The herald., 1917-03-08
CHARTER
OF THE s. GUMBEL REALTY & SECC
RITY COMPANY, INC.
United States of America, State of Louisiana
Parish OF Orleans.

United States of America, State of Louisiana,
Parish OF Orleans.
Re il known. that on this, the 5th day
Of the month of March, in the year OF our
Lord one thousand niue hundred and sew.
enteen Q9lO, and OF the independence OF
the United States Of America, the one hun
bred and forty-hrst, before me, N2 f ,S M
parish OF Orleans, State OF LOUISIANA, uuly
commissioned and qualified, and IN the pres,
ence of the witnesses hereinafter named ana
undersigned personally came and appeared
The several persons whose names are here
unto subscribed, who severally declared mat
avaiing themselves Of the laws OF TINS STATE
relative to the organization OF corporations
they have contracted and agreed, and by
these presents do agree and bind themselve
as we'll as such other persons as may mere
after become associated with them, TO form
and constitute a corporation and BODY, cor
porate in law, for the objects and purposes
and under the agreements and stipulatlons
hereinafter set forth and expressed
Article 1.-The name and title OF said
company shall be the 5. Gumbel Realty q
Security Company, Inc, and its domcilee
Shall be the City of New Orleans, parish OF
Orleans, State of Louisiana. Under this
corporate name, the said corporation SHAH
have power and authority TO exist and ENJOY
succession for the full term. OF ninety nine
(9o) wears from the date of this act; TO
contract, sue and be sued; and to make and
use a corporate seal, and the same 10 oreak
or alter at pleasure, which said seal, II any,
Shall be designated by the board OF direc-
tors; 10 purchase, own, hold, lease, receive,
sell and mortgage or pledge, under It's cor
porate name, property, both real ana pc! sondi !,
including stocks, bonds and securities OF
other corporations; to sell any portion OF us
capital stock, or other resources, to make
advances on real or personal security ana
on growing crops; to lease to ana from anu
to consolidate or merge with other compd-
MES; to elect and appoint such directors, 9th
GERS and agents as the interest and conve-
nience of said corporation may require; 10
make and establish such bylaws, rules and
regulations for the proper management OF the
affairs Of said corporation as may be neces-
sary and proper and the same to change or
alter at pleasure; and, generally, to do and
perform all acts and things requisite anu
necessary to carry out the OBJECTS ana Pul'
poses of said corporation.
Article II.-All citations or other iegal
processes shall be served upon the president
Of said corporation, and in case OF ms aD-
sence, upon the .vice.president, and in case
of the absence of both, upon the secretary:
Article III.-The objects and purposes foI
which this corporation is established, and
the nature of the business 20 be carried on
by it, are hereby declared and specihed 70
be: to buy, sell, deal in, lease, hold de-
velop or improve real estate OF all sorts; 10
construct and maintain Offices, flats, houses
factories, warehouses, shops, buildings, works
and conveniences OF all KINDS; 10 acquire
hold and deal in personal property OF every
character, and particularly, stocks, bonds
obligations and securities of other corpora
tions, as we'll as of individuals and partner
ships; to exchange its entire capital stock
or any part thereof, for property which II
is authorized to acquire, or to exchange its
entire assets and business, or any part
thereof for property, stocks, bonds, or other
obligations of other companies; specially.
TO acquire all or any portion OF the rea
estate stocks bonds and obligations descend
| ing from. the SUGGESTIONS Of Simon GumbeI
and Sophie Lengsfeld Gumbel, and now be
| longing to their heirs; and to do and trans
act all business properly connected with
incidental or convenient TO, any OF the saiC
| objects and purposes
Article IV-The capital stock OF this cor
poration is hereby fixed at two million "
| 0OO,OOOOO dollars, to be divided into ant
represented by twenty thousand (oVuo
shares of the par value of one hundred
| $4,000 dollars each, which snail De palt
| for in cash, or may be issued for property
| actually received by the corporation at 1t!
| fair value. The board of directors herein
| after created is specially authorized anc
empowered to issue all of said stock to thu
/ heirs of Simon Gumbel and Sophie Lengs
| field Gumbel, in exchange for all or am
portion of the property descending from tn
SUGGESTIONS of Simon Gumbel and SOPHIE
| Lenpsheld Gumbel, his wife, upon such basi
| and at such appraisement as in the Judg
ment of the said directors may be proper
| The capital stock of this corporation ma.
| be increased to the sum of six million go,
i ON OOOO dollars No transfer of stock shall
|. he binding upon the corporation unless mad