The herald., 1921-04-14
CHARTER OF GULF AERO TRANS
PORT CO. INC.

IL II.
March, 1921 before me. Rudolph J. Vein
mann "A Notary Public. in and for tn"
above named parish and state duly COM
mSsiOned and qualified. and in the pres
pnce of the Witnesses hereinafter named |
and undersigned. personally came and |
appeared:
The several persons whose names are |
hcreuntO subscribed. who declared that. |
availing themselves of the laws and con- |
stitution of the State Of Louisiana, rcla- |
tive to the formation of corporation. aud
especially of Act pa 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 incor-
poTaiOn, or charter. to VIII:
ARTICLE The name and style of
this corporation shall b" GULF AERO
TRANSPORT co. INC. and under said
name it shall have corporate existence for
ninety mine 800 years from and after this
date. unless sooner dissolved: its domicilr
shall be in the City of New Orleans. State
of Louisiana, and citation and all legal
process shall be served upon the Pre>i-
dent, or. in his absence. upon the ScCrc-
tary of this corporation.
ARTICLE II.-rhe objects aud purposes
| for which this corporation Is formed and
| the nature of the business to b" carried
| on by il, are hereby declared to he: To
| own and operate aeropIancS and hydro
| d'IblildNtS LOT 'OilllltE'ldl luElb>'N' " VII
| gage in aerial transportation. sight seeing;
newspaper, mail and express delivery; 10
engage in aerial advertising photographs
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
| n N nlpuEp
and sell property. real and personal; TO
! issue stocks and bond therefor to borrow
money and to issue nO,cS or bonds there
| for: 10 own stock in other corporations.
! to name and appoint such managers. di-
| rectOrS. officers and agents As the inter
| cSts of the said corporation may require;
| to establish such bylaws, rules and regu-
| latiOnS for the proper mana cement of the
| affairs of this corporation. as may be
| necessary and proper. the same TO alter ut
! pleasure, and generally to 30 and perform
all such acts as may be proper and neces-
| SarV 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 uI-The capital stock of this
corporation is hereby 1Ne5 at the sum of
Ten Thousand Dollars (S1000000l, all of
which shall be common stock. Said stock
shall be represented by four hundred (i0O
shares of par value of twenty-five dol
lars $4,000 each The capital stock of
the corporation may he increased to fifty
thousand dollars (Sj0OOOOO).
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 Gj) stockholders of this
corporation. The present number shall
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 il
February. 1922 notice of which meeting
shall he given to each stakeholder at least
fifteen 10 days prior to such meeting
in written or printed notice, either de
livered personally or by depositng said
notice in the postOffice properly addressed
to the last known address of each stock
, holder, as shown by the books of the cor
: pOration. ut least fifteen C5) 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. S26 Common street
New Orleans, La: John Dymond, Jr. 100
, Maison Blanche Bldg, New Orleans. La
Chas. T. Madison. 1903 Canal Commercial
Bldg. New Orleans, La; W. S. II. Bean
, SD Union Street. New Orleans, La; Ray
r mOnd +. Apologize, III Iberville St, New
4 orleans, La, ana tneN snail nOiu IHel
office until the third Monday of February
, 1922, and until their successors are elected
and qualified. The Board of Directors o
! this corporation shall Immediately afte
their election and qualification for offic
, ! elect from their number n President. an,
l | a Vice President, and they shall elect
! Secretary and Treasurer who need not b
. members of the Board of Directors. TIL
President shall be General Manager of tn
n corporation.
h., tirSf Of his fin
: is hereby declared to be Raymond p. Az
: plegate; the first President is hereb
8 declared to be John DymOnd, Jr.; the frs
8 Secretary of this corporation is hereby de
:, clared to be Francis l.. White; the hrS
?, Treasurer Of this corporation is hereb
n declared to be William ii. Morgan. VIII
% shall hold their offices until the third MOI
l. day of February. 1922. and until their sue
p cessors are elected and qualified, except tn
n Office of Treasurer and Secretary, whic
"A shall be removable at the pleasure of I'll
to | Board of Directors. failure to ele'
~ directors or officers on the date here
10 stated shall not affect the legality of tn
T. corporation or the acts of the corpora
a officers, and such officers shall continl
n to act until their successors are elect,
he and qualified at meeting to be special
Tn called after notice as herenabOve provide
III Each stakeholder shall he entitled to o.
o. | vote for each share of stock appearing
ia his name on the books of the corporate
IN. and there shall be no cumulative votin
l. The directors of this corporation shall
Is permitted to execute, in writing. th'
proxy to any other stakeholder to act
=, said absent director at any meeting of
AZ Board of Directors of the CORPORATION.
or ARTICLE V.-No stakeholder shall e'
IN be held liable or responsible for the 90
on tracts or faults of this corporation in a
all further sum than the unpaid portion
ion his subscribed stock, nor shall any m
ter informality in organization have the Ell
my of rendering this charter null or expos
re- a stakeholder to any liability other Il
as above provided.
on ARTICLE VI.-Ths charter may
Oh amended the capital stock increased
NJ decrea sed or this corporation dissolved
VT accordance with the provisions OF Act
"a of the Legislature of the State OF Lou
"a, ana for the year 1914, and any amendm
Tii thereto.
acht Thus done and passed, at my nota
hail office, at New Orleans, La, In the =
hall ence of A. Giffen Levy -nd Gertrude
hall Wood, competent witnesses. on the
and date hereinabove written, after
-, | reading of the whole, the subscriber:
io ,I this corporation hereby affixing after I
TIL, names the amount of stock respecti
nave subscribed for by each of them. AMI
hereby declare this to constitute
the stock subscription list:
,her John Dymond. Jr.. 1907 Maison Bla
~ Bldg, New Orleans, La, ten (1O) sh;
~ William S. II. Beane. So Union ST.
oP Orleans. La. eight ~ shares: W. H.
noer gan. S241 Birch ST., one ~ share; ]
'ora OH Applegate. III Iberville St, ten
anu shares: Chas. T. Madison, 5216 Pitt
se.,e five (5O shares: A. A. Harmeyer, $40