Arizona republican., 1902-08-24
ARTICLES OF INCOBPORATION
 OF THE

ARTICLES OF INCORPORATION
 OF THE
 AMERICAN FUEL OIL COMPANY.
 We. the undersigned, for the purpose of forming a corporation under chap ter 3, title F, of the Revised Statutes Of the Territory of Arizona, to transact the business hereinafter mentioned, do adopt the following articles of lncor- pOration.
 First: The names of the incorporat- ors are J. A. Paulhamus, Richard Hopkins and Charles L. Heverln. The name of the corporation shall be THE AMERICAN FUEL OIL COMPANY and the principal place of transacting business shall be at Phoenix, in said Territory, but the corporation pro poses to carry on business In Beau mont, Jefferson County, Texas, with a general office in the City of New York, in the State of New York, and at such other places as the business transacted by the corporation may make necessary or desirable
 Second: The business proposed to be done by said corporation shall be the buying, mining and working of az ricuIturaI and mineral lands, manu- featuring, milling, smelling, assaying, reducing, concentrating and otherwise treating or working ores, minerals earths, metals and agricultural prod ucts and for doing a general mercantile business, and for erecting, owning, op- erating and producing machinery and fixtures, for any or all of said pur- poses, or for sale, or exchange and for owning, holding, mortgaging, leasing or selling such real or personal estate as may be necessary in connection with the other privileges herein grant ed. and erect houses, mills and other buildings upon and otherwise improve any lands owned, leased or held by this corporation, and for making, buying and selling such matters and things as may in any way appertain to it's business. To construct, equip or lease, operate and manage roads, tramWays, railroads, steamships or sailing yes sels and to lay pipelines for transpor- tation of water and oil, to erect, main tain and operate power plants eIther steam, electric or water, and Tor trans portation, use and sale of the power, and to draw, accept and negotiate bllls of exchange, promissory notes ana other negotiable instruments that may be necessary or convenient in the pros ecution of its business, and to borrow money and secure the payment of same by mortgaging or otherwise pledging it's property.
 Third: The amount of capital stock authorized is one million five hundred thousand dollars, to be divided into one million five hundred thousand shares of the par value of one dollar each, which is to be paid in cash or property within one year.
 at np business on the sixth day of August, A. D. nineteen hundred and two and terminate in twenty-five years from that date.
 Fifth: The affairs cf the corporation will be conducted by a Board of Di- rectors consisting of not less than three or more than seven persons, as may be provided in the bylaws of the corporation. and by a President, Vice President Secretary and Treasurer, and at the option of the Board of Di- rectors, and assistant Treasurer and assistant Secretary and an executive committee.
 Elections of Directors shall be held annually on the first Wednesday m August and election of officers at the first meeting of the Board of Direct ors thereafter
 Sixth: The highest amount of in- debtedness or liability to which this corporation shall at any time subject itself is one million dollars.
 Seventh: Private property oi the members of this corporation shall be exempt from corporate debts.
 Eighth: Among the powers of this body corporate shall be:
 1. To have perpetual succession.
 ?. To sue and to be sued by the cor porate name.
 3. To have a common seal and alter the same at pleasure.
 1. To render the shares or interests of the stockholders transferable and prescribe the mode of making suct