The herald., 1921-04-28
CHARTER OF GULF AERO TRANS
PORT co. INC.

UNITED STATES OF AMERICA. |
SKATE OF LOUISIANA. PARISH uF
ORLEANS. CITY OF Ni'W ORLEANS.
BE II known that on This -oth day or
March. 1921. before me. Rudolph J. Vein.
mann. Notary Public, in and for tur
above named parish aud state. duly com
misSioncd and qualified. and in the pres
ruce Of the witnesses hereinafter named
and undersigned. personally came and
appeared:
The several persons whose names are
hereuntO subscribed, who declared thar.
ayailing themselves Of the laws and con
Stitution of the State of Louisiana, rcla-
tive To the formation of corporation. and
especially of Act 267 of 1914. and the
amendments thereof they do hereby form
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 THE name and style Of
this corporation shall br GULF AERO
TRANSPORT co. INC. and under said
name it shall have corporate existence for
ninety nine 800 years from and after this
date. unless sooner dissolved: its domicilr
shall br in the City of New Orleans. State
of Louisiana. and citation and all laEal
process shall he served upon the PrcSi-
dent, or, i'll his absence. upon the Sccrc-
tary of this corporation.
ARTICLE 1.-THE objects and purposes
the nature of the business to be- carried
on by it, are hereby declared to be: 70
own and operate aerOplaneS and hydro
aerOplaneS for commercial purposes: to en-
gage in aerial transportation. sight seeing;
newspaper, mail and express delivery: to
engage in aerial advertising. photography
and mapping: to own and operate a sales
agency for the sale of planes and their
parts; to engage in aerial and aeronautical
instruction.
h.. 1T ehnn L,,-
to contract, sue and be sued to make and
use a corporate seal, and the same TO
break or alter at pleasure; to hold in fee
or otherwise receive, hypOthecate, pledge
and sell property. real and personal: 10
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-
rectOrs, officers and agents as the inter
ests of the said corporation may require
to establish such bylaws, rules and regu
latiOns for the proper management of the
affairs of this corporation, as may be
necessary and proper, the same to alter at
pleasure. and generally to 10 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 fNeG at the sum of
Ten Thousand Dollars (S10,O0O.OO), all of
which shall be common stock. Said stock
shall be represented by four hundred 400
shares of par value of twenty-five dol
lars ($25.00) each. The capital stock of
the corporation may be increased to fifty
thousand dollars (S50O0OO0).
ARTICLE IV.-An of the corporate
powers of this corporation shall vest in
and be exercised by Board of Directors.
composed of not less than five 90 nor
more than fifteen 90 stockholders of this
Hhn hall
be five (5). This number may be in
creased by a majority vote of the capital
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. on
the third Monday in February of each
year, beginning with the third Monday in
February, 1922, notice of which meeting
shall be given TO each s:Ockholder at least
fifteen Q5) days prior to such meeting,
in written or printed notice. either de
lvered personally or by depositing said
notice in the postOffice, properly addressed
to the last known address of each stock
holder, as shown by tho books of the cor
poratiOn. at least fifteen 40 days before
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 S26 Common street
New Orleans. La: John Dymond. Jr.. 1907
MaisOn Blanche Bldg. New Orleans, La:
Chas. I. Madison, 1103 Canal Commercial
Bldg, New Orleans. La; W. s. X. Bean,
SD Union Street, New Orleans. La; Ray
mOnd p. Applegate, III Iberville ST., New
Orleans, La; and they shall hold their
Office until the third Monday of February.
1922. and until their successors are elected
and qualified. The Board of Directors of
this corporation shall Immediately after
their election and qualification for office
elect from their number a President. and
a ce-President, and they shall elect a
Secretary and Treasurer who need not be
members of the Board of Directors. The
President shall be General Manager of the
corporation.
The first President of this corporation
is hereby declared to be Raymond =. APP
plegate; the first Vice-President is hereby
declared to be John Dymond. Jr.; the first
Secretary of this corporation is hereby de
clared to be Francis l.. White; the first
Treasurer of this corporation is hereby
declared to be William III. Morgan. who
shall hold their offices until the third Mon
day OF February, 1922 and until their sue
cessOrs are elected and qualified, except the
office of Treasurer and Secretary. which
shall be removable at the pleasure of the
Board of Directors. failure to elect
directors or officers on the date herein
stated shall not affect the Legality of this
corporation or the acts of the corporate
officers, and such officers shall continue
to act until their successors are elected
and qualified at a meeting to be specially
called after notice as hereinabove provided
Each stakeholder shall be entitled to one
vote for each share of stock appearing In
his name on the books of the corporation
and there shall be no cumulative voting
The directors of this corporation shall be
permitted to execute, in writing. their
proxy to any other stakeholder to act for
said absent director at any meeting of the
Board of Directors of the CORPORATION.
ARTICLE v.-No stakeholder shall ever
be held liable or responsible for the con
tracts or faults of this corporation in any
further sum than the unpaid portion of
his subscribed stock, nor shall any mere
infOrmality in organization have the effect
of rendering, this charter null or exposing
stakeholder to any liability other than
| as above provided.
| ARTICLE VI.-This charter NAV be
lhmended. the capital stock increased or
decrea sed. or this corporation dissolved in
accordance with the provisions of Act 267
of the Legislature of the State of Louisi-
| ana for the year 1914, and any amendment
| thereto.
Thus done and passed. at my notarial
| office, at New Orleans, La, in the pres
ence of A. Giffen Levy End Gertrude =.
Wood. competent witnesses. on the day
and date hereinabove written, after due
reading of the whole, the subscribers to
| this corporation hereby affixing after their
| names the amount of stock respectively
subscribed for by each of them. an they
| hereby declare this to constitute their
| stock subscription list:
John Dymond, Jr., 1907 Maison Blanche
| Bldg, New Orleans. La, ten (10) shares /;
William g Rpaue S7Z Irnion St New