The herald., 1917-04-05

, days notice, which shall be sent by mail to
all Of the stockholders, at their last known
post-office address, or if no other post-ofice
address is known, to the General Delivery
lished for ten (l0) consecutive days in one
daily newspaper published in the city of
New Orleans.
In case OF death, resignation or inability
to act, of one of the liquidators, the vacancy
shall be filled by the remaining liquidators.
The said liquidators shall remain in office
until the affairs Of the corporation shall
have been fully settled and lquidated, and
shall have full power and authority to trans
fer and give title to all assets and property
Of the corporation, by public or private sale,
and to distribute the proceeds.
Article Widths act of incorporation may
be modified, changed altered, or said
corporation may be dissolved with the assent
of two thirds C2-5) of the entire outstanding
capital stock, at a general meeting of the
stockholders convened for that purpose, after
previous notice shall have been given in
the same manner as provided in Article vi
for notices OF meetings for the election of
liquidators. Any increase or decrease in
the capital stock which may be proposed or
made, shall be made in accordance with the
laws of the State Of Louisiana on the sub
Ject OF altering the amount OF capital stock
Of corporations.
No stakeholder shall be held liable or re-
sponsble for the contracts or faults of said
corporation in any further sum than the
unpaid balance due on the shares of stock
owned by him, nor. shall any mere infor::
maity in organization have the effect of
rendering this charter null exposing any
subscriber TO any liability beyond the
amount due on his stock.
Article VIII-This corporation shall COM
mence business operations as soon as one
half ca of its authorized capital stock shall
have been subscribed for and one-half %
Of the subscriptions shall have been paid,
in cash or property. In order that this
charter may also serve as an original sub
lISs he
set opposite their names the number of
shares Of each class OF stock subscribed for
by each of them.
There is annexed hereto to be read in con-
| nec;ion herewith, an accurate, detailed and
itemized description Of the properties de-
sceuding from the SUGGESTIONS Of Simon Gum
bel and Sophie Lengsheld Gumbel. to be
conveyed 10 this corporation IN payment Of
the subscriptions 10 its entire capital stock,
being twenty thousand (20OOO shares of the
par value OF one hundred $1,000 dollars
each. the said statement showing the amount,
location, extent, character and state OF i'm
pr"vement Of the said properties, together
with statement of the value thereof as
appraised by the board OF directors (Which
is the sum Of two million &2,r 900 dol
lars)
Thus done and passed at my Office in this
city, the day, month and year trst above
written, in the presence Of Messrs. Monte NJ.
Lemann and Frank J.: Nolan. competent wit
nesses residing in this city, who have here
unto signed their names with the appearers
and me, notary, after due reading Of the
whole.
(Sgnatures): Omitted
Witnesses: Monte NJ Lemann. Frank J.
Nolan.
(Sgned
WATTS X LEVERICH, Not. Pub
/, the undersigned recorder of mortgages
in and for the parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act OF Incorporation of the
| s. Gumbel Realty & Security Company, Inc,
was this day recorded in my Office, in book
! New Orleans, La, March g. 1917.
A true copy.
| (SigneO EMILE ]. LEONARD, Dy. r.
| WATTS K. LEVERICH, Not. Pub.
march 8 IS p 3 april IL