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ANNUAL MEETING OF STOCKHOLDERS OF COLONIAL AIRLINES, INC. HELD AT THE OFFICE OF THE CORPORTATION, 100 WEST TENTH STREET, WILMINGTON, DELAWARE, ON WEDNESDAY, APRIL 20, 1955, AT 10:00 )'CLOCK A.M., EASTERN STANDARD TIME.

PRESENT:
BRANCH T. DYKES, President of the Corporation, Chairman of the Meeting
EDMOND M. HANRAHAN, Chairman of the Board, Counsel for the Corporation
L. Orville CAMERON, Vice President-Secretary, Secretary of the Meeting
THOMAS J. DUNNION, Vice President
DANIEL S. DUNN, Assistant Secretary
EDWARD S. SILLIERE, ESQ. Attorney for Stockholder
GEORGE J. SOLOMON, ROBERT B. SILVER, and STANLEY HELLER, Colonial Employees Mutual Fund.

DR. F.A. MOSS, LEWIS E. WHITAKER, JR., S.C. BARNITT, JR., ALDO VERRENA, C.W. HUGHES, GEORGE L. COHEN, NORMAN D. MACDONALD, R.G. MURDOCH, P. TIMMERMAN, C.H. ESTABROOK, LOUIS KURLAND, JOSEPH SHIELDS, PALMER L. SKOGLUND, Stockholders,

And others.THE CHAIRMAN: The Colonial Airlines Annual Stockholders Meeting will come to order. 

Mr. Cameron, the Secretary of the Corporation will act as Secretary of the meeting. The Secretary will present the 

Notice of Meeting and Affidavit of Mailing of Notice to each stockholder on record. 

(The Secretary presented the Notice of Meeting and the Affidavit of Mailing thereof.)

SECRETARY CAMERON: I have here a certified list of the stockholders of record which I am now presenting to the meeting, and that list is the stockholders of record as of the close of business on April 6, 1955. This list has been on file in the offices of the Corporation for more than ten days as required by Deleware law.

By action of the Board of Directors of Coloial Airlines, Inc., Mr. L.E. Gray and Mr. W.J. Lenz have been appointed Judges and Inspectors of Election, and Mr. Atwell has been designated as an alternate in case either does not serve.

There are a total of 520,600 shares of stock entitled to vote at the meeting and, as I pointed out before, in the notice it requires a majority of the 520,600 to act upon the proposed sale of assets. other matters require merely a majority of those voting.

The notice which I read just a moment ago and proxy material have been mailed to all stockholders.

THE CHAIRMAN: The Judges and Inspectors will execute their oath to faithfully perform their duties.

MR. GRAY: Yes, and they are being notarized now.

(The Judges and Inspectors executed their oath.)

THE CHAIRMAN: Then there is a quorum present.

The list of the holders of Common Stock of this Corporation certified by the Transfer Agent and presented to the meeting will be initialed by the Secretary and filed with the records of the Corporation.
The Chair will now entertain a motion that the reading of the minutes of the last meeting of the stockholders, held on April 21st, 1954, will be dispensed with.

MR DUNN: I so move.

MR. SILLIERE: I second the motion.

THE CHAIRMAN: Any objection to that?
(No response)

THE CHAIRMAN: It is so ordered.

The Chair will now entertain a motion that the reading of the Annual Report be dispensed with.

MR. SILLIERE: I so move.

MR. DUNN: I second the motion.

THE CHAIRMAN: Any objection?
(No response)

THE CHAIRMAN: It is so ordered.

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