The Arizona sentinel., 1902-08-13
ARTICLES OF INCORPORATION
 OF THE Hubbard Airship Company

Know all men by these presents; That we, the undersigned have this day voluntarily associated ourselves together for the purpose of forming corporation under the laws Of the Territory of Arizona; and We hereby certify,
 FirSt.-That the name of said corporation shall be the Hubbard Airship Company
 Second.-That the names of the incorpora- tors A. F. Hubbard, S. A. Hubbard, H. H. Carpenter, F. H. Smith and T. c. Still.
 Third.-That the general nature of business proposed to be transacted and the purposes for which said corporation is formed are: To buy, sell, own and lease patents, patent rights and inventions on airships and flying machines or pertaining to the same, to borrow money and to buy sell, build manufacture, construct, equip and navigate airShips and flying machines, to perfect the same and to do any and all things and engage in any and all business necessary or useful to the principal purposes of the corporation.
 Fourth.-That the principal place of trans acting the business of said corporation shall be at Yuma, in Yuma County, Territory of Ari- zona, with a branch office at the City of San Luis Obispo, in the County of San Luis Obispo, State of California, and with other branch offices at such other places as the Board l and that all directors and stockholders meet ingS annual or otherwise may be held at said City of San Luis Obispo. in said County of San Luis Obispo, State of California or at such other place or places as may be designated and determined on by the Board of Directors of said corporation.
 Fifth.-That the term for which said corpor- ation is to exist is twenty-five years from and +1,o Sixth.-That the private property of the stockholders of said corporation shall not be | liable for the corporate indebtedness.
 Seventh-That the highest amount of in debtedneSs and liability, direct or contingent which said corporation is at any time to sub 1 ject itself to, is the sum of SlO,0O0O0
 Eighth.-That no assessment shall be levied or charged against the stock of said corpor- ation for any purpose whatever Ninth.-That payment shall be made inn mediately for all stock subscribed and stock to be issued from time to time in payment for patents patent rights. and inventions, or other property real and personal, for incorporating and other expenses.
 Tenth.-That the business and affairs of said corporation shall be conducted by q Board of l Directors, consisting of five stockholders of said corporation. to be elected on the first Mon day of May of each year, and to serve for the period of one year thereafter, and until their successors are elected. and the officers of said corporation shall be a president, lvicc- president secretary and treasurer, all to be elected by the Board of Directors, and the names and residences of the direc- tors of said corporation who are appointed for the first year and to serve until the election of their successors are as follows towit:
 Names Residences A. F. Hubbard, Simmler, San Luis Obispo | County, California
 s. A. Hubbard, Simmler, San Luis Obispo County, California
 1 H. H. Carpenter. San Luis ObiSpO, San Louis | ObiSpo County, California. F. H. Smith. Santa Margarita, San Luis ObiS-
 DO County, California.
 T.. c. Still La PanZa, San Luis Obispo County,
 California.
 Eleventh.-That the amount of the capital stock of said corporation is one hundred thouS- | and (S100, 100000 dollars and the number of shares into which it is divided iS one hundred thousand of the par value of one dollar each
 TWelfth.-That the amount of said capital stock which has been actually subscribed. Is twenty-five (S25) dollars, and the following are the names of the persons by whom the same hts been subscribed tO-wit: