Arizona republican., 1901-04-26

ing in, buying and selling oils, gyp- sum, petroleum, water. natural and other gas, coal, asphaltum, bitumen. bituminous rock. and other mineral, metallic or hydro carbon substances. and for such purposes to buy and oth- erwise acquire, hold, own. manage. con struct and operate refineries, pipe lines, tanks, manufactures. machinery. tank cars and other works, property and appliances that may ne auxiliary to or useful in said business. or which may be deemed necessary or conve- nlent therefor by the Board of Direc- tors of said corporation.
 Also to borrow and loan money, and to take and acquire by purchase, ex- change or other lawful mode, and to hold, as security or otherwise. and own. sell, hypothecate, and otherwise dis pose of, the capital stock and bonds of this or any other corpora ton.
 Also to establish. utilize and carry on agencies. offices. storage tanks. and warehouses, to sell articles and prod ucts manufa ctured. mined or otherwise obtained by said corporation or any other person in the United States of America or elsewhere, to deal in mer- chandise 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 con- venient for carrying out the purposes above stated.
 III That the amount of capital stock of said corporation authorized is and shall be Five Hundred Thousand Dollars and the number of shares into which it is to be divided is and shall be Five Hundred Thousand of the par value of One Dollar each, which when issued shall be non-asaessa ble. Said amount of capital stock is to be paid at the times and upon ihe conditions | below stated. to-wit: Three Hundred and Twenty Thousand Dollars thereof | by transfer to said corporation of real property within sixty days after the incorporation thereof, and the balance of said capital stock. amounting in par value to One Hundred and Eighty Thousand Dollars shall remain in the treasury of said corporation to be dis posed of by the Board of Directors | lntTtbI, III tHt tl anu TUT Nlit benefit of said corporation. at such times and upon such conditions and for such prices as sald Board shall deter mine.
 ". That the time of the commence ment of said corporation shall be the date of the incorporation thereof, and 1t shall terminate twenty five (25) years from said date of incorporation thereof. V. That the affairs of said corpora | ton shall be managed and conducted by Board of Five (0 Directors to be elected on the last Monday of March in each year, and the officers of said corporation shall be a President, a Vice. President. a Secretary and a Treasurer. all of whom shall be elected by said Board of Directors.
 That the Directors for the first year and until the election and qualifica- ton of their successors are P. V. Finch F. P. Hellwig. T. C. Huxley. F. B Granger and D. P. Hooking.
 VI. That the corporation is not al any time to subject itself to a greater liability than Ten Thousand Dollars without the written consent of the holders of two-thirds (2-3) of the capi- tai stock outstanding at the time the liability is incurred, and in no event shall indebtedness or liability be in- cured by said corporation at any time in an amount exceeding in the aggre- gate the sum of Fifty Thousand (50,- 000) Dollars.
 VII That the private property of the stockholders of said corporation shal be exempt from liability for corporate debts
 Tn witness whereof we have hereuntc subscribed cur hands and seals thi: 2sth day of March A. D. Nineteen Hun. dred and One.
 PAUL V. FINCH. (Seal.
 F. P. HELLWIG. (Seal.
 T. C. HUXLEY. (Seal.
 F. B. GRANGER. (Seal.
 D, p HOCKING QSeal