The herald., 1922-05-11
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 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 SHAH
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 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.. VI. Dalgarn.
President, whose pOstOfice address Is SO5
Louisiana Building. New Orleans, La
John II. Stakeholder, ViCe-President, 1904
Dauphine Street. New Orleans. La, and
F. W. Abel. Secretary Treasurer, 80
Caffin Avenue. New Orleans, La.
ARTICLE VIII. No stakeholder may
sell. assign or transfer his stock In TINS
corporation unless thirty 500 days pre-
vious notice in writing of such intention
to sell assign or transfer said stock be
given to the company previous to said
sale assignment or transfer. ana upon
such notice the Board Of Directors shall
have the right to purchase the stock at
IFS hook 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 (3O) 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 or stockholders
| owning three-fOurths of the stock OF the
| CORPORATION present or represented at 4
| general meeting cOncurred for that pur-
| pose. and after at least ten days written
| notice has been given through mail 10
each stakeholder at his last known place
| Of residence. In case or dissolution Dy
| the eNDiration of this charter or other
wise. the stockholders shall elect three
| Iiduidators from among their number 10
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
cessor to him; and IL 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 Fl. VI. Ansley and f. s.
| GARDINER. competent witnesses. who have
hereunto signed their names with said
appearers and me, Notary, after reading
of the whole.
| Original signed: T.. NJ Dalgarn, j
share; John II. Stakeholder. 19S shares
| F. W. Abel. l share.
| Witnesses:
Fl. NJ ANSLEY.
E.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 1858, folio
15S.
New Orleans, March 1s, 1922.
ROBT. SCOTT,
| by. Recorder.
c DE LUCAS.
Notary Public.
Apr. 6May II