The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-07
CHAR
of TIE LEVY MATTRESS COMPANY,

Z, G IL SHOWN that on this 9th day OF q
I'd thousand nine hundred and sixteen. and
IS me Independence OF the United States
'e NheIica' the one hundred and fortieth, befo
/ ~ n; a; Moreno, notary public in ar
IS ior inc parish OF Orleans, State of Louis
J. ana, duly commissioned and qualifed. ar
, ! III INC presence OF the witnesses hereinaff,
:, named and undersigned, personally GANG ar
e | dIPc%ied me following persons whose nam,
II are hereuntO subscribed, together with n
r | amounts OF their respective subscriptions /
| thc capital stock Of the corporation 10 r
}. nIrined; who seyerally declare that, availin
!; themselves OF the provisions Of the gener;
/ .L"s Of the State Of Louisiana relative ,
the organization OF corporations they bav
COEehanted and agreed and do by these pre-,
ems covenant and agree, and bind and obli
gate themselves, as well as such otbrr ner
sons as may be hereafter become associate
WI theh or thelr successors, TO form an
IN Sl'tuIe themselves INTO corporation an
D"dy polite IN law. and for the objects an
purposes and under agreements and StipuIa
] hons following, to-wit:
Article The name and title of this cor
poration shall be the Levy Mattress Com
pHny, incorporated, and by that name salt
corporation shall have power and authorit,
10 have and enjoy succession for the ful
Term OF ninety years from the DAT,
hereoi; to contract. sue and be sued; to max,
and use corporate seal; TO purchase an,
receive, lease, hold. sell and convey, as wei
as mortgage and hypothecate property. real
J personal and mixed; to name and apnoin,
such ofhcerS and agents the interest Of
, said corporation may require; and TO MAKE
| and establish such bylaws and repulat;ons
ior the proper management and regulation OF
~, affairs as may be deemed necessary and
the same to change and alter at pleasure
Article 1.-THE domicile of said corpora.
| Ion snail 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 yice.president. and in
/ absence al hpfh Of .haz
| upon the secretary thereof.
Article lll-The objects and purposes for
| which TINS corporation is established, and
| me nature of the business to be carried on
ny II 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
| to purchase, use, lease, mortgage or other
wise acquire movable or immova1le property
and generally to do all acts and TO enter into
all contracts that may be necessary, con-
venient or appropriate in the accomDlish
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, 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 COT
hundred twenty shares of the par value OF
SlOuO0 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 70 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-
tion 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.
stock he shall first offer the same 10 the |
of the company through its board |
of directors, and the stockholders who desire |
to purchase shall have the right to purchase
Of stock in the company. Should said stock
holders IN seventy-two hours after notice |
having been given, in writing, fail or refuse !
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,
anu SndIl nave lne power 10 contract, sue
and be sued in its corporate name, and TO
'wn, hold, receive, loan, lease, purchase sell
md convey or mortgage any and all of its
fleets or to hyP0thecate its property: ana
o do any and all acts and hings of any
'ther kind, nature or description, as may be
necessary TO carry out the objects and pur-
'oses of said business as its interests and
onveniences may require.
Article VII-The business of said corpo-
alton shall be directed by and vested in
'oard of directors of three stockholders and
wo of whom shall constitute a quorum for
ne transaction of business, and the said
.evy, Jacob c. Lazard, and Benjamin s.
.azard, and they shall hold Office until the
econd Monday in January, 1917, and on that !
ay and from each and every day thereafter .
DTS at the principal Office of the corporation.
allure to hold an election on the day speci- ;
ed shall not dissolve me corporation, but !
lie directors in Office shall hold their respect
re Offices until an election shall be held after
n days notice of the time and place thereof
iven to each stockholder. The annual cleo :
on shall be held on the second Monday in
lnuary, 1917, and thereafter on the second
Ionday of each succeeding year, and the
ection shall be held between the hours OF r
n a. m. and four p. m. All vacancies on =
lie board OF directors for whatever cause shall \
. filled by the remaining directors; Samuel
lall be the first vice-president, and B. S.
azard shall be the first secretary-treasurer, p
Id they shall hold Office until the second {
onday of January, 1917. and each succeed. :
z board of directors shall elect its principal L
hcers for the term of their election, and only $
ockholders shall be eligible for election as
member of the board Of directors.
Article VIII-Whenever this corporation
dissolved, either by limitation or for any
her cause, its affairs shall be liquidated Z
the board Of directors, who are hereby h
sted with full power to sell any and ali =
sets of the corporation, either separately Z
in a mass, and TO convey full and complete 6
lie thereto, and shall have full power to
and perform all acts necessary and proper -
fully and completely nquidate the affairs
d distribute the proceeds, il any, among
: stockholders of the said corporation to the
Iount of stock held by each.
Article IX.-This act of incorporation NAV
amended, altered or modified, or this cor U
ration dissolved by a vote of three-fourths
the shares of the total amount of stock
meeting convened for that purpose after
days notice in writing mailed to the ad. m
SIS of each stockhclder. OF
'hus done and passed. in my notarial Of ~ ~
:, in the city Of New Orleans, State of =,
uisiana, on the day, month and year FIRST =,
i've written, in the presence of Azelie Ben a.
{ and Louise Wingerter, competent wit =.
'ses, who have hereunto signed these pres (.
s, together with the parties hereto and -
notary, after a reading of the whole. III