The Arizona sentinel., 1900-07-18
ARTICLES OF lNCORPORATiON
 of the THE PORTLAND OIL COMPANY,

KNOW ALL MEN BY THESE PREs
 ents: That we, the undersigned, have as
 soclated ourselves together for the purpos
 of forming a corporation under the laws C
 the Territory of Arizona and we do hereb adopt, sign and acknowledge these Article ] Iof incorporation, and certify and declsr, / as follows:
 FIRST. That the names of the inCor
 porstors are k. W. Davies, Sidney Seloyer
 I. J. Douglass, $. w. Alexander, J. B.
 Alexander and c. Q. Stanton That the
 name of said corporation is and shall be the
 Portland Oil Company, and it's principa
 place of transacting business is and shall
 be the City of Yuma, in the County of
 Yuma, Territory of Arizona.
 SECOND. That the general nature of the
 business proposed to be transacted is: 1. To buy, locate or otherwise acquire. sell, hold and lease mines, mining claims and mineral lands of every kind, including lands containing gold, silver, copper, petro leum, coal, aSphaltum, or deposits of kindred nature
 /. To open mines, bore oil or petroleum wells, to operate, manage and control the same, and to market and dispose of the products thereof, and generally to carry on the business of mlning. including the min ing ot coal petroleum and kindred sub- stances, gold and silver, and the business ot refining and reducing the same into their various products, and the marketing thereof 3 TO construct, maintain, lease, acquire. operate, manage and control telephone ilnes, pipe lines, and other conepits, for the ! transportation of oil or water, and to engaoe III the business of transporting oil, by pipe ! mes or other means, and to acquire and ! hold the land necessary or convenient therefor.
 1. To buy, or otherwise acquire hold, | lease, sell, or otherwise dispose of, manage 'ahd control, real and personal property. of every kind, including water, water rights, and shares of stock in other corporations.
 THIRD. That the amount of capitaI stock authorized is five hundred thousand (9O0'OOOl shares of the par value of one dol lar each, making in all five hundred thou sand ($50O,00O.0Ql dollars; all of which shall be enon-assessable; three hundred and hfty thousand (350, ,Q000O) dollars of which IS subscribed by the corporators, and shall be paid in immediately and dunconditionalIv upon the organization of the corporation; and one hundred and fifty thousand U5O.. { 0O0) shares of which shall be placed in the treasury Of the Company to be disposed of oy the Board of Directors thereof at such times and upon such terms and conditions I as they may deem advantageous to the corporation, and shall be paid in at such 1Ihe, ana upon such terms and conditions ! as said Board shall direct r FOURTH. The time of the commence I nent of such corporation shall be the date )f the hllng Of these Articers of Incorpora- lon tor record in the office of the Country Recorder of Yuma County, in the Territory i; 't Arizona, and the termination of the said corporation shall be fifty years from and U liter its commencement. e FIFTH. The officers or persons by whom he affairs of the corporation are to be con- tucted, are, and shall be Board consisting T 't hve Directors, and President. Vice lt resident, Secretary, Treasurer and General i: Manager, to be chosen by said Board of C. Directors. That the following named per- U ons have been chosen to act and shall be l he Directors and officers of said corpora- f, ion until their successors shall have been :, ,hosen or elected on the second Tuesday " n June, 1901, as required by law, and shall G lave qualified; namely, Director and Pres dent E.W. Davies, Director and Vice Pres dent Sidney Selover, Director and Secretary . }. w. Alexander, Director and Treasurer t !. J. Douglass, Director and General Man. f lger C. Q. Stanton.
 SIXTH. That the times at which said Y Directors and officers are to be elected are a It each annual meeting of the corporation 2 o be held upon the 2nd Tuesday in June = 'f each year the first directors and officers however, who shall hold office until the c second Tuesday ill June, l9O1 shall be the 9 lbove named directors and officers.
 SEVENTH. The highest amount of in- or liability to which the corpora Il ion is at any time to subject itself, is and " hall be the sum of ten thousand (S1O, Oo0> . lo!lars, and that the private property of the F tockholders in said corporation is to be and q hall be exempt from corporate debts. n IN WITNESS WHEREOF, the abore lamed corporators have hereunto set their V lands and seals this 9th day of June, 1900. O.