The Arizona sentinel., 1910-05-12
ARTICLES OF INCORPORATION

m ISLG0 VI ItNOOrNCORA lON
KNOW ALL MEN BY THESE PRES
ENTS, That we, the undersigned, have
this day associated ourselves together
under and pursuant to the laws of the
Territory of Arizona, and for that pur-
pose do hereby adopt Articles of Incor-
poration as follows:
ARTICLE l.
The name OF this corporation shall be
the Arizona Asbestos Company
The principal place OF transacting bus
mess OF this corporation within the terri
tory OF Arizona snail be at Yuma, in the
county of Yuma, and in the territory IF
Arizona, and the principal place or
places of tranSacting business outside of
Arizona, shall be a Chicago, state of II
linois, where meetings or stockholders
and directors may be held and all BUSH
ARTICLE 3.
The general nature of the business pro-
poSeu to be transacted is to make con-
tracts, to purchase, lease, option, locate
or otherwise acquire, own, exchange sell
or otherwise dispose Of. pledge, mortgage
claims, mineral lands, coal lands OF
lanuS, timber lands. real estate water
and water fights, and to work, explore
operate and develop the same, and to ex-
tract any and all minerals oils and gas
therefrom and deal in the products and
c ~ co products 1odue thereof to pur-
own, operate, or sell smelling and ore re-
duction works, oil refinerles, saW-mills
and power plants, and do a general real
estate, manufacturing and mercantile
business to own, handle and control let
terS patent and inventions, and shares of
rs owen capital stock, and that of other
corporations and devote any stock own
ed by it the same as a natural person
might do, to issue bonds, notes, deben-
lures, and other evidences of indebted
ness and to secure the payment of the
same by mortgage, deed OF trust, or 9TH
erWise, to act as agent, trustee, broker,
or in any other fiduciary Capacity, to
borrow and loan money, and in 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 4.
The authorized amount of the capital
stock Of this corporation shall be one
million five hundred thousand Isl, $780,
100000 dollars, divided into one million
five hundred thousand u,5oO,0 00) shares
At such times as the board of directors
may by resolution direct, said capital
stock shall be paid into this corporation,
either in cash or by the sale and trans
contracts, services, or any other valua-
bic right or thing 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 CAPT.
tai stock SO issued shall thereupon 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 fill
incorporation in the office of the auditor
of the territory of Arizona, and the ter
mination thereof shall be twenty-five
(25) years thereafter, with privilege of
renewal as provided by law.
ARTICLE 6.
The affairs of this corpora ton shall be
conducted by board of directors, and
the following named shall constitute the
board of directors until their successors
are elected: H. A. Maurer. of Chicago,
W. A HARRISON, Of Robinson, Illinois DIS
Thereafter the board OF directors shall
be elected from among the stockholders
at the annual stockholders meeting to
be held on the first day of July of each
year.
ARTICLE 7.
The board of directors shall have power
to adopt and amend bylaws for the gov
eminent of the corporation to fill vacan-
cies occurring in the board from any
cause cause. and to appoint an executive COM
such powers as they may determine
ARTICLE s.
The highest amount of Indebtedness
direct or contingent, to which the COR
poratiJn shall be subject at any one time
shall be $500, 100000 dollars.
ARTICLE 9.
The private property of the StockhoId-
ers 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 18th day
of April, 1910.
(SeaD H. A. MAURER
lSeaD HARRY c. ADAMS
(SeaD THOS. J. FISH
(SeaD BIRNEY TT FISH
(Seal( ApoLPH H. KRusE
1SeaD w. A. HARRISON
State of Indiana, County of Knox, SIS:
Before me, the undersigned, notary
PUBLIC, in and for said county and state,
on tbs day personally appeared II. y.
Maurer, Harry G. Adams, Thos j. Fish.
Birney H. Fish, Adolph Fl. Kruse and
w. A. HARRISON to me known to be the
instrument, and acknowledged to me
that they executed the same for the
purposes and considerations, therein ex-
pressed.
:. Given under my hand and seal of of
flee this 18th day of April, A. D., 1910
My commission will expire on the 9Th
q 9seeaS 3 May 4. LII Lincoln HARRISON,
Notary Public
County of Yuma, ss:
L, j. M. POIhamuS, County Recorder in
and for the county and territory afore-
said do hereby certify that the forego-
ing is true, full and correct copy of the
Asbestos Company, as filed for record
in my office ON the goth cay of April,
a. D., 1910; as appears of record n book
2i7, ct seq, records of Yuma county,
Arizona Territory.
In witness whereof, have hereunto set
my hand and seal of office this goth dav
of April, A. D., 1910.
{SeaD ]. M. POLHAMUS,
County Recorder.