said stockholders' meeting. The secretary thereupon reported the purchase by this corporation of the property offered to this corporation by as set forth in the minutes of the meeting of said board of directors, and pursuant to and in accordance with the previous recommendation in that behalf made by the stockholders of this company, whereupon, on motion of ... seconded by the action of the board of directors in the purchase of said property was unanimously ratified and confirmed.

The minutes of said stockholders' meeting, having been then prepared as hereinbefore set forth, were read and approved. There being no further business to come before the meeting of stockholders, the same was adjourned without day.

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 to 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

Company.

ARTICLE II.

The purpose or purposes of this corporation are as follows: The manufacture, purchase, sale, dealing with and dealing in, furnaces, heating plants, and heating and heat regulating machines, systems, devices, tools and appliances, together with all of the fixtures, furniture, tools, machinery, supplies, ornaments, accessories and repairs incident thereto or useful therewith.

ARTICLE III.

The principal place at which operations are to be conductea is at the city of .. in the county of ...

state of Michigan.

ARTICLE IV.

The capital stock of the corporation hereby organized is the sum of one hundred thousand ($100,000) dollars.

ARTICLE V.

The number of shares into which the capital stock is dividea is one thousand (1000) of the par value of one hundred ($100) dollars each.

ARTICLE VI.

The amount of capital stock subscribed is the sum of one hundred thousand ($100,000) dollars.

ARTICLE VII.

The amount of said stock actually paid in at the date hereof is the sum of one hundred thousand ($100,000) dollars, of which amount ten thousand ($10,000) dollars has been paid in cash, and ninety thousand ($90,000) 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.:

The following described property, both real and personal, at the date hereof is situate in said city of and con

sists of and includes, except as hereinafter reserved, all assets of every name, nature and description hitherto, on the date. hereof, used in or incident to the furnace manufacturing and selling business, which business, for many years past, and at the

date of transfer of said property to this corporation, was owned and actively conducted by said

at said Company,

ITEM I.

REAL ESTATE, consisting of lots numbered three (3), four (4), five (5), and also ten (10) feet in width off the south side of lot numbered two (2). all being subdivisions of lot numbered sixty (60) of said city of .... as appears by the recorded plat thereof, which item is taken at a valuation of

.$ 9,866.80

ITEM II.

OFFICE FURNITURE, FIXTURES, APPLIANCES, STATIONERY AND SUPPLIES of every description, situate upon the premises above described and consisting principally of desks, safe, filing cabinets, typewriters, catalogs and circulars, which item is taken at a valuation of

$ 1,257.64

ITEM III.

SHOP FURNITURE AND FIXTURES of every description, situate upon the premises above described, and consisting principally of work-benches, steel racks and elevators, which item is taken at a valuation of

ITEM IV.

$

645.25

PATTERNS, FLASKS AND FOLLOW-BOARDS of every description, situate upon the premises above described, and being all of the same incident to the business above mentioned, which item is taken at a valuation of

.$ 6,767.00

ITEM V.

MACHINERY AND TOOLS of every description, situate at the premises above described and incident to and used in the business above mentioned, consisting principally of engine, motor, boilers, fans, crane, line-shafting, pulleys, belting, lathes, saw, tinner's tools and workmen's kits, which item is taken at a valuation of....

ITEM VI.

MERCHANDISE, including all manufactured goods, goods in process of manufacture, and raw material, situate at the premises above described, and in the places of storage of this corporation in said city of.. .., and consisting principally of furnaces, registers, register boxes, ventilators, pipes, elbows, damper collars, dampers, collars and caps, foundry facings and large quanties of sheet steel, asbestos, coke and coal, which item is taken at a valuation of

ITEM VII.

BILLS RECEIVABLE AND ACCOUNTS RECEIVABLE, unmatured and to fall due, to the net amount of $15,213.75, and no more, which accounts are incident to the said business transferred to this corporation, and have been assigned with collection guaranteed to this corporation by said .... which item is taken at a valuation of

ITEM VIII.

TRADE MARK, TRADE NAME, PATENT, ESTABLISHED TRADE AND GOOD WILL of said unincorporated .... .... Company, as a going concern, the name, assets and business of which concern this corporation is formed, primarily, to take over, own, manage and continue, which item is taken without cost to this corporation, and is therefore taken without valuation

Total value of property taken..
Cash paid in

Total paid in

$ 6,362.14

.$ 49,887.42

$ 15,213.75

.00

$ 90,000.00 .$ 10,000.00

$100,000.00

(Detailed description and valuation as of the date of June 1, 1908, of all of the property hereinbefore described appear upon the regular books of said unincorporated ...

Company, now in possession of this corporation at its said prin cipal office, and applicable to the date hereof, which books are open to public inspection.)

ARTICLE VIII.

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

in the

county of..

in said state.

ARTICLE IX.

The term of existence of this corporation is fixed at thirty (30) 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:

IN WITNESS WHEREOF, We, the parties hereby associating, for the purpose of giving legal effect to these articles, hereunto sign our names, the eighth day of June, A. D. 1908.

(Signatures.)

On this eighth day of June, 1908, before me, a Notary Public in and for said county, personally appeared

known to me to be the persons named in, and who executed the