The herald., 1917-04-05
CHARTER
OF TIE : GUNBEL REALTY 4 SECC
RITN COMPANY. INC.

lot /. l.
RITN COMPANY, INC.
United State Il Am,-.ca. Safe ii Louisiana,
Parish Of Orleans
BE Il known. trat on This, the SIN DAY
~ The .qau,r 90. March In the wear OF oIr
I.rf one thousand r,uc hundred and sew.
r-,,cn lyl7F. and 0. The independence q
che United States r! A-rriCa. the one nun
t-cd and tnr'y-nr>', before nr, Watts n.
Iryr-r.l 4 notary public IN and Tor the
parish 90! Orleans, SAFE OF Louisiana, daily
commissioned and qualified, and N the pes.
ru,, ot the witnesses hereinafter named and
,.,. Er-,..-ct personally came and appeared
he several persons whose names are here
unto subscribed. who svve-aily declared thai,
avs.lIug. themselves o. the laws 4 this STATE
relative % the organization 81 cgrporatpnS'
they have contracted and agreed, and by
these presents a.. agree and band themselves,
q, well -, such other persons as may here
after become associated WIN t"e",' 20 i''.H
and constitute l''io.@l.o" ana 'oa 49, 80.
F'Tte =. law '-' VIC y.J's-, ''.t -!
! and under the "k:'tHei,'N anu ; ,r"'1''o'S
hereinafter Sc io''a ana expressed .l
ATNc'r INC lane ana t.T' 49, "a
Company IA. -e "T 49,. - 4,'-:is
Security Company lnc. ana rs do.aLC'.E
o1a. he me cry Of Ne" o'Iea"5. p4Etsh Oh
Orleans, State OF, Louisiana Hus' LII s-,iS
corporate name 'ac >AIi N'tPo,aro. 80.
have power AID au;3"EtiE 10 eN.s' ana tL!gs
Succession f1T me in.l 'eEi' OF ninety '''.o
~" years IRON the da;e OF ms 33cti 70
contract sue ana We >"cL' anu 10 nan 80
use a corporate seal ana Inc same 20 ".eHN
or alter AZ pressure; ""'>.t s"il 80 il az
>1d. ne Gte Sha'eu 'S stS "Ca'U VI 80
TOYS; 20 purchase. own, h".d' ease receive
sell and mortgage OF pledge Andtt ~ COZ
p7ra;e name, properly 9''" !ea' ana Pe: so''al:
including stocks bonds ana se.uIi.eI ..
other corporations; T. SCI! any portion OF rs
capital stock, or c'AeF resources, 10 'i'dhS
advances on real or persona! seSutIy any
on growing crops; 20 lease 10 ana IRON ana
20 consolidate or Te1Ee with otneE coMp4'
MES; to elect and appoint such directors, ON
Gers and agents as me interest ana Coh'e'
nlence OF said corporation may REQUIRE -
make and establish such bylaws, ru!es ahd
regulations ioI the proper n4naselne M Oh ..e
ahAifs o, salu eo,poi@.ioH % 10 =. 100 ~
s2ty ana p'oPes anu i5 '' Ss5s-sI1v 70 do and
a.'rr a. p,tasule' SnG' -, ,.,,,;sits ~
o.sn-, 49, oI, he ob;ec;s and pur.
e,es -. ~. coyy,o,a.io1
poses OF sHiu No' po' avn
Article ll-Ai citations or otAer lsgal
processes shall be served upon the president
Of said corporation. and IN case o. ms ao-
Of the absence OF both, upon ne secretary;
Article lIl-Ihe objects and purposes 10Y
which this corporation IS estaolsheo, ana
the nature Of the business 10 be carried on
by il, are hereby dec Jared and specihed 70
be: to buy, sell, deal in, lease, hold de-
velop or improve real estate OF all sorts; 10
construct and MAINTAIN ofhces, mars, houses
factories, warehouses, shops, buildings. works
and conveniences OF all kinds; to acquire
hold and deal IN personal property OF every
character, and particularly Stocks ponds
obligations and securities OF other corpora
,ions, well as of individuals and partner
ships; 10 exchange ITS entire capital STOCK
or any part thereof, Tor property ~hich II
IS authorized 10 acquire. or 10 exchange us
entire assets and business or any paTt
thereof, tor property, STOCKS, oonos, or otnef
obligations OF other companies; specially;
10 acquire all or any portion OF lhe real
estate, stocks, bonds and Obligations desceno,
I ing, from the succesSlons OF simon nnmpel
and SOPHIE LengsheId GunoeI' ana no" oe
longing TO their heirs; and to do ana trans
| act all business properly connected win;
incidental or convenient TO- any OF INC ssiu
objects and purposes
Article IV.-The capital stock Of this cor
poration is hereby fixed al two million (2,-
100000 dollars to be divided into and
represented by twenty thousand (0,m0l
| $4,000 dollars each, which shall be paid
for in cash, or may be issued for property
actually received by the corporation at its
| fair value The board of directors herein
empowered 10 issue all of said stock to the
heirs of Simon Gumbel and Sophie Lengs
| field Gumbel, in exchange for all any
portion of the property descending from the
Lenssfed Gumbel, his wife, upon such basis
ard at such appraisement as in the judg
| ment of the said directors may be proper
The capital stock OF this corporation may
be increased 10 the sum OF SIX million 49,
OO0,OOOO) dollars. No transfer OF stock shall
be binding upon the corporation unless made
and recorded upon Its books. No stock
holder shall have a right to transfer or
convey any of his or her stock in the cor
poration, unless and until he or she shall
have first made a written offer to the other
then stockholders of the corporation, and 10
the corporation itself, TO sell his or her
stock TO them at the same price as that al
which he or she may have received bona
fide offer therefor Such written offer shall
be addressed TO the other then stockholders,
and TO the corporation itself, collectively,
and shall be delivered TO the Office OF the
corporation not less than ten I0) days prior
to the application for transfer Of the stock.
the respective then stockholders, and the
stock of the stakeholder desiring 10 sell
shall be distributed pro-rata among such OF
the other stockholders as desire 10 purchase.
in the proportions in which the holdings OF
the stockholders DESTROYS of purchasing bear
10 each other; provided, that the other
stockholders desiring to sell shall not be re-
CURED TO take all of the stock OF the
stockholders desiring to sell, but shall have
the option to take any part OF it, at the price
at which bona hde offer may have been
received by the stockholder desiring TO sell,
for the whole amount offered: and II the
total which the other stockholders desire 10
purchase is less than the total offered Tor
sale, then, after each of the other stock
holders shall have taken and PAID for the
| amount OF stock which ne or she desires 10
buy, the remainder untaken shail Dc open
for purchase by the corporation itself; and
| unless prohibited by law, the corporation may
itself use and apply It's surplus earnings or
accumulated pTohts 10 the purchase, from
| any stockhoider desiring 10 sell OF any pol.
ION % .La. .ocIhoiders 49, des;-e r. &C.
.i' 80, ~ 80 go as :a;d stoc. shall
HuI''' a. '-lN - - ..o.ILoIJ.-s.