Mesa free press., 1900-08-31
ARTICLES OF INCORPORATION
OF the Pittsburg Consolidated Oil Com
- pany


he territory OF Arizona. and for that
purpose do hereby ADOPT sigl aul acE-
lowledge these articles of inc, rpr ra-
lion.
!. The name Of this corporation is
and shall be the Fittsnl lrg Consolidated
Oil Company, and he names of the in
corporators thereof are Chas 3. Van
Worst, D. C. Morrison, F. w. Bassett,
A. A. Duncan r. M. Galbraith, A. T..
and Frank H. Lyman.
II. The principal place for the trans
action of the business of this corpora
tiop is and shall be the city Of Phoenix,
in the county of Maricopa in the terri
tory Of Arizona, but said corporation
shall have an Office for the tr1nsaction
of business at the city Of Los Angeles,
Los Angeles county, state Of Califcr-
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-
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
convenient and necessary to
carry out and fulfil all or any Of the
various matters or things hereinbefore
as fully to all intents and
purposes as if the same were herein
specifically set forth.
". The amount of capital stock au-
thorized by this corporation is and
shall be seven hundred and fifty thous-
and ($750,00O. 00) dollars, to be dirid,
ed into seven hundred and fifty thous-
and (750,O0O) shares, Of the par value
of one dollar ($1 OO) per share. The
same shall be worcestershire, and shall
be paid for at the date Of issuance, in
cash or property.
V. The time of the commencement
of this corporation shall be the date
Of the fling of these articles of incor-
poration for record in the Office oe the
county recorder Of Maricopa county in
the territory Of Arizona, and the ter
mination thereof shall be twenty-five
(25) years from and after said date.
VI. The affairs of this corporation
shall be conducted by board of seven
(T) directors, each of whom shall be a
stakeholder therein, and said directors
shall be elected annually by the stock
holders of said corporation on the first
in July Of each yea". The
following persons have been chosen,
and shall be the directors of said cor
poratfon for the first year, holding their
Office until the first Monday in .Jnly,
1901, and until their successors are
elected and qualified, viz: Chls. B.
Van Worst, d. c. Morrison, f. w .Bas-
sett, A "A. Duncar R. M. Galbreth,
A. p. ShI ewman and Frank Fl Ly1ran.
VII. The highest amount of in
debtedness or liability to which this
corporation is at any time TO subject
itself is one hundred thousand ($i00.-
900 OO) dollars.
VIII. The private property of the
stockholders of this corporation shall
be exempt from any and all corporate
debts, and the stockholders thereof
shall be personally exempt from all LA
bility for any of the debts of this cor
pOration.
TX. The officers of this corporation
shall be president, a 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 CSC. .0O) 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. c. Morrison. 49,. . 10 shares $40. 90
F. W. Bassett ....... 10 shares $40 90
A. A. Duncan. -. :. 10 shares $1,000
R. M. Galbreth.. 10 shares $1,000