Arizona republican., 1901-04-05
ARTICLES OF INCORPORATION
 of the ARCOLA EXTENSION OIL COM
 PANY

PANY.
 hhoW all men by these presents. that we, the undersigned. Llewellyn H.
 Bartlett, of the city of Boston. county or SuHolk, of the state of Aassachu setts, William Moore, Fred H. Hanson. 1 Thomas F. Allen and Charles F. Rig
 ney. of the city of Bakersfield. county Of Kern and state of California, have
 thls day associated ourselves together
 Tor the purpose of forming a corpora .
 tlon under the laws of the Territory of
 Arizona, and We do hereby certify;
 lst. That the name of such corpora .
 ton shall be The Arcola Extension
 oil Company"
 2nd' That the general nature of the
 business to be transacted shall be the
 acquiring. holding, managing, operat-
 ing ana developing oil claims mineral
 rlShts, oil wells and other real estate
 and interests and rights in any of said
 properties; to engage in and carry on
 the business Of producing, refining. dis
 tllilhg ana manufacturing, buying and
 seiilng, oils. petroleum, natural gas. as-
 phaItum and other mineral and hydro
 carbon substances, and for such pur
 poses to buy and otherwise acquire and
 operate refineries, pipelines. tanks:
 manufacture machinery, tank cars and
 other works, property and implements
 that may be incident or auxiliary to sald business, or that may be deemed
 necessary or convenient by the board or directors. Also to take and acquire
 by purchase, exchange, or other law fui mode. and to hold, own, sell or oth
 erwise dispose of the capital stock and
 bonds of other corporations: to lease or otherwise dispose of the rights. prop. erty, stocks and bonds of this corporation; also to borrow and loan money upon security and otherwise for the purposes of the cor poration; to issue bonds of indebted ness, payable in money lor proper- ty: to act as agent, broker, contractor or trustee in respect to the foregoing purposes; also to establish and carry on agencies. offices, storage tanks and houses, and sell articles and products manufactured by itself and other per- sons or corporations in California and other states and foreign countries.
 Third: That the principal place of business Of said corporation shall be at Phoenix, Maricopa county, Arizona territory, and the places outside of said territory where it may keep branch offices and trasact its business and con- duct its affairs thereat shall be at Bakersfield, in the county of Kern and state of California, and in any other state or place which shall be deter mined by its stockholders or directors. subject to the control of the stockhold- CTS rom time to time, and it's business may be deemed to require same, as is specifically set forth in these articles.
 Fourth: That the amount of capital stock authorized is three hundred thousand dollars (S3O0,0OO.0O), and the number of shares into which it is to be divided are three hundred thousand 5oo'oOO), of a par value of one dollar SLcO) each the value of which stock Is to be paid in cash or upon install ments as the directors may provide. or Tn real or personal property, contracts, agreements, leases. ma cnlnery, machines or materials. Il the discretion of the board or directors, upon the issue and delivery or said stock from time to time. Pre- rerred shares of stock may be issued upon such terms and conditions as may De provided in the bylaws. That the time of commencement of the said cor poration is the twenty-fifth day of March. nineteen hundred and one Q9OD. and the time of termination of said corporation is the twenty y-fifth day of A. D. nineteen hundred twenty six Q926).
 sixth: That the persons or officers authorized to transact, manage and control the husincss and affairs of said | corporation shall consist of the stock | holders holding majority in the | amount of outstanding stock of the cor poration, and board of directors com- | posed of such d number of members IS may be chosen by the stockholders It such time and in such manner as nay be provided in the bylaws of the corporation. The original bylaws shall ,e adopted by the vote or signature of holding a majority of the stock. Any resolution adopt- d by the holders of a majority in mount of the outstanding stock. whether adopted by vote or signature # such holders witho 1t a meeting. hall absolutely control the affairs of