Arizona republican., 1900-08-06

for the purpose of becoming incorpo- rated, do h.reby under the provision of Title 12 of the revised statutes of the Territory of Arizona, so associate our selves and for such purpose by hereby adopting the following articles of in corporation, to-wit:
 Article l. The names of the incor- porators hereof, are the following, to- wit:
 Geo. w. Howard of San Francisco, California
 H. T. Waite of Oakland, California,
 P. H. Soule of San Francisco, Cali fornia.
 c. A. Laying of Los Angeles, Califor- mia.
 1T. W. Cottle cf Escondido, Califor- nia.
 The name of the corporation shall be the Phoenix Oil and Fuel Company of San Francisco, Cal''
 The corporation shall have two prin- cipal places of business, one being in the city of Phoenix, County of Mari copa, Territory of Arizona, and the other in the city of San Francisco. County of Sa n Francisco, State of Cal ifornia.
 Article 2. The general nature of the business proposed to be transacted is:
 First-To acquire by purchase, lease. location or otherwise, real and per sonal properly, particularly such as may be deemed useful or convenient for the purposes of developing oil, gas or other min erals, and to let, improve, hypothecate, sell, lease or otherwise enjoy or disr ose of the same Second-To construct wells, tunnels n Ot he r., tt,a ,f 1 oil, gas or other minerals, and to ex- tract from tte ground oil, gas or other minerals and to use, sell, dispose of or otherwise enjoy the same. Third-Tc construct roads pipelines for water oil or gas, or other works that may be necessary for the purpose of carrying on such business as the cor poration may desire to become engaged l In.
 Fourth-To purchase, use, sell or oth- erwise deal in oil. gas or other min- erals. or stock of oil companies, or ma- chinery incidental to the use of any of the purposes herein indicated.
 Fifth-To do any and all lawful acts that may be necessary, convenient or ! desirable in order to carry out the gen. eral purpose herein indicated. | Article 3-The capital stock of the corporation shall be the sum of Six Hundred Thousand (S6OO,000) Dollars. i which shall be divided into Six Hund- red Thousand shares of the par value | of One (s1.O0) Dollar each, Three Hundred Thousand (s30O, ,OO0) Dollars, of which has been subscribed, and the time when and the conditions upon which it is to be paid in, are as fol- 1 lows, tO-wit:
 | The corporators shall transfer to the | corporation certain lands and a lease or leases upon certain other lands, or mineral claims which are hereby ap- praised and valued at the sum of Three Hundred Thousand ($300, ,OO0) Dollars and upon the, execution of good and sufficient deed, lease or leases thereto 1 the corporation shall issue it's receipt 1 in full for the entire amount of pay ments upon the said Three Hundred Thousand (S3OO, ,00O) Dollars of capital i stock. The remainder of the 1 stock shall be disposed of within twenty years from the date of organi- zation in the manner and for the con- sideration placed upon the same by ths board of directors of said corporation and whenever receipt or aclnowledg. ment of the corporation shall be given | OF Ildue OI the Iull payment upon any stock, the same shall thereafter be deemed fully paid and forever non assessable.
 Article 4. The time of commence inent of the corporation shall be when these articles are filed with the county recorder Of the County of Maricopa. Territory of Arizona, and the termina- i ton of the corporation shall be Twenty-Five (25) years thereafter.
 Article 5. The corporate powers of the corporation shall be vested in board of five (5) directors, who shall be stockholders, holding at least ten Q0) shares of stock, each in their own name on the books of the company, ard the time when they shall be elected shall be at the hour of 10 o'clock a. m. on the first Tuesday of June, of each and every year at the office of the com- pany in San Francisco, California.
 Article 6. The highest amount of in debtedness or liability to which the. corporation is at any time to subject Itself shall be the sum of Ten Thou