The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-12

days notice. which shall be sent by mail to
all Of the stockholders at their last known
post-ofice address, if no other post-ofhce
YeS ens and % sb5 kwse be
lIshed for ten (l0) 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 liquidators, the vacancy
shall be filled by the remaining liquidators.
The said lIquidators shall remain. in office
hare been V seed and 'a and
shall have full poeer 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 NII.-This act Of incorporation may
be modified, changed altered, or said
corporation may be dissolved with the assent
OF two thirds (2-3) of the entire outstanding
capital stock, az 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 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 stakeholder shall be held liable or re-
sponsible for the contracts or faults Of said
corporation in any further than the
| unpaid balance due 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 COM
| mence business operations as soon as one
| half ca Of its authorized capital stock shall
| have been subscribed for and one-half 90
| 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
| by each Of them.
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 Lengsh~ld Gumbel, 10 be
conveyed to this corporation in payment Of
| The subscriptions 70 its entire capital stock,
| being twenty thousand (2,OOO) shares Of the
par value Of one hundred $1,000 dollars
each. the said statement showing the amount,
| location, extent, character and state Of i'm
proyement OF the said properties, together
with a statement of the value thereof as
| appraised by the board of dire tors (Which
is the sum Of two million ($2,0CgyD00 dol
lars)
Thus done and passed at my Office in this
/ city, on 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.
| CSignatures): Omitted.
| Witnesses Monte NJ. Lemann, Frank J.
| Nolan.
! lSigneD
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. GuInbel Realty & Security Company, Inc,
was this day recorded in my Office, in book
1870, folio 49,.
New Orleans, La, March 6, 1917.
A true copy.
(Signed) EMILE J. LEONARD, by. r.
WATTS K. LEVERICH, Not Pub.
march IS p q april s IL