The herald., 1911-12-21
ARTICLE v.

The board OF directors shall have full
power TO ill vacancies in their number.
caused by death or resignation or otherwise,
from among the stockholders or outside of
the corporation.
The said board shall have full control of
the property of this company. shall so con-
duct. manage and use the same as in their
discretion. they deem fit. and that Is con-
sistent with the objects of this company or
the welfare OF the same.
The said board is further authorized to
frame and adopt such bylaws, rules and
regulations as the affairs and business OF
the corporation may require, and it may
deem necessary for the conducting and man
agement thereof; provided the same shall
not conflict with this charter. or with the
laws OF the state, or of the United States
The board Is further authorized without
calling on the stockholders for assent, to
purchase buy. sell. pledge or otherwise ac-
poration or individual businesses, with the
good Will thereof for cash or stock in this
corporation.
The said board shall elect or appoint a
foreman and such other officers. agents. en-
ployees, servants and clerks as II may deem
necessary for the conducting Of the business
OF the corporation. fix their compensation,
term or service. with the right to dismiss
them at the boards pleasure and said
board shall have the right to fix and de-
termne the salaries of the several officers
herein provided
The said board shall have the right to
negotiate with banking corporations or
firms or individuals for the issuance to the
company OF letters Of credit or standing to
cover whatever purchase the said corpora
ton may bargain or make in this country
or some foreign country; shall likewise have
the power to negotiate loans in the name Of
this corporation. and issue proper certif-
Gates or notes therefor.
ARTICLE VI.
This charter may be changed. modified or
q ha oil or ipor A.
creased, or this corporation may be dis
solved, at a general meeting of the stock
holders convened for the purpose, with the
assem- stoc OF OF the entire eap
such meeting.
Ten days prior notice of such meeting
shall be given in any daily English news
paper published in the city.
In case of dissolution or termination Of
this corporation by limitation Of its char
ter or from any cause, the liquidation of its
affairs shall be conducted by two commits
sioners. selected from the stockholders or
otherwise. with like assent, and at a meet
ing called for that purpose, as above set
forth In this article.
Said commissioners shall remain in office
until the affairs of said corporation shall
have been fully liquidated, unless removed
by three-quarters vote Of the stockholders
called for that purpose. In case Of death
Of one of said commissioners the survivor
shall continue to act. The salary Of such
liquidator shall be fixed by assent Of the
three-quarters of said stockholders.
ARTICLE VII.
No stakeholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof, in any further
sum than the unpaid balance due the CON-
pany on the shares Of stock subscribed for
or owned by him, nor shall any informality
in organization have the effect Of rendering
this charter NULL or Of exposing a stock
holder TO any liability beyond the unpaid bal
ance, IL any, of his stock.
Thus done and passed In my notarial Of
fee in this city of New Orleans, aforesaid,
on the day and In the month and year here
inbefore written, in the presence Of Otto
Heyn and Leonard G. Vacher, competent
witnesses, both of the city of New Orleans,
who hereunto sign their names with said
appearers and me, notary, after reading of
the whole.
(Original signed) Names and number of
shares omitted. witnesses Otto Heyn,
Leonard c. Vacher.
ETHELRED NJ. STAFFORD, Notary Public.
I, the undersigned, recorder Of mort
cages, in and for the parish of Orleans,
state Of Louisiana, do hereby certify that
the above and foregoing act of incorpora-
tion Of the Feitel Bag Corporation was this
day duly recorded In my office, In book 1851,
folio =.
(Signed) EMILE LEONARD, d. R.
A true copy.
ErHELRED NJ. STAFFORD. Notary Public.