The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11
CHARTER
OF IVORY GARTER COMPANY.


ana. City of New Orleans.
BE it known. that on this twenty seventh
| (21thD day OF the month OF August, in IN,
year OF our Lord, one thousand nine hun
dred and thirteen (l9l3), and OF the indc
pendencc OF the United States of America
the one hundred and thirty eighth before
me, MelOncy Charles Soniat, a notary pub
lie, duly commissioned and qualified in anC
for the parish OF Orleans, state Of Louisi
ana, and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared: Nugent b. Nairin
Alfonso A. Rifel, GuStave Il. Baldwin, al
residents Of the city of New Orleans, state
of Louisiana, and Of the full age of ma
jority who declared that availing themselves
OF the laws Of this state, relative to the or
CARNATIONS of corporations, in such cases
made and provided, they have formed, and dc
by these presents form themselves into and
constitute themselves, their associates, sue
cessOrs and assigns a corporation for the OBJ
jectS and purposes, and under the stipula
tionS herein set forth, which they adopt as
their charter tO-wit:
Article THE name and title Of this
corporation shall be the Ivory Garter Com
pany,' and ii shall have and enjoy cor
porate succession for period of ninety-nine
years from this date and shall have, for
the purposes OF the business to be carried
on by ii, all the powers conferred by law
upon corporations, including the power 10
contract debts, borrow money, issue notes
and other obligations, and to purchase, lease
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 10 contract sue and be
sued; to make and use, If it so desires, a
corporate seal, aud the same TO break or
alter at pleasure; to make bylaws for its
government and the same to alter, amend
or repeal al 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
\ III nnmisiIa nf or
alton shall be in the city OF New Orleans.
state OF 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
officers. then on the secretary-treasurer.
Article llI.-The objects and purposes for
which this corporation is organized, and
the nature of the business TO be carried on
by 1t, are hereby declared TO be TO manufac-
ture, purchase, or otherwise acquire. deal
In and sell, novelty articles. and more par.
tcularly clasps, carriers, belts and suspend
ers or every kind and character whatsoever
also all parts, devices and instruments, ap
planes, machinery and things necessary
In the manufacture Of said novelty articles
clasps, carriers, belts and suspenders and
to acquire by lease, purchase or otherwise
patent rights and trade marks in the in
terest and behalf of said business. and &c
do any and all other things incidental to oil
connected with said business.
Article lN.-The capital stock Of this cor
pOratiOn is hereby fixed at twenty thousand
dollars S2O,OOO.OO), paid in cash, divided
into and represented by two hundred (200l
shares OF the par value of one hundred dol
lars (SlO0.00) per share.
Article V.-All powers OF this corpora ion
shall be vested in board Of directors, con
SistinS of not less than three stockholders
who shall be elected annually at a meeting
of the stockholders, TO be held on the first
Monday In January OF each and every year
except the board of directors hereina fter
OVi1p6 shall IA.
first Monday In January, 1915, or until
their successors are elected and qualified
All elections shall be held by ballot at the
office of the company, under the supervi.
sion or two commissioners, to be appointed
by the board.
Notice of stockholders meetings or cleo
tions shall be given by the secretary treas
urer, in writing, delivered TO each stock.
holder in person, or mailed to his last known
address, at least ten days prior TO such
stockholders meetings or elections. or by
one publication in a newspaper of this city
at least ten days prior to such elections or
meetings of stockholders.
Every stakeholder shall be entitled to one
vote for each share Of stock standing in
ms name on the books OF the company at the
date Of said stockholders meeting or cleo
ton, said vote TO be cast in person, or by
written proxy, and a ma jOrity of votes cast
shall elect, or prevail, provided a majority
OF shares OF stock issued shall have been
present or represented
Failure to elect directors at any annual
meeting shall not dissolve or affect the cor.
poration, but the directors in office shall
continue as such until their successors are
elected and qualified. The first board of
directors, under this charter, shall consist
Of Nugent b. yairin, president; Alfonso A.
Rlfel, vice-president; Gustave B. Baldwin
secretary-treas said board of directors
Eshall hold Office until the first Monday in
January, 1915, or until their successors are
elected and qualified. and any two of whom
shall constitute quorum.
\ N ha I'd
officers, shall be filled By the remaining direc.
tors, and any member of the board NAV an
point any other stakeholder his proxy TO at
tend any meeting in his place and stead
Inc board shall be vested with full pow
or and authority TO make all contracts, pur-
chases, sales, and perform all other acts nee.
essary Tor the proper conduct of the bust
ness
The signature Of the president or VIC.
president shall be binding upon the com
pany when attached to checks or notes OF
said company.
Article VI.-This corporation may be dis
solved either by limitation or a two-thirds
vote of the capital stock. issued and said
liquidation shall be carried on by two com
missioners to be appointed from amongst
for that purpose, of which meeting notice
shall be given as hereinaboye provided for
and majority of the capital stock present
az such meeting shall elect. Said commits
INCUBATION of the affairs of the company
ana any vacancy among their number shsl
De nlled at a meeting OF the stakeholder,
called Tor that purpose. after similar motto,
as herelnabOve provided for
Article Vino stakeholder shall eve,
be held liable for the faults or contracts ot
said corporation In any further sum thar
the unpaid balance due to the CORPORATION or
me shares owned by him. nor shall any mer,
lnformality in organization have the effect
or rendering the charter null or of exposine
any stockholder to any liability beyond IN,
unpaid balance due on his stock
Thus done and passed, at nv Office ir
the city of New Orleans the iav monti
ana year first above written In the nresenc.
OF MesSleurs Charles ]. Rivet and Theodor,
+. Sonlat, competent witnesses residing In
thlS city. who have herennto signed theiI
names with appearers and me. notary afte,
due reading of the whole
original signed: Nugent B. yairin. 11e
shares; A. ID. Riffel, so shares; Gus Raid
WIN, L share; Witnesses Chas. J. Rivet
NJ. c. SONIAT. Not. Pub
Recorded in the mortgage office. book No
LIZ 1ollo -. New Orleans, La, Aug. 81
EMILE J. LEONARD. DIV. Rec
1, the undersigned notary, do hereby Ger
THY that the above and foregoing is a true
and correct copy Of the original act of rec
ord In my Office VI iee
In faith whereof, have hereunto SET nv
hand and affixed the impress of nv oflcial
seal, this 9th day OF August. 1913.
M. c. S0NIAT, Not. Pub
aug % sept IL IS % oct