Arizona republican., 1902-08-29
ARTICLES OF INCORPORATION
 OF THE THE ABSAL COMPANY"


 Know All Men by These Presents: That we, whose hands are hereunto af- fixed, do hereby associate ourselves to- gcther for the purpose of forming a corporation under the laws of the Ter ritory of Arizona, and to that end make the following statement:
 First: The names of the corporators are: James T. Maher, T. l. Motter, William A. Rushworth, and Samuel McRoberts, and the name of the cor poration shall be The Absal Company. The principal place in which the busi- ness of said corporation within the Territory of Arizona is to be transacted is Phoenix, Maricopa county, Arizona. and the principal place of business of said corporation outside the Territory of Arizona shall be the City of Chi cago in the state of Illinois, at which meetings of the board of directors may be held, and the corporation may have such branch offices either within or without the Territory of Arizona as may be established by the board of di- rectors.
 Second: The general nature of the business proposed to be transacted by
 
 To make contracts, to purchase, lease, bond, locate or otherwise acquire, own, exchange; sell or otherwise dispose of, pledge, mortgage. hypothecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, mineral lands, oil. gas, asphaltum, petroleum, asbestos, salt. water and water rights and ma chinery. and to work. mine, explore, operate and develop the same; to do a general real estate, manufacturing and mercantile business; to own, han dle and control letters patent and in ventions and shares of capital stock of other corporations; to borrow money and execute notes, bonds, mortgages or deeds of trust to secure the same, and tc exercise in respect of all such bonds, mortgages, notes, shares of cap | ital stock and other privileges of in dividual owners thereof, including the right to vote upon any shares of stock | held by it to the same extent that a natural person might or could do; and | in general to do all things necessary to the proper conduct of the business of this corporation in the territory and elsewhere, not inconsistent with the | laws of the United States and the Ter ritory of Arizona.
 Third: The authorized amount of the capital stock of this corporation shall be twenty thousand dollars (S20, ,000). divided into two hundred shares of the par value of one hundred dollars ($100} each. At such time as the board of di- rectors may by resolution direct, said capital stock shall be paid into this | corporation either in cash or by the sale and transfer to it of real or per sonal property for the uses and pur- poses of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall there upon and thereby become and be fully paid up and non-assessable, and in the absence of actual fraud in the tran saction the judgment of the directors as to the value of the property pur- l chased shall be conclusive.
 Fourth: The time of the commences ment of this corporation shall be tho date of the filing of these articles ol incorporation in the office of the secre- tary of Arizona, and the termination thereof shall be twenty-five year: thereafter.
 Fifth The affairs of this corpora
 ton shall be conducted by a board O. three directors, and the following
 named shall constitute the board O.
 directors until their successors ar'
 elected: T. l. Motter, William A
 Rushworth, Samuel McROberts. There
 after the board of directors shall b.
 elected from among the stockholders
 as the bylaws of the corporate ma.
 provide The officers of said corpora
 tion until their successors are elected shall be: T. l. Motter, president; Will liam A. RushwOrth. vice president James T. Maher, secretary; T. l. Mot ter. treasurer.
 Sixth: The highest amount Of in debtedness or liability, direct or con tingent. to which this corporation is a ' any time subject shall be twelve thou ; sand dollars ($12OOO), which amour
 does not exceed two-thirds the amour ; of the capital stock.
 Seventh: The private property of tn
 stockholders of this corporation shal be exempt from corporate debts of an, ; kind whatsoever.
 In witness whereof. we have here , unto set our hands and seals thi