The herald., 1922-04-27

PANY, INC.
United States of America, State Of
Louisiana, Parish of Orleans, City of
New Orleans. BE it known that on this
seventeenth day OF March. in the year
of our Lord, one thousand nine hundred
and twenty-five. before me. CLARENCE
DE LUCAS. n Notary Public, in and for
the Parish of Orleans, State of Louisiana,
duly commissioned, qualified and sworn.
personally came and appeared the par
ties whose names are hereuntO sub
scribeG and who declared that, awaiting
themselves of the laws of this State and
particularly Act No. e67 of 1914, relative
to the organization of corporations for
any lawful business purpose or pur-
poses they have covenanted and agreed.
and do by these presents covenant and
agree and bind themselves, as well as
such other persons as may hereafter be
come associated with them, to form
themselves into a body polite in law
for the objects and purposes and under
articles. terms and considerations follow
ing, tO-wit:
ARTICLE I. The name and title Of
this corporation shall be SIMPLEX
SLEEVE VALVE COMPANY, INC, and
under its corporate name it shall have
power and authority to have and enjoy
succession for the term of ninety nine
900 years from the date hereof. To
contract, sue and be sued; to make and
use a corporate seal, and the same to
break and alter at pleasure; to hold, re-
ceive, lease and purchase under its cor
pOrate name. property, both real, per-
sOnal and mixed, and the same to sell.
mortgage, pledge, hypothecate, lease or
otherwise dispose of: to lend any por-
ton of its capital stock or income from
other sources or mortgage or other
security; to contract. make and endorse
bills of exchange and prOmissory notes !;
to issue bonds; to name and appoint
interest
of said corporation may require; to make
all necessary bylaws for the proper
management of its affairs; to acquire
stock and bonds of other corporations (;
to increase or diminish its capital stock,
and generally to do and perform in this
State or any other State all such things
and exercise such rights and powers per-
mitted by law to corporations.
ARTICLE ii. The objects and pur-
poses for which this corporation is
organized and the nature of the business
to be carried on by it are hereby de
clared TO be: To acquire the United
States and foreign rights for an auto
matte sleeve valve devised by John III.
Stakeholder of New Orleans, Louisiana,
together with the inventions, processes.
apparatus and devices included there
under or connected Herewith; to take
over such United States or Foreign Let
tiers Patent as may be issued for such
inventions and improvements, and par
ticularly all rights under Letters Patent
No. 13S5401 therefor, dated July 20, 1921 :
to prosecute such other inventions and
improvements in the aforesaid patented
article as are not already so protected
to hold all such letters patent, and to
operate and manufacture Hereunder and
to sell the manufactured product, or TO
sell and assign the said patent or the
rights Hereunder in whole or in part
or to grant licenses in respect thereof
or to dispose otherwise of and turn to
account any or all of the same in such
| manner as may in the judgment or It's
Board of Directors be for the best in
terests of the company.
ARTICLE III. The domicile of thi:
corporation shall be in the City of New
Orleans, Parish of Orleans, State OF
Louisiana, but it may establish offices
and agencies throughout the United
States of America. All citations or Other
legal process shall be served upon the
| President of said corporation; or. in the
event of his absence, upon the Vice
President; or, in the absence of both
upon the Secretary Treasurer.
| ARTICLE ". The capital stock o.
| this corporation shall be Ten Thousand
| Dollars (S10,0O000), to be divided int
two hundred shares of the par value o
| Fifty Dollars $4,000 each, which shall
be paid for in cash or its equivalent
for property. for labor performed OF
| services actually rendered. The amour
to which the capital stock of this cor
poration may be increased shall be tn
| sum of One Hundred Thousand Dollars
This corporation shall be a going con
Germ and authorized to begin business
as soon as fifty per cent of the capita
stock has been subscribed for and pai'
into said corporation.
The Board of Directors shall hav
power to issue full paid stock for prop
erty transferred to said corporation o
for labor and services rendered
ARTICLE V. All of the corporal
powers of this corporation shall be veste'
in and exercised by a Board of Direc
tors composed of not less than thre
stockholders, who shall be elected oy IN
| stockholders at the annual meeting
the corporation. which shall be held o.
the third Monday of the month Of Jan
uary of each year. A majority OF Tn
stockholders shall constitute a quorum
for the transaction of business.
The officers of this corporation shal
be a President Vice-President and
Secretary Treasurer; provided. however
the Secretary-Treasurer may be on
officer or two officers. They shall b
elected annually by the Board Of Direc
tors from among their number; all direc
tors and officers shall be elected for
term of one year. but shall hold ofhc
until their successors are elected an
qualified.
{ Any vacancy in the Board Of Director
or offices from whatever cause shall b
filed from among the stockholders b
the remaining members of the Board.
The Board of Directors shall hay
power, without reference to the share
holders of the company to buy, sci
! lease, mortgage, hypothecare, borrow
issue bonds. notes and pledges Of a
kinds, whether movable or immovabl'
and generally to exercise all powers cor
ferred on this Board of Directors b
these articles of incorporation.