Arizona republican., 1901-04-12
ARTICLES OF INCORPORATION
 of the MERCHANTS OIL COMPANY.

Know All Men by These Presents:. That We, the undersigned. have thiS day voluntarily associated ourselves together for the purpose Of forming, and do hereby form, corporation un- der the laws of the Territory of Ari- zona, United States of America. and we do hereby certify and declare
 l. That the names of the incorpora- tors are: Nj. P. Anderson, William Jung. A. Lernhart, Frederick P. Hell wig, Farley D. Granger, l.. M. M'f tH- ney. F. T. Hawes and Timothy o.san. That the name of the c0rDv. dtion Is and shall be Merchants C! Company.
 And it's principal pla C of transacting business shall be al Phoenix, County of Maricopa, Terrltc.y of Arizona, with a branch office at the Town of 4Alvarado, County of Alameda, State of California, and with other branch offices at such other p,;.. s.s as the Board of Directors of the Corporation shall designate. Said corporation may also transact and carry on business, of the kirGs and na- ture hereinafter specified and provided for, in other states, territories and countries whatsoever: and may hold its annual meeting. and other stock holders and directors meetings at the said Town of Alvarado. in said State of California or at such other place or places as may he determined on and | designated by a majority of the Board of Directors of said corporation.
 II. The general nature of the busi- ness to be transacted by said corpora | tion, and the purposes for which it is | formed are: To buy, locate, hire and | otherwise acquire, to hold and own, manage, operate. improve, develop, | lease. demise. sell and hypothecate | lands. mining claims. water and water | rights, rights of way, mineral rights, oil, oil wells, real estate and interests and rights in any real or personal property in the United States or Amer ica or elsewhere, and to execute and deliver leases. conveyances, bonds, mortgages and deeds of trust of the same and of any property of sud cor 1 poration.
 To improve, develop and cultivate mineral, agricultural and all other kinds of lands and real property.
 To engage in and carry on the busi- ness in the United States of America and elsewhere, of boring and exploring for, producing. refining, dstilling, treating. manufacturing, shipping. car rying, handling, storing, dealing in buying and selling oils, gypsum, petro- leum, water, natural and other gas coal asphaltum, bitumen, bitlimnous rock and other mineral, metallic or hy- drocarbon substances, and for such purposes to buy and otherwise acquire hold, own, manage, construct and op- crate refneries, pipe lines, tanks man. ufactures, machinery. tank cars and other works, property and appliances that may be auxiliary to said business or which may be deemed necessary or convenient therefor by the Board of Directors of said corporation.
 Also to borrow and loan money, and 10 take and acquire by purchase, ex- change or other lawful mode, and to hold, own, sell hypothecate and other wise dispose of the capital stock and bonds of this or any other corporation
 Also to establish and carry on agen- cies, offices, storage tanks, and ware houses, and to sell articles and products manufactured or mined by said corpo- ration or any other person in the Unit ed States of America or elsewhere. tC deal in merchandise and all forms of property and in general to do, carry on conduct, transact and perform any and all things, and engage in any form oi business. that may be necessary or convenient for carrying out the purposes above stated
 TIT. That the amount of the capita stock authorized is and shall be Five Hundred Thousand Dollars ($j00, 600 O0) and the number of shares into which il is divided is and shall be Five Hun. dred Thousand (500 0O0) of the par value of One Dollar s1.00 each. which wher issued shall be fully paid up and non. assessable. Of said capital stock Three Hundred and Twenty Thousand (320,. OO0) shares shall be issued from time tc time in payment for oil lands, mining claims or other property real or per. sonal or both upon the acquisition ol such property, and the balance of said capital stock to-wit, One Hur dred ana Eighty Thousand QS0,000) shares shal remain in the treasury of said corpora. ton to be disposed of by the Board of Directors thereof for payment of incor. poration and other expenses and fol cash upon such terms and at such prices as may be fixed by said Board and the capital of said corporation shall consist of the proceeds of said stock and the real and personal prop. erty acquired herewith.
 ". That the time of the commence. ment of said corporation shall be the date of it's incorporation. and it shal terminate twenty-five (25) years iron the said date of it's incorpora ton.
 V. That the affairs of said corpora tion shall be managed and conducted by Board of five Directors tc be elect ed on the first Thursday of March ir each year and the officers of said cor. poration shall be a President, a Vice. President, Secretary and Treasurer all to be elected by said Boa I'd of Di. rectors
 That the Directors for the first yea, and until the election and qualification of their successors are F. P. Hellwig l.. M McKenney, F. B. Granger Tim cthy Dorgan and A. Lernhart
 VI. That the corporation not al any time to subject itself to l greater liability than Ten Thousand Dollar. ($l0, ,000.00) without the written consen, of the holders of two-thrds (2-3) of the capital stock outstanding at the time tho lia hility is incurred and i,, no oo.,