Arizona republican., 1902-01-24
ARTICLES OF INCORPORATION
 OF THE SOLAR FURNACE AND POWER
 COMPANY"

KNOW ALL MEN BY THESE PRESENTS: That we. whose hands are hereunto affixed. do hereby assoc fate ourselves together for the pur- pose of forming q corporation under the laws of the Territory of Arizona and to that end make the following statement:
 First: The names of the corpora tors and amounts subscribed are: Albert Carter. Fifty Thousand Dollars CS5O.- OOO0): O. O. Simpson. Ten Thousand | Dollars. G10.000) NJ. J. Conner. Ten Thousand Dollars (s1O,00O: and the name of the corpora ton shall be SO- LAR FURNACE AND POWER COM PANT. The principal place in which the business of said corporation within i the Territory of Arizona is to be trans acted is Phoenix, Maricopa County Arizona. and the principal place of business of said corporation outside the Territory of Arizona shall be the | City Of Los Angeles. in the State of California, a which meetings of the ! Board of Directors may be held. and the corporation may have such branch offices either within or without the i Territory of Arizona as may be estab- lished by the Board of Directors. ! Second: The general nature of the business proposed to be transacted by
 
 To purchase all rights to the United States for Albert Carter's new inven- tion for generating heat from the suns rays, to make improvements thereon and to obtain |. s. patents for said l improvements, to develop and manu- facture the Solar Furnace and put it Ca the market for smelling all kinds of ores and minerals. for generating steam and electricity to run pumping  purposes to which it is or can be ! adapted. to put up Solar smelters at various mines for an interest in said mines. to put up Solar pumping plants and develop water for irrigation pur- poses. 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. mineral lands, water and water rights and machinery. and to work, mine. explore, operate and develop the same: to do a general real estate, man. ufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money and execute notes. bonds. mort gages or deeds of trust to secure the SdIllt anu 10 tNtitISe III respect or all such bonds, mortg ges, notes, shares of capital stock and other securities and obligations any and all rights, powers and privileges of individual 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 gen eral to do all things necessary to the proper conduct of the business of this
 
 where, not inconsistent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be Four Hundred Thousand Dollars (S400, ,OO0) divided into Four Hundred Thousand shares of the par value of one dollar (SD each. At such time as the Board of Directors may by reso- lution direct, said capital stock shall be paid into-this corporal ton either in cash or by sale and transfer to it of real personal property for the uses and purposes of said corporation, in payment for which shares of the cap ital stock of said corporation may be issued, and the capital stock so issued shall thereupon and thefeby become and be fully paid up and non n-assessa- ble. and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the prop erty purchased shall be conclusive.
 Fourth: The time of the commence ment of this corporation shall be the date of the filing of these Articles of Incorpora ton in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpora ton shall be conducted by a Board of Three Directors and the following named shall constitute the Board of Di- rectors until their successors are elect ed: Albert Carter, O. O. Simpson, M. J.