The herald., 1917-03-08

paid shares Of stock Of this company for all
or any portion Of the properties heretofore
belonging. to simon Gumbei and SOPHIE
Lcugsheld Gumbel, devolving from their
SUGGESTIONS. upon such terms and at such
appraisement in their judgment may be
proper; and generally TO do all such things
as may be necessary or convenient and
proper to carry out the purpose for which
this corporation is organized, and to exercise
its corporate powers. Vacancies occurring
in the board Of directors may be hlled until
the next ensuing annual meeting OF the
shareholders by the remaining directors or
director, whether a quorum remain or not
Special meetings of the stockholders may be
called by the board at any time, and shall
be called at the instance of the sharehold-
ers holding twenty (25fo) per cent OF
the stock of the corporation; and OF all such
meetings, notice shall be given in the man
ner provided to annual meetings; pro-
vIded. that in all cases, all notices may be
waived by unanimous consent. Until the
next general meeting Of the stockholders for
election of directors, to be held under this
charter on the second Tuesday in October,
1917, until their duly qualified successors
are elected and installed, the board OF direc-
tors shall be composed Of:
Henry E Gumbel post-offce address S58
Gravier Street, New Orleans; Joseph Gum
bel, post-ofice address SjS Graver Street,
New Orleans; Lester Gumbel, post-ofice ad-
dress S's Gravier Street, New Orleans
With the said Henry E. 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
by determination of the stockholders, its
affairs shall be liquidated under the super
vision Of three CD liquidators TO be appointed
for that purpose at a general meeting OF the
/ stockholders convened after at least ten ClOJ
days notice, which shall be sent by mail TO
all of the stockholders. at their last known
post-office address, if no other post-offce
address is known, to the General Delivery
at New Orleans and shall likewise be pub
lished for ten C0) 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 liqudatOrs, 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 liquidated, and
shall have full power and authority to trans
fer and give title 10 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 (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
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 stockholder shall be held liable or re-
/ sponsible for the contracts faults of said
unpaid balance due on the shares Of stock
. owned BY him, nor shall any mere infor-
mality 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 conf
meTce business operations as soon as one
/ half "a OF its authorized capital stock shall
have been subscribed for and one-half ca
OF the subscriptions shall have been paid,
in cash property. In order that this
charter may also serve as an original sub
| sCriptiOn list. the subscribers hereto have
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.
/ nect:Sn herewith, an accurate, detailed and
/ itemized description of the properties de-
scendng from the SUGGESTIONS of Simon Gum
| bel and Sophie Lengsheld Gumbel, TO be
conveyed 70 this corporation in payment OF
the subscriptions to its entire capital stock.
/ being twenty thousand (0,O0OD shares of the
par value Of hundred $4,000 dollars
each. the said statement showing the amount,
, location, extent, character and state of i'm
provement Of the said properties, together
with a statement of the value thereof
. appraised by the board of directors (Which
is the sum of two million (2.ODOOO) dol
lars.)
Thus done and passed at my Office in this
city, the day, month and year first 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.
! (SignaturesD: Omitted.
Witnesses: Monte NJ. Lemann, Frank J.
Nolan.
(Sgnedl
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
1906, folio .-..--.
New Orleans, La, March 6, 1917
A true copy.
(SignedD EMILE J. LEONARD, Dy R.
WATTS K. LEVERICH, Not Pub.
march IS p . april II