The herald., 1922-04-20
CHARTER.

All elections shall be by ballot, each
share shall be entitled to one vote, ana
the majority Of the votes cast shall elect
At all meetings each stakeholder snail
be entitled to one vote, either In person
or by written proxy, for each share or
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 organi-
zation have the effect of rendering TINS
charter void or of exposing a stakeholder
to any liability beyond the unpaid bal
ance due on the shares owned by him.
ARTICLE VII. The first Board or
Directors shall consist of l.. NJ. Dalgarn,
President whose postoffce address Is 3O3
Louisiana Building. New Orleans. Ia "a
John H. Stakeholder, Vice-President, 1904
Dauphine Street, New Orleans La, and
F. W. Abel, Secretary-Treasurer, 10
Caffin Avenue. New Orleans, La.
ARTICLE VIII. No stockholder may
! sell, assign or transfer his stock In TINS
corporation unless thirty (30) days pre-
yious notice in writing of such intention
to SELL assign or transfer said stock be
given to the company previous TO sald
sale. assignment or transfer, ana upon
such notice the Board of Directors SHAH
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
a resolution before the expiration or
thirty 800 days to purchase said stock
at its book value, said stock may be sold
In the open market.
| ARTICLE IN. This act OF iucorpora-
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
lcorporation present or represented at
general meeting concurred for that pur-
pose and after at least ten days written
notice has been given through mai 70
each stockholder 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 &c
settle the business and affairs OF the cor
poration.
In case OF death or disability Of any
of said commissioners or liquidators, thu
survivors shall elect or appoint sue
cessor to him; and II they fail to agree
, on his appointment. then they shall wind
up the affairs Of said corporation.
Thus done and passed at my oince II
the presence of ii. NJ. Ansley and Il.
Gardiner, competent witnesses, who have
hereunto signed their names with sait
appearers and me- Notary, after reading
Of the whole.
. Original signed: l.. NJ Dalgarn,
share: John Fl. Stakeholder, 19S shares
F. W. Abel. l share.
" r. n. ANsLEY.
f. s. GARDNER.
, c. DE LUCAS.
Notary Public.
! 7 the undersigned Recorder of Mort
r cages in and for the Parish Of Orleans
/ state Of Louisiana. do hereby certify tina
: the above and foregoing act Of incorpor
r alton OF the SIMPLEX SLEEVE VALVl
/. COMPANY. INC. was this day duly re
!. corded in my office in book 126s, foil
15S
: New Orleans. March 1s. 1922.
y ROBT. SCOTT.
by. Recorder.
r c. DE LUCAS.
). Notary Public.