Arizona daily citizen., 1901-06-27
Articles OF Incorporation Of the ''Montere,
Consolidated Oil COMPANY

We, tue unuerSlRDco. nave ahSociaIeu
ourselves, and by tnese presents do as
sociate ourselves, for the purpose OF
forming corporation under and by
virtue of the laws of the Territory OF
Arizona, with the name aud purpose
hereinafter written: And We do further
certify and set forth.
First-That the name of said corpor-
alton is and shall be the Monterey Con-
solidatcd Oil Company"
Second-That the names of the incor-
porators are II. +. Wright, r. Bader, o.
(. Mcfarland, H. T. Hendricks, and g.
w. Hinklc.
Third-That the principal place OF
business and office of this corporation is
at 7 ucson, in the County Of Pima, Ter.
ritory of Arizona.
Fourth--That the purpose for which
said corporation is formed and rae gen
eral nature of the business tQ be tran
sacted by 1t, are:
To engage in the business of miuing
for oil, and of refining the same, and oi
selling it for profit;
To acquire by deed. gift, viii, grant or
otherwise, iands, tcncments, heredita-
ments, leaseholds, estates, water, water
rights, oil wells, pipe lines, bonds, notes,
bill y, 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 aud personal property
Of every name and natnre legal and equit-
able, and to have aud hold, use and en-
JOY. manage and control, grant, assign.
transfer aud convey, iucumber by mort
gage or deed of trust, and otherwise
| dispose Of the same. and every part
thereof, or interest therein: aud to sell
or exchange the capital stock OF this cor
poration, or any part thereof, Tor 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 tins cor
poratiou and the transaction OF it's busi-
| ness. also TO establish agencies and off.
ees in this Territory. and in the State of
California and elsewhere, and to employ
any and all kinds of servants, iaborcrs,
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 itsslt or
other persons or corporations IN Cali
| foruia and other states and territories of
the United States OF America and IN
| foreign countries; All Of the aforesaid,
subject to such restrictions as are pro-
| vidcd by law.
| Fifth-The amount Of the. capital
stock Of the corporation shall be FIVE
| hundred thousand dollars $500 .00e),
divided into one million shares Isl, ,000.-
| 00o) Of the par value of fifty t.5o) cents
each. 500 shares OF said stock shall be
/ issued to each of the individuals named
above as the incorporators of said COM
pany, an1 the remaining stock shall be
| issued when the same is sold to suhscri'
bcrs, and the whole of the stock OF this
company shall be worcestershire, except
by amending these articles Of incorpora-
| ton.
| The time when the capital stock OF
| this company is to be paid III, and the
conditions upon which II is to be paid
| in, shaft hereafter be fixed by the board
OF directors Of said corporation.
Sixth--Thc time of the commencement
of the business of this corporation shall
be the day of the filing Of these articles
| Of incorporation in the Office of the re-
corder of the County Of Pima, in the
| Territory Of Arizona, and the terrnina-
tiOn tncTeOi SHaH UF tWSHly-hNN SSai .
thereafter, unless sooner wound up, in
conformity with the laws of Arizona.
Scventf--Tbe affairs Of this company
shall be conducted by board of five
directors, and the above named incor-
porators shall be and constitute the
board Of directors of this company until
their successors are duly elected and
qualified, and the board of directors of
said company shall conduct the business
of the same, and board of directors
shall hereafter be elected annually on the
first Monday of Jung 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 director
of this corporation who is not stock
holder thereof and any ydirectorccasing
be a stockholder, his office at once be-
comes vacant and may be filed by the
board of directors at its next meeting.
Eighth-The private property OF the
: stockholders of this corporation shall he
exemp, from, and not liable in any case
for any Of the debts OF this corporation
Ninth-The highest amount OF lndeh~
tedness or liability to which this cnrpoo'
ration at any time is to subject itself IS
five thousand dollars t$5, ,000.) =,
Tenth--The board OF directors shall
have power to elect President, Vice