Arizona republican., 1901-04-25

ing in, buying and selling oils. gyp- sum, petroleum, water natural and other gas, coal, asphaltum. bitumen, bitumtnous rock. and other mineral, metallic or hydro carbon substances. and for such purposes to buy and oth- erwiss acquire. hold, own. manage, con struct and operate refineries. pipe lines, 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- nient 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 CT other lawful mode, and to hold, as security or otherwise. and own. sell, hypothecate. and otherwise dis pose Of, the capital stock 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 ucts 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 things. and engage in any form of business. that may be necessary or con- venfent for carrying out the purposes above stated.
 III. That the amount of capital l T io, tba, al ;o 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 Thousa nd of the par value of One Dollar each, which when issued shall be non asaessable. 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 corpora ton 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 to be dis posed of by the Board of Directors 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 t shall terminate twenty-five t25) years from said date of incorporation thereof
 V. That the affairs of said corpora tion shall be mana ged and conducted by Beard of Five t5) Directors to be elected on the last Monday of March in each year. and the officers of said corporation shall be a President. a Vice President, a Secretary and 8 Treasurer, all of whom shall be elected by said Board of Directors.
 That the Directors for the first year and unth the election and qualifica' tion of their successors are P. V. Finch F. P. Hellwig T. c. Huxley, F. B Granger and D. P. Hooking.
 VI, That the corporation is not al any time to subject itself to a greater liability than Ten Thousand Dollars without the written consent of ths | tai stock outstanding at the time tho liability is incurred. and in no evenl shall indebtedness or liability be in cured by said corporation at any tim' in an amount exceeding in the aggre gate the sum of Fifty Thousand (50,' OO0) Dollars.
 VII. That the private property of th' stockholders of said corporation shal be exempt from liability for corporate debts.
 In witness whereof We have hereunt' subscribed our hands and seals thi' 2Sth day of March A. D. Nineteen Hun dred and One.
 PAUL V. FINCH. (Seal.
 F. P. HELLWIG. (Seal.
 T. c. HUXLEY. tSeal.
 F. B. GRANGER. (Seal.
 D. P. ROCKING. 0Seal. State of California. County of Kern, ss