The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-21
CHARTER OF GULF AERO TRANS
PORT Co. INC.

STATE OF LOUISIANA, PARISH OF
ORLEANS. CITY OF NEW ORLEANS
he it known, that on this 10Th DAY OF
March, 1921 before me, Rudolph j. Vein
mann, Il Notary Public, in and for the
above named parish and state. duly com.
miSsiOned and qualified. and in the pres
rnce of the witnesses hereinafter named
and undersigned, personally came and
appeared:
The several persons whose names are
hereunto subscribed, who declared that.
aVailing themselves of the laws and con-
stitutiOn of the State of Louisiana. rela-
tive to the formation of corporation. and
especially of Act 26T of 1914, and the
themselves, their associates and success
Sors into corporation under the follow
ing terms and conditions, which they
hereby adopt as their articles of incor-
pOraiOn, or charter. to wit:
ARTICLE 1.-The name and style of
this corporation shall be- GULF AERO
TRANSPORT co. INC. and under said
name it shall have corporate existence for
ninety 800 years from and after this
date. unless sooner dissolved: its dOmicile
shall be in the City of New Orleans, State
of Louisiana, and citation and all legal
process shall be served upon the PrcSi-
dent, or in his absence. upon the Srcre-
tary of this corporation.
ARTICLE 1.-THE objects and purposes
for which this corporation Is formed and
the nature of the business to be carried
on by il. are hereby declared TO be: To
own and operate aerOplaneS and hydro
aeroplancS for commercial purposes; To en-
gage in aerial transportation, sight seeing :;
newspaper. mail and express delivery; to
engage in aerial advertising. photography
and mapping; 10 own and operate sales
agency for the sale of planes and their
parts to engage in aerial and aeronautical
instruction.
The said corporation shall have power
To contract. sue and be sued Ia make and
use a corporate seal, and the same to
break or alter at pleasure; to hold in fee
or otherwise receive. hyp0thecate pledge
and sell property. real and personal: to
issue stocks and bond therefor; to borrow
money and to issue notes or bonds there
for: to own stock in other corporations.
to name and appoint such managers, di-
recters. officers and agents the inter
eStS of the said corporation may require :;
to establish such bylaws, rules aud regu-
latiOns for the proper management OF the
affairs of this corporation, as may he
necessary and proper. the same to alter at
pleasure. and generally to 90 and perform
all such acts as may be proper and neceS-
Sary to carry out and execute the pur-
poses of this corporation. and to exercise
all powers conferred on corporations by
Act 261 of 1914. or the amendments hereof.
ARTICLE III-The capital stock of this
corporation is hereby iXe,: ut the sum of
Ten Thousand Dollars (S10O00.0Ol, all of
which shall be common stock. Said stock
shall be represented by four hundred (40Ol
shares of a par value of twenty-five dol
| lars (S2jOO) each. The capital stock of
| the corporation may be increased to fifty
! thousand dollars tSJ0,OO0OOl.
ARTICLE Iv.-An of the corporate
powers of this corporation shall vest in
| and be exercised by a Board of Directors
composed of not less than five 90 MOI
more than fifteen (1J) stockholders of thi'
H. Il
be five To-. This number may be in
creased by a majority vote of the capita
| stock at any called or special meeting
These directors shall be elected at a meet
ing of the stockholders held for that pur
pose. at the dOmicile of the company, oil
the third Monday in February of eacl
year. beginning with the third Monday il
February. 1922. notice of which meeting
| shall\be given to- each stOckhOlder at leaS
fifteen I'D days prior to such meeting
! in written or printed notice, either de
lvered personally or by depOsiting SAT-
notice in the pOStOffice. properly addressed
to the last known address of each stock
holder. as shown by the books of the cor
poration. at least fifteen 05) days befor
such meeting, with postage prepaid.
The first Board of Directors of this cor
pOratiOn is hereby declared TO be com
posed of the following stockholders:
Ashton Hayward, $40 Common street
New Orleans. La. John DymOnd. Jr., 100
| E..
Chas. T. Madison. 1903 Canal Commercial
Bldg, New Orleans. La: W. S. X. Bean
SD Union Street, New Orleans. La; Ray
mOnd =. Apologize, al Iberville St, New
Orleans, La; and they shall hold thei
office until the third Monday of February
1922. and until their successors are electe'
and qualified. The Board of Directors o
this corporation shall Immediately afte
their election and qualification for Offic
elect from their number a President, ant
| a President
Secretary and Treasurer who need not b
members of the Board of Directors. Tn
President shall be General Manager Of tn
corporation.
The first President of this corporation
is hereby declared to be Raymond p. Ap
plegatp; the first NicePresident is hereb
declared to be John Dymond. Jr.; the frs
Secretary of this corporation is hereby de
clared to be Francis l.. White; the frs
| Treasurer of this corporation is hereb
declared to be William II. Morgan. VIII
shall hold their offices until the third Mon
day of February, 1922 and until their sue
cessOrs are elected and qualified. except tn
Office of Treasurer and Secretary. whic
shall be removable at the pleasure of tn
Board of Directors. A failure to elet
directors or officers on the date herei
stated shall not affect the legality of thi
corporation or the acts of the corporal
officers, and such officers shall cOntinu
to act until their successors are electe
= and qualified at a meeting to be special
, called after notice as hereinabove provide,
= Each stakeholder shall be entitled to OF
vote for each share of stock appearing
= his name on the books of the corporatiO
: and there shall be no cumulative votin
The directors of this corporation shall
permitted to execute, in writing, the
proxy to any other stakeholder to act Il
>, said absent director at any meeting Of Il
II Board of Directors of the CORPORATION.
: ARTICLE V.-No stakeholder shall ev
l. be held liable or responsible for the co
n tracts or faults of this corporation in al
II further sum than the unpaid portion
N his subscribed stock, nor shall any me
n infOrmality in organization have the eff,
" of rendering this charter null or expOsi
E. a stakeholder to any liability other tn
as above provided.
n ARTICLE VI.-This charter may
Oh amended, the capital stock increased
" decrea sed or this corporation dissolved
" accordance with the provisions Of Act
l. OF the Legislature of the State OF Loui
u ana for the year 1914, and any amendm
I" thereto.
n, Thus done and passed, at my notal
ali office at New Orleans, La. In the pl
all ence of A. Giffen Levy and Gertrude
alr1 Wood, competent witnesses, on the
and date hereinabove written, after
reading Of the whole. the subscribers
10 this corporation hereby affixing after Il
IN, names the amount Of stock respectiN
I've subscribed for by each Of them, AMI
hereby declare this to constitute I
the stock subscription list:
eir John Dymond, Jr., 1907 Maison Blar
Bldg, New Orleans, La. ten (10) sha
, William 8. r. Beane, So Union ST.
op- Orlaons Ia eight (Sl shares: w. III,