The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-12

annual election, shall elect from their num-
Der president, a vicepresident, and also
Cbut not necessarily from their number
secretary treasurer, and such other ohCefS
as they may deem necessary. Inc Ooard
shall have power, in its discretion, 20 unite
two or more offices and TO confer the same
upon one person, or to dispense win any
Office, and shall have the power to Tx the
salaries of such officers and such further
officers and agents as they may deem nee
essary. At any meeting Of the board OF
directors any absent director may be rep
resented by any other director, who may
cast the vote of the said absent director
according to the written instructions, whether
general or special, of said absent director
The board Of directors shall have authority
bv unanimous consent of the board, without
referring to the stockholders. 10 sell, lease,
assign, transfer, convey, cucumber, or other
wise dispose Of and deliver, all Of the prop,
erty Of the corporation, upon such terms ana
conditions, and for such considerations,
whether in cash, bonds, stock in other COM
panies, or other property, as IN their disSIe-
ton the directors may deem advisable. Inc
directors are moreover authorized 10 make
and establish, as well as alter and amend,
all bylaws, rules and regulations necessary
and proper for the support and management
Of the business and affairs Of the corporation
not inconsistent with its charter; 10 borrow
money! and through the president or other
duly authorized agent or agents, 10 execute
mortgages, issue notes, pledges, bonds, or
other obligations, in such amounts and on
such terms in their judgment may be
deemed advantageous; TO direct and deter
mine the use and disposition of any sur
plus or net profits over and above the cap,
ital stock paid in; to issue and deliver tu!l
paid shares of stock and bonds, or other e6li'
cations Of the said company, IN payment ioi
rights actually acquired and received by the
| corporation, on such terms as the directors
may think proper; to issue and deliver fui
paid shares Of stock OF this company tor al
or any portion of the properties heretofore
belonging to Simon Gumbel and SOPHIE
| Lengsheld Gumbel, devolving from thel'
| Succe ssiOns, upon such terms and al Sucf
appraisement as in their judgment may b'
proper; and generally to do all such thing
| as may be necessary or convenient anC
proper to carry out the purpose tor which
this corporation is organized. and TO exercise
its corporate powers. Vacancies occurring
in the board of directors may be filled unit
| the next ensuing annual meeting OF th'
shareholders by the remaining directors o.
| director, whether a quorum remain or not
Special meetings Of the stockholders may b.
called by the board at any time, and shall
/ be called at the instance of the sharehold
Iers holding twenty-five (25Co) per cent o.
! the stock Of the corporation; and OF all sucf
meetings, notice shall be given in the man
| ner provided as TO annual meetings; pro
/ vided, that in all cases, all notices may b'
| waived by unanimous consent. Until th'
| next general meeting OF the stockholders fo
election Of directors, 10 De held under tins
charter on the second Tuesday in October
1917, or until their duly qualified successor
are elected and installed, the board Of direc
tors shall be composed OF:
Henry f. Gumbel, post-ofice address 81
Gravier Street, New Orleans; Joseph Gum
I bel. post-office address $50 Graver Street
New Orleans; Lester Gu-nbel, post-office ad
dress S38 Gravier Street, New Orleans.
4 With the said Henry f. Gumbel as p-esi
| dent the said Lester Gumbel as vice-presi
dent, and the said Joseph Gumbel as secre
| tary-tressurer.
Article VI.-Whenever this corporation i
dissolved, either by limitation of time o
by determination Of the stockholders, it
affairs shall be liquidated under the super
vision OF three % liquidators TO be appointe
for that purpose at a general meeting Of tn
stockholders convened after at least ten 90