The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
CHARTER OF UNITED STYLE SHOP,
INC.

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 a 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 1t shall have
corporate succession for Il period of nine
tynine years from this date. unless sooner
! dissolved. 1t shall have authority 10 sue
and be sued and to make and use i 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
to establish such bylaws for the man
agement of the business and affairs of
said corporation as may be necessary.
ARTICLE 1.-THE domiciIe 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 gem
orally to be: To engage in the business
or retail clothing, and engage in any
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
OF Nineteen Thousand (S19.00O.O0) Dollars,
and shall consist entirely Of Common
Stock, divided into Nineteen Hundred
1900 Shares, of the par value of One
Hundred ($1O0O0) 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
non -assessable. 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
DOCK value. Should the corporation fail
TO exercise this privilege within the ten
days then the stakeholder shall be per-
" plcuSe, lTduSIer Sell MS STOCK
In the open market. No transfer of stock
shall be binding upon the corporation I'M
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 Vail corporate powers shall
be exercised by the Board of Directors
consisting Of five (5) stockholders, three
30 of whom shall constitute a quorum
frnn g hVNas a
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 a for
TEXTURE of this charter and any vacancy |
occurring on said Board of Directors shall |
be filled 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 (SlOO00.OO) Dollars
is subscribed and shall serve until the
election to be held in October, 1922, or
until their successors are elected and quail
ifed. 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
DOORS 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 liuui- |
dated by two liquidators to be appointed
from among the stockholders at a meet
ing OF the stockholders convened for such
purpose after ten days notice in writing
snail have been given by the Secretary
to each stakeholder in person or by mail
SAID lquidatOrs to be elected by ma.
Jorlty 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
poratlon may be dissolved or ordered
llquldated by vote of two-thirds of the
capital stock present or represented at
a 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 WILING stakeholder shall
sVer De held liable or responsible for the
contracts or faults of this CORPORATION in
my further sum than the unpaid balance
Tue to the corporation on the shares
owned by him, nor shall any mere fn-
ornaIty in organization have the effect
II rendering this charter null or expos
ng any stakeholder to any liability be-
ono the amount Of his unpaid stock.
This done and passed in my Office In .
he City Of New Orleans, State Of Louisi.
ma, In the presence Of John J. Kelley
nd Ben Hocke, competent witnesses. re- |
iding In this city, who hereunto sign [
neir names with said appearers and me,
otary' afeer Q due reading Of the whole. q