The news-herald., 1901-12-21
Articles OF incorporation
of the
TEX.LA OIL &- REFINING
COMPANY.

KNOW ALI. MEN BY THESE PRESENTS:
That we, the undersigned, have this day vol
UNFAIRLY associated ourselves together tor the
purpose of for ming q Corporation under the
laws of the Territory Of Arizona, and do hereby
make, execute and adopt the following Arti-
cles OF Incorporation:
CHAPTER 1.
The name of said Corporation shall be Tex
La Oil & Refining Company and its principal
place of transacting business shall be at Phoe-
nix, Maricopa County, Arizona, with branch
Offices at Houston, Texas, and at such other
places as may be determined by the Board of
Directors, where regular and special meetings
of the directors and stockholders may be held
and any and all of the business may be trans
acted.
The general nature of the different kinds Of
business pro posed to be transacted by this Cor
poration is s follows, to-wit:
To purchase lease locate, bond or otherwise
acquire, own, exchange, sell or otherwise dis
pose of, pie dge, mortgage, hypothecate and
deal in, worls, mine explore and develop min
ing claims, oil, mineral, timber and agricul-
tural lands, oil, gas, asphaltum, petroleum,
water and water rights.
To do a general real estate, mercantile and
mining business in all it's branches.
To own, handle and control lette patent
and inventions.
To borrow money and execute mortgages or
deeds of trust to secure the same, to issue
bonds and other evidences of Indebtedness,
and in general do all things necessary to the
proper conduct of the business of this corpora
ton, not inconsistent with the laws of the
United ststes and the Territory of Arizona.
To prospect, mine and operate for oil, gas,
salt sulpber, copper, and other minerals and
mineral products; to build and operate tank
cars and pipe lines to handle the products of
such corporation; to bore and put down wells
for oil, gas or other products, and to develop
the same, and to refine, use, reduce, manufac-
ture and handle the product of such wells, to
buy and sell oil and oil wells and mines of all
kinds and operate the same; to buy and sell
all kinds OF property; to at any time dispose
of any portion or the whole of the property be-
longing to this corporation, by and with the con.
sent of two thirds of the capital stock issued and
by outstanding and by action of the directors
SO authorized; 10 do any and all of the things
hereinbcfore set forth to the same extent that
natural persons might or could do, and in any
part of the world, as principals, agents, con-
tractors, trustees or otherwise, either alone or
in company with others.
ARTICLE III.
Among the powers of this body corporate
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 prescribe the mode of making transfer OF
stock or interests ofits stockholders; to make
1 -
every kind and description, both real and per-
sonal, and to possess the same powers in such
respects as private individuals now enjoy; to
establish bylaws and make all rules and reg.
ulations deemed expedient for the manage.
ment of its affairs, not inconsistent with the
laws and Constitution of the United States and
the laws of the Territory of Arizona.
| ARTICLE w.
| The amount of capital stock of the Corpora.
ton shall be Five Million dollars $4,000 0OO.OO)
divided into Fifty Million [5O 900 OOO shares, Of
the par value of ten cents each, fully paid up
and forever non asssessable
| ARTICLE v.
| The time of the commencement of this Cor.
poration shall be the date of the filing of these
Articles of Incorporation in the office of the
Secretary of Arizona, and the termination
| thereO1 SnaLl De twenty-five years thereafter.
| ARTICLE VI.
| The affairs of this Corporation shall be con-
Quoted by Board of nine [9l Directors, who
shall be elected annually by the stockholders
of the Corporation on the First [1st] day OF De-
cember in each year. Until the first day OF
December, 1902, the following named persons
shall serve Directors: Walter C. Jones, Gal
weston, Tex; A. Mcgary, Austin, Tex; S. C.
Brasher, Noah Allen, L. A. Hamburger, Hous.
ton, Tex; C. G. Watkins, Cedar Rapids, Iowa;
C. J. G. Lowrey, Galveston, Tex; Geo. B. Lang
and r. w. Mccormick, Rosenberg, Tex.
ARTICLE VII.
The highest amount of Indebtedness or liza
bility, direct hr contingent, to which this Cor
poration shall subject itself at any time, is
One Million dollars Isl 900, ,OOOl
! ARTICLE VIII.
The private property of the stockholders of
the stockholders of this Corporation shall be
exempt from all corporate debts.
| IN WITNESS WHEREOF, We have hereunto set