Mesa free press., 1900-08-17
ARTICLES OF INCORPORATION
Of the Pittsburg Consolidated Oil Com
pany


That we. the undersigned, do hereby
Voluntarily associate ourselves togeth-
er for the purpose Of forming como
ration under the statutes and laws OF
the territory OF Arizona. and for that
purpose do hereby adopt. sign ani acE-
Iowledge these articles of incurpnra-
ton.
I. The name of this corporation is
and shall be the Fittsnlrg Consolidated
Oil Company, and the names Of the in
corporators thereof are Chas. B. Van
Worst, D. G. Morrison, F. w. Bassett,
A. A. Duncan, r. M. Galbrsith, A: r.
Shrewman 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 Phoenix,
III the county of Maricopa in the terri
tory of Arizona, but said corporation
shall have an Office for the transaction
of business at the city Of Los Angeles,
Los Angeles county, state OF Califor-
MIA, at which latter place meeting Of
the stockholders, directors and officers
may be held.
III. The general nature Of the busi-
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 it's own property and stock
and franchises, or any part thereof, or
as an entirety,
8. 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.
Nv. The amount of capital stock au-
thorized by this corporation Is and
shall be seven hundred and fifty thous.
and ($75O,0O0. .00} dollars, to be dirfd
ed into seven hundred and fifty thous-
and (750,000) shares, Of the par value
OF one dollar ($1 .00) per share. The
same shall be non-assessable, and shall
be paid for at the date OF issuance, in
cash or property.
v. The time of the commencement
Of this corporation shall be the date
of the filing of these articles of incor-
poration for record in the Office of the
county recorder Of Maricopa county. in
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 a
stakeholder therein, and said directors
shall be elected annually by the stock
holders Of said corporation on the first
Monday in July of each year. 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 July,
1901, and until their successors are
elected and qualified, viz: Chas. B.
Van Worst, D. G. Morrison, q. W.. Bas-
sett, A "A. Duncan r. M. Galbreth,
A. P. Shrewman and Frank Fl. 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 $780,
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, vice president,
a secretary, an assistant secretary and
a 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 sue
cessors are duly chosen and qualified.
x. The amount of capital stock Of
this corporation which has been actu-
ally subscribed is seventy ($70 .00) 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.