Arizona republican., 1901-04-11
ARTICLES OF INCORPORATION
 of the MERCHANTS OIL COMPANY.

day voluntarily associated ourselves together for the purpose Of forming, and do hereby form. corporation un- der the laws of the Territory of Ari- zona, United States of America. and We do hereby certify and declares:
 l. That the names of the incorpora- tors are; M. P. Anderson. William Jung. A. Lernhart, Frederick P. Hell wiz Farley D. Granger, L. NJ. MeKen- ney, F. T. Hawes and Timothr ! U. san.
 That the name of the corpo. ation is and shall be Merchants C.i Company.
 And it's principal pla "e of transacting business shall be at lhoenix. County of Maricopa, Territory of Arizona, with a branch office at the Town of .Alvarado, County of Alameda, State of California, and with ether branch offices at such other pis., es as the Board of Directors of the Corporation shall designate. Said corporation may also transact and carry on bu siness of the kinds and na . ture hereinafter s9eciiied and provided for, in other states. territories and countries Whatsoever; and may hold it's annual meeting. and other stock holders and directors meetings at the said Town of Alvarado, in said State of California, or at such other place or places as may be determined on and designated by a majority of the Board of Directors of said corporation.
 II. The general nature of the busi- ness to be transacted by said corpora ton, and the purposes for which 1t is formed are: To buy. locate. hire and otherwise acquire. to hold and own, manage, operate. improve. develop. lease. demise, sell and hypothecate lands. mining claims. water and water rights, rights of way. mineral rights, oil, oil wells. real estate and interests and rights in any real or personal property in the United States of Amer lea or elsewhere. and to execute and deliver leases, conveyances, bonds, mortgages and deeds of trust of the same and of any property of said cor poration.
 To improve, develop and cultivate mineral, agricultural and all other kinds of lands and real property.
 To engage in and carry on the busi- ness in the United States of America and elsewhere. of boring and exploring iblp plouutluS, TellflnS, ulStllllHS, treating, manufacturing, shipping, car rying, handling, storing. dealing in. buying and selling oils, gypsum, petro- leum, water, natural and other gas, coal. asphaltum, btumen, btuminous rock and other mineral, metallic or hy- drocarbon substances, and for such purposes to buy and otherwise acquire, hold. own, manage, construct and op- crate refineries, pipe lines, tanks, man. ufacturies. machinery. tank cars and other works, property and appliances that may be auxiliary to said business or which may be deemed necessary or convenient therefor by the Board of Directors of said corporation.
 Also to borrow and loan money. and 10 take and acquire by purchase. ex- change or other lawful mode, and to hold, own. sell, hypothecate and other wise dispose of the capital stock and bonds of this or any other corporation
 Also to establish and carry on agen- cies. offices. storage tanks, and ware houses. and to sell articles and products manufactured or mined by said corpo- ration or any other person in the Unit Nb pNditS Ol StlItfItd or bISeWnert. 10 deal in merchandise 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 convenient for carrying out the purposes above stated
 III. That the amount of the capital stock authorized is and shall be Five Hundred Thousand Dollars ($5O0 O0O. .OO) and the number of shares into which it is divided is and shall be Five Hun dred Thousand (5OO,OOO of the par value of One Dollar ($1.0O each, which when issued shall be fully paid up and non assessable. Of said capital stock Three Hundred and Twenty Thousand (32O.- O0) shares shall be issued from time to time in payment for oil lands, mining claims or other property real or per- sonal or both, upon the acquisition of such property. and the balance of said capital stock, to-wit. One Hundred and Eighty Thousand GS0,000) shares shall remain in the treasury of said corpora tion to be disposed of by the Board of Directors thereof for payment of incor- poration and other expenses and for cash upon such terms and at such prices as may be fixed by said Board, and the capital of said corporation shall consist of the proceeds of said stock and the real and personal prop, erty acquired herewith.
 ". That the time of the commence ment of said corporation shall be the date of it's incorporation, and it shall terminate twenty-five (25) years from the said date of it's incorporation.
 V. That the affairs of said corpora tion shall be managed and conducted by Board of five Directors to be elect ed on the first Thursday of March in each year and the officers of said cor poration shall be a President, Vice President, Secretary and Treasurer, all to be elected by said Board of Di- rectors.
 That the Directors for the first year and until the election and qualification of their successors are F. P. Hellwig. l.. M McKenney, F. B. Granger. Tim othy Dorgan and A. Lernhart.
 VI. That the corporation is not at any time to subject itself to a greater liability than Ten Thousand Dollars ($10000.00) without the written consent of the holders of two-thirds (2-3) of the capital stock outstanding at the time the liability is incurred, and in no case shall indebtedness or liability be in- cured by said corporation at any time