The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-12
ARTICLE ".

ARTICLE ".
The capital stock Of this corporation is
hereby fixed al the sum of one hundred thou
sand (SlOO.UVO.OO dollars, divided into ten
thousand shares OF the par value Of ten
tSlO.O0D dollars each, which shall be paid
for in cash, or may be issued at not less
than par for services rendered TO, or pro-
perty purchased by, said corporation.
All shares OF stock shall be full paid and
worcestershire, and no transfer of stock shall
be binding upon the corporation unless made
upon its books.
ARTICLE V.
All the corporate powers Of this corpora
tiOn shall be vested in and exercised by
Board OF Directors TO be composed or
twenty-five t--i stockholders, who shall be
elected annually on the second Wednesday
of December Of each year by ballot OF the
stockholders. Each stakeholder shall be en-
titled in person, or by written proxy 10 one
vote OF each share OF stock owned by him
and standing in his name on the books of
the company, and majority OF the votes
cast shall elect. All elections shall be held
under such rules and regulations as may
be determined by the Board OF Directors,
and after at least ten days notice OF such
election shall have been given to each stock
holder by publication in one of the daily
newspapers published in the lily OF New
Orleans, or by notice mailed 10 his last
known address The directors thus elected
shall continue in office for one year, or until
their successors shall have been duly elected
and qualified. No failure to elect shall be
considered as a forfeiture OF this charter.
Any vacancy occurring on said Board OF
Directors shall be filed by the remaining
directors for the unexpired term.
Said Board OF Directors shall, at its first
meeting elect from among its number a
president, first vice-president, a second
vicepresident, a secretary, a treasurer and
an executive committee, to be composed OF
said officers and three additional members
Of said Board of Directors.
The BOARD of Directors shall have the
right and power to combine the office OF the
secretary and treasurer, and may even elect
a secretary who need not be a stakeholder.
Five members OF said executive committee
shall constitute a quorum for the transac-
ton OF all business at any regular or spe-
cially called meeting. Regular meetings OF
said executive committee shall be held
monthly, and at a time 10 be fixed by the
Board OF Directors. Special meetings OF
said executive committee can be called at
any time upon the written request Of three
members of said executive committee.
Said executive committee shall have the
right to appoint and dismiss such managers,
directors and other employees, including the
secretary. who is not stakeholder, as con
ditions, interests and business Of said cor
poration may justify or require.
ARTICLE VI
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts OF said corporation, nor shall any
mere infOrmality in its organization have
the effect Of rendering this charter null, or
OF exposing a stakeholder TO any further liza
bility than the unpaid balance due on the
shares OF stock owned by him.
ARTICLE VII.
This act OF Incorporation may be changed
modified or altered, or this corporation may
be dissolved with the assent OF the stock
holders owning a majority Of all OF the stock
OF the corporation at a general meeting coz
yened for that purpose after at least ten
days notice OF such meeting shall have
been given to each stakeholder in the manner
and form provided for in Article V Of this
charter. In case OF the dissolution of this
corporation, either by the expiration OF its
charter or otherwise, its affairs shall be
liquidated and wound up by three liQuida-
tors or commissioners TO be elected by the
stockholders from among their number at q
meeting which decides 10 liQuidate. In the
event OF the death or disability Of any OF
said commissioners or liquidators, the sur
yivors shall appoint successor to him.
ARTICLE VIII.
Until the election to be held in 1911, the
following named stockholders shall cOnsti-
tute the first Board OF Directors, viz. NJ.
Feitel, Ike Feitel, f. NJ. Loeb, Joseph Week
erling, ]. X. Boland, Charles Wirth, Francis
X. Fabacher, William Henderson. Adam Gam
bel, Joseph Curry, Maurice Picheoup, Leon
Frank, Louis Hausmann, Gabe, Hausmann,
c. ID. Schmidt, Charles KOhlmeyer, Paul
ROusset, Jacob Israel, John b. Meyers, III.
Samuel, A Monteleon and Auguste Mar
chal with Ike Feitel, VI. Feitel. j. Wecker-
ling, G. ID. Schmidt, NJ. Picheloup, Charles
Kohmeyer and John B. Meyers as the first
Executive Committee and with Ike Feitel
as president and general manager, Charles
kOhlmeyer as first vice-president, Maurice
Picheloup as second vice-president and VI.
Feitel as secretary-treasurer.
This corporation shall become a going
concern as soon as five thousand IS, 900. OOI
dollars shall have been subscribed to its
capital stock.
Thus done and passed at my Office in the
City OF New Orleans on the day. month and
year herein first above written, in the pres
ence OF Theodore A. Beck and Anthony
Troyani both OF this city, competent wit
nesses, who have hereunto signed their
names. with the said appearers and me, No
tary, after due reading of the whole.
Original Signed: Ike Feitel, % shares
Paul ROusset, % shares: JnO. b. Meyers, -
shares; Gabe Hausmann, % shares Leon
Frank, % shares; Louis Hausmann. %
shares; NJ. Picheloup. % shares; A. Monte
leon. Is shares: VI. Feitel, - shares Fran
els y. Fabacher, per Ike Feitel, IS shares
VIM. Henderson. % shares; Adam Gambel
by VIM. Henderson, IS shares; J. X. Boland
Schmidt, % shares; ]. Israel, % shares
Chas. kohlmeyer, - shares; Auguste Mar
chal, % shares Jos. Weakening 80 shares
Chas. Wirth, 50 shares; Jos. Curry, by l.
Eeitel, % shares Ernest NJ. Loeb, so shares
I. A. Beck and Ant. Troyani.
ROBERT LEGIER, Not Pub
/, the undersigned Recorder Of Mortgages
for the Parish Of Orleans and State Of Lou
isiana, do hereby certify that the above and
foregoing charter Of the "FEITEL, OIL AND
IDPMENT COMPANY was this day
duly recorded in my office in book 1OIS, folio
New Orleans, La, Dec 13, 1910.
.1igned) EMILE LEONARD, D. R.
true copy from the original act.
ROBERT LEGIER, Not Pub
Dec Is 90 30 jan 3 II 1911