Arizona republican., 1920-01-13
Legal Advertising
ARTICLES OF INCORPORATION

!
 ARTICLES OF INCORPORATION
 ARIZONA STORAGE AND DISTRIB- l UTING co.
 KNOW ALL MEN BY THESE 1 PRESENTS, That, we, the undersigned
 having associated ourselves for the purpose of organizing a corporation under the laws of Arizona. do hereby
 adopt the following Articles of 1ncor- poration:
 ARTICLE
 The name of this Corporation shall | be: ARIZONA STORAGE AND DIS TRIBUTING co.
 ! ARTICLE II
 The names. residence and postoffice
 addresses of the incorporators are: 1 Thomas c. McReynolds, Phoenix
 Ariz.; Phoenix, Ariz.
 | Theodore c. McKesson, Phoenix, Ariz.; Phoenix, Ariz.
 1 Henry w. Chambers, Phoenix, Ariz.; Phoenix. Ariz.
 l Thomas c. McReynolds, IT,, Phoenix. i Ariz.: Laveen Ariz.
 ! Earl F. Drake, Phoenix, Ariz.; Phoe- nix, Ariz.
 ARTICLE III
 The principal place of business of the l Corporation shall be at Phoenix, Mari 1 copa County. Arizona, but other offices
 may be established and maintained within or outside of Arizona. at such
  l designate. where meetings of stock
 holders and directors may be held and any and all corporate business trans acted
 ARTICLE "
 The general nature of the business proposed to be transacted is: To en- gage in warehousing. storage. trans portation and marketing of any and all goods, merchandise. materials and products of any kind or description; fn pychanCa improve and convey lands and build ings of all kinds; to purchase, lease, exchange pledge or receive in pledge any and all kinds of pe0onal property; to engage in any activity or enterprise which may promote the production, purchase or marketing of any goods. materials. merchandise, or products of any kind or description; to produce. manufacture and sell all kinds of goods, wares and merchandise; to ac- quire. hold, rent, lease. exchange, inn prove, and convey lands, water rights, canals, dams and dam sites; to borrow or loan money for the promotion. de- velopment or operation of any and all of the said lines of business herein mentioned; and to issue bonds, notes debentures and other evidences of in- debtedness and secure the payment of the same by mortgage, deed of trust, or otherwise; to own, handle and control shares of its own capital stock, and those or other COTpOrdtlOfS- anu lO NOlc any shares of stock in other corpora tfons, owned by it, the same as a nat ural person might do; and in general to transact businss in connection with the foregoing objects not inconsistent with law, in any part of the world. as the Board of Directors may deem to the advantage of the Corporation.
 ARTICLE V
 The capital stock of the Corporation shall be Five Hundred Thousand Dol lars (s500, ,000.00). divided into Twenty five Hundred t2500) shares of Pre- ferred tock of the par value of Hundred Dollars (s100.00) each, and Twenty five Hundred (2500) shares of Preferred stock of the par value of One Hundred Dollars (S100.00) each. All of which shall be paid for at such times as the Board of Directors may designate, in cash, real or personal property, serv- ices, or any other valueable right or thing for which said shares of stock may be issued; and the capital stock so issued shall thereupon be fully paid up and non -assessable forever; and in the absence of actual fraud in the trans action, the judgment of the Board of Directors as to the value of the proper ty. services or things of value paid in. shall be conclusive. The holders of the Preferred stock shall be entitled to receive when and declared from the surplus or net profits of the Corpora tion, yesrly dividends at the rate of, but not exceeding, as hereinafter pro- vided. eight per cent (Seo) per annum. payable quarterly, for each and every year from the issue of said stock.
 The dividends on the Preferred stock shall be cumulative and shall be pay able before any dividends on the Com mon stock shall be paid or set apart and if the dividend be not paid or fully paid in any year, said dividends or the deficiency as the case may be shall be made up and paid from the net profits in the subsequent year or years.
 Accumulations of dividends upon the Preferred stock shall bear interest at the rate of Sqo per annum. The Pre- ferred stock is subject to redemption a one hundred and ten per centum | (110To), and accrued dividends to date, | on or after five years from the time l these articles are recorded with the l Secretary of State.
 In the event of any liquidation or dissolution of the Corporation, whether voluntary or involuntary. the holders ! of the Preferred stock shall be entitled | to be paid in full, both the par value | of their shares, and the unpaid divi- | dends accrued thereon, before any | amount shall be paid to the holders | of the Common stock.
 So long the said dividend on the | said Preferred stock shall be paid at | the rate of eight per cent. (SSo). per annum, as aforesaid. the holders of i the Common stock shall have the ex- elusive voting power, and the holders | of the Preferred stock shall have no | voting power on any question what i soever nor. shall they be entitled to receive any notice of stockholders meeting; but should there be default | in the payment of the dividend on the Preferred stock amounting to twenty four per cent (249o), then and so long | as such dividend or any part thereof | remains unpaid the holders of the Preferred stock in respect to which such dividend or any part thereof re- mains unpaid shall be vested with the exclusive voting power, and the voting power of the holders of the Common stock shall automatically cease and l shall not again be restored until the amount so due the preferred stockhold- CTS has been completely paid. Upon such dividend or unpaid part thereof being paid fin full to the holders of the Preferred stock. the voting power upon said Preferred stock shall again cease.