The herald., 1911-12-14
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ARTICLE V.

The board OF directors shall have full
power to nil 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 ii NAV
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-
quire any interest in any firm company, cor
poratiOn or individual businesses. with the
good will thereof for cash or stock in this
corpora tion.
The said board shall elect or appoint a
foreman and such other officers. agents en-
ployees, servants and clerks as it may deem
necessary for the conducting of the business
or 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-
termine 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
tion 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 certii-
Gates or notes therefor.
ARTICLE VI.
This charter may be changed, modified or
amended, the capital stock increased or de-
creased, or this corporation may be dis
solved at a general meeting of the stock
holders convened for the purpose, with the
assent of ree-quarters of the entire capt.
tai stock, whether present or represented at
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
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
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 COM
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, II any, of his stock.
Thus done and passed in my notarial Of
flee 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 c. 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 slgned) 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-
ton of the Feitel Bag Corporation was this
day duly recorded in my Office, In book 1851,
folio =.
(Signed) EMILE LEONARD, D. r.
true copy.
ETHELRED NJ. STAFFORD, Notary Public.