Arizona republican., 1902-08-28
ARTICLES OF INCORPORATION
 OF THE

First publication August 27, 1902.
 Know All Men by These Presents: That we, whose hands are hereunto af- fixed, do hereby associate ourselves to- gether for the purpose of forming corpora ton 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 pora ton 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 i 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 | this corporation is as follows, to-wit:
 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 CT deeds of trust to secure the same and to exercise in respect of all such bonds, mortgages, notes, shares of cap- itaI stock and other privileges of in- dividual owners thereof, including the 1 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 tho laws of the United States and the Ter ritory of Arizona.
 Third: The authorized amount of the capital stock of this corporation shal
 be twenty thousand dollars ($20,000)
 divided into two hundred shares of thc
 par value of one hundred dollars ($100
 each. At such time as the board of di-
 rectors may by resolution direct, saiC
 capital stock shall be paid into thi:
 corporation either in cash or by tht
 sale and transfer to it of real or per
 sonal property for the uses and pur
 poses of said corporation, in paymen
 for which shares of the capital stool
 of said corporation may be issued, anC
 the capital stock so issued shall there
 upon and thereby become and be full.
 paid up and non-assessable, and in tn
 absence of actual fraud in the tran
 saction the judgment of the directors
 as to the value of the property pur
 chased shall be conclusive.
 Fourth: The time of the commence : ment of this corporation shall be tn
 date of the filing of these articles O 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. I. Motter, William A
 Rushworth, Samuel McRoberts. There after the board of directors shall D . elected from among the stockholders as the bylaws of the corporation ma ? provide. The officers of said corpora
 tion until their successors are electe ? shall be: T. I. 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 s tingent, to which this corporation is a 7 any time subject shall be twelve thou s sand dollars C$12,OO0), which amour
 does not exceed two-thirds the amour s of the capital stock.
 t Seventh: The private property of tn
 stockholders of this corporation sha . be exempt from corporate debts of an 5 kind whatsoever.
 , In witness whereof, we have here !. !unto set our hands and seals thi