The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
Apr. G. May IL
CHARTER OF
SIMPLEX SLEEVE VALVE COM


SIMPLEX SLEEVE VALVE COM
PANY, INC.
United States of America, State OF
Louisiana, Parish Of Orleans, City of
New Orleans. Be it 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, awaiting
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 1t 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
| d
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
nd hn init raGt
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 4.
organized and the nature of the business
to be carried on by it are hereby de
clared to be: To acquire the United
States and foreign rights for an auto
matte sleeve valve devised by John d.
Stakeholder of New Orleans, Louisiana
together with the inventions, processes
apparatus and devices included there
under or connected Herewith; to take
over such United States or Foreign Let
tiers Patent as may be issued for such
inventions and improvements, and par
No 13S54O1 therefor. dated July 26, 1921
to prosecute such other inventions and
improvements in the aforesaid patented
article as are not already SO protected
to hold all such letters patent, and to
operate and manufacture Hereunder and
to sell the manufactured product, or tC
sell and assign the said patent or the
rights Hereunder in whole or in part
or to grant licenses in respect thereof
or to dispose otherwise Of I, and turn tt
l IN - h. In aNn
/ manner as may in the judgment of III
Board of Directors be for the best In
3 terests of the company.
D ARTICLE III. The domicile Of THU
] corporation shall be in the City Of New
Orleans, Parish Of Orleans, State o
I Louisiana, but it may establish office
and agencies throughout the United
I States of America. All citations or othe
. legal process shall be served upon tn
t President of said corporation; or, In tn
event of his absence, upon the Vice
President; or. in the absence Of both
{ upon the Secretary Treasurer.
r ARTICLE ". The capital stock o
this corporation shall be Ten THOUSAND
= Dollars 1OOO0.O0), to be divided int
S two hundred shares Of the par value o
S be paid for in cash or its equivalent
q for property, for labor performed o
l. services actually rendered. The amour
y to which the capital stock of this cor
L nOratlOn may De 1nCTedSeu bt III
= sum of One Hundred Thousand Dollar:
0 This corporation shall be going con
Germ and authorized to begin bushes
/, as soon as fifty per cent of the capita
g stock has been subscribed for and pal
q into said corporation.
K The Board of Directors shall hav
power to issue full paid stock for prop
= erty transferred to said corporation o
s for labor and services rendered
q ARTICLE v. All Of the corporal
l. powers Of this corporation shall be veste
y in and exercised by a Board of Dire
! tors composed of not less than thre
d stockholders, who shall be elected by tn
II stockholders at the annual meeting q
: the corporation which shall be held o
u the third Monday of the month Of jar
uary of each year. A majority Of tn
,e stockholders shall constitute a Quorul
n for the transaction Of business.
(. The officers of this corporation sha
& be a President. yice-President and
Secretary Treasurer; provided. howeve
e officer or two officers. They shall
l. elected annually by the Board OF Dire
le tors from among their number; all dire'
u tors and officers shall be elected for
o term of one year, but shall hold ofht
X until their successors are elected an
e qualified.
r or offices from whatever cause shall
d filed from among the stockholders
" the remaining members of the Board.
10 The Board Of Directors shall ha'
le power without reference to the shar
B. holders Of the company, to buy, sci
n. lease, mortgage. hypotheeate. borro'
!, issue bonds. notes and pledges OF
B. kinds, whether movable or immovabl
Is and generally to exercise all powers col
10 ferred on this Board Of Directors
these articles of incorporation.