The Arizona sentinel., 1910-09-22
ARTICLES OF INCORPORATION

KNOW AL MEN BY THESE PRES | ENrS, That we, the undersigned, have l this day associated ourselves together fer the purpose of forming a corporation | under and pursuant to the laws of the l Territory of Arizona, and for that pur- pose do hereby adopt Articles of mcor- | poration as follows:
 ARTICLE l.
 | The name of this corporation shall be | the Arizona Asbestos Company l ARTICLE 2.
 The principal place Of transacting bus | mess or this corporation within the terri l tory of Arizona shall be at Yuma in tho county of Yuma and in the territory of Arizona, and the principal place or places of tranSacting business outside of Arizona, shall be at Chicago&4tate of H. linois, where meetings oF stockholders and directors may De held and all busi- ness transacted.
 The general nature or the business pro- posed to he transacted Is to make con tracts, to purchase, lease, option, locate. or otherwise dispose of, pledge, mortgage hypothccate and deal in mines, mining claims, mineral lands, coal lands, oil lands, timber lands, real estate, water and water rights, and 10 work, explore, operate and develop the same, and to ex- tract any and all minerals, oils and gas tierefrOm and deal in the products and
 products thereon, to pur- chase. lease, or otherwise acquire. erect, own, operate, or sell smelting and ore TO- duction works, oil refineries saW-mills and power plants, and do 0 general real estate. manufacturing and mercantile business, to own, handle and control let Is owen capital stock, and that of other corporations, and devote any stock own ed by 1t the same as natural person might do, to issue bonds, notes, deben- tufes. and other evidences of indebted ness and to secure the payment Of the same by mortgaee, deed of trust. or oth- or in any otler fiduciary capacity, to borrow and loan money. and Ill general to do and perform such acts and things and transact such business, not incon- siStent with law in any part of the world as the board of directors may deem to the advantage of the corporation.
 ARTICLE i.
 The authorized amount of the capital stock of this corporation shall be one million five hundred thousand ($1.50O,- 900 0O) dollars, divided into one million five hundred thousand Q.500, ,O09) shares of the par value of of one ($l.0O) each. At such times as the board of directors stock shall be paid into this corporation, either in cash or by the sale and trans fer to 1t of real or personal property coSntraGls' t;SI se]tyices' ] or any other yalua- poses of said corporation, in payment for which shares Of the capital stock Of said corporation may be issued and the capi- tal stock so issued shall thereupen and thereby become and be fully paid up and non -assessable, and in the absence of ac- tual fraud in transaction. the judgment of the directors as to the value of the property purchased or services rendered shall be conclusive.
 ARTICLE 5.
 The time of the commencement of this corporation shall be the date of the fil- ing of a certified copy of these articles of Incorporation in the office of the auditor of the territory of Arizona, and the ter imitation thereof shall be twenty-five (25) years thereafter, with privilege of renewal Gs provided by law.
 ARTICLE 6.
 The affairs or this cOrDOra tiOn Sh0l1 he conducted by board of directors, and the following named shall constitute the board of directors until their successors are elected: II. A. Maurer. of Chicago, III, Thos. J. Fish, of Vincennes, Ind, and w. A. Harbison, of Robinson, Illinois, Thereafter the board of directors shall be elected from among the stoclthoders at the annual stockholders meeting to be held on the first day of July of each year.
 ARTICLE z.
 The board of directors shall have power to adopt and amend bylaws for the gov cies occurring fin the board from any cause, and to appoint an executive com mittce and vest said committee with such powers ds they may determine
 ARTICLE 8.
 The highest amount of Indebtedness, direct or contingent. to which the cor pOr1tt5n shall be subject at any one time shall be $500, % dollars.
 ARTICLE g. The private property Of the stOCknold- CTS and officers of this corporation shall be exempt from all corporate debts of any kind and character whatsoever. In Witness whereof, We have hereun- to set our hands and seals this 12th day of April, 1910. (SeaD H. A. .MAURER