Arizona republican., 1907-08-25
ARTICLES OF INCORPORATION
 of the DENISON MOTOR COMPANY. (

KNOW ALL MEN BY THESE 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 F.. Rep | logic and William H. Chadwick. and the name of the corporation shall be 1 lDENISON MOTOR COMPANY. | SECOND. The principal place of business Of the corporation in Arizona, shall be at Phoenix. and the corpora tion may have snch 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: wooden
 
 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 used or required in any such manu- 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 ritory of Arizona.
 THIRD. The capital stock shall be Six Hundred and Fifty Thousand Dol lars CS650. .000). divided into sixty-five hundred shares (6.5OO). of the par val ue of one hundred dollars (sIOO each. of which thirty-two hundred and fifty t3.25O) shares shall be preferred stock, and thirty-two hundred and fifty t3,25o) 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:
 ta) Six per cent (695) per annum on the preferred stock:
 tb) An equal amount on the com mon stock. providing the earnings of the company are sufficient to pay six to1o) per cent on the common stock.
 Co Six ser cent (6es) on the pre- ferred stock. balance on the common stock, in addition to the above.
 td) The preferred stock shall he 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 (6et) | of the succeeding year.
 FIFTH. The preferred stock of this corporation may be retired at not less than par. at any time 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 (5) per- sons, and D. .. Denison. c. l.. Deni- II son, O. L. Hubbard. William H. Chad II WICK and Jacob E. Replogle, shall con- T