The herald., 1922-04-27
CHARTER.

All elections shall be by ballot, each
share shall be entitled to one vote, and
the majority of the votes cast shall elect.
At all meetings each stakeholder shall
be entitled to one vote, either in person
or by written proxy, for each share OF
stock standing in his name on the books
of the corporation; provided that no
stock shall be voted at any meeting
which has been transferred upon the
books within thirty days prior to the
said meeting.
ARTICLE VI. No stakeholder shall
ever be held liable for the contracts.
faults or debts of this corporation, nor
shall any mere informality in its organl-
cation have the effect of rendering this
charter void. or of exposing a stockholder
to any liability beyond the unpaid bal
ance due on the shares owned by him.
ARTICLE VII. The first Board OF
Directors shall consist of L. NJ. Dalgarn.
President. whose pOStOfhce address is SUB
Louisiana Building, New Orleans, La
John II. Stakeholder, Nice-President, 1901
nauphine Street, New Orleans. La, and
r. W. Abel, Secretary Treasurer, 72O
Caffn Avenue. New Orleans, La.
ARTICLE VIII. No stakeholder may
sell. assign or transfer his stock in this
CORPORATION unless thirty 500 days pre-
vious notice in writing of such intention
10 sell. assign or transfer said stock be
given to the company previous to said
sale assignment or transfer. and upon
such notice the Board of Directors shall
have the right to purchase the stock at
its book value by reference to the bal
ance sheet of the last fiscal year. Upon
failure of the Board of Directors to pass
resolution before the expiration Of
thirty 500 days to purchase said stock
at its book value. said stock may be sold
in the open market
ARTICLE IN. This act OF incorpora-
ton may be changed, modified, altered
or amended or this corporation may be
dissolved with the assent of stockholders
owning three-fourths of the stock of the
corporation present or represented AT
general meeting cOncurred for that pur-
pose. and after at least ten days written
notice has been given through mail to
each stakeholder at his last known place
of residence. In case of dissolution by
the expiration of this charter or other
wise the stockholders shall elect three
liquidators from among their number to
settle the business and affairs of the cor
poration.
In case of death or disability of any
of said commissioners or liquidatOrs, the
survivors shall elect or appoint sue
ccsSor to him. and If they fail to agree
on his appointment. then they shall wind
up the affairs of said corporation.
Thus done and passed at my office In
the presence of II. VI. Ansley and r. ).
Gardiner competent witnesses, who have
hcreunto signed their names with said
D y
of the whole
Original signed: l.. NJ. nalgarn, l
share: John II. Stakeholder, 19S shares
F. W Abel. 1 share.
Witnesses:
IT. NJ. ANsLEY.
f. s. GARDINER.
c. DE LUCAS.
Notary Public.
I. the undersigned Recorder of Mort
cages in and for the Parish of Orleans.
State of Louisiana. do hereby certify that
the above and foregoing act of incorpor-
| alton of the SIMPLEX SLEEVE VALVE
| COMPANY. INC. was this day duly re
corded in my office in book 126S folio
! 159.
| New Orleans. March Is. 1922.
ROBT. SCOTT,
by. Recorder.
\ true copy.
c. DE LUCAS.
Notary Public.
/ Apr. 6-May II