A gift of a charitable nature

October 13, 2010.

Jones called the Meeting of the Sheldon Jones Panama Foundation to order. For the first order of business, we have to acknowledge a gift from me to the foundation of $50 Million in appreciated stock in Jones Realty REIT. The next order of business is to name an executive director. I nominate Lupe Cordero to serve as Executive Director. A vote was taken and the Board appointed Lupe as Executive Director and set his salary at $200,000 per year.

October 13, 2010.

Jones met with the attorney to go over the terms of his will. The will would leave $100 Million to the Panama Foundation the rest in a Dynasty Trust to his children and their descendants. His attorney scratched it out quickly. Jones signed it with all the formality even teasing the lawyer when the lawyer asked if he was of sound mind. The witnesses laughed.

November 1, 2010

Barry Obramowitz of the NTSB checked the fusilage of the plane and then the engine. He checked the wires. Barry was a no nonsense, “Joe Friday” sort of fellow. “Man, its getting chilly”, he thought. Not a large man, he didn’t have much meat on his bones and shivered on the early November morning. He found nothing was cut and no evidence foul play. He noticed that the fuel line had a crack in it. He listened again to the black box recording. A loss in fuel would not have explained the pilot’s blackout. That would usually only be explained by a loss of cabin pressure. But perhaps, the loss of fuel caused the air system to fail thus trapping the occupants of the plane in their own carbon dioxide. A real stumper here. With the plane in shreds it was hard to determine whether there was a carbon dioxide leak or even a carbon monoxide leak.

He checked all the gauges, the dials, the black box, he cut open parts of the plane that were sealed to find anything about what was inside the plane as far as the loss of consciousness was concerned.

His cell phone rang, it was the local hospital. The pilot had been brought in with lacerations and a sprained ankle.

He went to Piney Point Hospital and met with the pilot, Mick O’Hara. O’Hara told him that fuel gauge nose dived, then suddenly, the plane engines cut out and that CO must have been leaking into the passenger section because Jones was out cold or perhaps the O2 was lacking. He tried to awaken him, but he didn’t respond. He weighed too much to get a chute on him and time was running out for O’Hara to jump. So O’Hara jumped out. Barry wrote that down in his notebook. Thanked O’Hara and told O’Hara that he would probably have to have a hearing before the FAA before flying again. Usually the FAA grounds pilots when their planes fall out of the sky. The Pilot didn’t care, he was on salary to the Jones REIT at $100,000 per year whether he flew or not for the next five years. He figured that he was due for a vacation anyway.

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