The herald., 1916-08-31
CHARTER
OF THE LEVY MATTRESS COMPANY.
INC

iohtn OF July, IN the year OF our Lord on,
thousand nine hundred and sixteen, and o
the independence of the United States a
America the one hundred and fortieth befor,
| me, Arthur A Moreno, a nu,ary public in ana
| Tor the parish OF Orleans, State of Louisi
ana, duly commissioned and qualified anr
IN the presence of the witnesses hereinafte,
named and undersigned, personally GANG anC
! appeared the following persons whose name.
are hereunto subscribed, together with the
! amounts OF their respective subscriptions Il
! The capital stock OF the corporation TO be
| formed, who severally declare that. availinQ
| themselves OF the provisions of the general
law, laws OF me State OF Louisiana relative tc
the organization of corporations, they have
! coVenanted and agreed, and do BY these pres.
| enls covenant and agree, and bind and obi.
gaze themselves, as well such other per-
! sons as may be hereafter become associated
| with them 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-
/ 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
! 10 nave and ENJOY succession for the full
term OF ninety-nine years from 1.-THE date
hereot; to contract, sue and he sued: to make
and use a corporate seal; to purchase and
receive, lease, hold sell and convey, as well
as mortgage and hypothecate, property, real,
personal and mixed; to name and appoint
such othcers and agents the interest of
SAID corporation may require; and to make
ana establish such bylaws and regulations
tor the proper management and regulation of
II: affairs 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 a general manufac-
turing business to make, sell and market mat
;resses, 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-
vcnient 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 col
p.raton 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 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
at all general elections.
Article V.-No stockhoider shall ever be
liable or responsible for the indebtedness,
II. Z
shall any mere informality in the organiza.
tion OF the corporation have any effect of
rendering the charter null or Of exposing
the stoc kholders to any liability beyond the
unpaid balance, If any, on his stock SUBJ
scription.
Should any stakeholder 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
having been given. in writing, fail or refuse
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 to
own, hold, receive, loan, lease, purchase sell
and convey or mortgage any and all OF its
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
may require.
Article VII-The business of said corpo-
ration shall be directed by and vested in
board of directors of three stockholders and
two of whom shall constitute a quorum for
the transaction of business, and the said
directors as first constituted shall be Samuel
Levy, Jacob c. Lazard. and Benz amin s.
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 speci-
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 to each stockholder. The annual cleo
ton shall be held on the second Monday in
January, 1917, and thereafter on the second
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
Levy shall be the first president, ]. C. Lazard
shall be the first vice-president, and b. 5. !
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 its principal |
officers for the term Of their election and only |
shall be eligible for election as
4 member of the board of directors.
Article VIII.-Whenever this corporation |
IS dissolved, either by limitation, or for any
other cause, its 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 |
,r in a mass, and to convey fun and complete |
title thereto, and shall have full power to
10 and perform all acts necessary and proper !
10 fully and completely nquidate the affairs !
and distribute the proceeds, if any, among |
he stockholders of the said corporation TO the |
amount of stock held by each.
Article IX-This act of Incorporation may
Dc amended, altered or modified, or this cor |
1oration dissolved by vote OF three-fourths |
IF the shares of the total amount Of stock |
It meeting convened for that purpose after |
EN- days notice in writing mailed TO the ad- |
iress of each stockholder.
Thus done and passed, in my notarial Of |
ice, in the city of New Orleans, State of |
louisiana, on the day, month and year first !
lbove written, in the presence of Azelie Ben
nett and Louise Wingerter, competent wit |
iesses, who have hereunto signed these pres
.nts, together with the parties hereto and |
ne, notary, after a reading of the whole.
Names of subscribers omitted.