Arizona republican., 1901-04-02
ARTICLES OF INCORPORATION
of the ARCOLA EXTENSION OIL COM 

PANY.
 Know all men by these presents. thai
 We, the undersigned, Llewellyn H
 Bartlett, of the city of Boston. county or Suifolk, of the state of Massachu.
 setts, William Moore, Fred H. Hanson
 Thomas F. Allen and Charles E. Rig.
 ney, of the city of Bakersfield. county or Kern and state of California, have this day associated ourselves together Tor the purpose of forming a corpora
 ton 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 and developing oil claims. mineral rights, 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 tliling and manufacturing, buying and selling. oils, petroleum, natural gas. as- phaltum and other mineral and hydro- cafDon 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 said 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 ful 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 or 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.
 Ihlrd: 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 it's 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 from time to time. and its 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 ($3OO, ,OOOOO). and the number of shares into which it is to be divided are three hundred thousand C30O,OOO, of par value of one dollar CSlO0) each the value of which stock Is to be paid in cash or upon install ments as the directors may provide. or m real or personal property. contracts, agreements, leases, ma ,hinery, machines or materials. [ I the discretion of the board 'f directors, upon the issue and delivery )f said stock from time to time. Pre- 'erred shares of stock may be issued lpon such terms and conditions as may De provided in the bylaws. That the ime of commencement of the said cor is the twenty-fifth Gay of | March, nineteen hundred and one Q90D. | md the time of termination of said l corporation is the twenty-fifth day of | March, A. D. nineteen hundred twenty | iX Q926).
 sixth: That the persons or officers authorized to transact. manage and ontrol the huslness and affairs of said orporation shall consist of the stock Iolders holding a majority in the mount of outstanding stock of the cor 'oration, and board of directors com- 'osed of such a number of members s may be chosen by the stockholders t such time and in such manner as nay be provided in the bylaws of the orporation. The original bylaws shall @ adopted by the vote or signature of tockholders holding a majority of the ubscr.bed stock. Any resolution adopt d by the holders of a majority in mount of the outstanding stock, neither adopted by vote or signature such holders witho it a meeting. hall absolutely control the affairs of