The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-05
ARTICLE ".

ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of one hundred thou
Saud ..yvO.00D dollars. divided into ten
thousand shares of the par value of ten
U.uOJ 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
non IA ssessable and no transfer Of stock shall
be binding upon the corporation unless made
| upon its books.
ARTICLE V.
All the corporate powers or this corpora
| ton shall be vested in and exercised by
Board Of Directors TO be composed OF
| 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 to 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
| he 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 dally
| newspapers published In the ~dy OF New
| Orleans or by notice mailed to 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 De
| considered a forfeiture OF this charter.
| Any vacancy occurring on said Board OF
! Directors shall be filled by the remaining
| directors for the uneXpired term.
| Said Board of Directors shall, at Its first
| meeting elect from among its number
president. a first vice president, second
vice president, a secretary, treasurer ana
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 othce or 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 to he fixed by the
Board OF Directors. Special meetings OF
| said executive committee can lee 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 a 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 informally in its organization have
the effect OF rendering this charter null, or
OF exposing a stakeholder to any further la
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 majority Of all Of the stock
OF the corporation at a general meeting con
vened 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 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 to liquidate In the
event of the death or disability Of any OF
said commissioners or liquidators, the sur
vivOrs shall appoint successor to him.
Il ARTICLE VIII.
| Until the election TO be held in 1911, the
following named stockholders shall cOnsti
tute the first Board OF Directors. viz. VI
Feitel, Ike Feitel, f. NJ. Loeb Joseph Week
erling. J: X. Boland, Charles With, Francis
" Fabacher, William Henderson, Adam Gam
bel, Joseph Oury, Maurice PichelOup, Leon
Frank, Louis Hausmann, Gabe, Hausmann
&. ID. Schmidt. Charles Kohlmeyer, Pau
Rousset, Jacob Israel, John b. Meyers, III
Samuel. A. Montelcon and Auguste Mar
chal, with Ike Feitel, VI. Feitel, J. Wecker-
ling, G.. ID. Schmidt, VI. PichelOup, Charles
KOhlmeyer and John b. Meyers as the first
Executive Committee, and with Ike Feitel
as president and general manager, Charlie.
Kohlmeyer as first vicepresident, Maurice
Picheloup as second vice-president and NJ
Feitel as secretary treasurer.
i This corporation shall become a going
concern as soon as five thousand (S5.O0OOnI
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. II shares VI. Feitel. - shares Fran
I els " Fabacher. per Ike Feitel 80 shares
i VIM. Henderson, % shares; Adam Gambel.
by VIM. Henderson, % shares J. X. Boland,
i so shares; III. Samuel, % shares; &. ID.
Schmidt. - shares; ]. Israel, % shares
Chas. KOhlmeyer. - shares; Auguste Mar
chal, % shares Jos. Weakening. 80 shares
Chas. Wirth, 80 shares; Jos. Curry, by |.
Feitel, % shares Ernest NJ Loeb, so shares
| L. A. Beck and Ant. TrOyani.
| ROBERT LEGIER Not Pub.
|, the undersigned Recorder OF Mortgage.
i for the Parish of Orleans and State Of Lon.
isiana, do hereby certify that the above and
i foregoing charter of the "FEITEL OIL AND
Il lDPNENT COMPANY" was this day
duly recorded In my office in book 1918, folio
New Orleans, la, Dec. IS, 1910.
,'igned) EMILE LEONARD, d. Il.
true copy from the original act.
ROBERT LEGIER, Not. Pub
Dec IL 90 20 jan > II 1911