The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-29

days notice, which shall be sent by mail 10
al n the stockholders, at their last known
pOSt-OttiCc address, or If no other pOSt-Ottcc
address is known, to the General Delivery
at New Orleans, and shall likewise be pub
lished for ten Cl0) consecutive days in one
daily newspaper published in the city of
New Orleans
In case Of death. resignation or inability
10 act, OF one of the liquidators, the vacancy
shall be filled by the remaining liquidators.
The said liquidators shall remain in Office
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 Nll.-This act of Incorporation may
be modified, changed or altered, or said
corporation may be dissolved with the assent
of two thirds (2-5) 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
for notices of meetings for the election of
lquidatOrs 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 the sub
ject Of altering the amount of capital stock
OF corporations.
No stakeholder shall be held liable or re.
spoons BILE 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 or exposing any
subscriber to any liability beyond the
( amount due on his stock
Article VIII-This corporation shall COM
meuCe business operations soon one
half ca Of its authorized capital stock shall
have been subscribed for and One-haf "a
OF the subscriptions shall have been paid.
in cash or property. In order that this
charter may also serve original sub
scription list the subscribers hereto have
set opposite their names the number of
shares Of each class Of stock subscribed for
There is annexed hereto, TO be read in con-
nection herewith, an accurate, detailed and
itemized description Of the properties de-
Scending from the SUGGESTIONS of Simon Gum
bel and Sophie Lengsheld Gumbel, 10 be
conveyed to this corporation in payment OF
the subscriptions 70 its entire capital stock
being twenty thousand 10000 shares Of the
par value OF one hundred $4,000 dollars
each, the said statement showing the amount,
location, extent, character and state OF i'm
proyement Of the said properties. together
with statement OF the value thereof as
appraised by the board of directors (Which
5 the sum OF two million ($2,UrU0U) dol
lars)
Thus done and passed at my o. .- in this
city, on the day, month and year Erst 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.
(Signatures): Omitted
Witnesses: Monte NJ Lemann, Frank J.
Nolan
lSigned)
WATTS X LEVERICH, Not. Pub.
I, 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 6, 1917.
a true copy.
/ (Signed) EMILE ]. LEONARD, DIV. r.
! WATTS K. LEVERICH, Not. Pub
march IS p g april II