The herald., 1921-10-27

INC.
United States of America, State of
Louisiana. Parish of Orleans, City of New
Orleans. Be it known, that on this 9th
day of October. in the year of our Lord,
one thousand nine hundred and twenty
one. before me- Joseph A. Casey. a Not
airy Public in and for this Parish and
State, duly commissioned and qualified,
and in the presence of the hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed. who de-
clared that availing themselves of the laws
in such cases made and provided, and
particularly Act 267 of 1914. they do by
these presents form themselves and their
associates into corporation for the OBJ
jects and purposes and under the stipu'
latiOns hereinafter set forth. which they
adopt as their charter, to-wit:
ARTICLE THE name and title of this
corporation is hereby declared to be the
United Style Shop. Inc, and IL shall have
corporate succession for period of nine
ty nine years from this date. unless sooner
dissolved. 1t shall have authority to sue
and be sued and to make and use a cor
poratiOn seal; to hold, purchase, lease,
sell and hypothecate real and personal
property; to make and issue bonds, to
borrow and lend money; to name and ap-
point directors. managers and agents, and
agement of the business and affairs of
said corporation as may be necessary.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans. State of Louisiana.
ARTICLE III-The objects and pur-
poses for which this corporation is Or
ganiZed, and the nature of the business
to be carried on by it, are hereby gen.
orally to be: To engage in the business
Of retail clothing, and engage in any
\
growing out of. germane or incidental to
the objects and purposes herein set out
or contemplated by this charter.
ARTICLE Iv-The Capital Stock Of this
corporation is hereby fixed at the sum
of Nineteen Thousand (s19.OOO.OO) Dollars
and shall consist entirely Of Common
Stock, divided into Nineteen Hundred
$1,000 Shares, Of the par value of One
Hundred (S100.00) Dollars each, which
shall be paid for in cash, or in INSTALL
ments at the call of the Board of Di-
rectOrs, or may be issued at not less than
par for services rendered to or property
actually received by the corporation. All
shares of stock shall be full paid and
worcestershire. No stock of this corpOr-
alton shall be pledged, transferred or sold
without 1t first having been offered to the
corporation and ten days allowed within
which time to purchase said stock at its
book value. Should the corporation fail
to exercise this privilege within the ten
days, then the stakeholder shall be per-
mitted to pledge, transfer or sell his stock
in the open market No transfer of stock
shall be binding upon the corporation IN
less made upon its books in accordance
with this stipulation and all certificates
of stock shall be signed by such officers
as may be designated by the Board of
Directors.
ARTICLE v-All corporate powers shall
be exercised by the Board of Directors
consisting of five 90 stockholders. three
(3) of whom shall constitute a quorum
for the transaction of business. The first
Board of Directors shall be composed of
the following, to-wit:
Clinton w. Power, William A. Lipsey,
Lawrence Nj. Power, George W. Bond and
Claude X. Jackson.
The Board of Directors shall be elected
annually at a meeting held on the first
Monday in October under such rules and
regulations as may be determined by the
Board of Directors. No failure to hold
an election shall be regarded as for
fixture of this charter and any vacancy
occurring on said Board of Directors shall
be filed by the remaining Directors for
the unexpired term. The officers to serve
under this charter shall be elected from
the Board of Directors as soon as the
sum OF Ten Thousand (Sl0,0000O Dollars
is subscribed and shall serve until the
election TO be held in October, 1922, or
until their successors are elected and quail
flied. Each stakeholder shall be entitled
to one vote, whether cast in person or by
proxy, for each share of stock owned by
him and standing in his name on the
books OF the corporation. The Board of
Directors shall appoint such agents and
employees as may be necessary, removable
at the pleasure of the Board, in the con-
duct Of its business.
ARTICLE Wat the termination of
this charter by limitation or otherwise
the business and affairs shall be lioui.
nv tU0
from among the stockholders at a meet
ing OF the stockholders convened for such
purpose after ten days notice in writing
shall have been given by the Secretary
TO each stockholder in person or by mail,
said liquidators to be elected by a ma.
Jority vote of the shares of capital stock
present or represented at such meeting
ARTICLE VII-This charter may be
changed, altered or amended, or the cor
poration may be dissolved or ordered
iiquidated by vote of two-thirds Of the
capital stock present or represented at
meeting of the stockholders convened
for such purpose after ten days notice
in writing shall have been given by the
Secretary to all the stockholders in per-
son or by mail.
ARTICLE VIII-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation in
any further sum than the unpaid balance
due to the corporation on the shares
owned by him, nor shall any mere in
formality in organization have the effect
of rendering this charter null or expos
ing any stakeholder to any liability be-
yond the amount Of his unpaid stock.
This done and passed in my Office in
the City of New Orleans, State of Louisi-
ana, In the presence Of John J. Kelley
and Ben Hocke, competent witnesses, re-
siding in this city, who hereunto sign
their names with said appearers and me,
Notary, after q due reading Of the whole,