The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-14
CHARTER
OF RICHARDSON AEROPLANE CORPO
RATION, INC.
November 2lst, 1916.

-No|IlL.DtI -iSI' lflO.
| United States Of America, State Of Louisi-
| ana, Parish Of Orleans, City OF New Or
! leans.
| Ee it known, that on this 2lst day of the
/ month OF November, in the year OF our
| Lord one thousand nine hundred and six
| teen, before me, Pierre ID. Olivier, a notary
public, duly commissioned and qualified in
| and Tor the parish OF Orleans. State of
! Louisiana, therein residing and in the pres
/ ence OF the witnesses hereinafter named and
| uudcrSI gucd, personally came and appeared
| 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 Tor the State of LOu'Si-
/ ana, for the year 1914. they do by these
| presents, Tor themselves and their success
sors and assigns, form themselves into a
| corporation and body polite in law, for the
purposes and objects, and under the articles
| and StIpulations hereinafter set forth.
| Article The name of this corporation
! shall be: Richardson Aeroplane Corpora
| ton, Inc under which corporate name il
| shall have corporate existence and succession
! tor the term OF nlnety-nlne years, from and
after the date hereof 1t shall have power
| lease, mortgage, pledge, ALLEVIATE, and en-
| cumber real estate and personal property,
| and generally TO exercise all power and
authority connected with the purpose of its
I
| the power and authority conferred on cor
| ruratiouS 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-aeroplaues and all other
| forms of flying machines as well as all kinds
| Of water-Craft and combinations OF the two;
| al machinery. engines and parts of all kinds
| ances for air and water-craft and cOmbina-
! tons OF the two, as well as 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 II may seem fit and proper
and generally to do. all things necessary
ration. and it shall have authority to carry
| on all or parts OF its business in other states,
| territories and possessions OF the United
States, as we'll as all foreign countries.
Article llI.-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 lV.-The capital stock of this cor
poration is hereby fixed at the sum of FIVE
humid; ed thousand dollars (S5OODO0OO, d.
yided nto fifty thousand 5OcOO shares of
.
but the corporation shall be a going concern
as soon two hundred and fifty thousand
dollars (S2So,0Oo0O) OF the capital stock has
chen subscribed.
All stock shall be paid for in cash. or by
property, rights transferred to the cor
poration, or by services rendered TO it. The
value OF the property or rights transferred
or services rendered, TO be fixed by the
board of directors; and the said board is
authorized to sell the stock of the corpora
tion, 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,OOO,OOOO
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
of directors, which may be in existence at
the time. of te proposed increase in the cap
ital stock.
Article V.-All the powers of this corpora
ton shall be vested in board of directors
composed of not less than three stockholders ;
and power and authority is hereby vested in
Der of directors to any number not exceed
ing nine ~; and the said board of directors
may I'LL vacancies in their number, however
caused, by election from among the stock
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 hrst board which is provided for in this
charter.
At the annual election held for the cleo
tion of directors each share shall be entitled
to one vote, which may be cast in person or
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
Of: T. t. Richardson, whose address isc S6i2
| WOodlawn Place, New Orleans; Willis Ii
Cope, whose address is 56l2 Woodlawn Place.
New Orleans; and Marshall d. 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 it
may combine the office. of treasurer with
that of the president, vice-presdent or the
secretary, and 1t may elect a secretary who
| 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
II. Cope, who shall also be treasurer, and
the hrst 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
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
NIX. 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
stakeholder, or the notice may be delivered
by messenger.
Article VlI.-This act of Incorporation NAV
be changed, modified or altered or this cor
poration may be dissolved with the assent
OF two-thirds of the stock present or rep.
resented at meeting convened for that
purpose.
Article NllI-No stakeholder shall ever be
held 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 lX.-Whenever this corporation is
| dissolved either by limitation of time, or by
| me determination of the stockholders. its
affairs shall be liquidated under the super.
VISION OF two () liqudators, to be appointed
i9r that purpose at a general meeting of
| me stockholders convened after ten QO)
| days notice. Wv
| AT such meeting to consider the liouida.
| ton OF the corporation, the result shall be de-
| termined by the consent Of two-thirds Of
| the stock present or represented at such