The herald., 1921-04-07

II, y.
mann. Notary Public. in and for the |
above named parish and state. duly com !
mSsioned and qualified, and in the pres
cnce of the witnesses hereinafter named
and undersigned. personally came and
appeared:
hereuntO subscribed. who declared that.
awaiting themselves of the laws and con
StitutiOn of the State of Louisiana, rela-
tive to the formation of corporation. and
especially of Act 261 of 1914. and the
amendments thereof. they do hereby form
themselves. their associates and success
Sors into a corporation under the follow
ing terms and conditions. which they
hereby adopt as their articles of 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 il shall have corporate existence for
ninety nine 500 years from and after this
date. unless sooner dissolved; its dOmicilc
shall be in the City of New Orleans State
of Louisiana. and citation and all legal
process shall be served upon the PrrSi-
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 he: To
own and operate aeroplaneS and hydro
aerOplanrS for commercial purposes: To en-
gage in aerial transportation, sightseeing,
newspaper. mail and express delivery; to
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 Il 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; to
! issue stocks and bond therefor; to borrow
money and to issue nOc"S 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 nj
/ pleasure. and generally to 60 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 26I of 1914, or the amendments hereof.
ARTICLE III.-The capital stock of this
corporation is hereby flXe- at the sum of
Ten Thousand Dollars CSl0.OOO.OO), all of
| which shall be common stock. Said stock
| shall be represented by four hundred (40Ol
shares of par value Of twenty-five dol
lars $4,000 each. The capital stock of
the corporation may be increased to fifty
|
! ARTICLE IV.-All of the corporate
powers of this corporation shall vest il
and be exercised by Board of Directors
composed of not less than five 90 moi
more than fifteen 10 stockholders of thi
corporation. The present number shall
be five 90. This number may be in
creased by majority vote of the capita
stock ut any called or special meeting
These directors shall be elected at meet
ing of the stockholders held for that pur
Of a iail nf no Al
the third Monday in February of eac
year, beginning with the third Monday 4
February. 1922 notice of which meeting
shall be given to each stakeholder at leas
fifteen Q5) days prior to such meeting
in a written or printed notice, either de
, livered personally or by depositing sal
notice in the postOffice, properly addresse
> to the last known address of each stock
( holder, as shown by the books of the COZ
p pOration, at least fifteen 1j) days befor
= such meeting, with postage prepaid.
The first Board of Directors of this cor
e pOration is hereby declared to be con
l posed of the following stockholders:
: Ashton Hayward, S26 Common stree
> New Orleans, La: John DymOnd. Jr., Joe
q MaisOn Blanche Bldg, New Orleans, La
Chas. 7. Madison, 1903 Canal Commerce;
Bldg, New Orleans, La. W. s. II. Beal
\ SD Union Street, New Orleans. La; Ray
r mond Z. Applegate, III Iberville ST., Me-
: Orleans, La; and they shall hold the
! office until the third Monday of Februar.
D 1922, aud until their successors are electe
q and qualified. The Board of Directors
II this corporation shall Immediately aft,
= their election and qualification for Off,
O elect from their number President. an
d a Vice-President, and they shall elect
y Secretary and Treasurer who need not
l. members of the Board of Directors. I'll
:, President shall be General Manager Of Il
N corporation.
The first President of this corporate
l. is hereby declared to be Raymond +. A
/ plegate; the first Vice-President is heret
IS declared to be John Dymond, Jr.; the fir
Is Secretary of this corporation is hereby d
( clared to be Francis l.. White; the fir
(. Treasurer of this corporation is heret
Df declared to be William ii. Morgan, WI
le shall hold their offices until the third Mo
l. day Of February, 1922. and until their su
r, cessOrS are elected and qualified, except q
Df Office of Treasurer and Secretary, whi'
ID shall be removable at the pleasure of q
to Board of Directors. a failure to Gle
O. directors or officers on the date here
is stated shall not affect the legality of I'll
Il corporation or the acts of the corpora
a. officers, and such officers shall cOntin
n to act until their successors are elect
be and qualified at a meeting to be special
In called after notice as hereinabOve provide
i'd Each stakeholder shall be entitled to o
a vote for each share of stock appearing
id his name on the books of the corporate
n and there shall be no cumulative vOtir
X The directors of this corporation shall
is permitted to execute, in writing. thu
proxy to any other stakeholder to act
III said absent director at any meeting of
he Board of Directors of the corDoratiOn.
'r- ARTICLE y-No stakeholder shall Q,
m be held liable or responsible for the &C
on tracts or faults of this corporation in a
all further sum than the unpaid portion
on his subscribed stock, nor shall any M
Ter informality in organization have the eff
ny of rendering this charter null or eXposl
re- a stakeholder to any liability other tn
as above provided.
IN ARTICLE VI-This charter may
OF amended, the capital stock increased
Dr- decreas ed, or this corporation dissolved
Dr- accordance with the provisions OF Act
a.; of the Legislature of the State OF Lou
a.; ana for the year 1914, and any amendm
gh thereto.
al, Thus done and passed, at my notal
III Office, at New Orleans, La, in the pl
an an ence Of A. Giffen Levy End Gertrude
CT Wood, competent witnesses. on the
" and date hereinabove written, after
ola reading Of the whole, the subscribers
~ this corporation hereby affixing after Il
III on, names the amount of stock respecti'
ave subscribed for by each of them, AMI /
=, hereby declare this to constitute q
the stock subscription list:
VII John Dymond, Jr., 1907 Maison Blar
, Bldg, New Orleans, La. ten (1O) sha
an William s. X. Beane. So Union St,
b. Orleans. La, eight (S) shares; w. III.
20 gan. S2i1 Birch St., one ~ share; Il
ia Apologize. III IbervilIe ST., ten
, rra shares: Chas. T. Madison, 5216 Pitt
~ five IN shares. A A Harmpyer 500