Arizona daily citizen. (Tucson, Ariz. Territory [i.e. Ariz.]) 1884-1901, 1901-02-06
Articles of Incorporation Of The
McKernan Oil Company.

The undersigned Philip Hahn W r. Tho
mas, 7. II MuKernan, G r. Mohr, S. u; Graves,
NJ X Young and Fred l., Borun hereby asso-
ciate ourselves together and adopt the follow
ing Articles Of Incorporation, for the purpose
! of forming corporation under the laws OF the
Article l. The name. of this corporation
shall be McKernan Oil Company, and the
principal place for transactipg It's business
shall he at Tucson, Pima County, Territory OF
Arizona but the corporation proposes to carry
or business in the State of California, and Will
have an office at Los Angeles in the State oil
Article II. That the purposes for which. this
corporation is formed are;-to driH TOT, ana
develop oil, asphaltum, and other mineral;
to trans port and refine oil or otherwise pre-
pare the same Tor market; to acquire, pur-
chase, hold, improve, work and operate. sell
and convey oil wells, oil machinery, oil and
mineral lands, and to erect all necessary build
ings and machinery necessary for said pur-
poses; to procure, locate, and purchase water
and water rights; to locate under the laws OF
California, Arizona and the United States
placer and lode mining claims; to contract
bitches, fumes or pipelines; TO issue ,sell and
convey stock, bonds and mortgages; to pur-
chase, acquire. hold and convey real ana per-
sonal property; to farm and cultiyete any
| lands acquired by the corporation, and gen.
orally to do all things necessary to carry on
| Article III The amount of capital stock an-
thorized to be issued is five hundred thousand
shares OF the par value OF one dollar each, and
| when issued shall be forever non assessable.
Article w. The time of the commencement
| of this corporation shall be the date these ar,
| ticles are filed with the County Recorder OF
| the said County of Pima. This corporation
shall exist twenty-five wears from its com
| mencement.
Article V. The affairs of this corporation
shall be conducted by board of directors
composed of seven stockholders, 10 be first
elected on the LIST Monday OF January 1902 and
until such election Philip Hahn, w. r. Thomas
P. H. MeKernan. G. r. Mohr, M K. Young
Fred L. Boruff and 8. D. Graves shall be such
directors.
Article VI. The highest amount of indebted
ness to which this corporation shall subject 1t
self shall be Ten thousand dollars.
Article VII. The private property Of the
stockholders of this corporation shall be ex
empt from liability for the corporate debts.
, Article VIII. These articles Of incorporation
may be amended by two third vote o
the stockholders OF this corporation q
any regular meeting of the stockholders o
any special meeting called for that purpose
I and the amendments shall be filed with thu
County Recorder of said County of Pima, an,
printed as required by law. U.s.
Article TX. That the directors of this corpo
ration may adopt by laws for this corporation
at their meeting. Elections or directors an,
ockholders meeting tannuall shall be hell
yearly on the first Monday in January OF eacl
: year.
In witness whereof we have hereunto set GU
hands and seal this 10th day of January, 100
i N Dnplipata