The news-herald., 1902-02-01
of Incorporation
of the
DAVIS OIL co.

KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned, have this day volun-
tarily associated ourselves together for the
purpose OF forming Corporation under the
laws of the Territory of Arizona and do here
by make, execute and adopt the following Ar
ticles of Incorporation:
ARTICLE I.
The name of said Corporation shall be Davis
Oil Co., and its principal place of transacting
business shall be at Phoenix, Maricopa County,
Arizona, with branch offices at Chicago, Illi-
nois, and at such other places as may be de-
termined by the Board of Directors, where
regular and special meetings of the directors
and stockholders may be held and any and all
of the business may be transacted.
ARTICLE H.
The general nature of the different kinds of
business proposed to be transacted by this Cor
poration is as follows to-wit
To purchase, lease, locate, bond or otherwise
acquire, own, exchange sell or otherwise dis
pose Of pledge, mortgage, hypothecate and
deal in, work, mine, explore and develop min
ing claims, oil, mineral, timber and agricul-
tural lands, OIL gas, asphaltum, petroleum,
water and water rights.
To borrow money and execute mortgages or
deeds of trust to secure the same, to issue bonds
and other evidences of indebtedness, and in
general do all things necessary to the proper
conduct of the business of this corporation
not inconsistent with the laws of the United
States and the Territory of Arizona
ARTICLE III.
Among the powers of this body corporate
shall be: To have perpetual succession; to
sue and be sued by its corporate name; to have
a common seal and alter the same at pleasure;
to prescribe the mode of making transfer of
stock or interests of it's stockholders; to make
contracts; to acquire and transfer property of
every 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 regu-
lations deemed expedient for the management
of it's affairs, not inconsistent with the laws
and Constitution of the United States and the
laws of the Territory of Arizona.
ARTICLE ".
The amount of the capital stock of the Cor
poration shall be One Million dollars (sl OO0,-
600 OO), divided into One Million Q,O00, ,O0Ol
shares, of the par value of One Dollar Isl .00)
each fully paid up and forever non-assessable.
ARTICLEV.
The time of the commencement of this Cor
poration shall be the date of the filing of these
Articles of Incorporation in the Office of the
Secretary of Arizona, and the termination
thereof shall be twenty-five years thereafter
ARTICLE VI.
The affairs of this Corporation shall be con-
Quoted by Board of five Directors, who shall
be elected annually by the stockholders of the
Corporation on the 18th day of January in
each year Until the 18th day of January,
1903, the following named persons shall serve
as Directors: Joseph F. Chandler, George K.
Davis, Nicholas Michels, William Kendall and
Arthur L. Hayes
ARTICLE VII.
The highest amount of Indebtedness or liza
bility, direct of contingent, to which this Cor
poration shall subject itself at any time is one
hundred thousand dollars ($1O0,00O,Oo).
ARTICLE VIII.
The private property of the stockholders of
this Corporation shall be exempt from all cor
porate debts.
In Witness Whereof, We have hereunto set
our hands and seals this 18th day of January,
1902 GEO. R. DAVIS, (sEAL)
WILLIAM KENDALL, (sEAL)
ARTHUR L. HAYES, (sEAL)
State of Illinois, County of Cook }ss
On this 18th day of January, in the year 1902
before me, a Notary Public in and for the