The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-25
CHARTER
OF IVORY GARTER COMPANY.

OF IVORY GARTER tOMPAN1.
United States OF America. State Of LouiSi- |
ana. City of New Orleans.
BE it known that on this twenty-SeV-nth |
C2TthD day OF the month OF August, in the
wear OF our Lord, one thousand nine hun. |
drei and thirteen Igl3), and OF the indie
pendence Of the United States Of America !
the one hundred and thirty eighth, before
me, MelOnCy Charles SOniat notary pub
lic duly commissioned and qualified In and
for the parish Of Orleans, state OF LOulsl-
ana, and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared Nugent Il. Nairin.
Alfonso A. Rifre GuStave Il. Baldwin, all
residents OF the city of New Orleans, state
Of Louisiana, and Of the full age Of ma
jorlty, who declared that availing themselves
Of the laws Of this state, relative TO the or
ganZat iOns of corporations, In such cases
made and provided, they have formed, and do
by these presents form themselves into and
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 rs
their charter tO-wit:
Article 1.-The name and title or this
corporation shall be the Ivory Garter Com
pany.' and It 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 TO
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 TO contract, sue and be
sued: to make and use, II it so desires,
corporate seal, and the same TO break or
alter at pleasure; TO make bylaws for its
government, ana the same to alter, amend
or repeal at pleasure; 10 name and employ
| such managers, directors, officers, agents and
| employees As its interests may require, and
generally TO exercise all the powers neces-
s.V -.asl 1a= fa.s
| Article 1.-THE domicile OF this cOrpor-
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 III.-The objects and purposes for
which this corporation Is organized, and
the nature of the business TO be carried on
by II, are hereby declared 10 be to manufac-
ture, purchase or otherwise acquire, deal
In and sell, novelty articles, and more par
ticularly clasps, garters. belts and suspend
ers Of 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 t.
do any and all other things incidental TO oil
connected with said business.
| Article IN.-lne capital STOCK OF lDls COT
poration is hereby fixed at twenty Thousand
E dollars $3.50, 0OOO0D, paid in cash, divided
: into and represented by two hundred GOO
D shares Of the par value Of one hundred dol
D lars (S100.O0D per share.
D Article V.-All powers Of this corporation
shall be vested in a board of directors con
E slsting OF not less than three stockholders
$ who shall be elected annually at a meetin.
OF the stockholders, TO be held on the frs
Monday In January Of each and every year
except the board Of directors hereinafte
: provided for, who shall hold ONCE until tn
e first Monday in January, 1915, or unit
r their successors are elected and qualified.
g All elections shall be held by ballot at tn
I Office of the company, under the supervi
! sion OF two commissioners, TO be appointed
: by the board.
t Notice Of stockholders meetings or cleo
5 lions shall be given by the secretary-treas
! urer. in writing, delivered to each stock
d holder in person, or mailed to his last know
s address, at least ten days prior 10 sucl
e stockholders meetings or elections. or b.
: one publication in a newspaper Of this city
$ at least ten days prior TO such elections o
meetings of stockholders.
D Every stakeholder shall be entitled TO on
vote for each share OF stock standing Il
d his name on the books of the company at tn
= date Of said stockholders meeting or cleo
J. tion, said vote TO be cast in person, or b.
e written proxy. and a majority OF votes cas-
o shall elect, or prevail, provided majorit
y Of shares Of stock issued shall have bee
e present or represented.
T Failure to elect directors at any annua
y meeting shall not dissolve or affect the col
d poration, but the directors In office shal
e continue as such until their successors ar
elected and qualified. The first board o
e directors, under this charter, shall consis
= Rirel, vice-president; Gustave B. Baldwin
b secretary-treasurer; said board of director
e Eshall hold office until the first Monday !
s January, 1915, or until their successors ar
elected and qualified, and any two of whol
e shall constitute a quorum.
], All vacancies in the board or among II
IS officers, shall be filled by the remaining dire
d tors and any member Of the board may al
If point any other stakeholder his proxy TO a
re tend any meeting in his place and stead
Y, The board shall be vested with full pov
T. er and authority to make all contracts, pu
% chases, sales and perform all other acts ne
" essary for the proper conduct of the bus
1f ness.
E. The signature of the president or vic
DR. president shall be binding upon the cor
u pany when attached to checks or notes
r said company.
u Article vI.-This corporation may be di
ne solved either by limitation or a two-thir,
ut vote Of the capital stock, issued, and sa
Id liquidation shall be carried on by two COZ
ID missloners to be appointed from among
or the stockholders at general meeting call,
lg for that purpose, OF which meeting noti
Of shall be given as hereinabove provided fc
and a majority of the capital stock prese
IN at such meeting shall elect. Said comm
or sioners shall remain In office until fl
be liquidation Of the affairs of the compan
be and any vacancy among their number shs
at be filed at a meeting of the stockholde
ed called for that purpose, after similar mott
ce as hereinabove provided for.
o. Article Vino stakeholder shall ey
lie be held liable for the faults or contracts
in said corporation In any further sum TIL
nv the unpaid balance due to the corpora ton
Is the shares owned by him, nor shall any me
e. informality In organization have the efe
Dr. of rendering the charter null or Of exposi
d any stakeholder to any liability beyond [
or unpaid balance due on his stock
cy Thus done and passed, at my Office
ng the city of New Orleans the day. mon
and year first above written, In the presen
on of Messieurs Charles ]. Rivet and Theodc
i'd p. Soniat, competent witnesses residing
IS this city, who have hereunto signed tn,
OK names with appearers and me- notary. AFT
he due reading of the whole.
Sc, Original signed Nugent B. Vairin. L
ne shares; A. ID. Riffel, so shares; Gus Bs
ew win, / share. Witnesses: Chas. ]. Riy
ur Theo. p. Soniat
IT. NJ C. soNIAT. Not. Pub.
i'm Recorded In the mortgage Office book \
lg, 1119, folio =. New Orleans, La, Aug.
i'm 1913
EMILE J. LEONARD. Dy. Rec.
er- j, the undersigned notary, do hereby G
in tify that the above and foregoing is a II
of and correct copy Of the original act Of r
he ord in my Office.
In faith whereof, have hereunto set !
'er hand and affixed the impress of nv ono
Its seal; this 27th day Of August, 1913.
an N: c. SONLAT, Not. Pub
on aug 2s sept IL IS % oct
all