Arizona republican., 1907-08-24
ARTICLES OF INCORPORATION
Of tho
DENisoN MOTOR COMPANY.

~
KNOW ALL MEN BY THESE
PRESENTS That we. the undersisn-
ed do hereby associate ourselves to-
gethsr for the purpose of forming a
corpora ton Under the laws of Arizona.
and to that end do hereby certify and
declare:
FIRST The names of the incorpora-
tors are ID. c. Denison. Jacob f. Rep
logic and William H. Chadwick, ana
the name Of the corporation shall De
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 Territorr Of Arizona. as may
be established BY the Board Of Direc-
tors. at which offices meetings Of the
Board Of Directors and Stockholders
NAV be held.
THIRD. The general nature OF the
business proposed to be, transacted, Is
as follows, to-wit: 80.
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
ware and woodworking machinery and
accessories: automobiles. auto-trucks,
auto wagons. auto-carriages, track
motar cars, and anv and all other We
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 i'm am. such manu-
featuring or business; to make con-
tracts: 10. 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 anv and all kinds
of personal property. and patents and
patent rights, and in general TO do all
things necessar. 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 $3.50. 000). divided into sixty-five
hundred shares t6,500), of the par VAL
ne OF one hundred dollafs $1,000 each.
of which thirty-two hundred and fifty
(3.250) shares shall be preferred stock.
and thirty-two hundred and fifty
(3.250) shares shall be common stock,
and all said stock shall he issued fully
paid and worcestershire at such time
as the Board Of Directors NAV 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 he applied to
the payment Of dividends. at the dis
cretion OF the Board OF Directors. as
follows:
(a) Six per cent $3.50 per annum
on the preferred stock:
Dbl An ecnai amount on the COM
mon stock. providing the earnings of
the company are sufficient to pay six
go per cent on the common stock.
tc) Six ger cent 1set) on the pre-
ferred stock. balance on the common
stock. IN addition to the above.
I'D The preferred stock shall be
as to first dividends. and
in case the full six per cent $50 first
dividend Is not paid in each wear. the
unpaid balance shall be carried over
and included with the six per cent go
of the succeeding year.
FIFTH. The preferred stock Of this
MAJ 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 a Board Of
Directors consisting of five t5) per-
sons, ard D. C.. Denison. c. l.. Deni-
son. o. l.. Hubbard. William II. Chad
wick and Jacob f. Replogle. shall con-
stitute the Board of Directors until the
annual stockholders meeting. which
shall be held on the first Monday OF
October in each year. commencing In
1908. The Board Of Directors are en-
powered to make such prudential By
avs as they may deem necessary for
he management Of the corporation. to
i'll vacancies IN the Board. and to ap-
point other proper officers. with such
powers as they may confer.
SEVENTH. The highest amount OF
Indebtedness or liability. direct or con-
-ingent. to which this corporation Is
II am time subject shall be Four Hun
ired Twenty-Five Thousand Dollars
'$425.000. which amount does not ex-
ICED two-thirds of the amount Of the
,apital stock.
EIGHTH. The private property of
he stockholders Of this corporation