Arizona republican., 1902-02-23

corporation is the securing and acullir-
 ing by purchase. gift. demise or other
 wise, the ownership. possession and
 right, title and interest of in and to all
 oil lands and mineral lands. and other
 lands and real estate and mining
 claims. real and personal property, by
 location, purchase. bond or lease or the
 same and otherwise; and the disposal
 of the same by sale. lease or bond or
 otherwise. and to sell shares of the cap
 ital stock of this corporation, the de-
 velopment of lands and property by
 sinking wells and shafts and otherwise.
 and by driving of tunnels and drifts,
 and the erection of buildings. hoists
 derricks. warehouses, factories. fur
 naces, refineries, engines, machinery.
 power houses and mills and other
 structures necessary to the proper con
 duct of the business of this corpora
 tion, and acquiring and construction of
 trans. tram ways and other roads and
 pipes. pipelines, fumes, ditehes, and
 every other thing necessary to the
 proper conduct of the business of this
 corporation; to hold stock in other cor
 Dorations; 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 and 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 for, producing, refining, distill-
 ing, treating, manufacturing, piping, carrying, handling, storing and dealing
 in, buying and selling oils, petroleum,
 natural gas. asphaltum. bitumen. bi- luminous rock. and other minerals.
 hydro-carbon substances and products of any and all such substances, and for such purposes to buy or otherwise ac- quire, hold and own. manage and op- crate refineries, 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 nec- essary and convenient by the Board of Directors; to operate, establish and carry on agencies, offices, storage tanks and houses; to sell articles produced and products manufactured by this or other corporations, persons, firms in Arizona Territory. or other states and territories of the United States or America. and In foreign countries; the production and generation of steam. electricity. gas and other agencies and means of lighting. heating and motive power. and the using. selling. renting. leasing. bonding and otherwise dispos- ing of the same; to do general real estate and mercantile business: to own and control letters patent and inven- tioIs; and the doing and performing of any and all other acts not inconsist- ent with the laws Of the Territory of made and provided for the government of corporations.
 III. The amount Of the capital stock of this corporation shall be Two Mil l lion (S2,000. .000) dollars. divided into Two Million C. coo. .oOO) shares Of the par value or one (s10O) dollar each; each | fully paid up and forever non-assess- able; and that there shall be issued inn ! mediateiy after this incorporation Is formed and created. one CD share of the said capital stock of said corpora | ton. to each of the individuals named 1, above as incorpora tors of this com | pany: said stock so issued to these in- | dividuals being fully paid up by them ! and each of them. and that said stock ! and that all stock 10 be hereafter Issued by this corporation and Directors and ! officers thereof, shall be non-assessa bIe {. for any purpose whatever; and that all ! of said stock shall be paid for immedi- l ately when issued by this corporation 1 and upon delivery to the purchasers | thereof Among the powers of this body corporate shall be: To have per petual succession; to sue and be sued bS it's corporate name; to have com | mon seal and alter the same at pleas | Ire: to prescribe the mode oi making transfers of stock OF interests Of its . stockholders: to make contracts; to ac- | quire and transfer property of every i kind and description, both real and per | sonal and to possess the same powers ! in such respects as private individuals ! now enjoy; to establish bylaws and ! make all rules and regulations deemed l expedient for the management of it's | affairs, not inconsistent with the laws and constitution of the United States 1 and the laws of the Territory of Ari- !. zona.
 " The time of the commencement | of this corporation shall be the date ! of the filing of these Articles of Incor- | poration in the office of the Secretary | of Arizona and the termination thereof | shall b~ twenty-five (25) years there 1 after
 V. The arrairs of this corporation ! shall be conducted in accordance with | the bylaws established by the Board of Directors to be elected annually by the stockholders of this company, said annual election shall be held on the fourth Tuesday of August or each year; the present Board being elected as soon after the adoption of these Articles of Incorporation as a meeting or such can be convened, the pres ent Board serving until the next annual election, or until their successors are qualified. No person is eligible to be a Director who is not a stockholder thereof, and any Director ceasing to be a stockholder the office at once becomes vacant and may be filled by the Board of their next meeting