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DIVISION IV

System of Corporation Forms and Precedents

PART ONE

FORMS OF INCORPORATION

PART TWO

FORMS OF CONVEYANCING

DIVISION IV

SYSTEM OF CORPORATION FORMS
AND PRECEDENTS

PART ONE-Forms of Incorporation

$370. Form of Articles of Association Under Consolidated Corporation Law. Common Stock Only.

ARTICLES OF ASSOCIATION

of

We, the undersigned, desiring to become incorporated under the provisions of Act No. 232, of the Public Acts of 1903, entitled "An act to revise and consolidate the laws providing for the incorporation of manufacturing and mercantile companies, or any union of the two, and for the incorporation of companies for carrying on any other lawful business, except such as are precluded from organization under this act by its express provisions, and to prescribe the powers and fix the duties and liabilities of such corporations," and the acts amendatory thereof and supplementary thereto, do hereby make, execute and adopt the following articles of association, to-wit:

ARTICLE I.

The name assumed by this association, and by which it shall be known in law, is

ARTICLE II.

The purpose or purposes of this corporation are as follows:

ARTICLE III.

The principal place.. at which operations are to be conducted.

is at .. State of

in the county of ..

ARTICLE IV.

The capital stock of the corporation hereby organized is the sum of . dollars.

ARTICLE V.

The number of shares into which the capital stock is divided of the par value of ....

is ..

.. dollars

each.

ARTICLE VI.

The amount of capital stock subscribed is the sum of..

dollars.

ARTICLE VII.

The amount of said stock actually paid in at the date hereof is the sum of

amount

cash, and

dollars, of which dollars has been paid in dollars has been paid in

other property, an itemized description of which, with the valuation at which each item is taken, is as follows, viz:.

(For form of itemized description and valuation see Sec. 469 post.)

ARTICLE VIII.

The office in the State of Michigan for the transaction of business shall be kept at

ARTICLE IX.

The term of existence of this corporation is fixed at.. years from the date hereof.

ARTICLE X.

The names of the stockholders, their respective residences and the number of shares of stock subscribed for by each are as follows:

Names.

Residence.

No. of Shares.

IN WITNESS WHEREOF, We, the parties hereby associating, for the purpose of giving legal effect to these articles, hereunto

sign our names, this

A. D. 19. . . .

day of

Names.

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county, personally appeared

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known to me to be the persons named in, and who executed the foregoing instrument, and severally acknowledged that they executed the same freely and for the intents and purposes therein mentioned.

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being duly sworn do depose and say that they are three of the organizers of the Company,

whose articles of association are hereto attached; that they know the property described in Article seven of such articles of association and taken in payment for capital stock, and that the same has been actually transferred to such corporation, and further say that said property is of the actual value of .... Dollars. And further say not.

Subscribed and sworn to before me this

day of ....

A. D. 19....

Notary Public.

My commission expires

§371. Form of Articles of Association Under Consolidated Corporation Law.-Common and Preferred Stock.

ARTICLES OF ASSOCIATION
of

We, the undersigned, desiring to become incorporated under the provisions of Act No. 232, of the Public Acts of 1903, entitled, "An act to revise and consolidate the laws providing for

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