Holbrook argus., 1901-03-16
Articles of Incorporation
OF THE
.BerndIiHO Oil Company

-fU. S. Internal Revenue Stamp, Ten Cents,
duly Cancelled on original.l
KNOW ALL MEN BY THESE PRESENTS
That we, the undersigned have this day vol
UNFAIRLY associated ourselves together for
the purpose of forming corporation under
the laws of the Territory of Arizona and
we do hereby adopt the following Articles of
Incorporation:
FIRST.
That the names of the incorporators of
said company are Ernest Rial and James G.
May.
That the name of said corporation l. and
shall be Bernalillo Oil Company.
That the principal place of bushes of said
company is and shall be Holbrook, in the
county of Navajo, in the Territory of Ari-
may from time to time establish and main
tain Offices for the transaction of business
in such other places within or without the
Territory as they may deem proper, and the
same change or discontinue at pleasure.
and meetings of the Board of Directors of
said company. both regular and special, may
be held outside of the limits of the Territory
OF Arizona.
SECOND.
The general nature of the business pro-
posed to be transacted by said company is
the acquisition of lands in the county of
Navajo and any other counties in the Ter
ritory of Arizona, and in the county of Ber-
nalillo and any other counties in the Terri
tory of New Mexico, and in the State of
California and in any other state or terri
tory of the United States, by purchase,
lease, location, appropriation or otherwise,
and the prospecting for, and developing in,
such lands, and producing and saving there
from, petroleum, naptha, and oil of alllxindS,
natural gas, asphatum, coal and other min
eral substances; the purchase, lease or other
acquisition or construction Of and the
equipment and operation of, boring and
drilling plants and apparatus, tanks and
other reservoirs, pipe lines and other con-
duits, refineries, distilleries and other manu-
| factories, sheds, warehouses, and other
buildings and structures, apparatus and APP
! pliances, railways and tramwayS, electric
light and power plants and systems Of cleo
poses of mining, producing, storing. trans
porting, refining, distiliing or otherwise
Treating, and marketing and disposing of
oil and other mineral substances for said
company or for other persons; the selling,
mortgaging, subletting. leasing or other
| wise dispOSing of all or any part OF any
| lands acquired for the purposes above men
toned or otherwise; the buying, selling and
dealing in oil of all kindsi the building or
and conducting. of hotels, stores and shops
dealing in all sorts of goods, wares and mer-
chandise, and carrying on all kinds of me
chanical trades; the carrying on of agricul-
ture in any all branches; the doing and
transaction of any business or thing which
may be beneficial, useful or convenient to OF
for the carrying out of any of the purposes
above mentioned: and the acquisition, sale
or pledge of and disposing in any manner o.
| shares of stock in or bonds or other obliga
| tionS or securities of any other corporation
| or corporations for whatever purpose OF
whoreSOeVer the same may nave DeGn Ol
may be Incorporated.
THIRD.
That the amount of the capital stock il
and shall be Five Million Dollars, divided
into five million shares of the par value o
one dollar per share, which may be paid il
at once or from time to time, and in cash a
called for by the directors of said Conpan,
or by the conveyance, transfer or dehvery.t .t'
said Company of property which may |b'
purchased by said Company, or by the ren
dition of services or performance of labo
for said Compaay, or by the satisfaGtdol factor
tions which may be incurred by said Com
pany, or in any other lawful manner whicl
may be determined upon by the directors o
said Company. All shares of stock when is
sued shall he fully paid, and the same shal
be forever non as iessable.
FOURTH.
The time of the commencement of sai'
corporation shall be the date of the filing o
these Articles of Incorporation in the effc'
of the County Recorder of the County o
Navajo in the Territory of Arizona, and th
time of the termination therof shall b
twenty-five years from and after the date o
such filing.
SECTION 1. The officers by whom the af
fairs of said Company are to be couducte'
are and shall be nine directors, who shall b.
annually elected upon the fourth Monday o
January provided that the date of such an
Rual election may be changed from time t.
time by bylaw of said Company. Their
treasurer, a general manager and secre
tary of said Company, and such other off
GERS as may be provided for by bylaw. al
/, of whom shall be elected appointed il
such manner, and at such times, and 70
such terms as the bylaws may prescribe
The directors shall hold office for one yea
from the time of their election and unit
their SUCCESSORS shall be elected anG quail
fed. Vacancies in the Board of Directer
shall be filed by appointment by the Board
Any person SO appointed to fill vacancy il
the Board of Directors shall hold office unit
the next annual election and until his sue
cessor shall be elected and qualified. N
person shall be director who shall not b.
at the time of his election or appointment
the holder of one or more shares of th
capital stock.
SEQ. 2. All elections of directors shall b.
by ballot, and every stoclholder shall have
right to vote in person or by proxy th
lumber of shares standing in his name ol
the books of said Company, for as many per
Eons there are directors to be elected, o.
to- cumulate said shares and give one can
didate many votes as shall equal the mum
Der of directors multiplied by the number
Of his shares of stock, to distribute then
on the same principle among as many can
Cidates he shall see fit. The persons re
sewing the highest number of votes shall b'
deemed elected directors,