Arizona republican., 1901-04-01
ARTICLES OF INCORPORATION
 of the ARCOLA EXTENSION OIL COM

PANY.
 Know all men by these presents. that we, the undersigned. Llewellyn H. Bartlett, of the city of Boston, county cf Suffolk. of the state of Massachu- setts, William Moore. Fred H. Hanson, Thomas F. Allen and Charles F.. Rig ney, of the city of Bakersfield, county Of Kern and state of California, have this day associated ourselves together for the purpose of forming a corpora tion 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"
 End. 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 tilling and manufacturing, buying and selling, oils. petroleum, natural gas, as- phaltum and other mineral and hydro carbon substances and for such pur- POsts No Du.. blltI " lSt acquire ana 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 i necessary or convenient by the board i of directors. Also to take and acquire by purchase, exchange. or other law ful mode, and 10 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.
 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 it's 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 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 (s30O, ,OOO.O0) and the number of shares into which it is to be divided are three hundred thousand (300, ,O00), of a par value of one dollar | Cs1. 1.0O) each the value of which stocl is to be paid in cash or upon install. ments as the directors may provide, oi in real or personal property contracts, agreements, leases. ma. chinery, machines or materials il the discretion of the board of directors, upon the issue and delivery of said stock from time to time. Pre- ferred shares of stock may be issued upon such terms and conditions as may be provided in the bylaws. That tho time of commencement of the said cor. poration is the twenty-fifth day o March, nineteen hundred and one Q90l) and the time of termination of said corporation is the twenty-fifth day o March, A. D. nineteen hundred twenty. six Q926).
 Sixth That the persons or officer. authorized to transact, manage and control the business and affairs of sait corporation shall consist of the stock. holders holding a majority in tht amount of outstanding stock of the cor poration, and a board of directors com. posed of such a number of members as may be chosen by the stockholder! at such time and in such manner a! may be provided in the bylaws of tho corporation. The original bylaws shal be adopted by the vote or signature oi stockholders holding majority of the subscribed stock. Any resolution adopt. ed by the holders of majority ir amount of the outstanding stock whether adopted by vote or signature of such holders without a meeting