Arizona republican., 1901-04-03
ARTICLES OF INCORPORATION
 of the ARCOLA EXTENSION OIL COM
 PANY

PANY.
 hhow all men by these presents, that
 We, the undersigned, Llewellyn H
 Bartlett, of the city of Boston, county CT Sunolk, of the state of Massachu.
 setts, William Moore. Fred H. Hanson
 Thomas F. Allen and Charles F. Rig.
 ney, of the city of Bakersfield. count,
 Of Kern and state of California, have
 this day associated ourselves together
 Tor the purpose of forming a corpora
 tlon 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
 2nd. 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
 tliling and manufacturing, buying and selling, oils. petroleum, natural gas. as
 phaltum and other mineral and hydro- carbon substances, and for such pur- poses 10 buy and otherwise acquire and 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 necessary or convenient by the board or directors. Also to take and acquire Dy purchase, exchange, or other law ful mode, and to 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 lor proper ty: to act as agent. broker contractor or trustee in respect to the foregoinp 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 fin 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 its affairs thereat shall be at 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 (s300, ,000.00), and the number of shares into which it is to be divided are three hundred thousand l3OO O,OOO. of par value of one dollar (sl.OO) each the value of which stock Is to be paid in cash or upon install nents as the directors may provide, or m real or personal property, contracts, agreements, leases, ma ,hinery, machines or materials. l the discretion of the board ,f directors, upon the issue and delivery 'f said stock from time to time. Pre- erred shares of stock may be issued ipon such terms and conditions as may 'e provided in the bylaws. That the ime of commencement of the said cor ,oration is the twenty-fifth day of | March, nineteen hundred and one 09OD. | md the time of termination of said ] corporation is the twenty fifth day of | March, A. D. nineteen hundred twenty | fix Q926).
 Sixth: That the persons or officers authorized to transact, manage and | ontrol the business and affairs of said orporation shall consist of the stock lolders holding a majority in the mount of outstanding stock of the cor 'oration. and board of directors com 'osed of such a number of members $ may be chosen by the stockholders t such time and in such manner as nay be provided in the bylaws of the orporation. The original bylaws shall e adopted by the vote or signature of holding majority of the ubscr.bed stock. Any resolution adopt d by the holders of a majority in mount of the outstanding stock, neither adopted by vote or signature such holders without a meeting. hall absolutely control the affairs of