Arizona republican., 1901-08-29

stock IN other corporations; to appoint
such subordinate agents and officers as
the business of this corporation may
require to hold and own, manufacture
and operate, improve and develop lands.
mining claims, mineral rights, oil ana
gas wells, and other real and personal
property and interests and rights IN
any of said properties ;the buying and
selling OF merchandise. oils. minerals,
metals. timber. lumber, and agricul-
tural productions TO engage in and
carry on the business OF boring and ex-
ploring fer, producing, refining, distill-
ing, treating, manufacturing, piping;
carrying, handling, storing and dealing
in buying and selling oils. petroleum.
natural gas, asphaltum, bituren. btu
minous rock. and other minerals. hy-
dro- carbon substances and products OF
any and all such substances and for
such purposes to buy or otherwise ac-
quire. hold and own, marage and oper
ate, reineries, pipelines, 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;
TO operate, establish and carry on agen-
cies, Offices, storage tanks and houses;
to sell articles produced and products
manufactured by this or ether corpora
lions, persons, firms In Arizona Terri
tory. or other states and territories Of
the United States or America, and in
foreign counties the production and
generation of steam, electricity, gas
and other agencies and means of light
ing, heating ana motive power, and the
using. selling, renting, leasing bonding
and otherwise dispUsing Of the same:
10 de a general real estate and mer-
camille business Ito own and control
letters patent and Inventions: and the
doing and performing of any and all
other acts not Inconsistent with the
laws Of the Territory of Arizona. made
and provided for the government of
corpora tons.
p Ill The amount of the capital stock
of this corporation shall be Two Mil
lion G2, 0.000) Dollars. divided into
Two Million (20OO,G0 shares of the par
value Of One % Dollar each: each fully
!, paid up and forever nom assessable;
and that there shall be issued immedi-
ately after this Incorporation is formed
and created, one ~ share Of tho said
capital stock OF said corporation to each
or the individuals named above as in
corporalors 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 corpora
ton and Directors and Officers thereof,
, shall be worcestershire for any purpose
, whatever; and that all of said stock
shall be paid for Immediately when is
sued by this corporation, and upon de-
livery to the purchasers thereof. Among
the powers Of this body corporate shall
be: To have perpetual succession; to
sue and be sued by its corporate name;
20 have common seal and alter the same
at pleasure; to prescribe the mode of
making transfers of stock or interests
of its stockholders; to make contracts.
to acquire ana transfer property OF
every kind and description. both real
and personal, and 20 possess the same
, powers in such respects as private in
, diyiduals now enjoy; to establish by
, laws and make all rules and regulations
deemed expedient for the management
of its affairs, no. inconsistent with the
laws and Constitution 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 films of these Articles of Incorpo-
ration, in the office OF the Secretary OF
Arizona, and the termination thereof,
shall be twenty-five t25) years there
after
V. 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 an
nual election shall be held on the second
Tuesday Of July of each year the pres
ent Board being elected as soon after
: the adoption Of these Articles OF Incor-
pOration as meeting of such stock
holders can be convened the present
Board serving until the next annual
election, or until their successors are
qualified. No person is eligible to be
a Director who is not stockholde:
thereof, and any Director eeasing to be
a stakeholder the Office at once becomes
vacant and may be filed 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 Gl0,OCO) Dollars.
VII The private property Of the
stockholders of this corporation shall
BE- exempt from an! 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-
ton shall consist of nine go members,
who shall have power to elect the Pres
ident. First Vice President, Second
Vice President, Secretary and Assistant
Secretary, from their own number; also
to make bylaws, rules and regulations
necessary to carry into execution the
affairs of this company; nothing shall
be inconsistent with the laws of the
United states or the Territory of Ari-
iona.