The herald., 1920-12-23
CHARTER OF THE ENACT TAILORING
COMPANY, INC.

United States Of America, State Of Lou
Siaua, Parish of Orleans. be II known,
that on this first day Of November in the
year one thousand, nine hundred and
twenty. before me, Daniel John Murphy,
a notary public, duly commissioned and
sworn in and for the Parish of Orleans,
and City of New Orleans, therein residing,
and in the presence of the witnesses here
in after named and undersigned. personally
came and appeared the persons whose
names are hercuntO subscribed, all Of the
full age of majority and residents OF this
city, aud who >everally declared that avail
ing themselves of the provisions Of the
Act of the Legislature OF the State Of
Louisiana. and known as Act No. 26I OF
the session of 1914, do by these presents
covenant and agree and bind themselves
rs well as all such other persons a. may
become hereinafter associated with them.
in order to form or constitute a corpora
ton or body polite i'll law, for the object
and purposes and under the stipulatiOns
as follows:
ARTICLE The name and style OF this
corporation shall be Exact Tailoring Com
pany, Inc, and under that name it shall
have and enjoy all the rights, privileges
and advantages granted by law 10 cor
pOrations; II shall exist for a period OF
ninety-nine years from this date, IL shall
have the power to contract, to sue and be-
sued in its corporate name; to make and
use a corporate seal; and the same to
break or alter at pleasure; to hold, re-
CelNe, purchase, convey, mortgage, lNpO-
thecate or pledge property, real, personal
or mixed, issue bonds. notes or other OBJ
legations and negotiable instruments; TO
engage in the business of wholesale or re-
tail clothing manufacturing business In
all its various phases; and to have anu
employ such managers. directors, officers,
agents and other employees as their in
terest and convenience of said corporation
may require or demand; to make and eS.
tablish such rules. bylaws and regula.
tons for the management and control OF
the affairs of the corporation as may b.
deemed necessary and eNpedient.
ARTICLE 1.-THE domicile OF the cor
poratiOn shah be in the City of New Or
leans, State of Louisiana, and all citation
and other legal process shall be served
on the President, and in his absence OF
the Vice President and in the absence
both, then on the Secretary Treasurer.
ARTICLE III.-The objects and pur
poses for which this corporation is formed
are hereby declared TO be: To engage
in and carry on the business Of manufac
turing, buying and selling of clothing. raw
and finished materials, general tailOrin.
and all such articles incidental or apper
tanning to general tailoring and manu-
featuring clothing business. either a. prin
cipals or agents, and either at WHOLESALE
or retail and in furtherance thereof. L
lease, purchase, acquire real or persona
property, including trade marks and cop,
rights may be required or necesSarr,
Of said business, and to mortgage or hypo
thecate the same; in the establishment AM
mai7tenance of factory or factories. plants
warehouses or otherwise, and generally 4
do everything or things as may be neces
sary in the prosecution of said business.
ARTICLE Iv.-The capital stock Of thi
corporation shall be and is fixed at tn
sum of ten thousand and 90 100 dollars
divided into one hundred shares of tn
par value Of one hundred dollars each. "
transfer of stock shall be binding upol
this corporation unless same appear Of
the books thereof.
No stakeholder shall have the right &
assign or transfer any share or shares o
stock held by him unless he shall frs
offer the same in writing to the board o
directors, which shall have the right &
purchase the same within ten days there
after, Mt the valuation to be determined b,
the board; and in case Of dissatisfaction
as TO the price the matter shall be arbi
trated, one arbitrator with the power o
amlcable cOmpOunder to he appointed h,
each side and an umpire to be selected b
those two, who shall take oath and who's
decision shall be final. and no recourse I
the courts to be thereafter allowed An
an shares OF stock when so purchased ma
be re-issued at not less than par.
ARTICLE VI. All the corporate power
or the corporation not reserved by law (
the stockholders, shall be vested in an
exercised by Board of Directors to b
composed of not less than three stock
holders, majority Of which shall con
sutute quorum TO transact business
Said Board OF Directors shall be clccte
annually at a meeting of the stockholder
OF this corporation to be held on the fir,
day of September, 1921
. The Board of Directors shall Ia,
power to make bylaws. rules and reg
latiOns necessary for the conduct of n
business affairs of said corporation; an
they shall elect from their number
President, a Vice President and a Seer
tary-TreaSurer, which latter Office may
divided so that the Secretary may be fill
by a person other than a stakeholder
the Board OF Directors find necessary Al
expedient and to the interest of the &C
poration.
All officers shall he stockholders of Il
corporation, except the Secretary who IN
be hired to perform the duties of that
fee.
3. Until the election to be held as he