The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-13
CHARTER.
QUARTER OF UNITED STYLE SHOP,
INC.

CHARTER OF UNITED STYLE SHOT,
INC.
United States of America, State OF
Louisiana. Parish of Orleans, City OF New
| Orleans. Be it known, that on this OH
day of October, in the year of our Loru
! one thousand nine hundred and twenty
ono before me. Joseph \. Casey. Not.
/ ary Public in and for this Parlsh ana
state. duly commissioned and quaiined
| and in the presence of the herelhaltei
named and undersigned, personally came
and appeared the several persons Whos'
names are hereuntO subscribed. who de
clared that availing themselves of the laws
! in such cases made and provided. ana
| particularly Act 26I of 1914. they do by
| these presents form themselves ana thcli
associates into corporation Tor the Cd
| jects and purposes and under the s,ipu
| lations hereinafter set forth. whlch they
ADOPT as their charter. tO-wit:
| ARTICLE 1.-The name and title or inns
Cornoration is hereby declared to be the
United style shop. Inc, and IL SHAH nave
corporate succession for period OF nine
tv-nine years from this date. unless sooner
dissolved. 1t shall have authority to sue
and he 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, 10
borrow and lend money; 10 name and APP
TO establish such bylaws for the man
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 10 be: To engage in the business
lnE fas1 1aNk n
other business. undertaking or enterprise
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
and shall consist entirely of Common
Stock. divided into Nineteen Hundred
$4,000 Shares, of the par value of One
Hundred (s1OOO) 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 it 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 I'M
less made upon it's 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 y-All corporate powers shall
be exercised by the Board of Directors
consisting of five (5) stockholders. three
~ 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 4. Lipsey.
Lawrence NJ. Power, George W. Bond and
Claude X. Jackson.
The Board of Directors shall be elected
annually at 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 a for
fixture of this charter and any vacancy
occurring on said Board of Directors shall
be filled by the remaining Directors for
the uneNpired term. The officers to serve
under this charter shall be elected from
the Board of Directors as soon as the
sum of Ten Thousand $4,000 OO) Dollars
is subscribed and shall serve until the
election to be held in October. 1922 or
until their successors are elected and quail
ihed. Each stakeholder shall be entitled
10 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 liaui-
dated by two HQuidators to be appointed
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 stakeholder in person or by mail
said ltquidators to be elected by 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
liquidated by a vote of two-thirds of the
capital stock present or represented at
a meeting of the stockholders convened
Tor such purpose after ten days notice
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
owned by him, nor shall any mere in
formaiity In organization have the effect
or 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 I'm
the City Of New Orleans. State of Louisi.
ana, In the presence OF John J. Reilley
ana Ben Hocke, competent witnesses. re-
siding In this city, who hereunto sign
.neir names with said appearers and me,
Notary, after due reading of the whole
on the day, month and year first above
Names and addresses of subscribers
omitted.
Witnesses: Jno. J. Kelley. Ben Hocke
JOS. A CASEY,
Notary Public.
1, the undersigned Recorder of Mort
cages, in and for the Parish of OrIeans
state OF Louisiana. do hereby certify that
the above and foregoing Act of Incorpor-
alton OF the United Style Shop. Inc. was
tbs day recorded In my office in Book
New Orleans, La, October 10th. 1921.
ROBERT SCOTT,
Deputy Recorder.