The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18
CHARTER
OF IVORY GARTER COMPANY.

ana, lily OF We" orleans.
Be it known, that on this twenty -sevent
(2Tth) day OF the month of August in tn
year or our Lord, one thousand nine hui
dred and thirteen (19l3). and OF the ind,
pendence OF the United States OF Amerlc
the one hundred and thirty eighth befoT
lic duly commissioned and qualified In an
for the parish OF Orleans, state Of Louis
ana, and in the presence OF the witnesse
hereinafter named and undersigned person
ally came and appeared Nugent b. Vairir
Alfonso A. Rifel, Gustave Il. Baldwin, al
residents Of the city of New Orleans. stat
Of Louisiana, and OF the full age Of ma
iOrity, who declared that avsilng them elve
OF the laws of this state. relative to the or
| CARNATIONS Of corporations in such case
made and provided, they have formed and d
by these presents form themselves into an,
! constitute themselves, their associates, sue
cessOrs and assigns a corporation for the Oh
jectS and purposes, and under the stipula
tiOns herein. set forth, which they adopt a
| their charter tO-wit:
Article The name and title Of thi
| corporation shall be the Ivory Garter Com
| pany," and it shall have and enjoy cor
| pOrate succession for period OF ninety-nin,
years from this date, and shall have, fol
| the purposes Of the business TO be carried
| on by II, all the powers conferred by law
| upon corporations, including the power Il
! contract debts, borrow money, issue notes
| ana other Obligations, and to purchase. lea
! sell, mortgage, pledge, exchange and other
wise acquire. ALLEVIATE or dispose of prop
/ erty, real, personal or mixed, in the proSecu
| ton of its business to contract sue and hs
sued; to make and use, If ii so desires, :
corporate seal, and the same 10 break OF
| alter at pleasure; to make bylaws for its
government. and the same TO alter. amend
| or repeal at pleasure to name and employ
such managers, directors officers, agents and
employees as its interests may require and
generally TO exercise all the powers neces
sary or convenient TO carry on said business
Article 1.-THE domcile of this corpor.
alton shall be In the city OF New Orleans
state or Louisiana, and all citations and
| other legal process shall be served on the
president, and in case OF his absence, or dis
ability, on the vice-president and in case
Of the absence or disability OF both of said
| ohcerS, then on the secretary-treasurer
Article lll.-The objects and purposes for
. Wnicn TINS corporation is organized, and
the nature of the business to be carried on
| by II, are hereby declared TO be TO manufac-
lure, purchase, or otherwise acquire deal
IN and sell, novelty articles, and more par
tlcularly clasps, carriers, belts and suSpend-
erS OF every kind and character Whatsoever
also all parts, devices and instruments. an
pIlances, machinery and things necessary
IN me manufacture OF said novelty articles.
ciaSps, carriers, belts and SuspenderS; and
| TO acquire 10y lease, purchase or otherwise
patent rights and trade marks in the in
| tereSt and behalf of said business, and 10
do any and all other things Incidental 10 or
connected with said business.
Article lN-The capital stock OF this cor
poratlon Is hereby fixed at twenty thousand
dollars ($2O,OOO.0Ol, paid in cash, divided
into and represented by two hundred (2OO
shares OF the par value OF one hundred dol
lars (S100.O0) per share.
Article V.-All powers OF this corporation
snail be vested In a board OF directors. CON
slsting OF not less than three stockholders
VINO shall be elected annually at a meeting
OF the stockholders, to be held on the frsf
Monday In January OF each and every year,
except the board of directors hereina fter
provided for, who shall hold office until the
nrst Monday In January, 1915, or until
their successors are elected and qualified
All elections shall be held by ballot at the
sion OF two commissioners, TO be appointed
by the board.
Notice OF stockholders meetings or cleo
lions shall be given by the secretary-treas-
urer. in writing, delivered to each stocS.
n9ider IN person, or mailed to his last known
address, at least ten days prior to such
Stoekn ,'S, meetings or elections or by
at least ten days prior TO such elections or
meetings OF stockholders
Every stakeholder shall be entitled TO one
vote Tor each share Of stock standing in
his name on the books Of the company at m.
GATE or said stockholders meeting or elec-
tlon, said vote to be cast in person, or by
Wr,Ifen proxy. and majority Of votes cast
81 eject or prevail, provided a majority
present or represented
fallure to elect directors at any annual
meeting shall not dissolve or affect the cor
continue as such until their successors arc
elected and qualified. The first board OF
directors, under this charter, shall consist
~ Nugent r. Iairin, president Alfonso A.
secretary-treasurer said board of directors
snail hold office until the first Monday in
January 1915, or until their successors are
III ana quallned, and any two OF whom |
snail constitute quorum. |
All vacancies in the board or among tho |
oIncers, shall be filled by the remaining direc. |
lors' and any member of the board may ap- |
point any other stakeholder his proxv 10 Of. |
Tend any meeting in his place and Stead
The board shall be vested with full now.
r ana authority to make all contracts mr. |
,nases' sales, and perform all other acts nee. |
hess. VI 'ne ousl-
The signature OF the president or vice
president shall be binding upon the com
pany when attached TO checks or notes OF |
said company. '' vi
Article vI.-This corporation NAV he dis
solved either by limitation or n two thirds
i ,omid Oh the capital stock, issued, and said
nissioners to be appointed from anongnt
. ne stocknolders at general meeting called
or mat purpose, OF which meeting notice
maj, ma De given as hereinabove provided for,
'nu majority or the capital stock present
u such meeting shall elect Said commis
'loners shall remain in office until a mil
or the affairs of the comnanv
10 au AMY Any vacancy among their number shall
Stockholders
alled for that purpose. after similar notina
% nere,naDove provided for.
article Vino stockholder shall ovor
y neld liable for the faults or contracts ~
I iIu corporation In any further sum than
ne unpaid balance due to the cornora tion on |
ne snares owned by him. nor shall anv r,ara
n.Iormallty In organization have the atfect
4 rendering the charter null or of exnosins
ny S!ockholder TO any liability bevond ths
nPdIu balance due on his stock. '"e
mus done and passed, ar nv of,oo T.. L
ne nd city OF New Orleans the day. month
. year hrst above written, In the nrasenca
Sessleurs Charles ]. Rivet and Theodore
!; ooniat, competent witnesses residing in
nis CITY; who have hereunto signed thai
alnes Win appearers and me. notary aftar
ue reading Of the whole '' oi'eI
original signed: Nugent B. yairin 40
Iiares A ID. Riffel. so shares: GINS RaId
bao l snare are Witnesses: Chas. ]. Riyet
NJ. C. SONIAT. NOT puh
, recorded in the mortgage Once bont up "
hhiISS lolo =. New Orleans, La. Ane 81
EMILE ]. LEONARD DIV Rso
d. the undersigned notary, do hereby car
~ mat the above and foregoing is t,o
IA 9, correct copy Of the original act OF recs
IN taith whereof, have hereunto so+
ana and affixed the impress OF nv or,n my
al tnls 18th day Of August, 1914
NJ. C. SONIAT Not d.,
1g 2S sent -. a -'ot. run.