The herald., 1922-04-20
CHARTER OF
SIMPLEX SLEEVE VALVE COM
N

Louisiana, ParlSn OF orleans, lily Oh
| New Orleans. Be 1t 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, 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 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
(99) 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-
| SODal ana ul1Neu, anu tie sdmt " scii.
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 it's affairs; to acquire
-
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
: organized and the nature of the bushes,
to be carried on by 1t are hereby de
clared to be: To acquire the United
g States and foreign rights for an auto
$ matte sleeve valve devised by John ID
Stakeholder Of New Orleans, Louisiana
together with the inventions, processes
e apparatus and devices included there
Y under or connected Herewith; to taxi
], over such United States or Foreign Let
!. tiers Patent as may be issued Tor suci
i inventions and improvements, and par
ticularly all rights under Letters Paten
l. No 13s54O1 therefor, dated July %, 1921
:, to prosecute such other inventions ant
s improvements in the aforesaid patente'
l. | article as are not aireduy 50 pTotcescu
;, to hold all such letters patent, and q
ii operate and manufacture hereunder ant
n to sell the manufactured product, or Z
sell and assign the said patent or tn
v rights Hereunder in whole or In part
e or to grant licenses in respect thereof
v or to dispose otherwise of and turn Z
d account any or all of the same In sue
s: manner as may in the judgment OF 1t
d Board of Directors be for the best In
n terests of the company.
u ARTICLE III. The domicile of thi
l. corporation shall be in the City Of Ne'
Louisiana, but 1t may establish office
and agencies throughout the Unite
- States of America. All citations or othe
a legal process shall be served upon tn
re President of said corporation; OF, IN On
n event Of his absence, upon the vice
s. President; or, in the absence Of boil
al upon the Secretary Treasurer.
3: ARTICLE Nv. The capital stock >t
rs this corporation shall be Ten Thousan
10 Dollars (s1O,OOO.OO), to be divided int
Is Fifty Dollars (S5OO0) each, which sha
8. be paid for in cash or its equivalen
I'd for property. for labor performed g
ar services actually rendered. The amour
rs to which the capital stock OF TINS co :,
ne poration may be increased shall be II
Id sum of One Hundred Thousand Dollar
s. This corporation shall be going col
b. Germ and authorized to begin bushes
ne ms soon as fifty per cent OF the caplt
of stock has been subscribed for and pal
10 into said corporation.
z The Board Of Directors shall ha'
ne power to issue full paid stock for pro-
!; erty transferred to said corporation
az for labor and services rendered
eu ARTICLE V. All Of the corpora
a powers of this corporation shall be vest'
% in and exercised by Board OF DIRE
ns tors composed of not less than thr
10 stockholders, who shall be elected by q
stockholders at the annual meeting
-u the corporation. which shall be held
y the third Monday of the month OF ia
~ nary of each year. majority or q
stockholders shall constitute quoru
o.. for the transaction of business.
n The officers Of this corporation sh'
n be a President. vice-President and
ey Secretary Treasurer; provided. howev'
in the Secretary Treasurer may be o
all officer or two officers. They shall
rst elected annually by the Board OF DIRE
lily tors from among their number; all DIRE
be tors and officers shall be elected TOT
ter term of one year. but shall hold ofn
en- until their successors are eiected al
ys qualified.
X Any vacancy in the Board Of Direeto
en- or Offices from whatever cause shall
ne filled from among the stockholders
"a the remaining members Of the Board.
II The Board of Directors shall ma
he power, without reference to the shal
Sc holders Of the company, to buy, Sc
~ lease, mortgage. hypothecare, borro
a issue bonds, notes and pledges or
nv kinds. whether movable or immovab
he and generally to exercise all powers CO
rs ferred on this Board Of Directors
WIS these articles of incorporation.