Arizona republican., 1920-02-10
Legal Advertising
ARTICLES OF INCORPORATION

UIlNG co.
 KNOW ALL MEN BY THESE 1 PRESENTS, That, we. the undersigned having associated ourselves for the purpose of organizing corporation under the laws of Arizona, do hereby i adopt the following Articles of Incor- 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:
 Thomas c. McReynolds, Phoenix Ariz.; Phoenix, Ariz.
 Theodore G. McKesson, Phoenix Ariz.; Phoenix, Ariz.
 Henry w. Chambers, Phoenix, Ariz.; Phoenix, Ariz.
 Thomas c. McReynolds, Jr., Phoenix, AriZ.; Laveen, Ariz.
 Earl F. Drake. Phoenix, Ariz.; Phoe- nix, Ariz.
 ARTICLE III
 The principal place of business of the Corporation shall be at Phoenix, Mari copa County, Arizona, but other offices may be established and maintained within or outside of Arizona, at such places as the Board of Directors may designate, where meetings of stock holders and directors may be held and any and all corporate business trans acted.
 ARTICLE w
 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; to acquire, hold, rent lease, exchange, improve and convey lands and build ings of all kinds; to purchase, lease, exchange, pledge or receive in pledge any and all kinds of personal 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, i'm prove, and convey lands, water rights, canals, dams and dam sites; to borrow or loan money for the promotion, de- yelopment 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 of other corporations, and to vote any shares of stock in other corpora tions, owned by it, the same as l, 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. 000.0O). divided into Twenty five Hundred (2500) 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 snail 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 as declared from the surplus or net profits of the Corpora tion, yearly dividends at the rate of, but not exceeding. as hereinafter pro- vided, eight per cent (STo) 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.
 Accommodations of dividends upon the h9 int al the rate of SGo per annum. The Pre- rerred stock is subject to redemption 1t one hundred and ten per centum (110qo), and accrued dividends to date, on or after five years from the time these articles are recorded with the Secretary of State.
 In the event of any liquidation or dissolution of the Corporation. whether or involuntary. the holders !! of the Preferred stock shall be entitled | Q be paid in full, both the par value ,f their shares, and the unpaid divi- | lends accrued thereon. before any | amount shall be paid to the holders | ,f the Common stock.
 So long as the said dividend on the | 'aid Preferred stock shall be paid at he rate of eight per cent, (8oo), per | lnnum, as aforesaid, the holders of | he Common stock shall have the ex- 'lusive voting power, and the holders If the Preferred stock shall have no | roting power on any question what oever, nor, shall they be entitled to eceive any notice of stockholders neeting; but should there be a default n the payment of the dividend on the Preferred stock amounting to twenty our per cent (249o), then and so long IS such dividend or any part thereof emains unpaid the holders of the Preferred stock in respect to which uch 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 tock shall automatically cease and hall not again be restored until the mount so due the preferred stockhold- ITS has been completely paid. Upon uch dividend or unpaid part thereof eing paid in full to the holders of the Preferred stock, the voting power upon aid Preferred stock shall again cease.
 ARTICLE VI
 The commencement of the Corpora ion shall be the date of the issuance o it of a Certificate of Incorporation y the Arizona Corporation Commis- ion. and it shall endure for the full erm of twenty five (25) years there fter, with privilege of perpetual suc- ession as provided by statute.
 ARTTCT .E VII