Arizona republican., 1916-12-07

CHlNESE-AM ERICAN NANlGATION
 COMPANY
 which were filed in the office of said Arizona Corporation Commission on the lst day of December A. D. 1916. at 10:00 o'clock a. m. as provided by law.
 IN TESTIMONY WHEREOF, The Arizona Corporation Commission, by It's Crairma has hereunto set its hand and affixed its official Seal Done at Inc City of Phoenix. the Cap ftol. this lst cay of December A. D. 1915
 AFIZoNA CoRPORATION CoMMIs-
 SION
 r. A. Jones. Chairman. Attest
 Amos A. Petts. Secretary.
 KNOW ALL MEN BY THESE PRESENTS. that we, the undersigned. having associated ourselves for the purpose of forming corporation under the laws of Arizona. do hereby adopt the following articles of incorpora- tion:
 ARTICLE | 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. E. Murphy whose post office address is Washing ton. D C.. and the name of the cor poration shall be CHINESE AMERl- CAN NAVIGATION COMPANY Its principal place of business within Ari 7ona will be at Phoenix. Maricopa County. Arizona, but other offices may be established and maintained within or outside of Arizona at such places as the Board of Directors may designate where meetings of stockholders and the Board of directors may be held and any and all corporate business tran sacted.
 ARTICLE II. The general nature of the business proposed to be transacted is as follows. to wit: To construct. lease. charter. purchase or sell. and to operate sailing vessels. steamships steamboats. motor ships. tug boats tenders barges. launches and all other description of water craft on the high seas and all the oceans of the earth. in- cuding all passages between oceans and seas whether provided by nature IT constructed by man. 10 use and operate such 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 to other persons. corporations or communities, and to that end to cx- crcise all the rights and privileges and to be subject to all liabilities of a com mon carrier: and to lease. purchase build. own, erect. acquire. operate and use any and all docks. wharves. ware houses. and everything whatsoever necessary. proper or convenient to the carrying on of the said business and to 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 It's own capi- tai stock and that of other corporations. and Co vote any shares of stock of other corporations owned by it the same as any person might do. to bor- row money and to issue bonds. notes. debenturcs. mortgages. and other evil dcnces of indebtedness and secure pay ment of the same by deeds of trust. or otherwise. as may be convenient or proper. and in general to do and per form such acts and things, and tran sact such business in connection with the foregoing business not inconsistent with law in any part of the world as the Board of Directors may deem to he to the advantage of the corporation.
 ARTICLE III The amount of the capital stock authorized. of this cor poratlon is ten millions dollars. gold. (sl0 900. .00000) divided into one hun dred thousand (l00.000) shares of the par value of one hundred dollars (s100.00). each. and the said author izcd capital stock is hereby classified and is divided into two classes. as fol- lows:
 Five millions dollars. s5.000 900 0O) of said authorized capital stock. divided into fifty thousand (50.000) shares of the par value of one hundred dollars, Csi0000), 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 (s5. 900. 900. .0O), of said authorized capital stock, di- vded into fifty thousand (5O.0OO) shares. of the par value of one hundred dollars. (si00.00). each. shall be com mon stock, and shall constitute the second class.
 All of the aforesaid preferred Stock shall enjoy and be entitled to the fol- lowing preferences:
 1. To have, receive and be paid. (out of the profits of the business of said corporation properly and legally ap- plicable to the payment of dividends). annual dividends of seven per centum (7lo) upon the par value of all such preferred stock outstanding for the time being.
 9 To have all unpaid annual divi- dends accumulate until paid. The common stock shall not be entitled to be paid any dividend in and for any year until all earned dividends upon said Preferred Stock shall have been paid; but, after payment of the divi- dend upon the Preferred Stock and all accumulations up to any time. the balance of the profits then remaining may be paid as a dividend to all com mon stock then outstanding. for the time being, or such balance may be applied and carried to surplus.
 3. In case said corporation shall be- come insolvent or bankrupt or, for any reason. shall go into the hands of re- ceiver, SO that it's assets shall hc legally