The herald., 1911-01-19
OF "FEITEL OIL AND DEVELOPMENT
COMPANY"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW OR
LEANS, PARISH OF ORLEANS.

Be It known, that on this twelfth day Of
the month OF December, in the year one
thousand nine hundred and ten, before me-
Robert Legier, a Notary Public, duly com
nissiOned and qualified In and Tor the faT
ish of Orleans State OF Louisiana, aforesaid,
therein residing, and in the presence OF
the witnesses hereinafter named and under
signed. personally came and appeared: ths
persons whose names are hereuhto SUB
scribed, who declared that, awaiting them
selves OF the provisions OF the laws or TINS
state relative to the organization or cor
porations, they have cOyenanted and agreed
and do by these presents, covenant ana
agree bind form and constitute themselves,
as well as such other persons as may mere
after Join or become aOCiated with them,
into corporation and body polite in law,
and for the objects and purposes, and under
the agreements and stipulations following,
tO-wit:
The name and style OF this corporation
shall be the "FEITEL OIL AND DEVELOP
MENT COMPANY" and under that name II
shall have and enjoy all the rights and
privileges granted by law to corporations
Years from the date hereof; it shall have
power and authority to contract, sue and
be sued in Its corporate name; TO make aud
use a corporate seal, and the same TO
break or alter at pleasure; TO hold, re
ceive. purchase, mortgage, hypOthecate and
pledge property, both real and personal; TO
issue bonds notes and other obligations: 10
have and employ such managers, directors
and other employees as the interest and
welfare OF said corporation may require;
and to make and establish such bylaws, rules
and regulations as may be deemed necessary
and exDedient for the corporate manage
ment and control OF the affairs OF said com
| pany.
The domicile OF said corporation shall be
| in the city Of New Orleans, State OF Lou
| isiana and all citations and other legal pro-
| cess shall be served on the president, and in
his absence or inability on the secretary
| treasurer.
| The objects and purposes for which this
| corporation is organized and the nature OF
| the business to be carried on by 1t are here
| by declared to be: to buy, sell, lease, hlre,
| mortgage and otherwise hypothecate, alien
| ate or cucumber lands in this and other
| states, and particularly oil lands; TO dig
| and bore oil and other wells; to build der
ricks; TO refine and sell oil. petroleum, min
! erals and all their by-products, in both their
| refined and crude states; TO erect. BUY, sell,
| lease and mortgage refneries and mills for
| said purposes; to erect and construct, or
| contract for the construction and erection
i of buildings, water crafts, tramways, rail-,
| roads, canals, workshops and mechanical
plants and generally 10 do and engage In
| any other business or enterprise growing out
| Of connected with, or incidental to any of
the objects and purposes hereinaOove SET
forth or contemplated by this charter.
ARTICLE ".
| The capital stock of this corporation is
hereby fixed at the sum OF one hundred thou-
| sand 1910. 900. O0D dollars, divided into ten
| thousand shares OF the par value or ten
| $4,000 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 ana
mona ssessable, 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
ton shall be vested in and exercised by a
| Board OF Directors to be composed OF
| twenty-five 60 stockholders, who shall be
1 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
4 vote OF each share Of stock owned by him
and standing in his name on the books OF
tire company, and a 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 CIty of Ne"
/ Orleans or by notice mailed to his last
! known address. The directors thus elected
shall continue in Office for one year, or unit
their successors shall have been duly elected
! and qualified. No failure to elect shall bt
considered as 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 frs
, meeting elect from among its number {
! president, first vice-president, a second
vice-president, secretary, treasurer an'
an executive committee, to be composed o.
said officers and three additional members
[ Of said Board Of Directors.
e The Board Of Directors shall have tn,
e right and power to combine the office Of TIT
| secretary and treasurer, and may even cleo
r a secretary who need not be stakeholder.
5 Five members Of said executive committe,
shall constitute a quorum for the transac
G tiOn of all business at any regular or spe
cially called meeting Regular meetings o
J said executive committee shall be hell
, monthly, and at time to be fixed by thu
: Board OF Directors. Special meetings o
D said executive committee can be called a
any time upon the written request of thre
members of said executive committee.
Z Said executive committee shall have tn
: right TO appoint and dismiss such managers
directors and other employees, including tn
!, 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 liabl
or responsible for the contracts, faults o
. debts Of said corporation, nor shall an,
mere informality in its organization hav
the effect OF rendering this charter null, o
, of exposing a stakeholder to any further liza
!, bility than the G1paid balance due on tn
! shares of stock owned by him.
! ARTICLE VII.
This act Of Incorporation may be changed
. modified or altered, or this corporation ma,
I be dissolved with the assent OF the stock
holders owning a majority of all Of the stocl
OF the corporation at a general meeting cor
yened for that. purpose after at least tel
days notice Of such meeting shall hav
Z been given to each stakeholder In the name
and form provided for In Article V OF thi
: charter. In case Of the dissolution Of thi
t corporation, either by the expiration Of 1t
q charter or otherwise, its affairs shall b
r liquidated and wound up by three liquids
: tors or commissioners to be elected by tn
q stockholders from among their number at
meeting which decides to liquidate. In tn
event of the death or disability of any o
said commissioners or liquidators, the SUI
vivors shall appoint a successor to him.
r ARTICLE VIII.
Until the election to be held In 1911, tn
following named stockholders shall const
q tute the first Board OF Directors, viz. d:
|, Feitel, Ike Fetel, f. NJ. Loeb. Joseph Wecl
y erling, ]. X. BOland, Charles Wirth, Franci
: Y. Fabacher, William Henderson, Adam Gan
|. bel, Joseph Curry, Maurice Picheloup, Leo
y Frank, Louis Hausmann, Gabe, Hausmanl
a C. d. Schmidt. Charles Kohlmeyer, Pa,
Rousset, Jacob Israel, John B. Meyers, +
, | Samuel, A. Monteeon and Auguste Ma
:, chal, with Ike Feitel, VI. Feitel, J. Wecke
4 ling, c. d. Schmidt, VI. Picheloup, Charlie
y Kohlmeyer and John b. Meyers as the frs
Executive Committee, and with Ike Felt