Arizona republican., 1901-05-30
ARTICLES OF INCORPORATION OF FS.MERALDA OIL AND DEVEI, OPMENT COMPANY OF
 ARIZONA.

Know All Men By These Presents: That we. the undersigned, this day vol untarily associate ourselves together. for the purpose of forming a corpora ton under the laws of the Territory of Arizona. And we do hereby cerify as follows:
 First: That the name of said corpo- ration shall be "Esmeralda Oil and Development Company of Arizona" and it's principal place of transacting business shall be at the City of Phoe- nix. Territory of Arizona, with branch offices at the City and County of San Francisco, State of California, and at ouch other place or places as may here after be determined by the Board of Directors of the corporation; that the names of the oorporators are: H. s. Field, w. J. Whitney, R. R. Haskell. Herbert Mills. c. T. Behan, George Berg.
 Second: That the general nature of the business for which the corporation Is formed is the acquiring possession of and sitle to oil. mineral timber and agricultural lands, by location, pur- chase. bond. lease or gift; the holding and owning of said lands and the dis posal or the same by sale. bond lease or gift; the acquiring possession of, title to and owning water rights and the disposal of the same by sale, bond, lease or gift; the development and inn provement of lands and water rights acquired by the corporation by the boring or sinking of wells or shafts. or by the digging or driving of tunnels or drifta the erecting of buildings. hoist ing works, boring and drilling machin cry, warehouses, factories. furnaces. mlllS and refineries necessary to the proper conduct of the business of the coipofa atdon and the operation of the same ;the construction of trans and other roads. pipe lines fumes, ditches. dams tanks and every thing necessary to the proper conduct of the business of the corporation and development of its properties; the buying and selling of merchandise. oils. minerals, metals. timber. lumber, machinery. hardware and agricultural products, and to do and perform all acts and things per ta'r'rg thereto or connected herewith which may be proper and necessary or useful to the main purpose and object or this corporation not inconsistent With the laws of the Territory of Ari- zora made and provided for the goy- ernment of corporations.
 Third: That the amount of the cap- ital stock of said corporation is Five Hundred Thousand (5OO,0O0) Dollars: that the number of shares into which c ic Eitya t5o0,O0O) of the par value of One u) Dollar each.
 That the capital stock shall be paid at such times and in such manner as the Board of Directors shall determine and authorize.
 Fourth: That the term for which said corporation is to exist is Twenty i've (25) years from and after the date of its incorporation.
 Fifth: That the buo.ness Of said cor poratdon shall be managed and con. trolled by a board of seven CD Direc- tors who shall be elected at a meeting of the stockholders of said corporation to be he'd on the second Monday in May or each year, and who shall serve TOT one year from the date of their election and until their successors are elected and qualified.
 Sixth: That the indebtedness of the corporation shall not exceed two-thirds (2-S) of the amount of it's capital stock.
 Seventh: That the private property of the stockholders is to be exempt from corporate debt.
 Eighth: That the capital stock of the corporation Is to be forever nont assess able and the Board of Directors is. pro- hibited from levying Assessments there- on for any purpose whatsoever
 In witness whereof We have hereunto set our hands and seals this 18th day of May. A. D. 1901
 n. $. FIELD. (Seal)
 w. J. WHITNEY. (Seal)