Arizona republican., 1916-12-06


 Attest.
 Amos A. Retts Secretary
 KNOW ALL MEN BY THESE PRESENTS, that we. the undersigned. havin- associated ourselves for the purpose of forming corporation under the laws Of Arizona, do hereby adopt the following articles of incorpora tion:
 ARTICLE I. The incorporators are. Robert r. Daniels. whose post office address is Washington. D C.. David <. Rose whose post office address IS Washington. D- C.. and r. r. Murphy whose post office address .s Washing ton. D C.. and the name of the cor poration shaA be CHINESE AMERl- CAN NAVIGATION COMPANY. Its principal place -of business within Ari- zona will be at Phoenix. Marcopa County. Arizona. bui other offices may be established and maintained within or outside of Arizona al such places az lhe Board nf Directors may designate where meetings of stockholders and the Board of directors may be held and any and all corporate business tram sacted
 ARTICLE II The general nature of the buAness proposed tu be transacted
 
 lease charter. purchase or sell. and to operate sailing vessels steamships steamboats motor ships. tug boats ,cndert barges. launches. and all other description of water craft on the high seas and all the oceans of the earth. in- cluding all passages between oceans and seas whether provided by nature or coustryctcd by man. 10 use and operate siich water craft thereon aux Hilary to any of the. objects or purposes of this corporation. or for the carriage of freight and passengers for hire operating direct or under lease or charter tD other persons. corporations pr communities. and to that end Co ex; erclse all the rights and privileges and to be subj iect to all liabilities of com mon carrier. and to lease. purchase, build. own erect. acquire, operate and use any and all docks. wharyes. ware houses and everything whatsoever Necessary. proper or convenient to the carrying on of the said business and tt do any and all things usually belonging or incident to the carrying on of the transportation business by water craft of all kinds
 To own and control letters patent and inventions. and shares. of its own capl- tai stock and that of other corporations. and tu vote any shares of stock of other corporations owned by !; the same as any person might do: Co bor- row money and to issue bonds. notes. debenfures. mortgages. and other evil deuces of indebtedness and secure pay ment of the same by deeds Of trust. or otherwise. as may be convenient or proper. anu in general Co do and per safs h sact such business ifr connection with the foregoing business not inconsistent with law in any part of the world. as the Board of Directors may deem 70 be to the advantage of the corporation
 ARTICLE IT. The amount of the capital stock. authorized. of this cor poration is ten millions dollars. gold. (S1G.0 .o00-00)- divided into one hun dred thousand D00O00) shares of the par value of one hundred dollars ($10000). each. and the said author ized capital stock is hereby classified and Is divided nto two classes. as fol- low&
 Five millions dollars. ($5.000. GOO 00l of said authorized capital stock. divided into fifty thousand 0000) shares of the par value of one hundred dollars. (slO0.00J. shall be the Preferred Stock and shall constitute one class and shall enjoy and be entitled to the preferences but be at all times subject to the terms and conditions hereinafter expressed. and
 Five millions dollars ($5.00O, ,000.00) of said authorized capital stock, di- vided into fifty thousand (50,000) shares, of the par value Of one hundred dollars $lO0.00). each, shall be com mon stock, and shall constitute tho second class
 All of the aforesaid preferred Stock shall enjoy and be entitled to the fol l- lowing preferences:
 l. To have, receive and be paid, (out of the profits of the business of said corporation properly and legally ap- plicable 10 the payment of dividends) annual dividends of seven per centum C7lt) upon the par value of all such preferred stock outstanding for the time being
 2 To have all unpaid annual divi- dends accumulate until paid Tho common stock shall mol be entitled tc be paid any dividend in and for any | year until all earned dividends upor said Preferred Stock shall have beer paid; but. after payment of the divi- ! dend upon the Preferred Stock, and all accumulations ID 10 any time. tho balance of the profits then remaining