The herald., 1922-05-11
CHARTER OF
SIMPLEX SLEEVE VALVE COM
PANY INC.
Apr. g. May IL

| APT. o. May IL
CHARTER OF
SIMPLEX SLEEVE VALVE COM
| PANY, INC.
United States of America, State OF
Louisiana, Parish Of Orleans, City OF
/ seventeenth day of March, In the year
Of our Lord, one thousand nine hundred
and twenty-five, before me, CbARENCE
DE LUCAS, a 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
scribed and who declared that, availing
themselves Of the laws Of this State and
particularly Act No. 267 Of 1914, relative
to the organization of corporations for
any lawful business purpose or pur
poses. they have coyenanted and agreed.
| and do by these presents covenant ana
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 l. The name and title of
this corporation shall be SIMPLEX
SLEEVE VALVE COMPANY, INC, and
| under its corporate name 1t shall have
power and authority to have and enjoy
succession for the term of ninety nine
1897 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
such officers and agents as the 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 III. The objects and pur'
{ poses for which this corporation IL
organized and the nature Of the business
J clared to be: To acquire the United
States and foreign rights for an auto
, matte sleeve valve devised by John ii.
stakeholder Of New Orleans, Louisiana.
together with the inventions, processes,
apparatus and devices included there
3 under or connected Herewith; to take
over such United States or Foreign Let
{ ters Patent as may be issued for such
q inventions and Improvements, and par
b ticularly all rights under Letters Patent
J No. 13S54O1 therefor, dated July 20, 1921
s to prosecute such other intentions and
] improvements in the aforesaid patented
D article as are not already so protected
D to hold all such letters patent, and to
!, operate and manufacture hereunder and
q to sell the manufactured product, or to
8 sell and assign the said patent or the
: rights Hereunder in whole or in part
/ or to grant licenses in respect thereof
t or to dispose otherwise Of and turn e
: account any or all Of the same In sucf
I manner as may in the judgment OF III
!. Board of Directors be for the best In
9 terests Of the company.
o ARTICLE III. The domicile Of thi!
u corporation shall be in the City OF New
Il Louisiana, but 1t may establish Offices
l. and agencies throughout the United
d States Of America. All citations or othe
e, legal process shall be served upon tn
event Of his absence, upon the vice
l. President; or, in the absence Of both
" upon the Secretary Treasurer.
II ARTICLE w. The capital stock
, this corporation shall be Ten THOUSAND
D. Dollars (s1O.OOOOO). to be divided int
IS two hundred shares Of the par value o
lie Fifty Dollars ($5O.OO) each. which shal
IS be paid for in cash or its equivalent
ID for property, for labor performed o
n, services actually rendered. The amour
,f poration may be increased shall be tn
y sum of One Hundred Thousand Dollar:
d This corporation shall be going con
id Germ and authorized to begin bushes
n, as soon as fifty per cent OF the capita
he stock has been subscribed for and pal
ID into said corporation.
X The Board Of Directors shall hav
power to issue full paid stock for prop
s. erty transferred to said corporation o
Is for labor and services rendered
he ARTICLE v. All of the corporal
T. powers Of this corporation shall be veste
~ in and exercised by a Board Of Dire
o. tors composed Of not less than thre
I'd stockholders, who shall be elected by tn
III stockholders at the annual meeting {
r the corporation. which shall be held o
IN the third Monday of the month OF jar
uary of each year. majority OF tn
be stockholders shall constitute a quorul
On for the transaction Of business.
K. The officers Of this corporation sha
,g be President, vice-President and
Secretary Treasurer; provided. howeve
to the Secretary Treasurer may be or
he officer or two officers. They shall
n elected annually by the Board of Dire
he tors from among their number; all dire
in tors and officers shall be elected for
term of one year, but shall hold ofnt
ok until their successors are elected an
ce qualified.
ANY vacancy in the Board Of Director
r. or offices from whatever cause shall
ed filled from among the stockholders
Of the remaining members Of the Board.
h. The Board Of Directors shall ha'
B. holders Of the company, to buy. SCI
n. lease, mortgage. hypotheeate. borro'
II. issue bonds. notes and pledges Of
b. kinds. whether movable or immovabl
as and generally to exercise all powers CO.
a. ferred ON this Board Of Directors