The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-10
CHARTER OF UNITED STYLE SHOP,
INC.

, |
Louisiana, Parish of Orleans, City of Ne
Orleans, Be it known, that on this 81
day Of October, in the year OF our Lort
one thousand nine hundred and twent,
one before me, Joseph A. Casey, a MOI
airy Public in and for this Parish an
state, duly commissioned and Qualifie,
and In the presence of the hereinafte
named and undersigned, personally cam
and appeared the several persons who's
names are hereunto subscribed, who d,
| clared that availing themselves Of the law
| In such cases made and provided, an
particularly Act 267' Of 1914, they do b,
these presents form themselves and thei
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 it shall have
corporate succession for a 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 an
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.
poration shall be in the City of New Or
leans, State of Louisiana
ARTICLE 1II-The objects and pur-
poses for which this corporation is or
ganized, and the nature of the business
10 De carried on by it, are hereby gen.
eralIy 10 be: To engage in the business
Of 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 tbi,
corporation is hereby fixed at the sum
OF Nineteen Thousand (s19,OO0.OO) Dollars,
and shall consist entirely Of Common
Stock, divided into Nineteen Hundred
lISoVl Shares, of the par value of One
hundred $1OOOO Dollars each, which
snail 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 Tor services rendered to or property
actually received by the corporation. All
shares Of stock shall be full paid and
ition shall be pledged, transferred or sold
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
@ exercise this privilege within the ten
lays then the stakeholder shall be per-
nitted to pledge, transfer or sell his stock
n the open market. No transfer of stock
mail be binding upon the corporation I'M
ess made upon its books in accordance
With this stipulation and all certificates
II stock shall be signed by such officers
IS may be designated by the Board of ,
Directors.
ARTICLE Vail corporate powers shall |
'e exercised by the Board of Directors
onsisting of five 90 stockholders, three |
% Oh Wnom shaH constitute a quorum |
or the transaction of business. The first |
Soard of Directors shall be composed of |
he following, to-wit:
clinton w. Power, William A. Lipsey,
:awrence NJ Power, George w. Bond and |
'laude X. Jackson.
The Board of Directors shall be elected
nnually at meeting held on the first
ionday in October under such rules and
equations as may be determined by the
'oard of Directors. No failure to hold
n election shall be regarded as a for
eiture Of this charter and any vacancy
ccurring on said Board of Directors shall
e hlled by the remaining Directors for
ne unexpired term. The officers to serve
nder this charter shall be elected from
he Board of Directors as soon as the
I'm OF Ten Thousand ($10O00.OO) Dollars
subscribed and shall serve until the
lection to be held in October. 1922. or
nth their successors are elected and quail
led. Each stakeholder shall be entitled
one vote, whether cast In person or by
roxy, for each share Of stock owned NV
IN anu sIanuihs IN MS name on the
ooks OF the corporation. The Board of
irectors shall appoint such agents and
npioyees as may be necessary, removable
the pleasure of the Board, in the con-
uct of its business
ARTICLE Wat the termination of
lis charter by limitation or otherwise.
le business and affairs shall be Honi,
ated Dy TWO hquidatOrs to be appointed
ON among the stockholders at meet
y Oh the stockholders convened for such
urpose after ten days notice in writing |
haiI nave been given by the Secretary
eacn stockholder in person or by mail.
40 nquidators to be elected by a ma.
'rly vote OF the shares Of capital stoch
resent or represented at such maating
ARTICLE VII-This charter NAV h.
hanged, altered or amended, or the cor
oration may be dissolved or ordered
undated by vote of two-thirds of the
ipitai stock present or represented at
meeting OF the stockholders convened
" such purpose after ten days notice
wiring snail have been given BY the
!, 10 an the stockholders in per-
ARTICLE vIII-No stakeholder shall
er De held liable or responsible for the
'ntracts or faults Of this Corporation in
y iurtner sum than the unpaid balance /,
ne 70 the corporation on the shares (,
sned Dy him, nor shall any mere in
rmahsy In organization have the effect | s
rendering this charter null or ernos.
9 any stakeholder to any LIABILITY b. :
,nd the amount Of his unpaid stock. !
Inls done and passed in my Office IN :
= City OF New Orleans, State of Louisi. \
"a IN the presence Of John J. Reillev \
% Ben Hocke, competent witnesses. re-. .
ing In this city, who hereunto sign I
slr names with said appearers and me. 8
'ary' aIter due reading Of the whole,