The herald., 1916-03-23
AMENDMENT TO CHARTER
OF IVORY GARTER COMPANY.

State Of Louisiana. Parish Of Orleans.
| lie 1t known, that on this 18th day of Feb.
ruary,. in the year Of our Lord one thousand
nine hundred sixteen, and Of the independ.
ence Of the United States Of America the
| one hundred and fortieih. before me. Curh.
| bert ;. Baldwin, 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 undersigucd
Personally came and appeared Nugcnt Il
Warm. OF the full age Of majority and a res
ltcnt Of this city, and president Of the Ivory
Garter Co., and GuStave b. Baldwin. also
Of the full age and resident Of this CITY,
and secretary treasurer OF SAID Ivory Garter
o.; winch sad parties appear herein under
and by virtue 0t the authority IN them vested
by a resolution adopted by the stockholders
Of the said Ivory Garter Company held AZ
ne office OF the said company in the city 4
New Orleans on the 18th dav Of February,
1910. - ] o'clock ?. m, which resolutions
ad1uted and provided for the amendment
Of the charter Of the said company by pro-
yiding for the creating OF a reserve fund.
the paving 81 dividends upon the common
stock. and the retiring Of the preferred stock,
and AUTHORIZED and instructed the said pres
ltcnt and northumberland 20 appear be.
fore a notary public 20 put said changes and
a copy OF the minutes 0f said meeting and
copy Of the said resolutions duly certified
hy the secretary treasurer Is hereto annexed
and made part hereof And the said ap-
that IN conformity with the said resolutions
and in the flrthcraucc Of their Instructions
Article " Of the charter f the Ivory Gar
ter Company, executed before. NJ z. Soniat,
1918, and duly recorded IN the mortgage Of
nCc Of the parish ~ Orleans in book II-9
folio !. and with the Secretary ~ State on
October 3, 1913, in Record Of Charters" y,
81, folio --, and 81 the amended charters
Of the Ivory Garter Company executed before
Cuthhert {. Baldwin, notary public, on the
2nd day Of February. 1910. and on The -rh
day Of February. 1910. respectively. and both
parish 81 Orleans In book '1H-. f1..ns Iio and
IL. respectively, be and the same are hereby
altered and amended TO read as follows, to-
Article 1V.-The capital stock Of this cor.
p0ra'i.u is hereby fixed ~ one bundled
fftv thousand dollars $4,000. 81 which one
hundred thousand dollars NirDGol shall be
common stock and fifty thousand dollars
5000 shall be seven per cent preferred
stock. which said one bundled thousand dol
lars GlH'nUI Of common stock shall be paid
the present capital stock of twenty thousand
dollars EHnD, and by eighty thousand dol
LAYS $4,000 now on deposit with the com
rany; and which said seven per cent pre-
which capital stock shall consist Of 100
shares Of 500 each Of common stock. and 80
shares Of 500 each Of seven per cent pre-
fer-ed stock.
ms corporation snail be going concern
and may continue operations and business
when ard as soon as one hundred thousand
dollars e0O.mOl Of the common stock shall
have been paid for and issued. as above set
forth
The seven per cent preferred stock shall be
entitled 70 receive quarterly div;deEd Of
one and y Gll per cent payable out Of
the net profits Of the company upon the first
legal day in April, July, October and !,nu.
airy Of each year, prior TO the holders Of the
common stock receiving any dividend upon
their common stock holdings. This seven
ser cent G) dividend. PAYABLE quarterly, on
the seven per cent preferred stock shall be
cumulative
Dividends Tor 1915 upon the seven Pc cent
preferred stock shall accrue from the date
said stock IS issued by The company
When the ret profits in any one year end
ing 31st Of December, derived from re man
ufac,ure and sale Of the products oi the com
pany in TIA. year, computed af'e- "a" de-
duction from the earnings Of Tire seven per
cent dividend on the cumulative preferred
stock. and all other charges wha's1eve-, f7.
Guiding advertising, but not including div
bends on common stock. shall amount 20 the
sums below set forth, the seven per cent pre-