Arizona daily citizen., 1901-06-28
Articles Of incorporation Of the Monterey
Consolidated Oil Company"

we, the undersigned, have associated
ourselves, and by these presents do as
soeiatc ourselves. for the purpose OF
forming a corporation under and by
virtue Of the laws OF the Territory OF
Arizona, with the name and purpose
hereinafter written And we do further
certify and set forth:
First--That the name OF said corpor-
alton 10 and shall be the Monterey Con-
soiidated Oil Company.
Second--That the names OF the incor-
porators are H. E. Wright, r. Bader, o.
{. Mcfarland, II. T. Hendricks, and @.
| W. Hinkie.
Third-That the principal place oi
| business and Office OF this corporation is
at ucson, in tho County Of Pima, Ter.
ritory of Arizona.
Fourth-That the purpose for which
said corporation 10 formed and the gen.
eral nature Of the business to be tran
sacted by IL, are:
To engage IN the business OF mining
for oil, and OF refining the sansr, and o
selling il for profit;
To acquire by deed, gift, will. grant ol
/ otherwise. lands, tenemrnts, heredita'
meats, ieasehoids, estates. water, water
rights, oil wells. pipe lines, bonds, notes
| bil ., claina. evidences OF indebtedness.
stock or bonds of Incorporated compa-
mics, patent rights, and licenses, proper
! ty oi every kind and every estate, right
interest aud appurtenanees IN or TO oI
concerning real and personal properif J
| of every name and natare legal and equit.
able, and to have and hold, use and en-.
Joy, manage and eontrol, grant. assign,
transfer and convey, incumher by mort
gage or deed of trust, and otbevwiss
dispose Of the same, and every part
thereof, or interest therein. ard to sell
or exchange the capital stock of this cor.
poration, or any part thereof. for the
capital stock Of other corporations. OF
any part thereof and for other property
rights or franchises. a. the board OF d.
! reetors OF this corporation may deem
| ueceNsaay for The purpose Of this cor
| poration and the transaction Of Its btssi.
| ness; also to establish agencies and Off
| ces in this Territory, and in the State ol
California and elsewhere, and 10 employ
auy and all kinds Of servants. iaborers,
employees and assistants to carry On
said business OF mining for oil and OF re
| timing and selling the sanie, and to sell
oils and products mined by itssh or
other persons or corporations in Cali
| fornia and other states and territ ories ni
the United States of America and in
foreign countries: AL Of the aforesaid,
| subject to such restrictions as arc pro-
yided by law.
Fifth-The amount of the capital
stock of the corporation shall be five
hundred thousand dollars {$500, ,0o0},
| divided into one million shares Isl, 900. :
O0ol of the par value Of fifty SOY cents
each. 500 shares Of said stock shall be
| issued to each of the individuals named
above as the incorporatcrs of said com
many, AMI the remaining stock shall be
| issued when the same 10 sold to suhscri.
| hers, 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 in, and the
conditions upon which it il to be paid
in shall hereafter be fixed by the board
of directors of said corporation.
Sixth--The time of the commencement
of the business of this corporation shall
be the day of the fling of these articles
of incorporation in the office of the re-
corder of the County OF Pima. In the
Territory OF Arizona, and the terinina-
ton thereof shall be twenty-five years
thereafter, unless sooner wound up, in
conformity with the laws Of Arizona.
Seventh--The affairs Of this company
shall be conducted by board OF fve
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 oi
said company shall conduct the business
of the same, and board of directors
shall hereafter be elected annually on the
frst Monday Of june 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 a stock
holder thereof, and any directorceasing to
be a stockholder, his Office at once be
comes vacant and may be filled by the
board of directors at its next meeting.
Eighth-The private property OF tht
stockholders of this corporation shall be
exemp, from, and not liable in any cass
for any of the debts Of this corporation
Njnth--The highest amount Of indeh-
tedness or liability to which this carpo
ratiau al any time is to subject itself II
Ave thousand dollars CSC, 6,n0o.)
Tenth-~The board OF directors shal
Ia olmnA praziHaat ViCe.