The herald., 1911-11-30
CHARTER
OF THE FEITEL BAG coRrORATIoN.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS. CITY OF NEW ORLEANS.

OF Lou lSlANA, iAkiSl VI VA
LEANS. CITY OF NEW ORLEANS.
Re il known that ON this 31St day of July
| in the year of our LORD nineteen hundred
and eleven before me. Ethelrcd Macaully
stafford. a notary public in ana Tor the
parish of Orleans, State OF louisiana, duIE
commissioned and qualified personally came
and appeared the following named persons
of full age of majority, and all residing In
this city. who declared that being DESTROYS
of forming corporation under the laws oil
the state Of Louisiana they hereby do so;
binding themselves, their successors, and
those who may become associated with them,
under the following conditions. to-wit
ARTICLE l.
The name and title of the said corpora
tion shall be FEITEL BAG CORPORATION.
and its dOmiclr Is hereby established in the
city of New Orleans, state OF Louisiana ana
under its said corporate name said corpora
tiun shall have power and authority TO con
tract. sue and be sued to make and use a
corporate seal, and the same to break and
alter at pleasure; 10 hold, receive, have,
purchase. improve, ALLEVIATE convey, sell,
borrow pledge. mortgage. and hypothecate
under its said corporate name, property,
real, personal and mixed: 10 name and ap-
point such officers. directors, agents and
mana gers. or employees as the interest or
convenience of said corporation may require !;
To make and establish bylaws rules and
regulations IOf the proper management anu
regulation Of its affairs, as may be deemed
necessary aud proper. and the same to
change and alter at pleasure and To do all
other acts and things permitted by law, or
shall or may De- necessary and proper 10
carry out the objects and purposes Of said
corporation.
Said corporation. unless sooner dissolved
in accordance with its charter. shall exist
and continue for the period Of ninety-nine
years after the date hereof:
The president. or in his absence the vice
president. shall bc the proper person upon
whom citation or other legal process shall
be- served.
ARTICLE II.
The objects and purposes for which this
corporation i organized and the nature OF
the business TO bc carried on by Ii, are de-
clared to be the following. to-wit: To
carry on the business of manufacturing,
buying. selling, pledging. mOrtgaging or in
cumbeI!ng in any manner the following
named articles, burlap bags new or second
hand. jute twines burlaps. yarns. ties, flax,
or hemp twines, cotton twines, cotton bags.
machinery for its purposes to act as
agents for other parties, firms corpora
lions for one or any OF the articles set
forth in its purposes and objects: 10 re-
ceive etc, on commission and To sell the
same and generally to hold and exercise all
such incidental powers and privileges rela-
tive 10 the object heretofore set forth and
to carry on any other business incidental or
pertaining 10 its purposes.
ARTICLE II.
The capital stock Of said corporation shall
be two hundred and fifty thousand dollars.
divided into and represented by $500 shares
of the sum of one hundred dollars each.
which said stock shall be paid for in cash
at the time of the subscription. or such in
stalments as the board of directors may
name. or the same may be Issued. at not
less than par. in payment or exchange for
property rights or rights actually received
hos hN~ a ffNn NInI
same may he issued. full paid. for money
advanced and for such other valuable con-
siderations or services as the board OF di-
rectors of said corporation may determine;
provided. that no stock shall be issued until
the consideration therefor has been received
by the said corporation; further. stock may
he Issued. not less than par. for the pur-
poses and consideration of acquiring title
and good wills TO any into any firm. com
pany corporation or individuals. in further
ance of the purposes Of this corporation.
Any stakeholder may assign or transfer,
sell or pledge his stock in this corporation,
without first Offering same to the corpora
ton or other members thereof. The stock of
said corporation may be transferred without
entry thereof on the company'S books. and
such purchasers shall have valid title
thereto, provided Endorsement of the sale,
transfer or assignment shall be inscribed
on the hack thereof and the holder or pur-
chaser thereof shall have the right at any
time to cause his name to he inserted on the
corpora tons books provided for stOckhOld-
Frs. and until so done. the liability by this
corporation shall extend 10 only such re-
corded stakeholder.
This corporation shall commence business
~ soon as three thousand dollars OF the
rapital stock shall have been subscribed for.
The board If directors shall have the right
TO determine how much stock shall be is |
sued.
ARTICLE ".
The corporate powers OF this company
shall he vested in and exercised by board |
II directors consisting OF three persons, who |
shall be the president. who shall also be the |
secretary of said corporation. vice-president |
and treasurer. Two of said board shall con- |
stitute quorum for the transaction of bust |
hess. and their decisions shall he valid cor |
porate acts; The following persons shall
officers BENJAMIN +. Feitel, president. sec
retary: Nathan III. Feitel. vice-president |
Mrs. Myrtle 5. Feitel. treasurer. During !
he absence of the president the vice-presi- |
lent shall act and preside
, Said board shall continue in Office until |
The LIST day of October. 1911. on which date |
md thereafter, annually. a board of direct |
)rs shall be elected on the LIST day of Octo- |
Der of each year. unless same should no a |
holiday. when the election shall be held on
he next legal day thereafter
The board of directors shall send notice by |
nail 10 each recorded stakeholder of such |
meetings at their last known address And
he board of directors shall appoint one or |
more stockholders to preside at such cleo |
ion as CoHinlsslOnerS. In failure of the at |
tendance of such commissioners or commits |
'loner, the president shall make an appoint |
hent TO NIL the vacancy. Any failure from |
my cause whatever TO elect directors the |
hay named for that purpose shall not dis |
'Olye the corporation, but the directors then
N once: as well as the officers OF said COM
lany, shall hold over until successors are |
,hosen.
At every>election and meeting each stock |
holder shall be entitled to vote each share |
II stock registered in his name, and NAV
1ote by proxy.
After each election the board of directors !
mall elect from their own number the Off |
'ers OF said company.
ARTICLE V.
The board of directors shall have full
,ower to fill vacancies in their number.
aused by death or resignation or otherwise |
rom among the stockholders or outside of |
he corporation.
The said board shall have full control of |
he property of this company, shall so con
iuct, manage and use the same as In their /
discretion. they deem fit and that Is con-
istent with the objects of this company. or
he welfare of the same.
The said board Is further authorized to
rame and adopt such bylaws. rules and |
equations as the affairs and business of |
he corporation may require, and 1t may
leem necessary for the conducting and man.
cement thereof; provided the same shall
lot conflict with this charter. or with the
avs or the state, or Of the United StattA |
The board Is further authorized, without |
alling on the stockholders for assent, to /
purchase, buy, sell. pledge or otherwise &C.
luire any interest In any firm company. cor
,oration or individual businesses. with the