Arizona republican., 1901-04-08

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'tiyate mineral. agricultural and al other kinds of lands and real p.operty.
 To engage in and cary on the busl- ness in the United .,tates of America and elsewhere. of boring and exploring for producing, refining, distilling, treating, manufacturing. shipping, car rying. ho ding. storing, dealing in. buying a.-d selling oils, gypsum, petro- leum. water, natural and other gas, coal asphaltum, btumen, bitumlaous rock and other mineral, me allie or hy- drocarbon substances. and for such purposes to buy an l otherwise acquire hold, own, rlD&ge, 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 ed 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 (s500, 0000) and the number of shares into which it IS divided is and shall be Five Hun ,dred Thousand (500 GOOD of the par value of One Dollar S1.0) each, which when issued shall be fully paid up and non assessable. Of said capital stock Three Hundred and Twenty Thousand (320,- O0O) 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 0S0,O00) 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 Thurs sday of March in each year and the officers of said cor poration shall be a President, a Vice President, Secretary and Treasurer, all to be elected by said Board of Dl- rectors.
 That the Directors for .he first year and until the election and qualification of their successors are F. P. Hellwig, l.. M. McKenney, F. B. Granger Tim Cthy Dorgan and A. Lernhart.
 VT. That the corporation IS not at any time to subject itself to greater liability than Ten Thousand Dollars | ($l0,000.00) 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 | 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 l our hands and seals this | 18th day of March A. D. Nineteen Hun | dred and One.
 M P. ANDERSON. (SealD |
 VIM. JUNG. (Seal) |
 A. bERNHART. (Seal) |
 T., ID