Mesa free press., 1900-08-24
ARTICLES OF INCORPORATION
OF the Pittsburg Consolidated Oil Com
pany 80

er for the purpose OF forming como
fation under the statutes and laws Of
the territory OF Arizona. AMI for that
purpose do hereby adopt sign an acl.-
these articles of inc, rp ra-
tion.
4. The name, Of this corporation is
and shall be the Fittsnlrg Consolidated
OIL Company, and The names of the in
corporators Thereof are Chas. 3. Van
Worst, D. G.. Morrison, F. w. Bassett,
A. A. Duncan, r. M. Galbraith, A. +.
Shiewman and Frank H. Lyman.
II. The principal place for the trans
action of the business of this corpora
tion is and shall be the city Of rhoenix,
III the county of Maricopa in the terri
tory Of Arizona, but said corporation
shall have an office for the tr1osaction
of business at the city of Los Angeles,
Los Angeles county, state Of Calircr-
MIA, at which latter place meeting of
the stockholders, directors and officers
may be held.
III. The general nature of the bust
ness proposed to be transacted by this
corporation is,
1. To buy, grant, own, hold, acquire.
lease, sell, mortgage, operate and de-
velop oil and petroleum lands, water,
water rights and water bearing and
other lands within the state of Cali
fornia
2. To hold stock in other corpora
tions, and to refine, manufacture and
deal in petroleum oil and products, and
to acquire, own, sell, mortgage, hy-
pothecate, or otherwise dispose Of
stock and shares of other corporations,
and to sell its own property and stock
and franchises, or any part thereof, or
as an entirety.
9. To do each and every act and thing
proper, convenient and necessary to
carry out and fulfil all or any of the
various matters or things hereinbefore
enumerated, as fully. to all intents and
purposes as if the same were herein
specifically set forth.
w. The amount of capital stock au-
thorized by this corporation is and
shall be seven hundred and fifty thous,
and ($750,00O. O0) dollars, to be diyid.
ed into seven hundred and fifty thous-
and (750,0O0) shares, Of the par value
of one dollar ($1 .OO) per share. The
same shall be non-assessab1e, and shall
be paid for at the date of issuance. in
cash or property.
V. The time Of the comment cement
of this corporation shall be the date
of the filing Of these articles of incor-
poration for record in the Office oc the
county recorder Of Maricopa county. III
the territory of Arizona, and the ter
mination thereof shall be twenty-five
(25) years from and after said date
VI. The affairs of this corporation
shall be conducted by board of seven
(T) directors, each of whom shall be
stakeholder therein, and said directors
shall be elected annually by the stock
Monday in July Of each yea". The
following persons have been chosen,
and shall be the directors of said cor
poration for the first year, holding their
office until the first Monday in .Jnly,
1901, and until their successors are
elected and qualified. viz: Ch,s. B.
Van Worst, D. G. Morrison, T. w. .Bas-
sett, A A. Duncsr r. M Galbreth,
A. P. ShI ewman and Frank HI Lyman.
VII. The highest amount Of in
debtedness or liability to which this
corporation is at any time to subject
itself is one hundred thousand l$1oQ,-
900 .00) dollars.
VIII. The private property Of the
stockholders of this corporation shall
he exempt from any and all corporate
debts, and the stockholders thereof
shall be personally exempt from all liza
bility for any of the debts of this cor
poration.
TX. The officers Of this corporation
shall be president, a vice president,
secretary, an assistant secretary and
treasurer, who shall be chosen an
nually by the board of directors at a
meeting to be held Immediately after
the ANNUAL election of such directors
and such officers shall hold office for
one year thereafter and until their suc-
cessors are duly chosen and qualified
x. The amount of capital stock of
this corporation which has been actu-
ally subscribed is seventy ($70. .OO) dol
lars, and by the following persons, and
in the number of shares set opposite
their nance.
Chas. B. Van Worst, 10 shares $1,000.
d. G.. Morrison. ..... 10 shares $40. 90
F. w. Bassett. ....... 10 shares $40. 90
A. A. Duncan. :. 10 shares $1,000