Arizona republican., 1902-11-14
ARTICLES OF INCORPORATION
 OF THE MEXICAN AERIAL NAVIGATION
 COMPANY.

signed. nave llllS udS NbluilNsN4 ny sbs'so ciated ourselves together for the pur- pose O; forming a corporation under the laws of the Territory of Arizona. United States of America, and do here by certify as fellows:
 ARTICLE I.
 The name of said corporation shall be the MEXICAN AERIAL NANlGA- TION COMPANY, and its principal place of trausacting business shall be at Phoenix Maricopa County, Arizona, with a branch oihce at the City of Mexico. Republic of Mexico. and at such other places as may be deter mined by the Board of Directors.
 The names of of the incorporators of said corporation are: Charles Stanley. $. |. Jacobs. C. F. Clark and John Steiner.
 ARTICLE II.
 The general nature oi the business proposed to be transacted by this cor poration is as follows, viz: To manu- fracture. build. construct operate for all purposes whatever, lease, hire, sell and transfer air ships wherever the same may be lawfully done by said corpora ton; to buy. sell. own, handle and control letters patent and inventions; to buy. sell. lease, let, own, hold, inn prove, mortgage, possess and dispose of real estate; to borrow money, and, in general to do all things necessary or convenient to the proper conduct of the business of such corporation.
 ARTICLE III.
 Among the powers of this corpora ton shall be: To have perpetual sue cession: to sue and be sued by its cor porate name; to have a common seal; to prescribe the mode of making trans fers of stock or interests of it's stock holders: to make contracts; to acquire and transfer property Of every kind and description, both real and per sonal: and to possess the same pow CTS in such respects as private indi- viduals now enjoy; and to establish bylaws and make rules and regula- tions deemed expedient for the man. agement of it's affairs.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Five Hundred Thousand Dollars (S5O0, ,COO.OO), divided into Five Hundred Thousand (50D 000) shares. of the par value of One Dollar ($1.O0) each, fully paid up and forever nJn-assessable.
 ARTICLE V.
  this corporation shall be the date Of the filing Of these Articles of Incorpo- ation in the office O; the Secretary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall be conducted by a Board of seven @ Directors, who shall be elected annu- ally by the stockholders of the corpora tion: but the members of said Board of Directors for the first year shall be chosen by said incCrporators or their duly appointed proxies at a meeting to be held at said City of Mexico after the completion of this incorporation. and such members so chosen shall con- tinue to act until their successors shall be duly elected at the first annual meeting Of stockholders. to be held on the first Monday of December, 1903. The annual meeting Oi the stockholders for the election of Directors, and other lawful purposes, shall be held on the first Monday of December, beginning in the year 1903. and of each year there after. The term of office of Directors shall be one year and until their sue cessors are duly elected. Any Director or officer of the corporation may resign  the company q notice of such resigna tiOn., All vacancies in the office of Di- rector shall be filled by appointment made by vote of a majority Of the re maining Directors. and such appOintee shall hold said office until the next election of Directors and until his sue cessor shall be elected. The Board Cf Directors may adopt bylaws for this corporation.
 ARTICLE VII.
 The highest amount of indebtedness or liability. direct or contingent. to which this corporation shall subject itself at any time, is Three Hundred Thousand Dollars (S300, ,00000).
 ARTICLE VIII.
 The private property or the stock holders of this corporation shall be exempt from all corporate debts or liability therefor.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this 10th day of November, A. D., 1902.
 CHARLES STANLEY (SaaD
 s. I. JACOBS (SeaD
 C. F. CLARK (SeaD
 JOHN STEINER (SeaD State of California,
 City and County of San Francisco, ss. On this 10th day of November, A. b. 1902, before me- R. B. Treat, a Notary Public in and for said City and County of Sac Francisco, State of California, residing therein. duly commissioned 0nd sworn, personally appeared Charles Stanley, s. I. Jacobs. C. F. Clark and John Steiner, known to me to be the persons described in, whose names are subscribed to, and who executed the annexed instrument. and they ac- knOwledged to me that they executed the same for the purposes and consid- erations therein expressed.
 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said City and County and State, the day and year last above written.
 R. F. TREAT.
 Notary Public. My. commission expires January 3d, 1904.
 Territory of Arizona.
 County of MaricCpa, ss.
 I. B. F. McFall, County Recorder in and for the County and Territory