Arizona republican., 1902-07-06
ARTICLES OF INCORPORA
 OF THE THE FIG MOUND OIL COMPANY

KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed, do hereby asso- ciate ourselves together for the pur- pose of forming corporation under the laws of the Territory of Arizona, and to that end make the following statement:
 FIRST: The names Of the corpora tcrs are: J. V. Saum. w. A. Saun. J. E. Flynn. and the name Of the corpora tion shall be The Big Mound Oil Com pany. The principal place in which the business Of said corporation within he Territory of Arizona is to be trans acted is Phoenix, Maricopa County. Arizona. and the principal place of business of said corporation outside ile Territory of Arizona shall be the City of Des Moines. Polk CCtInty in the State of iowa. at which meetings i of the Board Of Directors may be hcid and the corporation may have such branch offices either within or without the Territory of Arizona as may be i established by the Board of Directors. SECOND: The object and purposes 1 for which this corporation is formed
  are the establishment and mainte- i nance of an oil company with author lty to contract for the lease and pur- chase of the right to prospect for, de- velop. bore, mine, prepare for market and use natural gas, coal, petroleum, natural oil of any variety, sulphur and other minerals, and to the accomplish
 nent of said purposes to own and hold, i 10 lease DI7rCfl1Sa and nrh6rv-iSn tract for and procure such lands and | premises as are necessary to carry on
 the business of said corporation: and ! to sell CT lease the whole or any part thereof to ether persons or corpora tions; and also to erect, construct
 build and own such buildings, derricks. | reservoir tanks, pipe lines, cars and | such other structures, appliances. and cOnVenienceS thereon and therein as
 are necessary in and about and for the | development, use, preparation for mar ket and marketing, freightage or
 t,anspcrtaticn of such product, and | the maintenance and operat ton of the
 business of this corporations to pur- 1 chase, lease and contract for, and to Il hold and own such lands. tenements. Il easements, franchises and the rights therein as may be required for such derrioks, tanks, pipe lines, reservoirs and other necessaries and ccnven- sl fences Of said business; to sell and to hold and own natural gas, oil. petro- l leum, coal, sulphur and other minerals, as well as the right to prospect for and develop the same, ana to enjoy all the powers, privileges and franchises ; granted to like corporations under the Constitution and laws of the Territory of Arizona.
 THIRD: The authorized amount of capital stock of this corporation shall be One Million Dollars (sl, ,000, ,000.00) divided into One Million shares of the , par value oi One Dollar (S1.C0 each. Al such time as the Board e Directors may by resolution direct, said capital stock Shall be paid into this corpora ticn either in cash CT by sale and transfer to it of real or personal prop erty for the uses and purposes of said corporation, in payment for which shares of the capital stock of said cor
 poration may be issued. and the capi-
 tai stock so issued shall thereupon and
 thereby become and be fully paid up
 and non-assessable, and il the absence , of actual fraud in the transaction the judgment of the Directors as to the
 value Of the property purchased shall
 be conclusive.
 , FOURTH: The time of the con-
 mencement of this corporation shall be
 the date of the filing oi these Articles
 of Incoi poration ia the office of the | Secretary of Arizona, and the termina-
 tion thereof shall be twenty-five years
 thereafter.
 9 FIFTH: The affairs of this corpora
 ton shall be conducted by a Board of
 three Directors and the following
 named shall constitute the Board Of
 Directors until their successors are q elected. J. V. Saum, w. \. Saum, J. q B. Flynn. Thereafter the Board of \ Directors shall be elected from among .j the stockholders as the bylaws of the x corporation may provide.
 ! SIXTH: The highest amount of in- a debtedness or liability. direct or con- E tinge2t, to which this corporation is 5 at any time subject shall be twenty i five thousand dollars (S25, ,000C0). < SEVENTH: The private property a1 of the stockholders oi this corporation $ shall be exempt from corporate debts I of any kind whatsoever.
 ; IN WITNESS WHEREOF, We have $ hereunto set our hands and seals this z 11th day of June. 1902.
 {; J. B. FLYNN. (SeaD 7 J. Y. SAUM. (SeaD ". A. SAUM. (SeaD A State of Iowa,
 d County of Polk, ss.
 2 On this 11th day of June, in the veal $ 1902. before me. P. c. Lowenberg, a a Notary Public in and for the State ana 2 County aforesaid, residing therein duly commissioned and sworn, person 9 ally appeared J. V. Saum, w A. Saun q and J. B. Flynn, known to me to be the persons described in, whose names 7 are subscribed to, and who executed \ the annexed instrument and they ac- < Anowledged to me that they executed ,;ss the same fer the purposes and consid- erations therein expressed
 = IN WITNESS WHEREOF, have
 hereunto set my hand and affixed my
 official seal, at my office in the said
 State and County, the day and year
 last above written.
 (Notarial Seal)
 p c JOWENRFRG