Arizona daily citizen., 1901-01-24
Article |.

ourselves together and adopt the following
tices OF incorporation, for the purpose Of
forming corporation under the laws OF the
Territory of Arizona.
Article l.
The name OF this corporation shall be the
"Paola Oil Company" and the principal place
for transacting its business shall be at Tucson,
Pima county, Territory OF Arizona, but the cor
poration proposes to carry ON business in the
state OF California. and will have an office at
Los Angeles, i'll the state OF California.
Article II.
That the purposes for which this corporation
Is formed are: to drill for, and develop oil,
asphaltum, and other minerals; to transport
and refine oil or otherwise prepare the same
for market; to acquire, purchase, hold, i'm
prove, work, and operate. sell and convey oil
wells, oil machinery, oil and mineral lands,
and 10 erect all necessary buildings and machi-
merry necessary for said purposes; to procure,
locate and purchase water and water rights !;
to locate under the laws of California, Arizona,
and the United States, placer and lode mining
claims; To construct bitches, fumes or pipe
tiues; to issue, sell and convey stock, bonds
ana mortgages; to purchase, acquire, hold and
convey real and personal property; 10 farm
and cultivate any lands acquired by the corpo-
ration, and generally to do ali things neces
sary to carry on said business.
Artiile III.
The amount of capital stock authorized to be
issued is seven hundred and tifty thousand
shares of the par value OF one dollar each, and
when issued shall be forever non -assessa BILE
and may be issued for cash, property or seryi-
ees and shall be paid up in full when issued.
Article ".
The time OF the commencement of this cor.
poratfon shall be the date these articles are
hled with the county recorder OF the said coun
ty Of Pima. This corporation shall exist for
twenty-five years from It's commencement.
Article V.
The affairs OF this corporation shall be con-
Quoted By a board of directors COMPOSED of
five stockholders, to be first elected on the drst
day Of November, 1901, and until such election
r: II. Knight A. Samuel Parks Walter H.
Wren, w E. Baxter and Warren Gillelen shall
he such directors.
Article VI.
The highest amount of Indebtedness or
liability to which the corporation is at anv
time to subject itself shall be fifty thousand
dollars.
Article VII.
The private property of the stockholders OF
this corporation shall be absolutely exempt
from liability for the corporate debts
Article VIII.
These articles of incorporation may be
amended by . wo-thirds vote of the legally re-
presented stock of this corporation at any re-
guiar meeting of the stockholders or any
special meeting called for that purpose, and
the amendments shall be filed with the county
recorder of said county of Pima, and printed
as required by law
Article TX.
ihat the ulTeCIoTH Oh LnlS corporation may
adopt bylaws for this corporation ut their first
meeting. Elections OF directors and stock hold
ers meeting (annual) shall be held yearIyson
the first day of November OF each year after the
year 1900.
In witness whereof We have hereunto set our
hands and seals this 10Th day OF October, 1896
in duplicate.
Walter II Wren, Seal
A Samuel Parks Seal
k. ii. knight, Seal
Ten cent Rev. stamp cancelled.
STATE OF CALIFORNIA,
County OF Los Angeles. So
Before me, Calvert Wilson, II notary public
in and for the said county OF Los Angeles and
state OF California personally appeared Walter
H. Wren, A. Samuel Parks and H. H. knight
known 70 Inc to be the persons who executed
the within instrument, and who are men TONED
In the same, and they and each OF them
acknowledged TO me that they hnd each Of
them executed the said articles OF incorpOra-
ton OF the "Paola Oil Company" for the pur-
poses and consideration therein expressed
Given under my hand and seal of off;re this
18th day OF October, A. D., 1900.
Seal. CALVERT WILSON ~
Notary Public In and for the county OF Los An.
geles, State Of California.
My commission expires July 25, 1904
Ten cents Rev. stamp cancelled.
First pub Jan 21 last Jan 26.