Arizona daily citizen., 1901-06-22
Articles Of Incorporation Of the Monterey
Consolidated Oil Company"

Know all men by these presents: 1hat
we, the undersigned, have associated
ourselves, and by these presents do as
socia,e ourselves, for the purpose OF
forming a corporation under and by
virtue of the laws of the Territory ot
Arizona, with the name and purpose
hereinafter written: And we do further
certify and set forth
First-Tfiat the name of said corpor-
alton Is and shall be the Monterey Con-
solidated Oil Company"
Second--That the names of the incor-
porators are H. &. Wright, F. Bader, 0.
{. Mcfarland, Fl. T. Hendricks, and G.
w. Hinkle.
Third-That the principal place of
business and Office of this corporation is
at tucson, in the County of Pima, Ter
ritory of Arizona.
Fourth-That the purpose for which
said corporation is formed and the gem
eral nature of the business to be tran
sacted by it, are:
To engage in the business of mining
for Oil, and of refining the same, and of
selling it for profit;
To acquire by deed, gift, will, grant or
otherwise, lands, tenements, heredita-
ments, leaseholds, estates, water, water
rights, oil wells, pipe lines, bonds, notes,
bills, claims. evidences of indebtedness,
stock or bonds of incorporated compa-
nies, patent rights, and licenses, proper
ty OF every kind and every estate, right,
interest and appurtenances in or to or
concerning real and personal property
of every name and nature legal and equit-
able, and to have and hold, use and en-
10y, manage and control, grant, assign,
transfer and convey, incumber by mort
gage or deed of trust, and otherwise
dispose of the same, and every part
thereof, or interest therein; and to sell
or exchange the capital stock of this cor
poration, or any part thereof, for the
capital stock of other corporations, or
any part thereof and for other property
rights or franchises, as the board of di-
rectors of this corporation may deem
necessary for the purpose of this cor
poration and the transaction of its busi-
ness: also to establish ageueies and Off
ces in this Territory. and in the State of
California and elsewhere, and to employ
any and all kinds of servants, laborers,
employees and assistants to carry on
said business Of mining for oil and of re
fining and selling the same, and to sell
oils and products mined by its.lf or
other persons or corporations IN Cali
foruia and other states and territories OF
the United States of America and in
foreign countries: ALI of the aforesaid,
subject to such restrictions as are pro-
vided by law.
Fifth--The amount of the capital
stock of the corporation shall be five
hundred thousand dollars $500, ,o00),
divided into one million shares Isl, 900, :
ooO) of the par value of fifty i.50) cents
each. 500 shares of said stock shall be
issued to each Of the individuals named
above as the incorporators of said COM
pauy, AMI the remaining stock shall be
issued when the same is sold to subscri
bers, and the whole of the stock of this
company shall be non-assessable, except
by amending these articles of iucorpora-
ton.
The time when the capital stock of
this company is to be paid in, and the
conditions upon which it is to be paid
in, shall hereafter be fixed by the board
of directors OF said corporation.
Sixth-The time of the commencement
of the business of this corporation shall
be the day of the fling of these articles
of incorporation in the Office of the re-
corder of the County of Pima, in the
Territory of Arizona, and the termina-
ton thereof shall be twenty-five years
thereafter, unless sooner wound up, in
conformity with the laws of Arizona.
Seventh-The affairs of this company
shall be conducted by board of FIVE
directors, aud the above named incor-
porators shall be aud constitute the
board of directors of this company until
81 t.a.r <f,,l,. al tad ss.A
qualified, and the board of directors of
said company shall conduct the business
of the same, and a board of directors
shall hereafter be elected annually on the
first Monday of June of each year, and
the foregoing named directors shall CON
stitute the board of directors of this
company until their successors are duly
elected and qualified.
No person is eligible to be a director
of this corporation who is not stock
holder thereof, and any directorceasingt to
be stockholder, his Office at once be-
comes vacant and may be filled by the
board of directors at its next meeting,
Eighth-The private property of the
stockholders of this corporation shall be
exempl from, and not liable in any case
f)r any of the debts of this corporation.
Ninth--The highest amount of indeb-
tedness or liability to which this corpo.
ration at any time is to subject itself is
FIVE thousand dollars $5,O00.)
Tenth-The board of directors shall
have power to elect President, Vice
President, Secretary and Treasurer from
their own board, and to make bylaws,
rules and regulations, necessary to carry
into execution the affairs of this COM
paAy.
Eleventh-The amount of the said
capital stock hereinbefore mentioned
which has been actually subscribed, is
twelve hundred and fifty dollars ($1250),
and the following are the names of the
persons by whom the same has been
subscribed, to. wit;
Names OF No. OF
Subscribers. Shares. Amount.
H. E. Wright, 500 $250.OO
F. Bader, 500 $25O.0O
o. c. Mcfarland, 500 $4,000
II. T. Hendricks, 500 $25O.OO
G. w. Hinkle, 500 $25O.O0
In witness whereof, we have hereunto
set our hands and seals this 18th day Of
June, 1901.
H. E. Wright (Seal)
F. Bader, (Seal)
AZ