HERALD
ONLY lOC MONTH.
CHARTER
OF HECTOR REALTY COMPANY.

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
bred and thirty-seyenth, before me, Charles
F. Fletchinger a notary public duly com
msSiOned and qualified in and for the par
ish Of Orleans, state of Louisiana, therein
residing, and in the presence OF the witness
eS hereinafter named and undersigned, per-
SOnally came and appeared the several per-
sons. whose names are hereuntO subscribed,
who Seyerally declared that ayailing them
selves of the laws OF this state and the con-
StitutiOn 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:
This corporation shall be known as the
HECTOR REALTY COMPANY" and as
such shall have continuous succession for
ninety nine years. unless sooner dissolved;
and shall have power to sue and be sued, 10
acquire and hold by purchase. lease or other
wise, property real and personal, movable,
immovable ard 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
Of exchange and promisSOry notes, and 10
issue bonds to elect and appoint such OFF,
GERS, directors and agents as the interests
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 H.
The dOmicile Of this corporation shall be
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 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-
tiOns for any and all purposes whatsoever !;
TO improve the same and to erect buildings
and structures of all descriptions; to bor-
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 10
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 (S3,OOOOO)
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 Of 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
president and secretary-treasurer.
The powers of this corporation shall be
vested In and exercised by board Of direc-
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 a 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
or directors from any cause whatsoever shall
be hlled for the unexpired term By the re-
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
company to buy, sell and lease, to mortgage
hypothecate 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-
ARTICLE VI
Thls 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 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 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 Is dissolved by
limitation or otherwise, its affairs shall be
lfquidated under the supervision of three
commissioners 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
elect a successor or successors from among
the shareholders.
ARTICLE VIII.
No shareholder of this company shall ever
be held liable or responsible for the faults
of this corporation In any further sum than
the unpaid balance due on the shares Of
stock owned by him. Nor shall any infor-
mality In organization have the effect of
rendering this charter null, or of exposing
any shareholder to any liability beyond the
unpaid balance due on his stock nor shall
any informality or frregularity In organiza-
ton have the effect Of rendering any share