The herald., 1917-03-15

paid share, Of stock of this company for all
or any portion OF The properties heretofore
belonging t. Smu- GumbCl and SOPHIE
Lcngsacid Gumhcl devolving from their
~uCgc~~luU~. upon such terms and at such
appraisemeu: as IN their judgment may be
proper; and generally 10 do all such things
may he necessary or convenient ana
proper 10 carry ont the purpose for which
,h,, corporation : organized, and 20 exercise
lis corporate powers. Vacancies occurring
in the board Of directors may be hIled 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 beard at any time, and snail
he called a; the instance of the sharehold-
ers holding twenty-five ESQ 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 be
waived by unanimous consent. Cnul the
next general meeting OF the stockholders Tor
charter on the second Tuesday in October,
1917, or until their duly qualified successors
are elected and installed. the board OF dlrec-
tors shall be composed Of:
Henry f. Gumbel, post-offce address S8
Gravier Street, New Orleans; Joseph Gum
bel, post-ofice address &S Gravier Street,
New Orleans; Lester Gumbel, post-office adj
dress s'S Gravier Street. New Orleans.
With the said Henry T. Gumbel presi-
dent, the SAID Lester Gumbe vICepresi-
dent, and the said Joseph Gumbel as secre-
tary-treaSurer.
Article NI.-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 90 lqudators to be appointed
for that purpose at general meeting OF the
stockholders convened after at least ten (l0)
days notice. which shall be sent by mail 10
all of the stockholders, at their last known
pOSt-office address, II no other poSt-Ofhce
address IS known, TO the General Delivery
lished for ten GOD consecutive days in one
daily newspaper published III the city Of
New Orleans.
In case Of death. resignation or inability
TO act, OF Of the liquidatorS, the vacancy
| shall be filled by the remaining liquidators.
The said hquidators shall remain in office
until the affairs Of the corporation shall
have been fully settled and lqudated, 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 NII.-Ihis act OF Incorporation may
be modified. changed or altered. or said
corporation may be dissolved with the assent
OF two thirds go 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
/ lIqudatOrS. 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
I of corporations.
No stockhoIdcr shall be held liable or re-
. Spousble for the contracts or faults Of said
/ corporation in any further sum than the
unpaid balance duc on the shares of stock
. owned by him, nor shall any mere infor-
/ malI.y in organization have the effect of
. rendering this charter null or exposing any
subscriber TO any liability beyond the
1 amount due on his stock.
Article NIlI.-This corporation shall CONF
rc"gv business operations "a soon as one
hal 90 Of u, authorized capital stock shall
have been subscribed for and one-half "a
Of the subscriptions shall have been paid,
IN cash property. In order that this
charter nay ais serve original sub
! >Crip;lOl 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
r | itemized description Of the properties de-
scendinP from the SUGGESTIONS OF Simon Gum
bel and Sophie Lengsheld Gumbel, TO be
conveyed TO this corporation in payment Of
, The subscriptions 10 ITS entire capital stock
being twenty thousand (20OOO shares of tn,
r par value of hundred $4,000 dollar!
each. the said statement showing the amount
| location, extent, character and state OF I'm
| prOvement of the said properties, togethe
with statement of the value thereof a.
| appraised by the board OF directors (Which
IS the sum Of two million $50 400 dol
1 lars)
/, Thus done and passed az my Office in th
: city, on the day, month and year FIRST sbov
: written, in the presence Of Messrs. Monte NJ
e Lemann and Frank ]. Nolan, competent wit
nesses residing in this city, who have here
, unto signed their names with the appearer
y and me, notary, after due reading Of tn
Z whole.
n tSiguaturesD: Omitted
v Witnesses: Monte NJ. Lemann, Frank
r Nolan.
e CSigned)
u WATTS K. LEVERICH, Not. Pull
n l. the undersigned recorder Of mortgages
e | in and for the parish of Orleans State {
r Louisiana, DO hereby certify that the abov
r and foregoing act Of incorporation of III
J. s. Gumbel Realty & Security Company, Inc
i was this day recorded in my office, in boo
" New Orleans, La, March 6, 1917.
,r A true copy.
lie (SignedD EMILE ]. LEONARD, by. r.
rs WATTS X. LEVERICH, Not. Pub
II march IS p o april S u