The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-12
CHARTER OF GULF AERO TRANS
PORT CO. INC.

Be II known, that on TINS ZSth uaA OF
mann. Notary Public. in and for the
| above named parish and state, duly com
missioned and qualihed and IN the pres,
ence of the witnesses hereinafter named
and undersigned. personally came and
appeared:
The several persons whose names are
hereunto subscribed, who declared that
availng themselves of the laws ana con
stitution of the State OF Louisiana, reIa,
tive to the formation of corporation, ana
especially of Act 267 of 1gl4 ana the
amendments thereof they do hereby form
themselves, their associates ana success
sors into a corporation under the follow
ing terms and conditions. which they
hereby adopt as their articles or lncor-
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 LOT
| ninety-nine (99) years from and after tins
date unless sooner dissolved; its domiclle
shall be in the City of New Orleans. state
of Louisiana, and citation and all legal
process shall be served upon the Presl-
dent or in his absence, upon the Secre-
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 it. are hereby declared to be: To
own and operate aerOplanes ana hydro-
aeroplanes for commercial purposes; TO en-
gage in aerial transportation, sight seeing :
newspaper, mail and express delivery 10
engage in aerial advertising photography
and mapping: to 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; to make and
use corporate seal, and the same 10
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
asts of the said corporation may require
to establish such bylaws, rules and regu-
lations for the proper management or the
affairs of this corporation. as may be
: necessary and proper, the same to alter at
pleasure, and generally to 30 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
4 all powers conferred on corporations by
Act 26I of 1914 or the amendments hereof
ARTICLE III.-The capital stock of this
! corporation is hereby nxed at the sum OF
, Ten Thousand Dollars (S10OOO.OO), all OF
! ! which shall be common stock. Said stock
shall be represented by four hundred (4O0)
lars (S2500) each. The capital stock OF
, the corporation may be increased to fifty
thousand dollars $50 OOOOO).
ARTICLE Iv.-An of the corporate
: powers of this corporation shall vest ir
: and be exercised by Board of Directors
composed Of not less than five (5l MOI
: more than fifteen Q5) stockholders of thi,
{ corporation. The present enumber shall
/ be five 90. This number may be in
= creased by a majority vote Of the capita
y | 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 meetins
shall be given to each stakeholder at leas
fifteen 15l days prior TO such meeting
: in written or printed notice, either de
o livered personally or by depositing sale
a notice in the postoffice, properly addressed
Q to the last known address Of each stock
k holder. as shown by the books of the cor
q pOration. at least fifteen (15) days befor
: such meeting, with postage prepaid.
The first Board of Directors of this cor
e poration is hereby declared to be com
d posed Of the following stockholders:
3 Ashton Hayward, 500 Common street
IL New Orleans. La: John Dymond, Jr., 100
< Maison Blanche Bldg, New Orleans, La.
Re Chas. T. Madison. Iio3 Canal Commercia
Bldg, New Orleans. La; w. 8. II. Bear
n so Union Street, New Orleans, La; Ray
n mond p. Applegate, III Iberville St, Ne,
3 Orleans, La; and they shall hold thei
l. office until the third Monday of Februar,
h 1922 and until their successors are electe
d and qualified. The Board of Directors Q
II this corporation shall Immediately afte
p their election and qualification for offic
TO elect from their number a President, an
d Vice-President, and they shall elect
81 Secretary and Treasurer who need not
n members of the Board of Directors. TIL
v, President shall be General Manager of tn
in corporation.
The first President of this corporatio
A. is hereby declared to be Raymond p. Al
A. plegate: the first vice-President is hereb
RS declared to be John Dymond, Jr. the frs
rs Secretary of this corporation is hereby d,
k clared to be Francis l.. White; the fir.
k Treasurer Of this corporation is hereb
Of declared to be William H. Morgan, VIII
ne shall hold their Offices until the third MOI
d. day OF February, 1922, and until their su,
n cessors are elected and qualified, except III
of Office of Treasurer and Secretary, whic
I'd snail shall be removable at the pleasure Of II
e. directors or officers on the date herei
is stated shall not affect the legality of tn
IL corporation or the acts Of the corporal
a onicers, and such officers shall continr
n to act until their successors are electe
be and qualified at a meeting to be special
In called after notice as hereinabove provide
i'd Zach stockholder shall be entitled to OF
"a vote for each share of stock appearing
id his name on the books Of the corporatio
n and there shall be no cumulative votin
k The directors Of this corporation shall
Is pe1nt.ed 70 execute, In writing, the
III SAID absent director at any meeting of Il
he Board Of Directors Of the CORPORATION.
IT. ARTICLE v-No stakeholder shall ey
n be held liable or responsible for the CO..
on tracts or faults of this corporation in ar
all further sum than the unpaid portion
on ms subscribed stock, nor shall any me
er lnformality In organization have the effe
ny OF rendering this charter null or exposir
re- stockholder to any liability other thu
as above provided.
nf ARTICLE VI.-This charter may
W amended. the capital stock increased
Ir. decreased, or this corporation dissolved
accordance with the provisions of Act 2
a OF the Legislature Of the State Of Loui.
oh ana for the year 1914, and any amendme
sn thereto.
INT Thus done and passed, at my notari
all Office, at New Orleans, La, In the DIR,
all ence OF A. Gifen Levy and Gertrude
all wood, competent witnesses. on the d
and date hereinabove written. after d
,,a reading OF the whole, the subscribers
oh this corporation hereby affixing after tn.
we names the amount Of stock respective
subscribed for by each of them, ami tn
>. hereby declare this to constitute tn
me stock subscription list:
John Dymond, Jr., 1907 Maison Blanc
Bldg, New Orleans, La. ten (10) share
N. William s. r. Beane, S2z Union ST. N
ber Orleans, La, eight (s) shares; w. II. NJ
"a. gan, S241 Birch st., one "a share; X.
md Applegate, III IbervilIe St.. ten G