The herald., 1916-08-24
CHAR TER
OF TIE LEVY MATTRESS COMPANY
INC

BE it known, that on this 9th day OF the
month OF July, n the year of our Lord, one
thousand nine hundred and sixteen, and OF
the independence OF the United States OF
America, the one hundred and forticth, before
me, Arthur A. Moreno, a notary public in and
for the parish NJ Orleans, State OF Louis-
ana, duly commissioned and qualified, and
IN the presence OF the witnesses hereinafter
named and undersigned, personally came and
appeared the following persons whose names
are hcrcuntp subscribed, together with the
amounts OF their respective subscriptions to
the capital stock Of the corporation to be
formed who scve-ally declare that. avsiling
themselves OF the provisions OF the general
laws Of the State OF Louisiana relative 10
the organization Of corporations, they have
covenan;ed and agreed, and do by these pres
ents covenant and agree, and bind and obli
gate themselves, as well as such other per-
sons as may be hereafter become associated
with them or their successors, 10 form and
constitute themselves into a corporation and
body polite in law. and for the objects and
purposes and under agreements and stipula
hons following, tO-wit:
Article 1.-The name and title Of this cor
poration shall be the Levy Mattress Com
pany, incorporated, and by that name said
corporation shall have power and authority
to have and enjoy succession for the full
term of ninety years from the date
hereof: 20 contract, sue and be sued; TO make
and use 4 corporate seal; to purchase and
receive, lease, hold, sell and convey, as we'll
as mortgage and hypothecate, property, real,
personal and mixed; to name and appoint
such officers and agents as the interest OF
said corporation may require; and TO make
and establish such bylaws and regulations
for the proper management and regulation of
ITS affairs as may be deemed necessary and
the same to change and alter at pleasure.
Article 1.-THE domicile of said corpora
ton shall be in the city of New Orleans
State Of Louisiana. and all citations and
other legal process shall be served upon the
president of said corporation, and, in case OF
mis- absence, upon the vice pre- sident, and, in
case of the absence Of both Of these officers,
upon the secretary thereof.
Article III.-The objects and purposes for
which this corporation is established, and
the nature of the business to be carried on
by it are declared to be general manufac-
turing business 20 make, sell and market mat
tresses, pillows and accessories relating to-,
or connected with the manufacture and sale
of mattresses and pillows, and TO those ends
10 purchase, use, lease, mortgage or other
wise acquire movable or immovable property,
and generally to do all acts and TO enter into
all contracts that may be necessary, con-
venient or appropriate in the accomplish
ment of the aforesaid purposes of making.
manufacturing and selling mattresses, and
accessories relating thereto or connected there
with, and to do such other kindred acts, or
engage in such businesses as are necessary
requisite, usually operated in connection
with the making. manufacturing and selling
Of mattresses, pillows and the accessories
connected Herewith, or relating thereto.
Article IV.--The capital stock of this cor
poration shall be $1,000. divided into one
hundred twenty shares of the par value Of
$4,000 each. payable when issued. in cash,
or other property, and may be increased to
the sum of $4,000. divided into two hundred
fifty shares of the par value OF $1,000 per
share, and this corporation is 10 be going
concern when one.haf of the capital stock
has been subscribed and paid for. Each
share of stock shall be entitled to one vote
at all general elections.
Article V-No stakeholder shall ever be
liable or responsible for the Indebtedness
faults, or defaults of this corporation nor
shall any mere informality in the organiza-
ton of the corporation have any effect of
rendering the charter null or of exposing
the stockholders to any liability beyond the
unpaid balance, If any, on his stock SUBJ
scription..
Should any stockholder desire to sell his
stock he shall first offer the same to the
stockholders Of the company through its board
Of directors, and the stockholders who desire
to purchase shall have the right to purchase
the same, in the proportion TO their holdings
of stock in the company. Should said stock
holders in seventy.two hours after notice
to purchase the stock offered for sale, such
stock may be sold to anyone.
No transfer of stock shall be made or held
TO be valid and binding unless made on the
books of the company, and unless made IN
pursuance of the provisions Of this charter
Article Wins corporation snail nave all
powers granted to such corporations by law,
and shall have the power to contract, sue
and be sued in its corporate name, and to
own, hold, receive. loan, lease, purchase sell
and convey or mortgage any and all OF us
effects or to hypothecate its property. and
to do any and all acts and things of any
other kind, nature or description, as may be
necessary TO carry out the objects and pur,
poses Of said business as its interests and
conveniences may require.
IL of
ration shall be directed by and vested IN
board of directors of three stockholders and
two of whom shall constitute quorum tor
the transaction of business, and the sald
directors as first constituted shall be Samuel
Levy. Jacob {. Lazard, and Benjamin ).
Lazard, and they shall hold Office until the
second Monday in January, 1917, and on that
day and from each and every day thereafter
tors at the principal Office of the corporation.
Failure to hold an election on the day speei-
fed shall not dissolve me corporation, but
the directors IN office shall hold their respect
i've Offices until an election shall be held after
ten DAYS notice Of the time and place thereof
given 10 each stakeholder. The annual elee-
ton shall be held on the second Monday IN
January. 1917, and thereafter on the second
Monday of each succeeding year, and the
election shall be held between the hours OF
ten a. m and four p. m. All vacancies on
the board OF directors for whatever cause shall
be filled by the remaining directors; Samuel
shall be the first vicepresident, and B. s.
Lazard shall be the first secretary treasurer,
and -they shall hold ofiee until the second
Monday of January, 1917, and each succeed.
ing board of directors shall elect its principal
officers for the term Of their election, and only
stockholders shall be eligible for election as
a member Of the board Of directors.
Article VIII-Whenever this corporation
is dissolved. either by limitation, or for any
other cause, it's affairs shall be liquidated
by the board Of directors, who are hereby
vested with full power to sell any and all
assets of the corporation, either separately
or in a mass, and to convey full and complete
title thereto, and shall have full power to
do and perform all acts necessary and proper
70 fully and completely uqudate the affairs
ard distribute the proceeds, II any, among
the Stockholders Of the said corporation to the
amount Of stock held by each.
Article IN-This act Of Incorporation may
" amended. altered or mod red. or this cor.
poraiion dissolved ~ vote 81 three four,hs
Il the shares Of the total amount of stock
Al usetins convened Cor that purpose after
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