Articles of Incorporation – June 17, 1970

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ARTICLES OF INCORPORATION
OF
POMPANO SENIOR SQUADRON FLYING CLUB, INC.

ARTICLE I

The name of the corporation is POMPANO SENIOR SQUADRON FLYING CLUB, INC.

ARTICLE II

The general character of the business to be transacted by this corporation is:

  1. To conduct Civil Air Patrol missions and to [Amended March 5, 2021] own, lease, rent, maintain and operate aircraft for the education, instruction, transportation and general use of the members of the company, as well as their families and such other individuals as may be designated by the Board of Directors in accordance with By-laws duly adopted.
  2. To acquire by purchase, lease, or otherwise, lands and interests in lands, and to own, hold, improve, develop, and manage any real estate so acquired, and to erect, or cause to be erected, on any lands owned, held, or accepted by the corporation, buildings or other structures, public or private, with their appurtenances, and to manage, operate, lease, rent, rebuild, enlarge, alter, or improve any buildings or other structures, now or hereafter erected on any lands so owned, held, or occupied, and to encumber or dispose of any lands, or interests in lands, and any buildings or other structures, at any time owned or held by the corporation; to buy, sell, mortgage, exchange, lease, hold for investment or otherwise, use and operate, real estate of all kinds; improved or unimproved, and any right or interest therein.
  3. To acquire, by purchase, lease, manufacture, or otherwise, any personal property deemed necessary or useful in the equipment, furnishing, improvement, development or management of any property, real or personal, at any time owned, held, or occupied by the corporation, and to invest, trade and deal in any personal property deemed beneficial to the corporation, and to lease, rent, encumber dispose of any personal property at any time owned or held by the corporation.
  4. To contract debts and borrow money, issue and sell or pledge bonds, debentures, notes and other evidences of indebtedness, and execute such mortgages, transfers of corporate property, or other instruments to secure the payment of corporate indebtedness as required.
  5. To purchase the corporate assets of any other corporation and engage in the same or other character of business.
  6. To guarantee, endorse, purchase, hold, sell, transfer, mortgage, pledge or otherwise acquire or dispose of the shares of the capital stock of, or and bonds, securities, or other evidences of indebtedness created by any other corporation of the State of Florida or any other state or government, and while owner of such stock to exercise all the rights, powers and privileges of ownership, including the right to vote such stock.
  7. To enter into, make, perform, and carry out contracts and agreements of every kind, for any lawful purpose, without limit as to amount, with any person, firm, association, or corporation; and to transact any further and other business necessarily connected with the purposes of this corporation, or calculated to facilitate the same.
  8. To carry on any or all of its operations and businesses and to promote its objects within the State of Florida, or elsewhere, without restriction as to place or amount; and to have, use, exercise and enjoy all of the general powers of like corporations.
  9. To do any or all of the things herein set forth to the same extent as natural persons might or could do, and in any part of the world as principals, agents, contractors, or otherwise, alone, or in company with others, and to do and perform all such other things and acts as may be necessary, profitable, or expedient in carrying on any of the business or acts above named.

The intention is that none of the objects and powers as hereinabove set forth, except where otherwise specified in this Article, shall be in anywise limited or restricted by reference to or interference from the terms of any other objects, powers or clauses of this Article or any other Articles; but that the objects and powers specified in each of the clauses in this Article shall be regarded as independent objects and powers.

ARTICLE III

The maximum number of shares of stock that this corporation is authorized to have outstanding at any time is fifty (50) sixteen (16) shares of common stock without nominal or par value per club owned or lease-back airplane. [Amended March 5, 2021] The consideration to be paid for each share shall be fixed by the Board of Directors, and authorized capital stock may be paid for in cash, services, or property, at a just value to be fixed by the Board of Directors of the corporation at any regular or special meeting.

ARTICLE IV

The amount of the capital with which this corporation shall begin business is Five Hundred Dollars ($500.00).

ARTICLE V

The corporation shall have perpetual existence.

ARTICLE VI

The initial post office address of the principal office of this corporation is C/O Sunstream Aviation, Pompano Air Park, Pompano Beach, Florida 33061. The Board of Directors may from time to time designate such other post office address and place for the principal office within the State of Florida of this corporation as it may see fit.

ARTICLE VII

The number of directors of this corporation shall be provided by the By-laws, but shall not be less than three in number nor more than seven; and shall be three in number until otherwise fixed or changed by the By-laws.

ARTICLE VIII

The names and post office addresses of the first Board of Directors who, subject to the provisions of the Articles of Incorporation, the By-laws of this corporation and the laws of Florida, shall hold office for the first year of the corporation’s existence, or until their successors are elected and have qualified, are as follows:

NAME ADDRESS
CHESTER R. GOOD 710 S Ocean Boulevard
Pompano Beach, Florida
ROBERT HUGLI 2946 N. E. 35th Court
Pompano Beach, Florida
WILLIAM N. PASTORE 740 N. E. 24th Street
Pompano Beach, Florida
JAMES CUPP 331 N. W. 36th Street
Pompano Beach, Florida

ARTICLE IX

The name and post office address of each subscriber of these Articles of Incorporation are as follows:

NAME ADDRESS
CHESTER R. GOOD 710 S Ocean Boulevard
Pompano Beach, Florida
ROBERT HUGLI 2946 N. E. 35th Court
Pompano Beach, Florida
WILLIAM N. PASTORE 740 N. E. 24th Street
Pompano Beach, Florida
JAMES CUPP 331 N. W. 36th Street
Pompano Beach, Florida

ARTICLE X

These Articles of Incorporation may be amended in the manner provided by law. Every amendment shall be approved by the Board of Directors, proposed by them to the stockholders, and approved at a stockholders’ meeting by at least a majority of the stock entitled to vote thereon, unless all the directors and all the stockholders sign a written statement manifesting their intention that a certain amendment of these Articles of Incorporation be made.

IN WITNESS WHEREOF, we, the undersigned, being each of the original subscribers to the capital stock hereinbefore named, have hereunto set our hands and Seals, this [17th] day of June 1970, for the. purpose of forming this corporation to do business both within and without the State of Florida and in pursuance with the Corporation Law of the State of Florida, do make and file in the office of the Secretary of State of the State of Florida these Articles of Incorporation, and certify that the facts herein stated are true.

 
[Signed]               

CHESTER R. GOOD
 
[Signed]               

ROBERT HUGLI
 
[Signed]               

WILLIAM N. PASTORE
 
[Signed]               

JAMES CUPP
STATE OF FLORIDA ) ss.
COUNTY OF BROWARD )

Before me personally appeared CHESTER R. GOOD, ROBERT HUGLI, WILLIAM N. PASTORE and JAMES CUPP, to me well known and known to be the individuals described in and who executed the foregoing Articles of Incorporation, and acknowledged before me that they executed the same for the purposes therein expressed.

WITNESS my hand and official seal in the county and state named above, this [17th] day of June, 1970.

 
[Signed]               

ROGER H. HARPER, Notary Public