Arizona republican., 1907-08-26
ARTICLES OF INCORPORATION
 of the pENIsoN MOTOR COMPANY.

| KNOW ALL MEN BY THESE l 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 The 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
 ton may have such other offices. prin-
 cipal or branch, either within or with
 out the Territor- 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: wooden
 
 accessories: automobiles. auto trucks, iauto-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
 used or required in any such manu-
 facturing or business; to make con- tracts: to purchase. lease, bond, To- cate. or otherwise acquire. own, ex- change, sell ar 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 ritory of Arizona.
 [ THIRD. The capital stock shall be
 Six Hundred and Fifty Thousand Dol
 lars tsS50.OO0). divided into sixty-five
 hundred shares (6,500). of the par val
 ue of one hundred dollars (s10O) each,
 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 lof 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:
 (a Six per cent (6es) per anniim on the preferred stock:
 (b) An equal amount on the com- mon stock. providing the earnings of the company are sufficient to. pay six (6'5) per cent on the common stock. tc) Six per cent (6Se) on the pre- ferred stock. balance on the common stock. in addition to the above. (dD The preferred stock shall be cumulative as to first dividends. and in case the full six per cent (Ses) first dividend is not paid in each year, the unpaid balance shall be carried over and included with the six per cent (6es) 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 affairs 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-