The herald., 1916-08-17
CHAR TER
OF TIE LEVY MATTRESS COMPANY
ING

/ thousand nine hundred and sixteen AMI Of
the independence OF the United States Of
me, Arthur \. Moreno, av,ary public IN and
fur the PARISH Of Orleans, State OF Isuisl-
ana, dGly commissioned and qualified, and
~ the presence IF the witnesses hereinafter
named and uder5Igncl, personally came and
appeared the following persons whose names
are hcreuu,J subscribed together with the
the capital stock Of the corporation 10 be
| formed, who scverally declare that, lvailing
! themselves OF the provisions Of the general
laws Of the State of Louisiana relative to
I the organization Of corporations, they have
Crveranted and agreed. and do by these pres.
en's covenant and agree, and bind and obli-
gate themselves, as well as such other per-
sons A. may be hereafter become associated
! With them or their successors, 70 form and
| constitute themselves into a corporation and
body polite in law, and Tor the objects and
purposes and under agreements and stipula-
mons 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-nine years from the date
! hereof: 10 contract, sue and be sued; to make
and use a corporate seal; TO purchase and
receive, lease. hold. sell and convey, as well
| as mortgage and hypothecatc, property, real.
J personal and mixed; 10 name and appoint
Sucn officers and agents as the interest OF
SAID corporation may require; and to make
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
his absence, upon the vice president, 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 TO 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
wise acquire movable or immOvable property,
and generally to do all acts and 20 enter into
all contracts that may be necessary, con-
venient or appropriate in the accomplish
manufacturing and selling mattresses, and
accessories relating thereto connected there
with, and to do such other kindred acts, or
engage in such businesses as are necessary
requisite, or 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 to be a going
concern when one-half Of the. capital stock
has been subscribed and paid for Each
share of stock shall be entitled to one vote
az all general elections
Article V.-No stakeholder shall ever be
liable or responsible for the Indebtedness,
! faults, defaults OF this corporation nor
shall any mere informalty 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, II any, on his stock sub
ScriptiOn.
Should any stakeholder desire 10 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 10 their holdings
of stock in the company. Should said stock
holders in seventg.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 VI-This corporation shall have all
powers granted TO such corporations by law,
and shall have the power to contract, sue
| and be sued in its corporate name, and "a
own. hold, receive, loan, lease, purchase sell
| 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 ont the objects and pur,
noses Of said business as its interests and
conveniences may require
Article VII-The business Of said c0rpo-
ration shall be directed by and vested IN
board of directors Of three stockholders and
two Of whom shall constitute quorum foI
, the transaction Of business, and the sand
directors as first constituted shall be Samuel
: Levy, Jacob {. Lazard and Benjamin ;
| Iazlrd and they shall hold office until the
, second Monday in January, 1917, and on that
, day and from each and every day thereafter
elections shall be held annually for direc-
tors at the principal office OF the corporation
| Failure 20 hold an election on the day specI-
fed shall not dissolve corporation, but
| the directors in office shall hold their respect
i've Offices until an election shall be held after
ten davs notice of the time and place thereon
! Given 10 each stakeholder. The annual cleo
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. ard four p. m. All vacancies on
| the board Of directors for whatever cause snail
be filled by the remaining directors; Samuel
Levy shall be the FIRST president, }. {. LazaEd
J | shall be the first vice-president, and Is. ,
Lazard shall be the first secretary.treasurer
and they shall hold office until the second
Monday of January, 1917. and each succeed,
ing board of directors shall elect It's princlPa
|
| stockholders shall be eligible for election as
member of the board of directors.
Article VIII.-Whenever this corporation
is dissolved either by limitation, Of. for, any
other cause its affairs shall be liquidatec
by the board OF directors, who are hereby
vested with full power to sell any and al
assets of the corporation, either separately
. or in a mass, and to convey full and complete
; ,itle thereto and shall have full power Il
do and perform all acts necessary and proPei
, TO fully and completely rquidate the attair'
and distribute the proceeds, If any. amont
the stockholders Of the said corporation to th'
! amount OF stock held by each.
. Article IX-This &C; Of Incorporation MAJ
be amended, altered or modified, or this cor
poration dissolved by a vote of three-tourth
of the shares Of the total amount OF stool
az a meeting convened for that purpose ate
ten DAYS notice in writing mailed to the ad
dress of each stakeholder.
: Thus done and passed. in my notarial OF
fee. in the city OF New Orleans, State o
Louisiana, on the day, month and year mrs
] above written, in the presence Of Azelie Ben
nett and Louise Wingerter. competent Wi
nesses who have hereunto signed these pres
ents, together with the parties hereto an
me, notary, after reading OF the whole.
Names Of subscribers omitted.