The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-06
CHARTER.
CHARTER OF THE EXACT TAILORING
COMPANY, INC.


twenty, before me, Daniel John Murphy,
d notary pubic, duly commissioned ana
sworn IN ana Tor the Parish OF orleans
and City VI New orleans, therein residing,
and in the presence Of the witnesses mere
In after named AMI Undersigned, persOhaII!
came and appeared the persons whose
names are hereuntO subscribed, all OI Tue
fuIl age of majority ana residents OF inns
ciIy and who seyrraIly declared that avail
ing themselves OF the prONlslOhs OF IHt
Act OF the Legislature VI the state OF
Louisiana, and knOwn as Act NO. -O' OF
the session Of 1914, do by these presents
covenant and agree and bind themselves,
as we'll as all such other persons As ma!
become hereinafter associated WIN theIh'
in order TO form or constitute corpoI"
ton or BODY polite i'll law, Tor the OoJev'
ana purposes anu under the supulatlyns
as follows.
ARTICLE The name and style OF this
CORPORATION shall be Exact Tailoring tOil-
pany, Inc, ana under that name II sAdl
nave and ENJOY ali the rights privileges
and advantages granted Dy law 10 COT
poratlous; AZ shall exist for a period -.
ninety mine years from this date, IL SAsi
have the power to contract, 10 sue ana De
sued in its corporate Nance 10 maze anu
use corporate seal ana the SAINT "
break or alter at pleasure; TO AOld, re-
ceiye, purchase, convey, mortgage, A!po-
thecate or pledge property, real, personal
or mixed, issue bonus, notes or Olhtf o.
legations ana negotiable INSTRUMENTS 1"
engage in the business OF wholesale or re-
tan clothing manufacturing business IL
all its various phases; ana 10 nave an"
employ sucn managers, directors, olHItL .
agents and other employees as their IN
terest ana convenience OF said corporation
may require or demand; TO make anu es'
tablisn suCn rules, bylaws and reBuIa'
tions tor the management ana control o..
the affairs of the corporation as may u
deemed necessary ana eApedlenI.
ARTICLE 1.-THE domicile Of the cor
pOration snail be III the city OF New OI-
leans, State of Louisiana, and all citation
ana Otner legal process snail be strN"u
on the Presiuent, anu IN ms absence On
the Vice President and In the absci.'.
both, then Oh the Secretary Treasurer.
ARTICLE uI-The objects and pur-
poses for which this corporation Is formed
are hereby declared to be: 10 engage
in and carry on the business OF manuIac-
turinE, buying and selling OF clothing, IA"
and finished materials, general laIIOrlnS
and all such articles incidental or appvi
tanning to IA general tailoring and manu-
featuring clothing business, either as prlh'
cipaIs agents, and either at Wholesal1
or retail, and in furtherance thereOI, 10
lease, purchase, acquire real or personal
property, including trade marks ana cop!
rights as may be required or necessarf!
for the proper execution ana prosecution
of said business, and to mortgage or hSPO-
thecate the same; IN the establishment ana
maintenance of factory or factories, plants
warehouses or otherwise, and generally 10
do everything or tnlHBS as may De heStS-
sary In the prosecution OF said business.
ARTICLE Iv-The capital stock Of this
corporation shall be and Is hxed at tht
sum of ten thousand and 10 400 dollars
divided into one hundred shares OF the
par value of one hundred dollars each. Nc
transfer of stock shall be binding upon
this corporation unless same appear Oh
the books thereof.
No stockholder shall have the right t
assign or transfer any share or shares O
stock held by him unless ne snaii mrs
offer the same in writing to the board o
directors, which shall have the right u
purchase the same within ten days there
after, at the valuation to be determined D.
the board and in case OF dissatisfaction
as to the price the matter shan De arDl
trated, one arbitrator with the power o
amicable compounder to be appointed o!
each side and an umpire to be selected u.
those two, who shall take oath ana Whos
decision shall be final, and no recourse U
the courts to be thereafter allowed. Ant
ali shares Of stock when so purchased ma.
be re-issued at not less than par.
ARTICLE vi. All the corporate power
of the corporation not reserved by law Z
the stockholders, shall be vested In an
exercised by a Board Of Directors to b
composed Of not less than three stock
holders, majority OF which shall con
Said Board of Directors shall be eiecte
annually at a meeting OF the stockholder
of this corporation to be held on the mrs
day or september, lO<l'
The Board of Directors shall hav
power to make bylaws, rules, and regu
Iations necessary for the conduct OF IN
business affairs Of said corporation; an
they shall elect from their number
President, a Vice,President ana ser !
divided so that the Secretary may be lille
by a person other than stockholder,
the Board of Directors find necessary an
expedient and to the interest Of the col
poration.
: All officers shall be stockholders Of thi
corporation, except the Secretary who ma
be hired to perform the duties of that Of
fee.
3. Until the election to be held as herr
inabove provided. the following shall col
stitute the first Board Of Directors, VII
Ferdinand Meliet, President, 623 s. Rel
don Street, New Orleans; Charles A. Wat
ner, Vice. President, 1101 n. Broad Stree
New Orleans; Charles Dorm. seereta5
leans, all three resident OF New Orlean
La. ,
ARTICLE vI.-This charter may
amended and the capital stock OF tn
CORPORATION may be increased or d
creased, or this corporation may be di
solved and its affairs liquidated In q
"A method and manner provided by law,
q now or hereafter in force
ARTICLE yII.-No stakeholder OF tn
corporation shall be liable or responsib
for the contracts or faults OF this co
poration In any further sum than the u
paid balance on the stock for which
has subscribed, nor shall any mere !
formality in organization have the enc
of rendering this charter null or OF e
posing a stakeholder to any liability 9th
than as above provided.
Thas done and passed in my office,
the day, month and year first above pr
4 yided in the presence Of Stanley McDt
mott and George Keller, competent W
! nesses who have signed these presents wi
the said appearers and me, Notary, an
due reading Of the whole.
(oRIGINAL SIGNED:
Names of subscribers omitted)
Witnesses: s. McDermott, Geo. Kelle
DANIEL j. MURPHY,
II Notary Public
1. the undersigned Recorder OF Mo
4 . cages In and for the Parish Of Orleal
State Of Louisiana, do hereby certify II
I the above and foregoing Act OF lncorpo
ton, Of the Exact Tailoring Co., Inc, "
duly recorded in my Office In BOOK IL
folio $50 New Orleans, November 20, ~
(SIGNED) EMILE ]. LEONARD,
I. certify that the above and foregoing
be true and correct copy of the Act
incorporation OF the Exact Tailoring I
Inc, passed before the undersigned
tary, on said date, together with the
tifcate OF recordation OF the Recorder
Mortgages of the parish. New Orlea
November 20. 1870.
DANIEL J. MURPHY,
ii Notary Public
Dec. Plan. O.
AMENDMENT TO CHARTER OF IN