Arizona republican., 1901-04-10
ARTICLES OF INCORPORATION
 of the . MERCHANTS OIL COMPANY.

l
 day voluntarily associated ourselves together for the purpose Of fcrn:ing i and do hereby form, corporation un-
 der the laws of the Territory of hri- Zona, United States of America, and
 We do hereby certify and declare: | l. That the names of the incorpora-
 tors are: M. P. Anderson William
 Jung, A. Lernhart, Frederick P. Hell
 wig, Farley D. Granger, l.. NJ. M"F rA-
 ney. r. Y. Hawes and Timothy : . san. That the name of the cn~py. ,1lion is
 and shall be Merchants CT Company.
 And its principal pla~e of transacting i business shall be at ,.Ioenix, County of
 Maricopa, Territc.y of Arizona, with a , branch office at the Town of .,lvarado, County of Alameda, State of California,
 and with other branch offices at such
 ether p!i~ $ as the Board of Directors Of the Corporation shall designate. Said corporation may also transact and carry on business, of the k!nGs and na- ture hereinafter s9ecined and provided for, in other states. territories and countries Whatsoever: and may hold It's annual meeting, and other stock holders and directors meetings at the
 said Town of Alvarado, in said State of California, or at such other place or places as may he determined on and
 designated by a majority of the Board
 or Directors of said corporation. II. The general nature of the busi-
 ness to be transacted by said corpora ton, and the purposes for which it Is formed are: To buy. locate, hire and ta hn.l nd
 manage, operate, improve develop
 lease. demise, sell and hypothecate
 lands, mining claims, water and water
 rights, rights of way, mineral rights,
 oiL oil wells. real estate and interests
 and rights in any real or personal
 property In the United States of Amer
 ica or elsewhere and to execute and
 deliver leases. conveyances, bonds
 mortgages and deeds of trust of the
 same and of any property of said cor poration.
 To improve, develop and cultivate
 mineral. agricultural and all other
 kinds of lands and real property.
 To engage in and carry on the busi-
 ness in the United States of America and elsewhere, of boring and exploring Tor, producing. refining, distilling, treating. manufacturing, shipping, car rying, handling, storing, dealing in,
 buying and selling oils, gypsum, petro- ieum. water. natural and other gas, coal, asphaltum, bitumen, bituminous rock and other mineral, metallic or hy- drocarbon substances, and for such purposes 10 buy and otherwise acquire, hold, own, manage, construct and op- crate refneries. pipe lines, tanks. man ufacturies. machinery, tank cars and other works. property and appliances that may be auxiliary to said business or which may be deemed necessary or convenient therefor by the Board of Directors of said corporation.
 Also to borrow and loan money, and to take and acquire by purchase, ex- change or other lawful mode. and to hold, own. sell. hypothecats and other wise dispose of the capital stock and bonds of this or any other corporation.
 Also to establish and carry on agen- cies, offices, storage tanks, and ware houses, and to sell articles and products manufactured or mined by said corpo- ration or any other person in the Unit ed states of America or elsewhere. to deal in merchandise and all forms of property and in general to do carry on. conduct, transact and perform any and all things, and engage in any form of business, that may be necessary or convenient for carrying out the purposes above stated.
 III. That the amount of the capital stock authorized is and shall be Five Hundred Thousand Dollars ($50O. 900. 00) and the number of shares into which if is divided is and shall be Five Hun dred Thousand $500, ,GOO) of the par value of One Dollar ($l00) each, which when issued shall be fully paid up and non assessabie. or said capital stock Three Hundred and Twenty Thousand (32O.- O0O shares shall be issued from time to time in payment for oil lands, mining claims or other property real or per sonal or both, upon the acquisition of such property, and the balance of said capital stock, to-wit, One Hundred and Eighty Thousand GS0.000) shares shall remain in the treasury of said corpora ton to be disposed of by the Board of l Directors thereof for payment of incor- l poration and other expenses and for | cash upon such terms and at such prices as may be fixed by said Board | and the capital of said corporation | shall consist of the proceeds of said | stock and the real and personal prop- | erty acquired herewith.
 ". That the time of the commence ment of said corporation shall be the date of its incorporation, and it shall terminate twenty-five (25) years from the said date of its incorporation.
 V. That the affairs of said corpora ton shall be managed and conducted by Board of five Directors to be elect ed on the first Thursday of March in each year and the officers of said cor shall be President, Vice President. Secretary and Treasurer. all to be elected by said Board of Di- rectors.
 That the Directors for the first year and until the election and qualification of their successors are F. P. Hellwiy L.. M. McKenney, F. B. Granger. Tim 5thy Dorgan and A. Lernhart.
 VI. That the corporation Is not at any time to subject itself to a greater liability than Ten Thousand Dollars S1O,OOO0O without the written consent If the holders of two-thirds (2-3) of the 'apital stock outstanding at the time he liability is incurred. and in no ease shall indebtedness or liability be in- cured by said corporation at any time