MRVL Co Incorporation Papers · 1914
Home > Prism Glass > United States > Mullen > Inc 1914
Paper: 2 of 11
The following named gentlemen, to wit, Messrs. Leo G. Mullen, Henry P. Mullen, J. Linus Moran, Charles J. Magee and T. J. Moran, met at room 1654 Frick Building Annex, Pittsburgh, Pa., this day for the purpose of organizing a corporation under the General Corporation Act of April 29, 1874, and the supplements thereto.
Upon motion, Mr. Henry P, Mullen was called to the chair and Mr. Leo G. Mullen was made Secretary of the meeting.
On motion made, seconded and carried by unanimous vote, it was
RESOLVED, That the capital stock of the proposed corporation, to be called the MULLEN REPLACEABLE VAULT LIGHT COMPANY be fixed at $25,000.00, to be divided into 500 shares of the par value of $50.00 per share.
On motion duly made, seconded and carried by the unanimous vote of those present, the following gentlemen were elected Directors of the Company for the first year and until their successors are duly elected and qualified, viz:
On motion duly made, seconded and carried, Mr. T. J. Moran was elected Treasurer of the Company.
Thereupon, it appearing that Messrs. Leo G. Mullen, Henry P. Mullen, J. Linus Moran, Charles J. Magee and T. J. Moran have subscribed to 390 shares of the capital stock of the proposed corporation and it further appearing that said persons are ready and willing to pay to the Treasurer of said corporation on account of their subscriptions an amount sufficient to make up $2500.00, being 10% of the capital stock of the Company necessary under the law to be paid into the Treasury before the Company is incorporated, it was thereupon, after due consideration,
RESOLVED, That the persons present do now associated themselves for the purpose of forming a corporation, to be called the MULLEN REPLACEABLE VAULT LIGHT COMPANY, the character and object of which corporation is manufacturing vault lights, selling, installing, placing or replacing the same, with the right to created, purchase, hold and sell patent rights for inventions and designs relating to such business and the right to issue a license for the same and receive pay therefor, under the provisions of the Act of April 29, 1874, and the supplements thereto, and for these purposes the following named persons do hereby make and sign the following Articles of association, viz:
"TO THE GOVERNOR OF THE COMMONWEALTH OF PENNSYLVANIA:
In compliance with the requirements of an Act of the General Assembly of the Commonwealth of Pennsylvania, entitled 'an Act to provide for the incorporation and regulation of certain corporations,' approved the 29th day of April, A. D. 1874, and the several supplements thereto, the undersigned all of whom are citizens of Pennsylvania having associated themselves together for the purpose hereinafter specified, and desiring that they may be incorporated, and that letters patent may issue to them and their successors, according to law, do hereby certify:
1st. The name of the proposed corporation is MULLEN REPLACEABLE VAULT LIGHT COMPANY.
2nd. Said corporation is formed for the purpose of manufacturing vault lights, selling, installing, placing, or replacing the same, with the right to create, purchase, hold and sell patent rights for inventions and designs relating to such business and the right to issue a license for the same and receive pay therefor.
3rd. The business of said corporation is to be transacted in the City of Pittsburgh.
4th. Said corporation is to exist perpetually.
5th. The names and residences of the subscribers and the number of shares subscribed by each are as follows:
6th. The number of directors of said corporation is fixed at three and the names and residences of the directors who are chosen directors for the first year are as follows:
7th. The amount of the capital stock of said corporation is $25,000.00 divided into 500 shares of the par value of $50.00, and $2500.00, being ten percentum of the capital stock, has been paid in cash to the Treasurer of said corporation, whose name and residence are:
8th. The 260 shares of stock above subscribed for by Leo G. Mullen and Henry P. Mullen have been issued full paid and non-assessable to the said Leo G. Mullen and Henry P. Mullen in consideration of the sale and conveyance by them to this corporation at the price and consideration of $13,000.00 of the following described property, viz:
Letters Patent of the United States of America Nos. 1,081,979 and 45,123, issued by the United States to Leo G. Mullen and Henry P. Mullen, together with the sale, assignment and conveyance by Leo G. Mullen and Henry P. Mullen of all contracts for the installation of vault lights manufactured under and by virtue of the above mentioned Letters Patent, heretofore obtained by said Leo G. Mullen and Henry P. Mullen; also the sale and conveyance by said Leo G. Mullen and Henry P. Mullen of their right, title and interest in and to a certain option heretofore made, executed and delivered to Alan B. Mills and Joseph W. Johnson, both of Orange, N. J., granting to the latter the exclusive option to purchase the license to manufacture, install, place or replace any vault lights manufactured under and by virtue of said Letters Patent in certain territory as in said option described, all of said property being necessary for the organization and business of this corporation, and all of said property being reasonably worth to said corporations the said sum of $13,000.00.
Before me, a Notary Public, in and for the county aforesaid, personally came the above named Leo G. Mullen, Henry P. Mullen and J. Linus Moran, who, in due form of law, acknowledged the foregoing instrument to be their act and deed for the purposes therein specified.
Personally appeared before me, this twelfth day of May, A. D. 1914, Leo G. Mullen, Henry R. Mullen and J. Linus Moran, who being duly sworn, according to law, depose and say that the statements contained in the foregoing instrument are true.
That thereupon the subscribers did pay to the Treasurer of the Company 10% of the total capital stock of the Company.
The Articles of Association having been duly executed, Leo M. Dillon was directed to prepare suitable advertisement of the same and file the Articles of Association in the office of the Secretary of the Commonwealth and do such other and further things as are necessary to obtain a charter for said corporation from the State of Pennsylvania.
There being no other business, the meeting on motion adjourned.
MULLEN REPLACEABLE VAULT LIGHT COMPANY
CALL FOR ORGANIZATION MEETING OF CORPORATORS AND STOCKHOLDERS
We, the undersigned, being all of the corporators and stockholders of the Mullen Replaceable Vault Light Company, do hereby call a general meeting of the corporators and stockholders to be held at the office of the Company, No. 1221 Fulton Building, Federal Street, Pittsburgh, Pa., on the 19th day of June, 1914 at four o'clock P. M. for the purpose of organizing the said Company, increasing the number of Directors of said Company, and transacting all such other business as may be brought before the meeting.
And we do hereby waive all other or further notice of meeting.