The Arizona sentinel., 1910-11-24
ARTICLES OF INCORPORATION

ARTICLES OF INCORPORATION KNOW AL MEN BY THESE PRES ENTS, That we, the undersigned, have | this day associated ourselves together | for the purpose of forming a corpCI ation
 under and pursuant to the laws of the | Territory ot Arizona, and for that pur- pose do hereby adopt Articles of 1ncor- poration as follows:
 The name of this corporation shall be the Arizona Asbestos Company ARTICLE ,. The principal place Of transacting bus l mess or this corporation within the terri tory of Arizona shall be at Yuma, in the 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, state of H. linois, where meetings or stockholders and directors may be held and all busi-
 ARTICLE 3. The general nature Of the business pro- posed 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 hypothecaIe and deal in riines, mining claims, mineral lands, coal lands, oil lands, timber lands. real estate, water and water rights, 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 ' p.oducts thereof, to pur- chase, lease, or otherwise acquire, erect, own, operate, sell smelling and ore re- duction works, oil refinerieS, saW-milS and power plants, and do general req! estate manufacturing and mercantile business, to own, handle and control let terS patent and inventions, and shares of US 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 lures, and other evidences of indebted ness and to secure the payment of the same by mortgage, deed of trust, or oth erWlse, to act as agent, trustee, broker, or in any other flduciary capacity, to borrow and loan money, and Tn 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 1.
 The authorized amount of the capital stock of this corporation shall be one million five hundred thousand ($1,5OO,- 000.00) dollars, divided into one million five hundred thousand Q,5OO,O 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- ble right or thing for the uses and pur- which shares of the capital stock of said corporation may be issued and the capi- | 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
 .'''-' W ARTiCLE 5. The time Of the comm nlencement of this corporation shall be the. date of the fil- ing of certified copy of these articles of incorporation in the office of the auditor of the territory of Arizona, and the ter (25} years thereafter, with privilege of renewal as provided by law. ARTICLE 6. The affairs of this corpora ton shall be conducted by a board of directors, and the following named shall constitute the board of directors until their seccessors 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 stockholders at the annual stockholders meeting to be held on the first day of July of each 1 year.
 ARTICLE '. The board of directors shall have power to adopt and amend bylaws for the gov | cies occurring in the board from any i cause, and to appoint an executive com
 mittee and vest said committee with such powers as they may determine. ARTICLE 8.
 The highest amount of indebtedness
 direct or contingent. to which the cor | porati0n shall be subject at any one time shall be $500, 00000 dollars. ARTICLE 9. -Ine prlVate property of the StOckhold- CTS and officers of this corporation shall 1 De exempt from all corporate debts of any kind and character whatsoever. l In Witness whereof, We have hereun- l to set our hands and seals this l2th day of April, 1910.
 | (SeaD H. A. MAURER ! (Seal) HARRY c ADAMS (SeaD THOS. J. FISH ! (SeaD BIRNEY H. FISH ] (Seal( ADOLPH H. KRUSE ! (SeaD w. A. HARRISON 1 Indiana nf
 Before me, the undersigned a notary public, in and for said county and state, on ths day personally appeared H. A. Maurer, Harry C. Adams, Thos J. Fish Birney H. Fish, AdOlDh H. Kruse and persons who subscribed to the foregoing 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 oth
 (seaD A. LINCOLN HARRISON,
 Notary Public
 County of Yuma, ss:
 ], J. M. pOlhamuS County Recorder in l and for the county and territory afore- said do hereby certify that the forego- Articles of Incorporation of the Arizona Asbestos Company, as filed for record in nay office the 20th cay of April A. D, 1910, as appears of record book 3 of Articles of Incorporation at Page PIT ct seq, records of Yuma county, Arizona Territory.
 In witness whereof, I have hereunto set
 my hand and seal of office this 20th day of April, 4. D., 1910.
 (SeaD J. M. POLHAMUS.
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