Arizona republican., 1901-08-31

stock in other corporations, 10 appoint such subordinate agents and officers as the business of this corporation may require; 10 hold and own, manufacture and operate. improve and develop lands, mining claims, mineral rights, oil and gas wells, and other real and personal property and interests and rights in any of said properties ;the buying and selling of merchandise, oils. minerals, metals, timber, lumber, and agricul- tural productions; to engage in and carry on the business of boring and ex- ploring for. producing, refining, distill- ing, treating, manufacturing. piping. carrying, handling, storing and dealing in. buying and selling oils. petroleum, natural gas. asphaltum, bltumen, bitu- minous rock, and other minerals, hy- dro- carbon substances and products of any and all such substances. and for such purposes to buy or otherwise &C., quire hold and own, marage and oper- ate, refreres pipelines, tanks, tank manufactories. machinery, wharfs, tanks, and tank ears. and steam and sailing vessels for water transportation, and other works or appliances that may be incident or auxiliary to the business, or that may be deemed necessary and convenient by the Board of Directors; to operate, establish and carry on agen- cies, offices, storage tanks and houses; to sell articles produced and products manufactured by this or ether corpora tiors, persons, firms in Arizona Terri tory. or other states and territories of the United states or America, and in foreign countries ;the production and generation of steam, electricity, gas and other agencies and means of light ing, heating and motive power and the using, selling. renting, leasing, bonding and otherwise disposIng of the same; to do a general real estate and mer- cantile business to own and control letters patent and inventions; and the doing and performing of any and all other acts not inconsistent with the laws of the Territory of Arizona, made and provided for the government of corporal tons.
 III. The amount of the capital stock of this corporation shall be Two Mil- lion (s2,000,o00) Dollars, divided into Two Million (2,000,OO shares of the par value of One CD Dollar each; each fully paid up and forever non- -assessable; 1; and that there shall be issued immedi- ately after this incorporation is formed and created, one G) share of the said capital stock of said corporation to each of the individuals named above as in corporators of this company; said stock so issued to these individuals being fully paid up by them and each of them. and that said stock and that all stock to be hereafter issued by this corpora ton and Directors and Officers thereof, shall be noa-assessable for any purpose whatever; and tha. all of said stock shall be paid for immediately when is- sued by this corporation, and upon de- livery to the purchasers thereof. Among the powers of this body corporate shall be: To have perpetual succession: to sue and be sued by it's corporate name ; to have common seal and alter the same at pleasure; to prescribe the mode of making transfers of stock or interests of it's stockholders: to make contracts. to acquire and transfer property of every kind and description, both real and personal, and % possess the same powers in such respects as private in- dividuals now enjoy: to establish by laws and make all rules and regulations deemed eXpedient for the management of it's affairs. not inconsistent with the laws and Constitution of the United States and the laws of the Territory of Arizona
 ". The time Of the commencement of this corporation shall be the date of the filing of these Articles of Incorpo- ration, in the office of the Secretary of Arizona and the termination thereof, shall be twenty-five (25) years there after
 V. The affairs of this corporation shall be conducted in accordance with the bylaws established by a Board of Directors to be elected annually by the stockholders of this company, said an- nual election shall be held on the second Tuesday of July of each year; the pres ent Board being elected as soon after the adoption of these Articles of Incor- poration as a meeting of such stock holders can be convened the present Board serving until the next annual election. or until their successors are qualified. No person is eligible to be a Director who is not a stockholde- thereof. and any Director ceasing to be a stockhold2r the office at once becomes vacant and may be filled by the Board of Directors at their next meeting.
 VI. The highest amount of indebted ness or liability direct or contingent to which this corporation Is at any time to subject itself or may incur for any purpose shall not exceed over Ten Thousand G10,00O) Dollars.
 VII. The private property of the stockholders of this corporation shall be exempt from and not liable in any case for any of the debts created by this corporation
 VIII. Tho Board of Directors of this corporation at the time of its organiza- ton shall consist of nine (9) members. who shall have power to elect the Pres ident. First Vice President, Second Vice President, Secretary and Assistant Secretary, from their own number; also to make bylaws. rules and regulations necessary to carry into execution the affairs of this company; nothing shall be inconsistent with the laws of the United States or the Territory of Ari-