The herald., 1916-03-16
AMENDMENT TO CHARTER

State Of Louisiana, Parish OF Orleans.
lie i; known, that on this 18th day of Feb
ruary, IN the year of our Lord one thousanf
nine hundred sixteen. and of the indrpend
ence OF the United States Of America m,
one hundred and fortieth before me. Cuth.
bert =. Baldwin, a notary public. duly com.
miSsIoned and qualified, in and for this par.
| ish and state, therein residing, and in the
presence OF the witnesses hereinafter named
| and undersigned:
| Personally came and appeared Nugent
/ NairIn, of the full age of majority and res.
| dcnt Of this city, and president of the Ivory
| Garter Co, and GuStave r. Baldwin also
| OF the full age and a resident of this CITY,
| and secretary treasurer Of said Ivory Garter
| Co. which said parties appear herein under
and by virtue of the authority in them vested
by resolution adopted by the stockholders
o. the sad Ivory Garter Company held at
the otIoe Of the said company in the city of
New Orleans on the 18th dav Of February.
1916, At o'clock p. m. which resolutions
adopted ard provided for the amendment
OF the charter Of the said company by pro.
yidIng Tor the creating of reserve fund
the paying Of dividends upon the common
stock. and 'he retiring Of the preferred stock.
and authorized and instructed the said pres
ident and Secretary-'reaSurcr to appear be-
fore a notary public TO put said changes and
amendments Of record in authentic form and
I copy Of the minutes Of said meeting and
copy Of the said resolutions duly certified
by the sccretary-trcasurer is hereto ANNEXED
and made part hereof And the said ap-
bearers in their respective capacities declare
that IN conformity with the said resolutions
and m the furtheranCe OF their instructions
Article " OF the charter Of the Ivory Gar.
ter Company, executed before VI &. So-;at !
notary public, on the 2rth iav Of August !
i'l'' and duly recorded in the mortgage Of
ice Of the parish Of Orleans in book llIq. |
folio J. and with the Secretary Of State on |
October 6. 1913, in Record Of Charters" No. |
81 10 toi' -, and Of the amended charters
Cu,hbert s. Baldwin. notary public. on the !
End day Of February. 1915. and on the I'm
dav Of February, 1916, respectively and both
duly recorded IN the mortgage Office of the
parish Of Orleans in book ll95, folios 40 and
~. respectively, be and the same are hereby
altered and amended 10 read as follows, to-
wit. ~
Article IV.-The capital stock Of this cor.
pgra;iq1 IS hereby fixed at one hundred
tf'v thousand dollars CSlS0O0O). Of which one
hundred thousand dollars (Sln0c0N shall be
e 6, On o, $50, X and fifty thousand dollars
stock, which said one hundred thousand d. /
lars $1,000" Of common stock shall be- paid |
Tor as follows, to-wit: by the su--erdr- Of /
the present capital stock OF twenty Thousand I
dollars $4,000, and bv eighty thousand do /
lars fSS1oGCJ now on depogr. VIII the com
pany: and which said seven per cent pre-
icrrcd stock shall b paid f1- A. once: .-l ]
otl c2p .,5d stock shall consist Of 100
ier-rd stock
This corporation shall be 4 going concern
At,I may ''NlINIt operations and business /
when and as soon as one hundred ,h7rsa-f
dollars Sl0ooo Of the common stock shall /
have been paid for and issued, as above So.
'orrh.
The seven per cen: preferred stock shall b.
entitled % receive a quarterly divii,4i Of
me and i 40 per cent, PAYABLE our II
he net profits Of the company upon The hrs.
egal day IN April july. October and Ta~u-
lry % each year. PRIOR 10 the holders Il the
'J~T0r stock receiving any dividend upon
heir common stock holdings. This seven \
ler cent ~ dividend, payable quar,e-'v. an
he seven per cent preferred stock shall b"
cumulative.
Dividends for 1915 upon the seven PEI cent
preferred stock shall accrue from the date
aid stock is issued By the company
When the ret p-0ats N anv one year e-l.
NJ 5lst Of December. derived from the man
fracture and sale Of the products Of ,he come
ANY in that year, computed after the De-
luction from the earnings Of the seven per
'ent dividend the cumulative preferred
stock and all other charges whatsocve- i0-
,ludi1P advertising, but not including div
lends on common stock, shall amount 20 the
sums below set forth, the seven per cent pre-