The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-30
CHARTER OF THE ENACT TAILORING
COMPANY INC

United States of America, State Of Lou
siana, Parish Of Orleans. be ii known.
that on this first day of November III 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 hereuntO subscribed, all of tn,
full age of majority and residents Of this
city, and who seyerally declared that avail
ing themselves of the provisions of the
Act of the Legislature of the State OF
Louisiana, and known as Act No 20T OF
the session of 1914, do by these presents,
covenant and agree and biud themselves,
as well as all such other persons as may
become hereinafter associated with them,
in order TO form or constitute a corpora
ton or body polite i'll law, for the Oh jecI
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 II shall
nave and enjoy all the rights, privileges
and advantages granted by law to cor
pOrations; II shall exist for a period o.
ninety nine years from this date, il shall
have the power to contract, to sue and b,
sued in Its corporate name; to make anu
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; Il
engage in the business of wholesale or re-
tail clothing manufacturing business in
all Its various phases; ana to have ant
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 U
the affairs of the corporation as may b,
deemed necessary and eXpedient.
ARTICLE 1.-THE domicile of the cor.
poration shall 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 on
the Vice President and in the absence
both, then on sthe 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 a 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
FOR the proper execution and prosecution
OF said business, and to mortgage or hypO-
thecate the same; In the establishment and
maintenance Of factory or factories, plants
warehouses or otherwise, and generally to
do everything or things as may be neces-
sary in the prosecution of said business.
ARTICLE IV.-The capital stock of this
corporation shall be and is fixed at the
sum OF ten thousand and 90 100 dollars,
divided into one hundred shares of the
A N Al raA Anll oh No
transfer of stock shall be binding upon
THIS 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
offer the same in writing to the board of
directors, which shall have the right TO
purchase the same within ten days there
after, at the valuation TO be determined by
the board; and In case of dissatisfaction
as TO the price the matter shall be arbi-
trated, one arbitrator with the power of
amicaDle compOunder to be appointed by
each side and an umpire to be selected b,
thOse Two, who shall take oath and whose
decision shall lie final and no recourse TO
the courts to be thereafter allowed AND
All shares OF stock when so purchased Inal
DE re-iSsued AZ not less than par
ARTICLE VI. All the corporate mowers
OF the corporation not reserved by law to
the stockholders, shall be vested in and
exercised by Board of Directors to be
holders, majority Of which shall CON
stltute a quorum to transact business.
said Board Of Directors shall b. elected
annually at a meeting of the stockholders
or this corporation to be held on the first
DAY OF September, 1921.
The Board of Directors shall have
power to make bylaws, rules. and rcgu-
laions necessary for the conduct OF The
business affairs OF said corporation; and
they shall elect from their number A
President, Vice President and a Secre-
tary- Treasurer. which latter Office may De
divided so that the Secretary may be Hilnd
by person other than a stOckholdor. II
the Board Of Directors find necessary and
expedient and to the interest OF the cor
poration.
All officers shall be stockholders of this
corporation, except the Secretary who may
be hired to perform the duties of that of
fee.
3. Until the election to be held as here
II