Arizona republican., 1902-11-15
ARTICLES OF INCORPORATION
 OF THE MEXICAN AERIAL NAVIGATION
 COMPANY.

PRESENTS: That we, the under signed, have this day voluntarily asso- ciated ourselves together for the pur- pose oi forming a corporation under the laws of the Territory of Arizona, United States of America, and do here by certify as follows:
 ARTICLE I.
 The name of said corporation shall be the MEXICAN AERIAL NAVIGA- TION COMPANY, and it's principal place of transacting business shall be at Phoenix, Maricopa County, Arizona, with a branch office 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, S. I. Jacobs, c. E. Clark and John Steiner.
 ARTICLE 1T.
 The general nature of the business proposed to be transacted by this cor poration is as follows, viz: To manu- facture, build, construct, operate for all purposes whatever, lease, hire, sell and transfer air ships wherever the same may be lawfully done by said corpora tion; 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 tiOn 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 expedent for the man agement of it's affairs.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Five Hundred Thousand Dollars $500 OO0.0O). divided into Five Hundred Thousand (500, ,000) shares, of the par value of One Dollar ($1.00) each, fully paid up and forever non -assessable.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date O. the filing of these Articles of Incorpo- ration in the office of 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 CD Directors, who shall be elected annu- T. tion; but the members of said Board of Directors for the first year shall be chosen by said incorporators 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 of 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 his office by filing, with the Secretary of the company. a 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 of 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 ($3OO, ,O0O.OO.
 ARTICLE VIII
 The private property of 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 (SeaD
 s. I. JACOBS (SeaD
 c. E. CLARK (SeaD
 JOHN STEINER (SeaD State of California,
 City and County Of San Francisco, ss. On this 10th day of November, A. D. 1902, before me, R. B. Treat, a Notary Public in and for said City and County of San Francisco. State of California, residing therein, duly commissioned and sworn, personally appeared Charles Stanley. s. I. Jacobs, C. E. 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 ant year last above written.
 R. F. TREAT.
 Notary Public My commission expires January 3d 1904
 Territory of Arizona,
 County of Maricopa, ss.
 I, B. F. McFall, County Recorder il