Arizona republican., 1916-12-08
STATE Uir ARIZONA 0ff.ce of the

[ that the annexed is true and com plete transcript of the
 ARTICLES OF INCORPORATION CHINESE AM ERICAN NAVIGATION
 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. Tn. as provided by law.
 IN TESTIMONY WHEREOF The Arizona Corporation Commission, by it's Chairman. has hereunto set its hand end affixed ifs official Seal. Done at the City of Phoenix, the Cap- itol. This lst day of December A. D. 1916.
 ARIZONA CORPORATION COMMIS-
 F. A. Jones, Chairman. Attest:
 Amos A. Betts, 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 l. The incorporators are: Robert F.. Daniels whose post office address is Washington, D. C.; David S. Rose. whose post office address IS Washington D. C.: and P B. 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- zona will be at Phoenix. Maricopa v 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 sieamboats. motor ships, tug boats tenders. barges, launches, and all othel description of water craft on the higf seas and all the oceans of the earth. in- cludng all passages between oceans and seas whether provided by natar' Jr constructed by man; to use an, 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 ol charter to other persops, corporation: ! or communities and to that end 10 eX ercise all the rights and privileges anC to be subject to all liabilities of a com mon carrier; and to lease, purchase build. own. erect, acquire. operate ant use any and all docks. wharves. ware houses. and everything whatsoeve necessary. proper or convenient 10 tn 1 carrying on uf the said business and C do any and all things usually belonginl or incident 10 the carrying on of tn transportation business by water craf of all kinds.
 To own and control letters patent an' inventions. and shares. of its own capi tai stock and that of other corporations and to vote any shares of stock O other corporations owned by it tn same as any person might do: 10 bor TOW money and to issue bonds, notes dehentures. mortgages and other evi- dences of indebtedness and secure pay. ment of the same by deeds of trust, oi { otherwise, as may be convenient o proper. and in general 10 do and per form such acts and things. and tran sact such business in connection witt I the foregoing business not inconsisten with law in any part of the world. al the Board of Directors may deem to b, to the advantage of the corporation ARTICLE III. The amount of th' capital stock. authorized. of this cor poration Is ten millions dollars. gold tSio. .O0e. 000.00). divided into ono hun ared thousand N0a.o00) shares of th ;ar value of one hundred dollar tsl00.00). each and the said author tzed capital stock Is hereby classifie and is divided into two classes, as fol lows:
 Five millions dollars. Cs5.0O0. GOO. OC of said authorized capital stock. divide into fifty thousand t50. 0.000) shares ( the par value of one hundred dollar ts100.O0). shall be the Pre.erred Stocl and shall constitute one class. an shall enjoy and be entitled to th preferences but be al all times subjet to the terms and conditions hereinaftt ] expressed. and
 Five millions dollars (s5,000, ,00000 of said authorized capital stock. al vided into fifty thousand (5000C shares, of the par value of one hundre dollars, C$l00.o0). each. shall be com mon stock and shall constitute tn second class.
 All of the aforesaid preferred Stoc shall enjoy and be entitled to the fo lowing preferences:
 l. To have, receive and be paid. (ot of the profits of the business of sai corporation properly and legally aI plicable to the payment of dividends annual dividends of seven per centui (Tct) upon the par value of all sue preferred stock outstanding for th time being.
 2. To have all unpaid annual divi dends accumulate until paid. I'll common stock shall not be entitled
 be paid any dividend in and for an year until all earned dividends upo said Preferred Stock shall have bee paid; but. after payment of the divi : dend upon the Preferred Stock. and a [ accumulations up to any time, tf E balance of the profits then remainin | may be paid as a dividend to all com , mon stock then outstanding, for tn time being. or such balance may | 2 applied and carried to surplus.
 3. In case said corporation shall sbe . .c0me insolvent or bankrupt or for an ? reason. shall go into the hands of a rs
 ceiver, so that its assets shall be legal ! marShallcd ana distributed. the sal
 preferred Stock outstanding for Il l time being shall (before the commo , stock shall receive or be entitled to Tt ] ceive anything from said assets), l 2 entitled to be paid in full from sal } assets, if said assets shall be sui ficient therefor. when and after whic ! the balance of said assets shall be dis r tributed to said common stock, ratably and if said assets proparlv applicab h
 thereto shall not be sufficient to pa il ILL q l1ar. afna..L,d StL.al-