Arizona republican., 1901-08-30

wise, and by driving of tunnels and drifts and the erection of buildings, hoists, derricks. warehouses, factories, furnaces, renneries, engines, machinery. power houses and mills. and other structures necessary to the proper cons duct of the business of this corporation, and acquiring and construction of trans, tram-ways and other roads and pipes. pipelines, fumes, ditches, and every other thing necessary to the prop CT conduct of the .Jusiness or the cor poration ito hold stock :n other corpo- rations; to appoint such subordinate agents and officers as the business of this corporation may require; to hold and own. manufacture and operate. i'm prove and develop lands, mining claims, mineral rights, oil and gas wells. and other real and personal property and interests and rights in any Of said prop critics; the buying and selling of mer- chandise, olls minerals, metals. timber, lumber, and agricultural productions; to engage in and carry on the business of boring and exploring for, producing, refining, dlstilling, treating. manufac- turing. piping. carrying. handling, storing and dealing in, buying and sell ing oils. petroleum, natural gas, asphal- tum, bitumen, bituminous rock, and other minerals, hydro-carbon sub stances and products of any and all such substances. and for such purposes to buy or otherwise acquire, hold and own. manage and operate rehneries, pipe lines, tanks. tank manufactures, machinery. wharfs, tanks and tank cars, and steam and sailing vessels for water transportation, and other works or appliances that may be incident or auxiliary to the business, or that may be deemed necessary and convenient by the Board of Directors ito operate, es- tablish and carry on agencies, offices, storage tanks and houses: to sell ar ticles produced and products manufac- tured by this or other corporations, persons. firms in Arizona Territory, or other states and territories of the United States of America and in foreign countries; the production and genera ton of steam, electricity, gas and other agencies and means of lighting, heating and motive power and the using, sell ing. renting, easing. bonding and oth- erwise disposing of the same; to do a general real estate and mercantile busi- ness; to own and control letters patent and inventons and the doing and per forming of any and all other acts not
 inconsistent with the laws of the Ter ritory of Arizona, made and provided for the government of corporations.
 IT. The amount of the capital stock of this corporation shall be One Million ($1 COG. GOOD Dollars, divided into Ore Million U,00O00O) shares of the par value of One (si.00 Dollar each ;each fully paid up and forever non- assess able; and that there shall be issued in.- mediately after the incorporation is formed and created. One CD share of the said capital stock of said corpora ton to each of the individuals named above as incorporators of this company: said stock SO issued to these individuals being fully paid up by them and each Of them. and that said stock and that all stock to be hereafter issued by this corporation and Directors and Officers thereof. shall be non-assessable for any purpose whatever: and that all of said stock shall be paid for immediately
 
 upon delivery to the purchasers there of. Among the powers of this body cor porate shall be: To have perpetual succession to sue and be sued by its corporate name to have common seal and alter the same at pleasure; to pre- scribe the mode of making transfers of stock or interests of its stockholders: to make contracts. to acquire and transfer property of every kind and de- scriptlon. both real and personal, and to possess the same powers in such re- spects as private individuals now enjoy; to establish by laws and make all rules and regulations deemed expe- dlent for the management of its affairs. not inconsistent with the laws and Con stltution of the United States and the laws of the Territory of Arizona.
 ". The time of the commencement of this corporation shall be the date of the filing of these Articles of Incorpo- ration. in the office of the Secretary of Arizona, and the termination thereof. shall be twenty-five ,25) years there after
 Y. The affairs of this corporation shall be conducted in accordance with the bylaws established by a Board of Directors to be elected annually by the stockholders of this company, said annual election shall be held on the fourth Tuesday of July in each year; the present Board being elected as soon after the adoption of these Articles of Incorporation as a meeting of such stockholders can be convened, the pres ent Board serving until the next annual election, or until their successors are qualified. No person Is eligible to be Director who is not a stockholder thereof, and any Director teasing to be a stockholder the office at once becomes vacant and may be filled by the Board of Directors at their next meeting.
 VI. The highest amount of indebted ness or liability direct or contingent to which this corporation is at any time to subject itself or may incur for any purpose shall not exceed over Ten Thousand (s10,010) Dollars.
 VII. The private property of the stockholders of this corporation shall be exempt from ani not liable in any case for any of the debts created by this corporation.
 VIII. The Board of Directors of this corporation at the time of its organiza- tiOn shall consist nf ion I1nN ,,,ap,hars