The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-30
CHARTER
OF RICHARDSON AEROPLANE CoRPo
RATION, INC.
November 2lst, 1916.

November 2lst, 1916.
United States OF America, State of Louisi-
ana, Parish of Orleans, City of New Or
leans.
Re it known. that on this 2lst day of the
month Of November, in the year Of our
ord one thousand nine hundred and SIX
cen, before me, Pierre d. Olivier, notary
ublic. duly commissioned and qualified in
and for the parish of Orleans, State Of
louisiana, therein residing and in the pres
nee Of the witnesses hereinafter named and
Undersigned, personally came and appeared
The several persons whose names are here
INTO subscribed, who Severally declared that
4vailug themselves OF the laws OF the State
{ Louisiana, relative to the organization Of
operations, and especially Act 20 OF the
General Assembly for the State Of Lou'Si-
presents, for themselves and their success
so-s and assigns, form themselves into a
.0rporatiOn and body polite in law, for the
purposes and objects, and under the articles
.ud supulatons hereinafter set forth.
Article The name of this corporation
shall be: Richardson Aeroplane Corpora
ION Inc" under which corporate name it
shall have corporate existence and succession
the term OF nincty-nine years, from and
.ftcr the date hereof. 1t shall have power
o sue and be sued. to contract, purchase,
ease, mortgage. pledge, ALLEVIATE, and en-
umIer real estate and personal property,
nd generally 10 exercise all power and
minority connected with the purpose Of its
ryauizliCu OF incidental thereto, and all!
We power and authority conferred on cor
u~at'0uS Nv the laws of this State.
Article 1.-THE purposes for which this
operation IS organized are to buy. manu-
acture, lease, sell and operate all kinds Of
e~oplanes, hydro aeroplaucs and all other
1rmS Of flying machines as we'll as all kinds
f watcr-orait and combinations Of the two:
j machinery. engines and parts OF all kinds /;
-rrl'urC. fixtures, fittings and appurteu-
noes for air and water-crdft and COmDina-
IONS Of the two, as well a. all other power
PROPELLED vehicles; to acquire in full owner
hip and otherwise all domestic and f1re gn
atcnts and patent rights under various kinds
nd forms OF planes, craft, machinery, en-
ines and parts of them, their furniture, FIX
ureS, fittings and appurtenanceS; to sell
nd lease all such patents and patent tights,
IN such terms, royalties, and for such ter
TORY as TO 1t may seem AT and proper;
nd generally to do all things necessary
nd incident to the business OF the corpo-
alton, and IL shall have authority to carry
n all or parts of its business in other states
errltOrieS and possessions OF the United
States, well all foreign countries.
Article III.-The domicile Of this corpora
ION 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
5ence on the vice-president.
Article IV.-The capital stock Of this cor
7oration is hereby fixed at the sum of 1--WE
hundred thousand dollars CsS0o0o0 COZ, d.
vided nto fifty thousand $4,000 shares OF
he par value of ten dollars $1,000 each:
nut the corporation shall be a going concern
= soon as two hundred and fifty thousand
dollars tS25O.OO0W) of the capital stock has
chen subscribed.
All stock shall be paid for in cash, or by
property, or rights transferred TO the cor
ooration, or by services rendered to it. The
value of the property or rights transferred,
" services rendered, to be fixed by the
board of directors; and the said board is
to sell the stock Of the corpora
ion, 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 Cl.0000O0
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
preferred stock shall be fixed by the board
IF directors. which may be in existence at
he time OF te proposed increase in the cap
tai 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;
md power and authority is hereby vested in
he board Of directors TO increase the num-
Der Of directors to any number not exceed
ng nine (9); and the said board of directors
nay I'LL vacancies in their number, however
,aused, by election from among the stock
holders.
The said board shall be elected annually,
IN the first Tuesday after the first Monday
n the month Of January Of each year, EXCEPT
he first board which is provided for in this
,harter.
At the annual election held for the e'oc-
ion of directors each share shall be entitled
by written proxy.
The failure TO hold such meetings shall
not terminate the corporation, but the Off
,ers Their in Office shall hold over until their
successors are elected and qualified.
The first board of directors shall consis,
": +. +. Richardson, whose address isc SOP
NoOdawn Place, New Orleans; Willis ii
-ope, whose address is 56l2 Woodlawn Place,
New Orleans; and Marshall ID. Cloyd, whose
address is 1885 Arabella street, New Orleans
Each board of directors shall annually
elect from their midst a president, vice
president, treasurer and secretary and j,
nay combine the office OF treasurer with
hat of the president, ice-president or the
secretary, and 1t may elect a secretary who
need not be a director stakeholder, but
such secretary cannot be treasurer.
The first president shall be F. T. Richard
ION. The first vce-president shall be Willis
1. Cope, who shall also be treasurer, and
he FIRST secretary shall be Marshall d.
lloyd and they shall hold office until their
are elected and qualified.
Article NI-Not less than fifteen O5 DAYS
notice shall be given for all regular stock
holders meetings, and not less than FIVE
- 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
TX. All notices of meetings Of all kinds shall
'e by written notice through the post Office
to the respective stockholders at
he address given to the secretary by each
tockholder, or the notice may be delivered
by messenger.
Article VII.-This act of Incorporation may
De changed, modified or altered or this cor
'oration may be dissolved with the assent
# two-thirds of the stock present or rep
esented at a meeting convened for that
purpose.
Article VIII.-No stakeholder shall ever be
leld liable or responsible for the contracts
md faults OF said corporation in any further
um than the unpaid balance due on the
shares OF the stock owned by him; nor shall
my mere informality in organization have
he effect of rendering this charter null or
exposing the stockholders to any liability
beyond the amount of his unpaid stock
Article IX.-Whenever this corporation is
dissolved either by limitation Of time or by
he determination of the stockholders, its
lfairs shall be liqudated under the super.
'ision OF two ~ liquidators, to be appointed
or that purpose at a general meeting of
he stockholders convened after ten QO)
lays notice.
AT such meeting TO consider the liuuida-
ION OF the corporation, the result shall be de-
ermined by the consent of two-thrds of
ne stock present or represented at such
Meeting. In case of the death or inability
Q act OF one OF the liquidators, the survivor