The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-22
CHARTER
OF THE :. GUMBEL REALTY Sk'
RITY COMPANY, INC.

RITE COMPANY, M.
United States Of America, State Of Lon'sia'"'
~ IN Lnoxn. maj on this. the 9Th day
,; the month OF March, IN me year OF Ou'
Lord. one thousand nine hundred ana ses
enreen G9l7, and Of the Independents ~.
d-rd and forty-frst. before ne, Nat's n.
! werlich notary public IN ana loI 'Ie
parish OF Orleans. State OF LOUISIANA uH4s
commissioned and qualified, and N ,he pa
- II the witnesses hereinafter named an9
undersigned, personally came and appeared
the several persons whose names are hete
INTO subscribed, who >everally declared ma
Gyaili1g themselves OF the laws OF THIS sta'e
i.i,s - The organization OF corporations.
,hey have contracted and agreed ana us
these presents do agree and olnd the'h>eIses'
a. well as such other persons as may me-
af,e- become associated with them, 10 form
,.,f rISst;,,l,e corporation and body. cor
oora,e IN law. for the objects and purposes
and under the agreements and stipuIaNo"s
St~rir,fter set forth and expressed.
Article 1.-The name and title OF s. q
.,,,,,,y shall be the $ Gumbel Realty q
security Company, Inc, and its domiciIe
sIaH be the City Of New Orleans. paTisn o.
Orleans, State of Louisiana. Onder LnII
ro-no-ate name the said corporation sha"
S,Y@ %o,er and authority 70 exist and enjoy
succession for the full term OF ninety- nine
1qql wears from the date OF TINS 2cl' y
contract. sue and be sued; and to make an
r,e a corporate seal, and the same 10 oTedh
- ~ Measure which said seal, II any
Shall be designated by the board OF diTec
Tors: 70 purchase, own, hold, lease receive
sell and mortgage or pledge undtT Us vi
porate name. property 3o'h IeSA anu o.
other corporatious; to sell any portion OF ~
capital stock, or other resources, 10 max
advances on real or personal security an
on growing crops TO lease 10 ana ron an
- Consolidate or merge with other compa
MES; TO elect and appoint such directors, ON
-e-s and agents as the interest ana Coh't
/ nience OF said corporation may require y
make and establish such bylaws fu1es az,
/ regulations for the proper management OF M
| atFai-s If said corporation as may be neces
/ sary and proper, and the same to chanse o
/ alter at pleasure; and, generally 10 90 an
/ ne-fo-r, all acts and things requisite an'
| necessary 70 carry out the ooJeS's anu pa
poses of said corporation -, 49,,
/ Article II-AN citations or other lSgd
/ ,-oresses shall he served upon the preslde;l
of said corporation, ana n ease ,D d IN cas-
/ al the absence OF both, upon the secretary;
Article III-The objects and purposes 10
which this corporation IS estaolished' an
/ the nature of the business to be carried o.
hy il are hereby declared and specified {
he: to buy, sell, deal IN, lease, hold' DC
yelop or improve real estate OF al Sorts |
/ construct and maintain oftces, RATS housJs
factories, warehouses. shops, oui.uInss, 80,
hold and deal in personal property OF ever
| Character, and particularly, stocks, oonu'
| obligations and securities OF otheT coIpoId
tions, as well as Of individuals ana pdltne'
sh;ps. to exchange its entire capital stoc
ar anv part thereof, for property when .
is authorized TO acquire, or to exchange II
entire assets and business, or any pa
thereof, for property, stocks, oonas' OF ON ON,
, N acquire all or any portion OF the re-
; estate stocks, bonds and obligations descen'
. ing from. the SUGGESTIONS OF SIMON Hum9
and Sophie Lengsheld Gumbel, ana now
49, hag-E
act ali business properly connected VII
2 Incidental or convenient TO, any OF the So
, objects and purposes.
= poration is hereby fixed at two million y
/ nO0VOOO dollars, TO be divided into az
E represented by twenty thousand (1O,po
/ shares Of the par value OF one Aundr
= $4,000 dollars each, which shan De pa
= actually received by the corporation at
= fair value. The board Of directors herei
? after created is specially authoriIea d
0 empowered 10 issue all Of sad STOCK 10
;. heirs OF Simon Gumbel and Sophie Lens
. field Gumbel, in exchange for all or a
2 | nortion Of the property descending from !
a Suggestions of Simon Guubel and Sopi
/ Lengsfeld Gumbel, his wife, upon such pa
and AT such appraisement as IN the JUG
/. ment Of the said directors may be prop
:. | The capital stock. of this corporation m
d he increased to the sum of six million =
: OnO 600 OO dollars. No transfer OF stock sn
: | be binding upon the CoIpOI dtiOh uLitSSS ~
il and recorded upon Its books. NO .sto'
;, holder shall have a right to transfer
e convey any of his or her stock IN the c
$ poration. unless and until he or she sh
e have first made a written offer 10 the OF
Il then stockholders Of the corporation, and
II the corporation itself, to sell his or
r. stock TO them. at the same price as that
: which he or she may have received DC
r. hde offer therefor. Such written offer sh
d be addressed to the other then stcokhoide
,e and to the corporation itself, collective
d and shall be delivered 10 the office OF
10 corporation not less than ten QOl days pr
l. TO the application foT transfer OF the ste
il The corporation shall transmit this offer
p the respective then stockholders, and
stock OF the stakeholder desiring to I
r shall be distributed pro-rata among such
re the other stockholders as desire TO purchs
re in the proportions in which the holdings
ar the stockholders DESTROYS of purchasing 3
r TO each other; provided, that. the ,ot
Is stockholders desiring to sell shall not be
n CURED 10 take all of the stock OF
70 stockholders desiring 20 sell, but shall
ID the option 10 take any part Of it, at the pi
"a at which bona fde offer may have D
n. received by the stakeholder desiring TO-
of for the whole amount offered; and II