Arizona republican., 1916-12-10
PAGE FIVE

ferred Stock. and unpaid dividends. but shall. at any time after said date have sufficicntsnet profits or surplus to pay T portion thereof then said corporation may call in, pay and retire such portion of said outstanding Preferred Stock and unpaid dividends as fl may rom net earnings and surplus on hand, and the right so to do shall be reserved in the Certificates for said Preferred Stock
 G. Whenever preferred stock shall be paid and retired the Certificates there for shall be cancelled and the amount of the capital stock of said Corporation shall thereupon be reduced by an amount equal to, the face value of the Preferred Stock, so paid and retired.
 :. All Certificates and Preferred Stock shall have the words "Preferred Stock" made to plainly appear upon the face thereof, and, fl issued m Series, the number of the Series, and preferences hereby created shall be printed upon the face or endorsed upon, or attached to all said Certifi- cates. and shall be referred to upon the face thereof.
 s. All Certificates for common stock shall have the words "Common Stock appear upon the face thereof.
 g. All outstanding Preferred and Common Stock. for the time being, shall have equal voting rights.
 ARTICLE ". The commencement of the Corporation shall be the date of issuance to wit: of Certificate of In corporation by the Arizona Corporation Commission. and if shall endure for the full term of twenty-five (25) years therefrom, with privileges of perpetual succession. as provided by Statute. ARTICLE V. The affairs of the Cor Doration shall be conducted by Board of Directors. and such officers as the said Directors may elect or appoint. The number of Directors shall be de- signated by the Bylaws, and shall be | elected from among the stockholders at ! their annual meeting, to be held on the | first Monday, at the hour of one CD | o'clock in the afternoon of that day m the month of January, of each and every year from and after the year of ! 1917. Until the first annual meeting of 1 the stockholders and until their sue cessors shall have been elected and qualified the following named persons shall be officers and Directors, to Wit
 DIRECTORS:
 Robert F. Daniels, r. 0. address,
 Washington, D. C.. F. E. Shaver. F. o. address, Washington, D. C.: Frank lin F. Fletcher. F. o. address. Washing
 ton. D. C.; r. E. Murphy, F. O. address.
 Washington, D. C.; David s. Rose F..
 0. address, Washington. D. C.
 GENERAL OFFICERS:
 President. Robert F.. Daniels; Vice
 President. E. B Shaver; General Man
 ager, Richard 'Chilcott: Resident Sec
 retary. Vic F.. Hanny; Secretary, r. E.
 | T I
 Fletcher; General Counsel, David $.
 Rose
 ARTICLE VI The Directors shall
 have power to adopt, amend and re-
 scind Bylaws to fill vacancies occur
 ring in the Board from any cause. and
 to appoint from their own number an
 Executive Committee and to vest said
 committee with all the powers granted
 the Directors by these articles.
 ARTICLE VII The highest amount
 of indebtedness or liability to which the
 corporation may at any time subject
 itself is Three Million Three Hundred
 Thousand Dollars, 300.OO0.0O).
 ARTICLE VIII The private prop
 erty of the stockholders oI the corpora ton shall be forever exempt from it's debts or obligations.
 ARTICLE TX. This corporation does ! t-. iAs
 nix. Arizona, who has been a bona fide resident of Arizona for at least thre, (3) years, it's lawful Agent in and fol the State of Arizona for and in behali l of said Company. to accept anc acknowledge services and upon whom } may be served the necessary process
 or processes in any action. suit or pro [ ceedins that may be mad or brough against said Company in any of thu
 courts of said State of Arizona, sait service of process or notice of the ac- ceptance thereof by said Agent en- dorsed thereon to have the same force and effect as though served upon th' ! President and Secretary of said Com l panv.
 ? IN WITNESS WHEREOF. we here
 unto affix our signatures and seals thii Fist day of November, A. D, 1916 p The word "steamship" il the 12tl ) .ine was erased and the word "Navi z gation" was substituted in place there of before this instrument was exc l cuted
 ROBERT E. DANIELS. SEAL DAVID <. ROSE, SEAL 2 P. E. MURPHY. (SEAL { UNITED STATES OF AMERICA DISTRICT OF COLUMBIA, ss 9 C1TT OF WASHINGTON. Q Before me N. M. L. Jenkins, a notarl
 public in and for the said District O Columbia. on this day personally ap ' peared Robert T.. Daniels. David $ Rose and r. E. Murphy, known to mi ' ,o be the persons whose names are sub l scrihed to the foregoing instrument Q and acknowledged to me that they ex ! ! ecVtea the same for the purposes am consideration therein expressed. Givei e under my hand and seal of office at tn ] District of Columbia. this Fist day O . November, A. D. 1916.
 l | tNotarial SeaD N. NJ. L. JENKINS. Notary Public. My commission expires the 9th da. e of June. A. D. 1921.