The herald., 1916-12-21
CHARTER
Of RICHARDSON AEROPLANE CORPO
RATION, INC.
November 2lst, 1910.

November 2lst, 1910.
United States of America, State of Louisi-
ana, Parish OF Orleans, City OF New Or
leans.
BE it known that on this 2lst day of the
month of November, in the year of
Lord one thousand nine hundred and six
teen, BEFORE me, Pierre d. Olivier, a notary
public. duly commissioned and qualified in
and for the parish OF Orleans, State of
Louisiana, therein residing and in the pres
ence Of the witnesses hereinafter named and
underSg ned, personally came and appeared
the several persons whose names are here
unto subscribed. who severally declared that
| avalling themselves OF the laws OF the State
OF Louisiana, relative to the organization of
corporations, and especially Act 267 Of the
General Assembly for the State of LouiSi-
ana, for the year 1914, they do by these
presents, for themselves and their success
SOrS and assigns, form themselves into
corporation and body polite in law, for the
purposes and objects, and under the articles
and stlPulations hereinafter set forth.
Article 1.-The name of this corporation
| shall be: Richardson Aeroplane Corpora
| tIon, me-" under which corporate name il
| shall have corporate existence and succession
| Tor the term OF ninety nine years. from and
| 10 and be sued, 10 contract, purchase,
| lease, mortgage, pledge, ALLEVIATE, and en-
cumber real estate and personal property,
| and generally to exercise all power and
|
| organization or incidental thereto, and all
| the power and authority conferred on cor
| rcratouS oy the laws OF this State.
Article 1.-THE purposes for which this
| corporation is organized are to buy. manu-
| faCture, lease, sell and operate all kinds of
| aeroplanes, hydrO-aeroplanes and all other
| forms Of flying machines well all kinds
| q waier-crait and combinations OF the two;
| ell machinery. engines and parts OF all kinds;
| furniture. fixtures, httings and appurten-
| ances for air and water-Craft and Combina-
| tons Of the Two, well all other power
| propelled vehicles; to acquire in full owner
| ship and otherwise all domestic and foreign
! patents and patent rights under various kinds
| and forms Of planes, craft, machinery, en-
| gineS and parts Of them, their furniture, fix
! lures, fittings and appurtenances to sell
and lease all such patents and patent rights,
! on such terms, royalties, and for such ter
ritory as TO 1t may seem fit and proper;
and incident to the business of the corpo-
ration, and il shall have authority to carry
on all or parts Of its business in other states,
territories and possessions Of the United
States, az well as all foreign countries.
Article III.-The domicile of this corpora
ton shall be in the City Of New Orleans,
Louisiana, Citation OF all legal process, and
other legal notices shall be served upon the
president OF the corporation, and in his alb
sence on the vice president.
Article IV.-The capital stock of this cor
poration is hereby fixed al the sum of five
hundred thousand dollars (s5OODOOOO), d.
vided nto fifty thousand $4,000 shares of
the par value of ten dollars $1,000 each:
but the corporation shall be a going concern
dollars (S250O0.0O of the capital stock has
chen subscribed.
All stock shall be paid for in cash, or by
property, or rights transferred 10 the cor
poratlOn, or by services rendered TO il. The
value of the property rights transferred,
or services rendered, TO be fixed by the
board of directors; and the said board is
authorized 10 sell the stock of the corpora
ton, payable in installments at such times
and in such amounts as the said board may
TX from time TO time.
The capital stock may be increased to not
exceeding one million dollars (Sl,O0,00OO)
and the increase in the capital stock may be
preferred or common, or partly of one and
partly of the other, and the terms of the
of directors, which may be in existence at
ital stock.
Article v.-All the powers of this corpora
ton shall be vested in a board of directors
composed of not less than three stockholders:
and power and authority is hereby vested in
the board OF directors to increase the num-
Der of directors TO any number not exceed
ing nine ~; and the said board of directors
may fill vacancies in their number, however
holders.
The said board shall be elected annually,
on the first Tuesday after the first Monday
in the month of January of each year, except
the first board which is provided for in this
charter.
At the annual election held for the cleo
ton of directors each share shall be entitled
to one vote, which may be cast in person OF
by written proxy.
The failure to hold such meetings shall
not terminate the corporation, but the off,
GERS then in Office shall hold over until their
successors are elected and qualified
The first board of directors shall consist
Woodawn Place, New Orleans; Willis H
Cope, whose address is 56l2 Woodlawn Place
New Orleans; and Marshall d. Cloyd, whose
address is 1885 Arabella street, New Orleans
elect from their midst a president, vice
president, treasurer and secretary and it
may combine the Office of treasurer with
that OF the president, vice-president or the
need not be a director or stakeholder but
such secretary cannot be treasurer
The FIRST president shall be F. T. Richard
son. The first vice-president shall be Willis
H. Cope, who shall also be treasurer. and
the FIRST secretary shall be Marshall d.
Cloyd and they shall hold office until their
successors are elected and qualified
Article VI--Not less than fifteen QS DAYS
holders meetings. and not less than FIVE
90 days notice for special meetings The
board of directors shall hold regular and
special meetings at such times and upon such
notice as to time which the said board may
hx All notices of meetings of all kinds shall
be by written notice through the post Office
addressed to the respective stockholders at
the address given to the secretary by each
stockholder, or the notice may be delivered
by messenger
Article VII.-This act of Incorporation NAV
be changed, modified or altered or this cor.
poration may be dissolved with the assent
OF two-tmrds OF the. stock present or rep
resented at meeting convened for that
purpose.
Article NllI.-No stakeholder shall ever be
neId liable or responsible for the contracts
and faults of said corporation in any further
sum than the unpaid balance due on the
shares OF the stock owned by him; nor shall
any mere infOrmality in organization have
the effect of rendering this charter null or
exposing the stockholders to any liability
beyond the amount of his unpaid stock
Article 1X.-Whenever this corporation is
dissolved either by limitation of time, or by
me determination of the stockholders, its
affairs shall be lquidated under the super.
ylsion OF two ~ liquidators, to be appointed
TOT that purpose at a general meeting of
me stockholders convened after ten QO)
AT such meeting to consider the liquida.
1 tlOn OF the CORPORATION the resuIt hi r. =.