Arizona silver belt., 1901-08-01

hereinafter mentioned, do adopt the follow ing Articles of Incorporation;
 FIRsT-The names of the incorporators are Alonzo Bailey, B. F. Hoyt. l.. w. Leighton, Alfred Kinney, F l.. Jones, O. N. Creswel, Joseph II. Hamill, Clara Kinney, James Me Carthy, ]. $. Sniifen and Albert T. Colton.
 SECoNp-The name of the corporation is PENAL PARAFFINEOILCO COMPANY" and the principal place for the transaction of business shall be at the town of Globe, in Gila county, territory of Arizona, but said incorporation intends to carry on business in the town of Florence, Pinal county, Arizona territory, and in such other towns, counties ! and states as may be found necessary or ad- visable The corporation will have a main oihce and stock transfer office in the town oi Globe, county of Gila, territory of Arizona.
 THIRD purposes for which said cor poration is formed are to prospect Tor, explore and discover natural gas, petroleum, parat fine, asphaltum minerals coal oil or other oils, gases minerals and volatile substances; to dr,l, develop and operate wells iof the ex- traction uf natural gas, petroleum, parafhne, asph alum, minerals, coal oil and other oils, gases and volatile substances; to produce, ac- quire, own and sell natural gas, petroleum, paraitne asphaltmn, minerals, coal oil and other oils, gases and volatile substances; to
  cucing, buying, selling, rehnning, distilling oil, petroleum, parafiine, natural gases and asphaltum and other minerals. hydro carbon substances, and for such purpose; to buy, lease ar otherwise acquire own and operate manu. factories, refneries, machinery, pipes, pipe lines, tanks, tank cars, railways, ships and other works, proper appliances that may be incident or auxiliary to sait business or that may be deemed necessary or convenient by said corporation to sell lease or otherwise dispose of rights, properties and lands of the corporation; to establish and carry agen- ces, offices and manufactures, and to sell al ticles and products manufactured by said cor puration, or other persons or corporations in the territory of Arizona, or in any other state ar territory and foreign country; to buy, ac- quire, hold, improve, develop, control sell, lease and mortgage or hypothecate oil bearing or other lands and personal property of every kind, nature and description; to buy and ae- quire by appropriation and diversion, lease, own, possess and otherwise deal in water, water rights aud privileges, and to apply the same directly or indirectly as power for the purpose of generating electricity steam or other motive power in the operation and man agement of the business of said corporation; tu construct, complete, own, buy, sell and operate water pitches, canals acqurducts, fumes and pipe lines, to enter into any obi gation ur contract pertaining to the business of said corporation; tc conduct general bank ing business and commercial business and generally t. to and perform any and all acts and things necessary for carrying on the busi- ness uf the corporation or effecting any or all uf the above mentioned purposes.
 FoURTn The amount of the capital stock authorized is one million dollars, divided into one million shares of the par value of one dol lar per share, each share fully paid up and forever non-assessabe.
 FIFTH- The said corporation shall begin business on the date of the incorporation thereof duly effected and completed, and will terminate in twenty-five years from that date. SINTH--The officers of this corporation shall consist uf . president, vice president, a secre- tary and treasurer, and who shall be elected from the board of directors. And :he affairs of this corporation shall be conducted by board of directors consisting of seven persons, including the president, vice president secre- tary and treasurer, and at the option of the board of directors an assistant secretary and an assistant treasurer, executive committee and other sub-offcers may be appointed.
 Election of directors shall be held annually on the first Monday in June of each year, and who shall be elected by . majority of all the stockholders present, and who shall hold their term of office until their successors are duly elected and qualiteds And the board of di rectors shall elect the officers prescribed in this section, at the first meeting of the said board of directors, thereafter in each and every year, and who shall hold their term of office until their successors are duly elected and qualified.
 SKvESrH-The officers and directors who are appointed to manage the affairs of this corporation until the first annual election are: Alonzo Bailey, presidents and director: Joseph H. Hamill, vice president and director; E. F. Hoyt, secretary and director: Alfred Kinney, treasurer and director; O. N Creswell. di- rector; l.. w. Leighton, director and Albert T. Colton, director.
 EIGHTH-The highest amount pf indebted. ness or liability to which this corporation shall subject itself is two hundred thousand dollars NINTH Private property of the members of this corporation shall he exempt from cor pOrate debts.
 TESTH Among the powers of this corpora I aon shall be- First, to have perpetual suc cessioH second to sue and be sued in its cor. porate name; third to have a common seal and tO alter the same at pleasure; fourth, to render the shares or interest of stockholders transferable and prescribe the mode of mak ing such transfers: fifth, to exempt the private property of members from liability for cor. porate debts, which is hereby done; sixth, to make contracts, acquire and transfer property, possessing the powers in such respects as private individuals now enjoy; seventh, to es- | tablish bylaws and make rules and rrgula. l tious deemed expedIent for the management | of it's affairs, not inconsistent with the laws of | the nited States and territory of Arizona
 ELEVENTH These Articles of Incorporation may be altered and amended by two.thirds 1 vote of all stockholders of this corporation at | any regular meeting, or any special meeting | expressly called for that purpose, and the same | shall be filed with the county recorder of Gila | county in the territory of Arizona, as required | by law.
 Witness our hands this 10th day of July, | 1901 Signed, sealed and delivered in the | presence of Geo. R, Hill.
 ALoNzo BAILEY,
 Jos II. HAMILI,
 B F. HoYT,
 ALFRED KINNEY,
 0, N. CBEsWELL,
 l.. w. LEIGHTON,
 <. l.. JONES,
 CLARA KINNEY,
 JAMES K. MCCARTHY.
 J. <. SNIFFEN. Territory of Arizona,
 County of Gila,
 Before me, George k. Hill, 8 notary public | in and for the County of Gia, Territory of | Arizona, this day personally app cared 1 Alonzo Bailey, E. F, Hoyt, l.. w. Leighton, | A ,,..xL L