Arizona republican., 1901-04-27

ing in. buying and selling oils, gyp- sum, petroleum, water. natural and | other gas coal, asphaltum, bitumen, bituminous rock, and other mineral, metallic or hydro-carbon substances. and for such purposes to buy and oth- struct and operate refineries, pipe Hines. tanks. manufactures, machinery, tank cars and other works, property and appliances that may ne auxiliary to or useful in said business. or which may be deemed necessary or conve- nfent therefor by the Board of Direc- tors of said corporation.
 Also to borrow and loan money. and to take and acquire by purchase ex- change or other lawful mode. and to hold, as security or otherwise. and own, sell, hypothecate, and otherwise dis pose of. the capital etock and bonds of this or any other corporation.
 Also to establish, utilize and carry on agencies. offices, storage tanks, and warehouses. to sell articles and prod rcts manufactured, mined or otherwise obtained by said corporation or any other person in the United States of America or elsewhere, to deal in mer- chandise and all forms of property. and in general to do. carry on. conduct, transact and perform any and all l things. and engage in any form of business that may be necessary or con- venient for carrying out the purposes above stated
 III. That the amount of capital stock of said corporation authorized is and shall be Five Hundred Thousand Dollars and the number of shares into which it is to be divided is and shall be Five Hundred Thousand of the par value of One Dollar each. which when issued shall be non-assessable. Said amount of capital stock is to be paid at the times and upon the conditions below stated, to-wit: Three Hundred and Twenty Thousand Dollars thereof by transfer to said corporation of real property within sixty days after the incorporation thereof. and the balance of said capital stock. amounting in par value to One Hundred and Eighty Thousand Dollars shall remain in the treasury of said corporation 10 be dis loS'u ol bs tut ol blTtCtOIS thereof, in the interest of and for the benefit Of said corporation, at such times and upon such conditions and for such prices as said Board shall deter mine.
 ". That the time of the commence ment of said corporation shall be the date of the incorporation thereof, and 1t shall terminate twenty five (25) years from said date of incorporation thereof
 V. That the affairs of said corpora tiOn shall be managed and conducted by Board of Five (0 Directors to be elected on the last Monday of March in each year, and the officers of said corporation shall be President. a Vice-President, Secretary and a Treasurer all of whom shall be elected by said Board of Directors.
 That the Directors for the first year and until the election and qualifica- ton of their successors are P. V. Finch, F. P. Hellwig. T. c. Huxley, r. D. Granger and D. P. Hooking.
 VI That the corporation Is not at any time to subject itself to a greater liability than Ten Thousand Dollars. without the written consent of the holders of tws-thirds (2-3) of the capi- tai stock outstanding at the time the liability is incurred. and in no event shall indebtedness or liability be in- cured by said corporation at any time in an amount exceeding in the aggre- gate the sum of Fifty Thousand (50,- 000) Dollars.
 VII. That the private property of the stockholders of said corporation shall be exempt from liability for corporate debts.
 In witness whereof We have hereunto subscribed our hands and seals this 2Sth day of March A. D. Nineteen Hun dred and One.