Arizona republican., 1919-10-14
(SEAL)
Secretary Chairman
ARTICLES OF INCORPORATION

ARIZONA SPIRAL MACHINE COM
KNOW ALL MEN BY THESE
PRESENTS: That we, LYLE s..
ADAMS of Nogales. Santa Cruz
County, Arizona, and RAY FERGU-
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 l.
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,
I 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 AN 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-
|
of Adams Patents Company, corpor-
alton.
To buy, sell, mortgage, lease, rent
improve, exchange, and otherwise ac-
quire, and dispose of and deal in reaI
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 tbs
corporation shall be ONE HUNDRED
THOUSAND ($100,000.00) DOLLARS
| Divided into one thousand 1,000,
shares Of the par value of ONE HUN.
DRIED (s100.00) DOLLARS each.
The capital stock shall be common
stock and the terms upon which sucl
stock is created are that it shall b,
issued to the full par value thereof
and said stock shall be issued as full!
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 TO
in cash or service, or by the sale ant
transfer of real or personal propert,
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 deeme,
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 Arizon
Corporation Commission at Phoeni1
Arizona, and the said corporation shal
endure for twenty five (25) year
thereafter unless sooner terminated.
Article VI.
The affairs of the corporation shal
be conducted by a board of director:
consisting of five go persons, and ma
be increased to seven CD in numbe
by majority vote of the stakeholder
at any regular meeting, all of whor
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. Lytle S. Adams, Ray Ferguson
, Hosea Greenhaw, Charles A. Banker
and &C. Chapman, shall be and cQnsti
, tute the board of directors of this cor
, poration, and shall hold office as sue
until successors are duly elected an
qualified. The powers of the board {
! directors of this corporation, and of a
) officers, shall be defined by the by
: laws to be adopted by this corpor
{ alton.
ARTICLE VII.
e The officers of this corporation sha
: be a President, a Vice President,
1 Secretary, Treasurer and General Mar
v ager. Said officers shall be electe
t annually by the board of directors j
accordance with the provisions of tt
bylaws. The following persons sha
be the officers of this corporation unit
!. their successors are elected and quail
fled:
|. President: Hosea Greenhaw.
y Vice-President Ray Ferguson.
Secretary Treasurer: Charles !
/, Bankerd.
q General Manager: Lyle S. Adams
\ ARTICLE VIII.
: The highest amount of indebtednei
. or liability, direct or contigent,
: which this corporation is at any tin
q subject, shall not exceed two-thir,
(2-3) of it's capital stock
: ARTICLE TX.
The private property of the stool