Arizona republican., 1901-04-09


 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 ica 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 poraton.
 To improve, develop and cu't-s C mineral. agricultural and 2 ylher kinds of lands and real r-o .ty.
 To engage in and ca".y Jn the busi- ness in the United ...es of America and elsewhere of J.ing and exploring for. producing, refining, distilling, 1 treating. misunderstanding, shipping, car rying, handing, storing, dealing in. buying selling oils. gypsum, petro- led.n, water, natural and other gas, coal, asphaltum, bitumen bituminous rock and other mineral, metallic CT hy- | drocarhon substances. anu TOT such purposes to bu3 nIl otherwise acquire, | hold, own, maEIEa, construed and op- crate refineries. pipe lines, tanks, man ufacturlts, 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 1 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 hypotrecate 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 co.po- ration or any other person in the Unit cd States of America or elsewhere. to 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 ($5OO. .OOO OO) and the number of shares into whic,h 1t Is divided is and shall be Five Hun dred Thousand tjO0, 0,O00) of the par value or One Dollar &l00) each. which wAen issued shall be fully paid up and non aNsessable. Of said capital stock Three Hundred and Twenty Thousand (32O.- GOOD shares shall be issued from time to time in payment for oil lands, mining claims or other property real GT per- sonal or both, upon the acquisition of such property. and the balance of said capital stock. tO-wit, One Hundred and Eighty Thousand QS0,000 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 consis, 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 Beard of five Directors to be elect | ed on the first Thursday of March in ! eaC1 year and the officers of said cor i p9ration shall be President, a Vice President. Secretary and a Treasurer. | all to be elected by said Board of Dl- | 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 tSl000O.0O) 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 in an amount exceeding the sum in the aggregate of One Hundred Thousand Dollars.
 VII That the private property of the stockholders of said corporation shall be exempt from liability for cor porate debts.
 In witness whereof We have hereunto subscribed our hands and seals this 18th day of March A. D. Nineteen Hun dred and One.
 M. P. ANDERSON. (Seall
 VIM. JUNG (Seal)
 A HER II ART ISaal | !