The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1911-04-20
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 corporation
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
ARTICLE 2.
The principal place OF transacting bus
mess OF 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
Arizona, shall be at Chicago, state of IL
linois, where meetings of stockholders
and directors may be held and all bust
ness transacted
The general nature of the business pro-
posed to be transacted is to make con-
tracts, to purchase, lease, option, locate,
or otherwise dispose of, pledge, mortgage
hypothecate and deal in mines mining
claims, mineral lands, coal lands, oil
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
Nv products thereof, to pur-
chase, lease. or otherwise acquire, erect.
own, operate, or sell smelling and ore re-
duction works, oil refineries, saw-mills
and power plants, and do general real
estate, manufacturing and mercantile
business, to own, handle and control let
ters patent and inventions, and shares of
It's owen capital stock, and that of other
corporations. and devote any stock own
ed by it 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 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 tn
the advantage of the corporation.
ARTICLE i.
The authorized amount of the capital
stock Of this corporation shall be one
million five hundred thousand (s1, 5OO,-
000.00) dollars, divided into one million
five hundred thousand Q,500,0 00) shares
Of the par value Of OF, one ($1.OO) each.
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
fer to it Of real or personal property
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 thereupOp 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
Ing of certified copy of these articles of
in the office Of the auditor
of the territory of Arizona, and the ter