The herald., 1917-03-15
CHARTER
OF THE :. GUMBEL REALTY & SECO'
RITY COMPANY, INC.
United States OF America, State OF Louisian'
Parish OF Orleans.

|
Parish OF Orleans.
Re :, known. that on this. the 5th day
of the month OF March, IN me year "a Jul
Lord. one thousand nine hundred and sew
enteen Uol7), and OF the independence VI
the United States OF America, the one nun
d-ed and forty-hrst. before me- NaIts n,
Ieverich. A notary public IN and for me
aa-;sb Of Orleans, State OF Louisiana. duly
| commissioned and qualified, and IN the pre-,
ence OF the witnesses hereinafter nalleu alII
undersigned, personally came and appeared
| the several persons whose names are mere
INTO subscribed, who severally declared tha',
ayaIlinV themselves OF the laws OF TINS stdle
rcla,ive 20 the organization OF corporations
they have contracted and agreed; anu -!
/ theSe presents do agree and bind themselves
a. well as such other persons as may Hele-
after become associated with them 10 iotn'
! and constitute a corporation and Dody' cor
porate in law, Tor the OBJECTS anu pa. ,P,;3,,s
| and under the agreements and stlpuIAuo"e
hereinafter set forth and expressed.
| Article 1.-The name and title OF sag q
| company shall be the ;. GumOel kSalE %; a
| sSaIi he the CITY OF New Orleans. parish OF
! 0riears State of Louisiana. Under TINS
| cornorate name the said corporation Snall
have power and authority to exist ana en!oy
! .,,rCession for the full term, Of nlnety-nlne
| Coo( wears from the date OF this act; 10
! contract. sue and be sued; and 10 make ana
use a corporate seal, and the same 10 oIedN
or alter at pleasure; whicn sara sea-, d n,S'
|
| -. "a nu-chase own, hold lease, receive,
| seu and mortgage or pledge, under ITS cor
| porate name, property, both real ana persona,
| ircIuding stocks, bonds and securities OF
| he cornorations; to sell any portion OF IT'S
! caDitaF stock, or other resources, 10 MAKE
| advances on real or personal security any
| on growing crops; to lease 10 ana lfOh anu
| "a consolidate or merge with other conpd
| -. IN elect and appsint such directors, ON
| GERS and agents as the interest ana cohNe-
| nience of said corporation may require; y
make and establish such bylaws, rules ai'u
| reV11lations for the proper management OF tht
atfairs Of said corporation as NAV be neces
sary and proper, and the same to NchaAse o.
alter at pleasure; and, generally, TO 90 a nC
perform all acts and things REQUISITE an. ame
| necessary TO carry out the oSJecls anu pun
poses of said corporation. -,
Article U.-Au citations or other lsga
processes shall be served upon the preslden
OF said corporation, and n case 81 n,s az
sence, upon the vice-president, and IN cast
NJ the absence of BOTH upon the secretary:
Article III.-The objects and purposes, 10
which this corporation IS establlsned' an,
. | The nature Of the business to be carried OF
bv il, are hereby declared and specified Z
be: to buy, sell, deal in, lease, hold DE
| yelop or improve real estate OF All Sorts I
construct and maintain Offices, hats, houses
and conveniences Of all kinds; to acquire
hold and deal in personal property OF ever,
q. | character, and particularly, stocks, BONDS
5 obligations and securities OF other corpora
tlOOS.
= ships; to exchange its entire capital stoc
or any part thereof, for property when !
Is authorized to acquire, or TO exchange II
, entire assets and business. or any par
thereof, for property, stocks, bonds, or otne
! | ALLEGATIONS of other Companies; specially
1 TO acquire all or any portion OF the req
{ estate, stocks, bonds and obligations descend
/ ing from. the SUGGESTIONS OF Simon Ounot
r and Sophie Lengsheld Gumbel and now be
, | longing to their heirs; and to do and trans
/ act ali business properly connected WIT
E | incidental or convenient TO, any OF the SAL
n objects and purposes. 49,. 49,
b Article IV.-The capital stock of this COZ
' noration is hereby fixed at two million (s@
e 100000 dollars, to be divided into an
| renresented by twenty thousJn1 (IO,u
| shares of the par value Of one hundre
:. Csi00OO dollars each, which shall be PAL
. for in cash, or may be issued for propert
|, actually received by the corporation at i
4 fair value. The board Of directors hereii
= after created is specially authorized an
4 empowered TO issue all Of said stock to II
: heirs of Simon Gumbel and SOPHIE Leng
n | field Gumbel, in exchange for all or an
n norton of the property descending from u
& Suggestions of Simon Gumbel and Soph
i | Iengsheld Gumbel, his wife, upon such pas
and at such appraisement as IN the lud
v ment Of the said directors may be prope
Il The capital stock Of this. corporation M
!. be increased to the sum of six million ~
!; 600 OOOOO dollars No transfer of stock sha
) be binding upon the corporation unless ma