The herald., 1920-12-09
CHARTER OF THE ENACT TAILORING
COMPANY, INC.


United States Of America. State OF Lou
siana. Parish of Orleans: be it known.
that on this first day of November in the
year one thousand, nine hundred and
twenty, before me. Daniel John MIrphy,
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 hereuntO subscribed. all OF the
full age of majority and residents OF this
city, and who SeyeTally declared that avail
ing themselves of the provisions of the
Act of the Legislature of the State of
Louisiana. and known as Act No. 267 of
the session of 1914, do by these presents
covenant and agree and bind themselves,
as well as all such other persons as may
become hereinafter associated with them
in order TO form or constitute a corpora
tiOn or body polite in 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 il shall
have and enjoy all the rights, privileges
and advantages granted by law to cor
pOrations; It shall exist for a period of
ninety nine years from this date, it shall
have the power to contract, to sue and be
sued in its corporate name; to make and
use corporate seal; and the same to
break or alter at pleasure; to hold, re-
ceive, purchase, convey, mortgage, hypO-
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 and
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-
GnnS N 1pn CON anf arnA ~ .f
the affairs of the corporation as may be
deeBed necessary and eXpedient.
ARTICLE 1.-THE domiciIe OF the cor.
poration shall be i'm the City Of New Or
leans, State Of Louisiana, and all citation
ana other legal process shall be served
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 tailoring
and all such articles Incidental or apper-
tanning to general tailoring and manu-
featuring clothing business, either as prin-
cipals or agents, and either at wholesale
or retail, and in furtherance thereof. to
lease, purchase, acquire real or personal
property, including trade marks and cOpy
rights as may be required or necessary
Prosecution
of said business, and to mortgage or hypo-
thecate the same; in the establishment and
mai1tenance of factory or factories plants
warehouses or otherwise, and generally to
40 everything or things as may be neces-
sary in the prosecution of said business
ARTICLE lV.-The capital stock of this
corporation shall be and is fixed at tho
sum of ten thousand and 90 100 dollars,
divided into one hundred shares of the
par value of one hundred dollars each. No
naf NJ eft. 4.
TINS corporation unless same appear on
the books thereof.
No stakeholder shall have the right to
assign or transfer any share or shares of
STOCK held by him unless he shall first
Oner the same in writing to the hoard OF
directors, which shall have the right TO
purchase the same within ten DAYS there.
aLter; at the valuation to be determined by
the BOARD; and in case of dissatisfaction
as TO the price the matter shall he arbi
uated, one arbitrator with the power of
amicaDle compounder to be appointed nv
..In sue ana an umpire to he selected by
those TWO; who shall take oath and whose
ueclSlon SHAH be fnal and no recourse 10
tne courts 10 be thereafter allowed And
an shares OF stock when so purchased NAV
De fe-lSSued at not less than mar
ARTICLE VI. All the cornorata rov.o-s
OF the corporation not reserved by law 70
the stockholders, shall be vested IN and
eNerclsed by Board of Directors to be
composed of not less than three stocg
holders, "a majority of which SHAH con
stitute quorum to transact business
Said Board of Directors shall be elected
annually at meeting of the STOCKHOLDERS
or this corporation to be held on the first
day OF September, 1921
The Board of Directors shall hav,
power to make bylaws. rules and regu.
iatons necessary for the conduct of ths
business affairs Of said corporation; and
they shall elect from their number >
President, a Vice. President and A Secre
tary-Treasurer, which latter Office NAV b,
divided so that the Secretary may be filled
by person other than a stockholder, Il
the Board OF Directors find necessary anC
expedient and to the interest of the cor
poration.
All officers shall be stockholders Of thii
corporation, except the Secretary who ma,
be hired TO perform the duties of that of
fee.
3. Until the election to he held as here