The herald., 1920-12-02

United States of America, State OF Lou
Siana, Parish of Orleans; be il known.
that on this first day of November in the
year one thousand, nine hundred and
twenty, before me, Daniel John Murphy,
notary public, duly commissioned and
sworn in and for the Parish of Orleans
ana 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 severally 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 them selves.
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 in law, for the object
ana purposes and under the StipulatiOuS,
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 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-
! ceiye, purchase, convey, mortgage, hypO-
| theCatc or pledge property, real personal
| or mixed. issue bonds notes or other OBJ
| legations and negotiable instruments; 10
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
| ha rna utraV md fr,I n
| 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 Oh
| the Vice-President and in the absence
| both, then on the Secretary Treasurer
| ARTICLE II.-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
| aiatenance Of factory or factories. plants
| warehouses or otherwise, and generally tC
| 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 90 400 dollars
| divided into one hundred shares OF the
| par value OF one hundred dollars each. Nc
| transfer OF stock shall be binding upoT
! this corporation unless same appear or
| the books thereof.
| No stakeholder shall have the right e
| 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 4
| purchase the same within ten days there
after at 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
! amicable compounder to be appointed b.
each side and an umpire to be selected b!