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

sTtTF h OF LOUISIANA. PARISH OF !
ORLEANS. CITY OF NEW ORLEANS
Re il known that on this 18th day 81 |
March, 1921. before me: rudolph % fo Ne IN
above named parish and state. duly com
missioned and qualified. ana IN the pres
rnce of the witnesses hereinafter haHleu
and undersigned. personally came ana
appeared:
The several persons whose names are
hereunto subscribed, who declared that.
avaiIing themselves of the laws ana con
stitutiOn of the State et LOUISIANA rtIa
tive to the formation of corporation; anu
esppcially of Act 267 of 1914, and the
amendments thereof, they do hereby form
themselves, their associates ana success
sors into a corporation under me ioi!pW
ing terms and conditions. which they
hereby adopt as their articles OF lhcor-
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 iof
ninety nine 800 years from and after TINS
| 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 Presi-
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 il, 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 aeronautlcal
instruction.
The said corporation shall have power
to contract. sue and be sued; to make ana
fhn
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; 10 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-
l2tiOnS 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 DO 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 267 of 1914. or the amendments hereof.
ARTICLE III.-The capital stock of this
corporation is hereby 1Xe0 at the sum of
Ten Thousand Dollars (s10.0O0.O0), all of
which shall be common stock. Said stock
shall be represented by four hundred (4O0)
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 ($50,OOO.OO).
ARTICLE Iv.-All of the corporate
powers of this corporation shall vest in
and be exercised by a Board Of Directors,
composed of not less than five (5) nor
, more than fifteen Q5) stockholders of this
corporation. The present number shall
be five 90. This number may be in
, creased by majority vote of the capital
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 stakeholder at least
fifteen Q5) days prior to such meeting
: in written or printed notice. either de-
0 livered personally or by depositing said
a notice in the postoffice. properly addressed
e to the last known address of each stock
k holder, as shown by the books of the cor
q poration, at least fifteen Q5 days before
: 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:
Ashton Hayward. 500 Common street
Z New Orleans. La; John Dymond, Jr., 100
< Maison Blanche Bldg. New Orleans, La
Bldg, New Orleans. La; W. s. r. Bean
n SD Union Street, New Orleans. La; Ray
r mond p. Applegate, III Iberville ST., New
J. Orleans, La: and they shall hold thei
i office until the third Monday of February
h 1922. and until their successors are elected
d and qualified The Board of Directors o
II this corporation shall Immediately afte
! their election and qualification for offic
o elect from their number President, an,
d VicePresident, and they shall elect
y Secretary and Treasurer who need not b
A. members of the Board of Directors. TIL
v. President shall be General Manager Of tn
m corporation.
The first President of this corporatio
l. is hereby declared to be Raymond p. AI
4 plegate; the first Vice-President is hereb
RS declared to be John Dymond, Jr.; the frs
rs Secretary of this corporation is hereby de
k clared to be Francis l.. White; the frs
k Treasurer of this corporation is hereb
Of declared to be William II. Morgan, VIII
1e shall hold their offices until the third Nor
A. day OF February, 1922. and until their sue
n cessors are elected and qualified, except III
of Office of Treasurer and Secretary. whic
ad shall be removable at the pleasure of tn
to Board of Directors. A failure to Gle,
g directors or officers on the date herei
is stated shall not affect the legality of TIL
IL corporation or the acts of the corporal
A. onlcers, and such officers shall continu
n to act until their successors are electq
be and qualified at a meeting to be special
In called after notice as hereinabove provide,
i'd hach stockholder shall be entitled to OF
IA vote Tor each share of stock appearing
i'd ms name on the books of the corporation
m and there shall be no cumulative yotin
k me directors OF this corporation shall
is permitted to execute, in writing the
proxy to any other stakeholder to act (,
al SAID absent director at any meeting of Il
~ III Board of Directors of the corDoration
,r- ARTICLE V.-No stakeholder shall ey
IN De held liable or responsible for the COZ
on tracts or faults of this corporation i'm ar
all further sum than the unpaid portion
on ms subscribed stock, nor shall any me
ter lnformality in organization have the effe
ny OF rendering this charter null or exposir
re- stakeholder to any liability other tn.
as above provided.
~ ARTICLE VI-This charter NAV
A.. amended. the capital stock increased
n decreased, or this corporation dissolved
- accordance with the provisions of Act .
a. of the Legislature of the State of Loui,
Oh Oh ana for the year 1914, and any amendme
g h thereto.
,ht Thus done and passed, at my notar
all Office, at New Orleans, La in the DR.,
all ence OF A. Giffen Levy End Gertrude
all Wood, competent witnesses on the d
and date hereinabove written, after d
ii, reading of the whole, the subscribers
o ~, this corporation hereby affixing after tn,
~ names the amount of stock respective
ave subscribed for by each of them, AMI tn
hereby declare this to constitute tn
the stock subscription list:
eir John Dymond, Jr 1907 Maison Blanc
, Bldg, New Orleans, La. ten (10) shar