The herald., 1913-10-02
CHARTER
OF IVORY GARTER COMPANY.

/ United States 81 America State OF LOuisi
ana, city Of New Orleans.
/ BE II known. that on this twenty seventh
| l2Ithl day Of the month OF August, in tn,
year OF our Lord, one thousand nine hun
I drei and thirteen l9l3p. and OF the inde
| pendence Of the United States Of America
| the one hundred and thirtF-eighth. before
| me, MelOnCy charles SOniat q notary pub
/ lie, duly commissioned and qualified in and
! 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 Il. Nairin
Alfonso A. Rife, Gustaye b. Baldwin. al
| residents OF the city of New Orleans, sts a
| " Louisiana, and Of the full age Of ma
! jOrity, who declared that avsiling themSelve-
Of the laws Of this state, relative to the or
| carnations Of corporations, in such eases
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
| Jerts and purposes. and under the stipul2
| tons herein set forth, which they adopt as
| their charter to-wit.
! Article 1.-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-nine
| years from this date. and shall have, for
] the purposes OF the business 10 De carried
/ on by II, all the powers conferred by Law
upon corporations. Including the power 70
contract debts, borrow money, issue notes
and other obligations and TO purchase, leas.
sen. mortgage, pltO-t, exchange and Olner-
wise acquire ALLEVIATE or dispose Of prop
I erty, real. personal or mixed. In the prosecu-
| ton or It's business 10 contract, sue and De
sued; 10 make and use, II II so desires, q
corporate seal, and the same TO break or
! alter at pleasure; TO make bylaws for IL.
government. and 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 10 exercise ali the powers neces-
| Sary or convenient 10 carry on said business.
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 cas-.
/ OF the absence or disability Of both Of said
| officers, then on the secretary-treasurer.
Article lll-The objects and purposes for
which this corporation is organized. and
! the nature OF the business TO lie carried On
| by it, are hereby declared TO De to manufac
/ ture, purchase, or otherwise acquire des
/ In and SELL novelty articles, and more par
! ticularly clasps, carriers, belts and suspend
ers Of every kind and character whatsoever
| also all parts. devices and instruments. ap-
| planes, machinery and things necessa ~
| IN the manufacture OF said novelty articles
| clasps, carriers. belts and suspenders: and
| patent rights and trade marks in the in.
| terest and behalf OF said business, and 10
| do any and ali other things incidental to or
| connected with said business
Article IE.-The capital stock OF this cor.
pOration is hereby fixed at twenty thousand
| dollars 2O,OO0.O0l. paid In cash divided
| into and represented by two hundred l2OOI
shares OF the par value OF one hundred dol
lars $1,000 per share.
Article N.-All powers OF this corpora tion
shall be vested in board OF directors con
| >istlng OF not less than three stockholders
who shall be elected annually at a meeting
OF the stockholders, 10 be held on the first
Monday in January OF each and every year
except the board OF directors hereins n az
" M Ehan hN1 - ., -.
hrst Monday in January, 1915, or until
their successors are elected and qualified
All elections shall be held by ballot al the
ONCE OF the company, under the supervi-
SION or TWO commissioners, 10 be appointed
by the board.
Notice Of stockholders meetings or cleo
lions shall be given by the secretary-tress-
urer, In writing, delivered TO each stock
holder in person, or mailed to his last known
address, at least ten days prior TO such
stockh0lders meetings or elections. or by
one publication In newspaper Of this city
at least ten days prior to such elections or
meetings Of stockholders
Every stakeholder shall be entitled TO on.
vote for each share Of stock standing in
his 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 majority 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
porat ion, 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. vairin, president: Alfonso A.
Rifel, vice-president Gustave b. Baldwin
secretary treasurer; said board Of directors
shall hold office until the first Monday in
January, 1918, or until their successors are
ebaII d ana gaaiined and any two OF whom
shaIi constitute a quorum.
All vacancies in the board, or among the
oncers, shall be filled by the remaining direc-
tors, and any member OF the board NAV ap-
tend any meeting in his place and stead.
Inc board shall be vested with full pow
er and authority to make all contracts pur-
chases sales, and perform all other acts nee.
ness " JUST
The signature Of the president or yic.
president shall be binding upon the com
pany when attached TO checks or notes Of
Article VI.-This corporation nav 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 10 be appointed from amongst
tn stockhoIders at general meeting called
for that purpose, OF which meeting motto.
snail De given as hereinabove provided for,
and a majority of the capital stock present
az such meeting shall elect Said commits
Sloners shall remain In office until a full
nq9ldation OF the affairs OF the company.
dmODg their number shall
De niled at meeting of the Stockholders
called for that purpose, after similar notice
as hereinabove provided for.
Article Vino stockholder shall ev.r
De neld liable for the faults or contracts az
ssld corporation in any further sum than
ne unpaid balance due to the corpora tion ON
me shares owned by him. nor shall anv mer.
IhIormallty In organization have the eject
OF rendering the charter null or Of exposino
any stockholder TO any liability beyond The
unpaid balance due on his stock
Ihus done and passed at nv Office 4,
the city of New Orleans, the dav month
ana year first above written, In the presenc.
or Messieurs Charles ]. Rivet and Tbeodore
T.. Sonlat, competent witnesses residing :.
Inls city, who have hereunto signed Thar
names with sppearers and me- notary aft.r
que reading OF the whole
original signed: Nugent B. yairin 40
shares; A. ID. Rifel, so shares GINS RIA
WIN WIN. i share Witnesses Chas. ]. Riyet
NJ. c. sONIAT Not. Ppb
Recorded In tn. mortgage o6uce boot up "
idI9' folio =. New Orleans, La. Ane 81
EMILE ]. LEONARD. DIV. Rec
.,.I me undersigned notary, do hereby Ger.
NY that the above and foregoing Is a trn.
ana correct copy Of the original act OF rec.
In faith whereof, have hereunto SET NV
nand and affixed the impress OF nv ON ciaI
seal, this 9th day Of August. 1919
NJ. c. SONIAT. Not puh
aug % sept IL IS 25 oct 2 u0'