Arizona republican., 1907-08-27
ARTICLES OF INCORPORATION
 of the DENiSoN MOTOR COMPANY.

hNoN ALL bi
 PRESENTS. That we. the undersign- , ed. do hereby associate ourselves to- gether for the purpose of forming a corporation under the laws of Arizona.
 and to that end do hereby certify and
 declare:
 FIRST. Tho names of the incorpOra-
 tors are D. C. Denison, Jacob E. Rep
 logic and William H. Chadwick, and
 the name of the corporation shall be DENISON MOTOR COMPANY. SECOND. The principal place of
 business of the corporation in Arizona,
 shall be at Phoenix. and the corpora
 tion may have such other offices, prin-
 cipal or branch, either within or with
 out the Territory of Arizona. as may
 be established by the Board of Direc- tors. at which offices meetings of the Board of Directors and Stockholders
 may be held.
 THIRD. The general nature of the business proposed to be transacted, is as follows, to-wit:
 Manufacturing of all kinds; mer-
 chandising of all kinds: to buy. sell,
 lease. rent, exchange and deal in hard
 ware, and metals of all kinds: wOodeE-
 ware and woodworking machinery and accessories; automobiles. auto-trucks, auto-wagons. auto-carriages, track
 motar cars, and any and all other ve-
 hicles, and motors for all purposes. and any and all parts, equipments and
 improvements thereof. or pertaining
 thereto; and to manufacture. buy, sell
 lease. rent, exchange and deal in any and all machinery and implements uSaI Or ranuirad in any cn.h featuring or business; to make con-
 tracts: to purchase, lease, bond, To- cate, or otherwise acquire. own. ex- change, sell or otherwise dispose of
 pledge, mortgage. hypothecate and deal
 in real estate, and any and all kinds of personal property, and patents and patent rights. and in general to do all things necessary and convenient to the proper conduct of the business of the corporation. not inconsistent with the laws of the United States and the Ter ritorv of Arizona.
 THIRD. The capital stock shall be
 Six Hundred and Fifty Thousand Dol
 lars Cs65O.OOO). divided into sixty-five hundred shares (6.500), of the par val ue of one hundred dollars Cs10O) each. v of which thirty-two hundred and fifty t3.250) shares shall be preferred stock. and thirty-two hundred and fifty , (3.250) shares shall be common stock. and all said stock shall be issued fully paid and non-assessable, at such time as the Board of Directors may desig- nate, in exchange for cash. property.
 services. or other valuable right or thing, and the judgment of the Board of Directors as to the value thereof shall be conclusive.
 FOURTH. That the net profits of this corporation shall be applied to
 the payment of dividends. at the dis cretion of the Board of Directors, as follows:
 (D Six per cent (6fe) per annum on the preferred stock:
 tb) An equal amount on the com mon stock. providing thtearnings of the company are sufficient to pay six
 (696) per cent on the common stock. Co Six per cent (6Ts) on the pre- ferred stock. balance on the common stock. in addition to the above (d) The preferred stock shall be cumulative as to first dividends. and in case the full six per cent (6qs) first dividend is not paid in each year, the unpaid balance shall be carried over and included with the six per cent (6Ts) of the succeeding year.
 FIFTH. The preferred stock of this corporation may be retired at not less than par, at any time a majority of the Board of Directors may direct.
 SIXTH. The afffirs of this corpor- ration shall be conducted by Board of Directors consisting of five (5) per- sons, and D. c. Denison. c. l.. Deni- son. O. l.. Hubbard, William H. Chad wick and Jacob E. Replogle. shall con-