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

annual election, shall elect from their num-
Der a president, a vice president, ana also
(but not necessarily from their nufhos si- q
as they may deem necessary. Inc ooard
Shall have power, in its discretion, 70 uhlIe
TWO or more offices and to confer the SANE
mon one person. or to dispense with any
Office. and shall have the power to TX me
salaries of such officers and such 1urther
officers and agents as they may deem
essary At any meeting OF the Doaru Oh
direcfors any absent director may De rep
resented by any other director, who may
cast the vote of the said absent director
according to the written INSTRUCTIONS Whelhei
general or special, OF sald absent ui h!
Inv unanimous consent OF the board, without
referring to the stockholders, to SELL lease
assign, transfer, convey, encumber, or olheI'
Use dispose OF and deliver, all OF the prop,
e-tv of the corporation, upon such terms and
conditions and for such CONSIDERATIONS,
whether in cash, bonds, stock IN other com
panies or other property, as IN their uS1 ~,
lion the directors may deem advisaDIe' me
directors are moreover authorized 10 make
and establish, as well as alter ana amend
all bylaws, rules and regulations necessary
and proper for the support ana management
If the business and affairs OF the corporation
no, inconsistent with its charter; TO Oorro"
money, and through the president or otner
duly authorized agent or agents, 10 execute
mortgages, issue notes, pledges, Oonus y,
other obligations, in such amounts anu Ih
such terms as in their judgment may be
deemed advantageous; to direct and deter
mine the use and disposition OF any sur
plus net profits over and a9oye lme G III
ital stock paid in; to issue and deliver fpii
Maid shares Of stock and bonds, or other oDll-
cations of the said company, IN payment lor
money, labor or services, or properly "
tights actually acquired and received by the
corporation, on such terms as the dlrectoIs
NAV think proper; to issue and denver iuii
paid shares OF stock of this company ior an
or any portion Of the properties heretoi9Te
nb,l NODnle
Iengsfeld Gumbel, devolving from their
SUGGESTIONS upon such terms and at such
appraisement as in their judgment may DC
proper; and generally to do all such thln8SS
as may be necessary or convenient ana
proper to carry out the purpose Tor whlch
his corporation is organized, and 10 exercise
its corporate powers. Vacancies occurring
in the board Of directors may De hleu untlI
the next ensuing annual meeting OF the
shareholders by the remaining directors OF
director, whether a quorum remain or not
Special meetings OF the stockholders may DC
called BY the board at any time, and snail
he Tal,ei At the instance Of the sharehOld.
ers holding twenty five (25fo) per cent OF
the stock Of the corporation; and OF all suCh
meetings, notice shall be given IN the man
ner provided as TO annual meetings; pro
vided, that in all cases, all notices may De
waived by unanimous consent Onul me
next general meeting OF the stockholders Ior
election of directors, to be held under thls
charter on the second Tuesday in October,
I9I7 or until their duly qualified successors
are r' elected and installed, the board of direc-
tors shall be composed OF:
Henry E. Gumbel, post-office address $50
Gravjer Street, New Orleans; Joseph Cum
bell post-office address 1888 Gravier Street
New Orleans; Lester Gumbel post-othce ad-
dress as Gravier Street, New Orleans.
With the said Henry f. Gumbel as presi-
dent, the said Lester Gumbel as vice-presi-
dent, and the said Joseph Gumbel as secre-
tary-treasurer.
Article VI.-Whenever this corporation IS
dissolved, either by limitation OF time or
nv determination of the stockholders, its
Affairs Shall be liquidated under the super,
vision OF three 90 liquidators 10 be. appointed
for that purpose at general meeting OF the
stockholders convened after at least ten (lo)