Arizona republican., 1919-10-12
ARTICLES OF INCORPORATION


ARIZONA SPIRAL MACHINE COM
PANY.
KNOW ALL MEN BY THESE
PRESENTS: That we, LYTLE S.
ADAMS of Nogales, Santa Cruz
County, Arizona, and RAY FERGU-I
SON and CHARLES A. BANKERD of
the same place and State, have this
day associated ourselves together for
the purpose Of forming a corporation
for the objects hereinafter set forth,
under the laws of the State of Arizona,
and to that end do declare:
ARTICLE |.
The name of this corporation shall
be ARIZONA SPIRAL MACHINE
COMPANY"
ARTICLE II.
The location of said corporations
principal office and place of business
in the State of Arizona, shall be at
Phoenix, Maricopa County, Arizona,
and the corporation may have such
other offices, principal and branch,
within the United States or in the Re-
public Of Mexico, as may be established
by the Board of Directors, at any of
which offices, meetings of stockholders
and directors may be held, and any
business Of the corporation transacted.
ARTICLE III.
The nature of the business and the
objects and purposes for which this
corporation is formed are to do any and
all things herein set forth, to the same
extent and as fully as natural persons
may or could do in any part of the
world, as principal. agent, broker,
contractor, trustee or otherwise, and
either alone or in company with others,
namely:
To own, operate. control, lease or
manufacture in the State of Arizona,
certain machinery known as the
ADAMS SPIRAL PLOW AND Gull
TIVATOR, ADAMS HOLE DIGGER,
ADAMS CABLE LAYING MACHINE
AND EXCAVATOR, ADAMS COMBI-
NATION HOLE DIGGER A N D
TRENCHER, ADAMS GRADING MA
CHINE, ADAMS LIGHTING SYSTEM.
Application for patents to which are
now pending in the Department of the
Interior, Washington, D. c., such
ownership, operation, control leasing
or manufacture thereof being limited
to the State of Arizona, and any other
| territory outside of the limits of the
United States as the Board of Direc-
! tors may determine with the consent
of Adams Patents Company, corpor-
alton.
To buy, sell, mortgage, lease, rent
improve, exchange, and otherwise &C
quire, and dispose of and deal in real
and personal property.
| To generally do everything proper
and necessary for the conduct of the
business herein above mentioned.
ARTICLE ".
The amount Of capital stock of the
corporation shall be ONE HUNDRED
THOUSAND (s100,000.00) DOLLARS
Divided into one thousand (1,000,
shares Of the par value of ONE HUN.
DRIED (s1O0.OO) DOLLARS each.
The capital stock shall be common
stock and the terms upon which such
stock is created are that it shall bt
issued to the full par value thereof
and said stock shall be issued as fully
paid and non assessable, and the CAPT
tai stock of this corporation, after it!
full par value has been paid, shall
not be subject to assessment to pa!
the debts of the corporation.
Said capital stock may be paid fol
in cash or service, or by the sale and
transfer Of real or personal property
for the use and purpose Of said cor
poration. In the absence Of actua
fraud in the sale of any such propert,
the judgement of the directors as t
value of such property shall be deemed
final and conclusive.
ARTICLE V.
The time of the commencement o
this corporation shall be at the dat,
of the filing of these Articles Of In
corporation in the office of the. ArizonI
Corporation Commission at Phoenix
Arizona, and the said corporation shall
endure for twenty-five (25) year
thereafter unless sooner terminated.
Article VI.
The affairs Of the corporation shall
be conducted by a board of directors
consisting of five (5) persons, and ma,
be increased to seven CD in numbel
by a majority vote of the stockholders
at any regular meeting, all of whom
shall be stockholders of this corpora
ton, and who shall be elected annual,
at the regular meeting of the stock
! holders of this corporation, in accord
ance with the provisions of the by
laws. Lyle S. Adams, Ray Ferguson
Hosea Greenhaw, Charles A. Bankert
tute the board OF directors of this cor
poration, and shall hold office as sucl
until successors are duly elected ant
qualified. The powers Of the board o
directors of this corporation, and of al
officers. shall be defined by the by
laws to be adopted by this corPor
alton.
ARTICLE VII.
The officers Of this corporation shall
! be a President, a Vice President,
Secretary, Treasurer and General Man
. ager. Said officers shall be electe'
i, annually by the board of directors il
accordance with the provisions of tn
bylaws. The following persons shall
be the officers Of this corporation unit
their successors are elected and quail
fled:
President: Hosea Greenhaw.
Vice. President: Ray Ferguson.
Secretary Treasurer: Charles A
Bankerd