The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
CHARTER OF THE ENACT TAILORING
COMPANY, INC.

United States of America State of Lon
siana, Parish of Orleans; be il known
that on this first day Of November in tht
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
and City of New Orleans, therein residing
and in the presence of the witnesses hero
in after named and undersigned, personally
came and appeared the persons whose
names are hereuntO subscribed. all of the
1ull age OF majority and residents Of this
city, and who severaIly 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 aud bind them selves
as well as all such other persons as NAV
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 stipulations,
as follows:
ARTICLE The name and style Of thi,
corporation shall be Exact Tailoring Com.
pany, Inc, and under that name II shall
nave and enjoy all the rights privileges
ana advantages granted by law to cor
poratlons; II shall exist for a period of
ninety, nine years from this date II shall
nave the power to contract to sue and no
sued In Its corporate name; TO make and
use corporate seal; and the same TO
break or alter at pleasure; to hold, re-
thecate or pledge property, real personal
or mixed, issue bonds. notes or other oh
Hgatlons and negotiable Instruments: to
engage In the business Of wholesale or re-
tah clothlng manufacturing business in
all It's 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 reguIa
uohs Tor the management and control OF
the affairs of the corporation as NAV he
deemed necessary and expedient.
ARTICLE 1.-THE domicile OF the cor.
poration shall be In the City OF New Or
and other legal process shall he Saryed
on the President and in his absence on
tne vice President and In the absence
ooth' then on the Secretary Treasurer.
ARTICLE III.-The objects and mr.
poses for which this corporation is formed
are hereby declared to be: To engage
In and carry on the business of mannfac
turing, buying and selling Of clothing raw
ana nnished materials. general tailoring
and all such articles incidental or anner
. .a.ig TO a general tailoring and manu-
facturt1g clothing business either as min
clpals or agents, and either Mt wholesale
or retail, and in furtherance thereof 70
tease purchase, acquire real or personeI
property, including trade marks and copy
rights as may be required or necessary
Tor the proper execution and prosecution
OF said business, and TO mortgage or hypo-
tnecate the same: in the establishment and
MAJ Slehahce OF factory or factories plants
warehouses; or otherwise, and generally 70
90 everything or things as NAV be neces-
Sary In the prosecution of said business.
ARTICLE Iv.-The capital stock n, tbts
corporation shall be and Is fixed AT tho
sum OF ten thousand and 90 100 dollars
ulViueI into one hundred shares of the
par naIue OF one hundred dollars each. No
hal no
TINS corporation unless same annear on
the books thereof
NO stakeholder shall have the right IN
assign or transfer any share or shares az |
stock held by him unless no shall s o
oner the same in writing to the hoard NJ !
directors, which shall have the right to
PsSndse the same within ten DAYS there.
hIter, at the valuation TO be Differentiated a.,
the board; and in case OF disSatisSao,,S
as 10 the price the matter shall he ami
rated, one arbitrator with the noyver 20
sach s3I Conpounder to be appointed bv
thOse TWO, who shall take oath and 49,
u .n shall be final, and no recoursc 70
ene s courts TO be thereafter allowed. And
aR shares OF stock when so purchssad - rniu
ke-issued at not less than mar ma!
rlCLE VI All the corporate no,.o.
he corporation not reserved NV iaw -
stockholders, shall be vested in "a
Exercised by a Board of D,reSter IN and
composed OF not less than three stocS
holders, majority Of which shah On
s'Iute a quorum TO transact business
said Board Of Directors shall he eirc,od
annually at meeting OF the stockboIders
or this corporation to be held on the 1rst
Jay or September, 1921.
The Board of Directors shall b,vo
power TO make bylaws. rules, and regne .
iations necessary for the conduct of tho
business Affairs Of said corporation; and
tney shall elect from their number |
PRESIDENT, Nice-President and a Secre
sary Ireasurer, which latter Office may be /
divided so that the Secretary may be filled
Dy person other than a stakeholder, n
the Board OF Directors find necessary and
poration. WI
All officers shall be Stockholders ~ ,b,s
corporation, except the Secretary who NAV
be hired to perform the duties of that of
fee.
3. Until the election to be held as here